Thursday 15 September 2011

Daily Headlines: Thursday, September 15, 2011

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Insurance Journal Daily Headlines
September 15, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

U.S. Report Pins Most Blame for Gulf Oil Spill on BP

The United States heaped the lion's share of blame for the country's biggest ever offshore oil spill on BP Wednesday as the government ...

DuPont Wins $919M in Kevlar Trade Secrets Claim

A U.S. federal jury awarded DuPont $919.9 million in damages Wednesday, ruling that a South Korean company stole trade secrets for a fiber ...

Allstate Reports $500M in Losses from Hurricane Irene

Allstate Corp. lost $500 million on Hurricane Irene, the largest publicly traded home and auto insurer in the United States said Thursday, ...

American Marine, Markel launch Deductible Reimbursement to Car, Home, Boat Owners

American Marine Insurance and Markel American Insurance Co. are now offering owners of cars, homes and boats the ability to eliminate their ...

General Star Expands Repossession Operations Product

General Star has expanded distribution of its repossession operations product. The coverage, formerly available on a limited basis, is now ...

From MyNewMarkets.com Contractors and Their Agents Fight to Stay Afloat in Distressed Construction Market

The construction market is showing hints of improvement, if only slightly, according to insurance specialists for this market. The...
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East

New York Firm Unlawfully Fired Workers for Facebook Postings: NLRB

In the first ruling of its kind, a National Labor Relations Board administrative law judge has found that a Buffalo, N.Y.-based non-profit ...

Lloyd’s Syndicate Sues Saudi Arabia for $215M Over 9/11 Claims

Lloyd's of London's Syndicate 3500 filed a federal lawsuit against Saudi Arabia, several Saudi charity and financial organizations and ...

Aon Risk Solutions Hires Marsh Executive for Pittsburgh Office

Aon Risk Solutions, the global risk management business of Aon Corp., appointed Marsh veteran John Moskal as executive vice president and ...

Massachusetts-Based Arbella Insurance Appoints New Hampshire Director

Arbella Insurance Group, a Quincy, Mass.-based provider of business and personal insurance for the New England region, hired Robin Maddox ...
500 Brand New INSURANCE JOB LISTINGS : Insurance Journal Job Board
Midwest

Auto Insurance Bill Introduced in Michigan

A new proposal that would change Michigan's auto insurance coverage requirements for people injured in accidents has been introduced in the ...

30 Ousted Workers’ Comp Arbitrators Still on Job in Illinois

Thirty Illinois Workers' Compensation Commission arbitrators whose terms were ended by the governor in July are still on the job and are ...

Calmer Winds to Slow Growth of Minnesota Wildfire

Calmer winds were expected to slow the growth of a huge wildfire that has engulfed woodland in northeastern Minnesota and blanketed cities ...

Reid Named Leader of Holmes Murphy & Associates' Nebraska Office

Holmes Murphy & Associates Vice President Beau Reid has been appointed to lead the independent insurance brokerage's Nebraska ...
Southeast

Florida Set to Tackle PIP Auto Insurance Reform Again

Florida state officials, insurers, medical providers, and consumer groups are preparing to re-examine the state's no-fault auto insurance ...

Insurance Rates for Coastal Alabama Homeowners Going Down

Alabama homeowners insured by the state's property insurer of last resort are paying less after the insurer implemented its first rate ...

No Major Injuries or Damage After Alabama Earthquake

Authorities say no major damage or injuries were reported after an earthquake in the metro Birmingham area Tuesday evening. The U.S. ...

Georgia’s Greyling Brokerage Expands to Florida, Appoints Geer

Atlanta-based Greyling Insurance Brokerage is expanding into Florida. The brokerage has hired Charles Geer to open a new office in West ...
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South Central

Fire-weary Texas Residents Looking to Insurance

Brandon Bunker knew there would be nothing left. He knew from videos he had seen online that the home he and his wife shared with his ...

Arthur J. Gallagher & Co. Acquires The BeneTex Group

Arthur J. Gallagher & Co., headquartered in Itasca, Ill., has acquired The BeneTex Group Inc., an employee benefit broker in ...

Texas Mutual Rewards Hospital Group with $209K Dividend

Texas Mutual Insurance Co. announced a $209,256 dividend to the Hospitals of Texas (HOTComp) safety group. The workers' compensation ...
West

Economists: Sea Level Rise Could Cost California

Economists say erosion from rising sea levels and storm damage could cost California hundreds of millions of dollars in lost tourism and ...

Hinckfuss Named Young Professional of the Year by NAIW/IAIP California Council

Ruth Hinckfuss was presented the Young Professional of the Year award at the National Association of Insurance Women/International ...

Walker Named CFO of Fireman's Fund

Kevin Walker will be the new chief financial officer and a member of the board of directors of Fireman's Fund Insurance Co. He assumes ...

County In Arizona Moves $2.5 Million to Flood Projects

The Mohave County Board of Supervisors in Arizona is looking ahead to flash floods and the destruction they can cause. On Monday the board ...
International

Shareholder Adviser OK’s Allied’s Bid, But Nixes Approval by Transatlantic

Allied World Assurance Company Holdings, AG announced that Institutional Shareholder Services (ISS), an independent proxy advisory service, ...

Hub International to Acquire Canadian Broker Horizon Insurance

Hub International Limited announced that it has entered into a definitive agreement to acquire the operations of Horizon Insurance, LP. , a ...

AIR Updates European Wind, Earthquake Cat Models

Catastrophe risk modeling firm AIR Worldwide has released updates to its Extratropical Cyclone and Earthquake Models for Europe. AIR said ...

Lloyd’s Issues First Direct Insurance Policy in China

Lloyd's announced that it has issued its first direct insurance policy in China through its fully owned subsidiary – Lloyd's ...

Willis Appoints Peller as Argentina CEO

Willis Group Holdings has announced the appointment of Seth Peller as CEO of Willis Argentina S.A., effective immediately. He is based in ...

Travelers Promotes Coello to Assistant GM for Professional Risks in UK

Travelers London office announced that Richard Coello has been promoted to the role of Assistant General Manager responsible for ...

Best Affirms Lloyd's Syndicate 510 and Kiln Group Ratings; Outlook Stable

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of 'A' (Excellent) and the issuer credit rating ...

Ratings: AmerInst, Emirates, Jamaica Int’l., Salama/BEST RE, Colonial, Trust Re

A.M. Best Co. has affirmed the financial strength rating of 'A-' (Excellent) and issuer credit rating of "a-" of Bermuda-based AmerInst ...

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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: Thu Sep 15 -- Thanks Mike. We're not looking for an MGA solution (although we have a few programs where we are the MGA)... Afrank
Garage Liability and loaner vehicles
Posted: Thu Sep 15 -- Question: My customer has a GK/GL policy. Customer of his is dropping off her tire at the shop and is turning around in the his parking lot.... MCMMUrph
Florida Statutes on agent writing owner/tenant
Posted: Thu Sep 15 -- Does anyone know what the Florida Statute says about an agent writing the coverage for both the owner of a building and the tenant of same... saabins
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

Reader Comments

Federal Judge Rejects Health Insurance Mandate in Latest Case
Posted: Wed Sep 14 -- This has cost our nation MILLIONS, its time for Congress to step up and repeal this law... The uncertainty alone, of the costs and effectsof... mark hester
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
Americans Have False Sense of Security About Catastrophes: Survey
Posted: Mon Sep 12 -- Our culture fosters an attitude of derision and contempt for anyone that dares to question or address the flaws in our economy and system of... Not A Witch
Google Secretive About 'Super Safe' Robot Car Crash
Posted: Tue Sep 13 -- Google must be testing out my insurance agent to be the first autonomous insurance agency because anytime I ever call or stop by their... jmc
Prices Up in All Commercial Lines: Towers Watson
Posted: Tue Sep 13 -- Funny that I have not seen this when I go out to fight for one of my renewals. Tell this to my competition who is buying commercial business... Sarah

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