Wednesday 14 September 2011

Daily Headlines: Wednesday, September 14, 2011

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Insurance Journal Daily Headlines
September 14, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Federal Judge Rejects Health Insurance Mandate in Latest Case

A federal judge in Pennsylvania said the insurance-buying mandate in President Barack Obama's health care overhaul is unconstitutional, the ...

U.S. Safety Board Pushes for Trucker Cellphone Ban

The U.S. government should ban truckers from using cellphones while driving except in emergencies, transportation safety investigators said ...

U.S. Report on BP Oil Spill Imminent

A U.S. government team investigating last year's massive Gulf of Mexico oil spill will blame BP and its contractors for mistakes that led ...

ISO, Willis RE to Offer ISO Risk Analyzer Predictive Models in the U.S.

Property/casualty insurance analytics provider ISO and Willis Re, the reinsurance broking arm of Willis Group Holdings, the global ...

Business Risk Partners Launches Lloyd’s-Backed Home Inspectors E&O Coverage

Business Risk Partners has launched a new standard E&O (errors & omissions) policy form for home inspectors. The policy, ...

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...
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East

Conn. Supreme Court to Take Up Ex-NFL Player’s Fraud Claim Against Lawyers

The Connecticut Supreme Court will take up a fraud lawsuit by ex-NFL player and investment firm founder Bob Simms against his ex-wife's ...
INSURANCE JOBS STIMULUS: Insurance Journal unveils jobs stimulus plan
Midwest

Flood Insurance Has Paid $43 Million in Missouri River Floods

Federal flood insurance has already paid out $43 million to help policyholders deal with the damage caused by flooding along the Missouri ...

IMA Retains Black to Lead Professional Services Practice

Overland Park, Kan.-based insurance broker IMA Inc. announced that Darren Black joined the firm as director of its professional services ...

Illinois Lawmakers on Exchange Panel Get Insurance Funds

The insurance industry is handing out cash to lawmakers who will play pivotal roles in setting up Illinois' health-benefits exchange. The ...

Flood Maps Could Force Thousands in North Dakota to Buy Insurance

Fargo, N.D., city engineers say an additional 7,500 homeowners may be required to purchase federal flood insurance when new flood plain ...
Southeast

Florida’s Citizens Faces Critics at Public Hearing Over Sinkhole Rates

Florida homeowners came by the hundreds in cars and buses to speak out against the state-backed property insurer's plan to increase ...

Georgia Court Allows Family’s Suit Against Son’s Psychiatrist

The top court in the U.S. state of Georgia has allowed the family of a man who stabbed his mother to death in a psychotic rage to file a ...

Judge Weighs Family’s Wrongful Death Claim Against U of Mississippi Football

A Hinds County judge says he will rule soon on a motion by the University of Mississippi to move a wrongful death lawsuit filed by the ...

3,500 West Virginians Enroll in DuPont Medical Monitoring Plan

DuPont says 3,500 people are enrolled in a medical monitoring program for West Virginia residents who believe exposure from a former ...

Kentucky Sentences Amish Men Over Safety Violation

Nine Amish men in Kentucky who refused to display an orange reflective triangle on their horse-drawn buggies have been ordered to jail for ...
South Central

Insured Losses from Texas Wildfires Could Reach $250 Million

An industry group says insured losses from a week of Texas wildfires could reach $250 million. The Insurance Council of Texas  offered the ...

State Farm Seeks 10% Homeowners Rate Hike in Texas

State Farm Insurance has filed notice seeking an average 10 percent increase in Texas homeowner rates. But company officials say discounts ...

Oklahoma Insurance Broker to Seek U.S. House Post

A former state lawmaker is officially jumping into the crowded Republican primary for the open U.S. House seat in eastern Oklahoma. Former ...

Texas Agents Donate $200K to Texas Volunteer Fire Departments

Independent Insurance Agents of Texas (IIAT) and its Trusted Choice agents have donated a total of $200,000 to the State Firemen's and Fire ...
West

Venture Capital Firm Buys California Wholesaler Yates, Rolls Out Growth Plan

Scottish American Capital, a venture capital group with a cache of high net worth individuals, has purchased 80 percent of Tustin, ...

Altamont Backs McLarens In Merger with Airclaims

Altamont Capital Partners has provided capital to support global insurance loss adjuster McLarens Young International in its merger with ...

Swett & Crawford to Expand Los Angeles Office with Vassallo

Swett & Crawford has opened a satellite office in Redondo Beach, Calif. The office will be led by Brian Vassallo, who is joining the ...
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International

Validus Files to Replace Transatlantic Board

Reinsurer Validus Holdings increased the pressure on its target Transatlantic Holdings Wednesday, filing paperwork with regulators to ...

U.S. Court Fight May Not Solve Chinese Accounting Mess

U.S. regulators appear to be on strong footing in a legal battle over a Chinese auditor's work papers, though their ability to act may have ...

Transatlantic, Allied World off CreditWatch as Merger Looks Less Likely: S&P

Standard & Poor's Ratings Services has removed both Transatlantic Holdings and Allied World Assurance Co. Holdings AG from its ...

Willis’ Report Finds Airline Industry Losses Hit 5-Year Low

The airline industry had a "relatively turbulent free start to the third quarter, with losses hitting a five-year low of $794 million," ...

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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: Mon Sep 12 -- These are lots of great suggestions. We are looking to be ahead of the curve in terms of usability, scalability and ease of integration with... Afrank
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

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
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
Chiropractors Push to Reverse New York's Workers' Comp Guidelines
Posted: Thu Sep 8 -- This is all bull. The chiropracters run up a bill to $10,000 to $20,000, so the lawyers can show damages and sue. When the insurance... dave

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