Monday 12 September 2011

Daily Headlines: Monday, September 12, 2011

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Insurance Journal Daily Headlines
September 12, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Americans Have False Sense of Security About Catastrophes: Survey

Even after 9/11 and Hurricane Katrina, most Americans have a false sense of security when it comes to their readiness for a natural ...

The Hartford Warns Q3 Disaster Losses Up Due to Irene

Insurer Hartford Financial Services Group warned Monday that its third-quarter catastrophe losses would be substantially higher than a year ...

Schinnerer Adds Enhancements to Real Estate E&O Policy

Coverage for open houses, mold, network risks and privacy claims are now part of Victor O. Schinnerer & Company's real estate E&O ...

From MyNewMarkets.com 9/11 and Terrorism Risk 10 Years Later

The Sept. 11, 2001, terrorist attacks forever changed how the insurance industry views terrorism risk, says Robert Hartwig, president of the...
INSURANCE JOBS STIMULUS: Insurance Journal unveils jobs stimulus plan
East

New Hampshire AG Balks at Malpractice Fund Settlement

New Hampshire's attorney general objected Friday to a proposed settlement in a tug-of-war over $110 million of surplus money in a ...

Judge Orders Insurers to Pay in Delaware Diocese Bankruptcy

A Delaware bankruptcy judge on Friday ordered insurance companies to pay their share of a settlement with priest sex abuse victims that is ...

Sallie Mae Exec Joins Next Generation Insurance

Next Generation Insurance Group, a specialty agency with offices in Boston and Phoenix that focuses on the collegiate and young adult ...

As River Recedes from Lee, Pennsylvanians Return to Wilkes-Barre Homes

Tens of thousands of evacuated Pennsylvania residents were allowed to return home starting Saturday as rivers swollen by the remnants of ...
Midwest

Michigan Begins Debate Over Personal Injury Auto Insurance Benefits

The state Legislature is preparing to begin debate on possible changes to Michigan's unique auto insurance coverage for people injured in ...

Indiana State Fair Board Hires Risk Assessment Firm

The Indiana State Fair has hired a risk assessment firm in the wake of last month's deadly stage collapse at the fairgrounds. State Fair ...

Joplin, Missouri Residents Have Until Oct. 15 to Demolish Structures

Joplin, Mo., residents have until Oct. 15 to demolish structures damaged by this spring's devastating tornado, city officials announced. ...
Post an insurance job today: Insurance Journal unveils jobs stimulus plan
Southeast

Board of Florida’s Citizens to Meet Today on Sinkhole Rates

The board of governors of Florida's Citizens Property Insurance Corp. has called for an emergency meeting today to consider phasing in a ...

Insurer Asks Court to Move Ahead with Mississippi Judicial Bribery Case

A federal judge plans to talk with attorneys this month about how to move forward with a seven-year-old lawsuit linked to a corruption case ...

Georgia Tornado Damage Estimated at $15M

Authorities estimate that a recent tornado and strong storms in north Georgia inflicted at least $15 million in damage. Insurance ...

Keystone Insurers Adds New Partner in Tennessee

Holman & Holman Agency of Springfield, Tenn., has become Keystone Insurers Group's eighth franchise partner in Tennessee, bringing ...
South Central

String of Wildfires Takes Toll on Texas Firefighters

The flames of the massive wildfire that had swallowed nearly 1,400 homes in Central Texas had been tamed, but Webster Fire Chief Patrick ...

President Obama Signs Disaster Aid for Texas Wildfires

President Barack Obama has signed a federal disaster declaration for Texas in the wake of wildfires in the state. The move allows federal ...

Texas Wildfires Evacuees Anxious to Return Home

After spending nearly a week wondering whether his home had been destroyed in massive wildfires sweeping across Central Texas, George ...

HCC Insurance Holdings Promotes Kellems to Senior VP

HCC Insurance Holdings, Inc. has promoted Jackie S. Kellems to senior vice president enterprise risk management, reporting to the ...
West

Southern California Wildfires Prompt Evacuations

Several structures are being threatened by one of more than 50 wildfires in the Southern California area of Kern County. The fires, which ...

Southern California Blackout Being Investigated

The Federal Energy Regulatory Commission (FERC) and the North American Electric Reliability Corp. (NERC) have launched a joint inquiry into ...
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International

Reinsurance Rendezvous Kicks Off in Monte Carlo

You could hold it in New York, or London, or practically anywhere, but it wouldn't be the same. The annual Reinsurance Rendezvous in Monte ...

Reinsurers Eye Innovation As Prices Disappoint

Catastrophe claims totaling $70 billion have failed to generate a hoped-for upturn in reinsurance prices, putting the industry under ...

HBSC Selling Non-Life Insurance Business: Reuters

HSBC Holdings Plc has launched the sale of its non-life insurance business, sources told Reuters on Monday, a global division worth about ...

Best, S&P Positive on Reinsurers’ Capital

As the Reinsurance Rendezvous in Monaco enters its second day, it has become apparent that most of the world's global reinsurers are more ...

Willis' Exec Sees Possible ‘Historic Change’ in Reinsurance Market

The long awaited end of the reinsurance pricing cycle may be obtainable, but is that necessarily good news? In his keynote speech at the ...

Global Property Insurance Market Remains Volatile: Aon Benfield

In terms of global underwriting volatility, the property insurance market remains substantially more volatile than other major lines. In ...

White Mountains Rebrands Reinsurance As Sirius

Bermuda-based White Mountains Insurance Group said it is reorganizing and rebranding its global reinsurance business. All reinsurance ...

Cantlay to Join AIG-Backed Lloyd’s Syndicate, Ascot, as Executive Director

Ex-Aon Benfield Chairman Charlie Cantlay is to join the Board of Directors of AIG's Lloyd's Syndicate, Ascot Underwriting, as Executive ...

Fitzpatrick to Head U.S. Retail for Endurance Specialty

Sean M. Fitzpatrick is joining Bermuda-based Endurance Specialty Holdings Ltd. in the new role of president and head of U.S. ...

Storm Nate Fizzles After Landfall in Gulf of Mexico

Storm Nate weakened to a tropical depression on Sunday as it moved farther inland across the coffee and sugar growing state of Veracruz, in ...
Sponsored Content

Bryar Resigns, Ewing Promoted

Woodland Hills, CA – August 26, 2011– C.M. Meiers Company Inc. has announced that Robert Bryar has decided to move on from his position ...

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9/11 and Terrorism Risk 10 Years Later

The Sept. 11, 2001, terrorist attacks in the United States forever changed how the insurance...
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What's in a Name? Unitrin CEO Southwell Says A Lot

A legendary insurance company name is back in the headlines. Unitrin Inc. has taken the Kemper...

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New Discussions in the Forums

Agency Management System
Posted: Sat Sep 10 -- You left 1 system out that works VERY well and is the cheapest quomation I have tried many and have found that the quoting and managment... 12insure
Super Newbie
Posted: Fri Sep 9 -- My advice is to hook up with a broker in your area. It sounds like you would be good at selling life insurance because you have already... ziiqui
Attorney considering CPCU- thoughts?
Posted: Thu Sep 8 -- I have also studied for the CPCU and recommend it. It will be a reflection of your dedication to the industry. It is time consuming though.... John J90
National Agents Alliance? Legit or Keep Away?
Posted: Thu Sep 8 -- Since I am currently looking to get into the mortgage insurance field, I have a sincere observation to share after reading all of these... voyman
Taxi Cab Insurance FL
Posted: Tue Sep 6 -- We are an independent agency in the Tampa area looking for competitive markets for taxi cab/livery risks. Anyone know of any carriers or... LindseyFBQ

Reader Comments

Connecticut Asks Insurers to Waive Storm Deductibles for Irene Damages
Posted: Tue Sep 6 -- The new vanishing deductible? Curious
Jury Awards Student $50K in Tennessee University Rape Case
Posted: Tue Sep 6 -- I was actually young once and even then I knew that if I got messed up on alcohol and meds, the outcome would not be good. The young woman... Waterbug
Nebraska County Must Pay $407K in Car Crash Lawsuit
Posted: Wed Sep 7 -- I guess the guy will next be going after the gravel company for not selling the county non-slip gravel. jmc
White House Requests $5.2B in New Disaster Funds
Posted: Wed Sep 7 -- here is a thought...... how about diverting some of the foreign financial aid to our own disaster funds? AS
Why 9/11 Changed Everything
Posted: Fri Sep 9 -- It is highly unlikely that any terrorist event will have the scope and magnitude of damage that resulted from 9/11. Notwithstanding, is this... Jester

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