Friday 18 November 2011

Daily Headlines: Friday, November 18, 2011

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Insurance Journal Daily Headlines
November 18, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Employers Pay Workers More Where Sexual Harassment Risk Exists: Study

Female workers are six times more likely than male workers to experience sexual harassment on the job, according to a report out of ...

Allied World Launches Primary EPL Product

Allied World Bermuda has launched a new primary employment practices liability (EPL) product for companies needing a comprehensive coverage ...

Flood Insurance Program Extended Until Dec. 16

Congress has approved yet another resolution to fund parts of the federal government including the nation's flood insurance program on a ...

From MyNewMarkets.com Don't Let the Bed Bugs Bite! Managing and Mitigating Bed Bug Exposures

In this Markets in Motion Podcast, Crystal Jacobs, product specialist with Professional Liability Insurance Services (PLIS) Underwriting...
East

9/11 First Responders Developed High-Risk Cardiovascular Condition

World Trade Center first responders who had high-level exposures to the initial dust cloud on Sept. 11, 2001, now have high-risk features ...

Hybrid Cars Protect Passengers Better, But Cause More Pedestrian Crash

Hybrid cars, heavier than conventional non-hybrid cars of similar models, have a safety edge when protecting their occupants from crash ...

Mass. AG Wants to Put a Break on ‘Excessive’ Homeowners Insurance Rate

Massachusetts Attorney General Martha Coakley is urging the State Rating Board to hold a hearing to scrutinize the data insurers use to set ...

Strategic Insurance Agency Alliance Adds New Member Agencies in East

The Strategic Insurance Agency Alliance (SIAA) added eight new member agencies in the East region in October. SIAA added 45 new member ...

ISU Network Adds New Member in Pittsburgh

ISU Network has added as a new member Pittsburgh-based Research Underwriters. Research Underwriters is a specialty insurance broker and ...

Boston-based CDS Business Mapping Adds Straight Line Wind Report

CDS Business Mapping, a Boston-based online hazard mapping service provider, added a new straight line wind report to its RiskMeter.com ...
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Midwest

Ohio-based Business Jet Operators Sue IRS over Ticket Tax

A group of Ohio-based private business jet operators is suing the Internal Revenue Service for $643 million, saying the government wrongly ...

Hallmark Sued for Michigan House Fire Linked to Snow Globe

An insurance company is seeking $1.8 million from Hallmark Cards and another company over a defective snow globe blamed for a fire that ...

Business Jet Operators Sue IRS Over Ticket Tax

A group of Ohio-based private business jet operators is suing the Internal Revenue Service for $643 million, saying the government wrongly ...
Southeast

6 Killed, Dozens Injured in Southeast Storms

At least six people have been killed and dozens more injured as a storm system that spawned several possible tornadoes moved across the ...

Settlements Reached in Remaining West Virginia Sago Mine Lawsuits

Settlements have been approved in the six remaining wrongful-death lawsuits filed by the families of miners who died in the 2006 Sago Mine ...

South Carolina Judge Awards Sex Abuse Victim $14 Million

A South Carolina Circuit Court judge has awarded a 27-year-old woman more than $14 million in civil damages in a suit brought against a ...
New from Academy of Insurance: Learn how contracts and insurance interact in this three part training course
South Central

Up to 300 More Homes to Be Repaired in Knauf Chinese Drywall Settlement

A new settlement has been reached with Knauf Plasterboard Tianjin (KPT) over defective drywall manufactured by the company in China. The ...

Former Oklahoma Insurance Agent Begins Prison Term for Fraud

A Stigler, Okla., woman, a former insurance agent, has begun serving time in prison for insurance-related crimes uncovered earlier this ...
West

Arizona AG Sues Telemarketing Companies for Fraud

Arizona's Attorney General has sued 11 people and several related telemarketing companies for allegedly defrauding customers who signed up ...

Catherine Baker Hired as Senior Underwriter at Atlas in California

Atlas General Insurance Services has hired Catherine Baker as a senior underwriter. Baker comes to San Diego, Calif.-based Atlas from The ...

Computer with Information on 4 Million Patients Stolen in California

A Northern California physicians network says a computer stolen last month contains personal information on more than 4 million patients ...

McMillan Named Poms Human Resources Director

Poms & Associates Insurance Brokers Inc. has named Naureen McMillan as human resources director. McMillan has over 15 years' ...
International

Allianz Asia CEO Says Thai Floods Could be Costliest Disaster in a Decade

Insured losses from Thai floods could be in the double-digit billions of dollars and the disaster will lead to a re-assessment of weather ...

IPCC Report Concludes Extreme Weather to Worsen with Climate Change

An increase in heat waves is almost certain, while heavier rainfall, more floods, stronger cyclones, landslides and more intense droughts ...

Catlin, China Re Announce Strategic Partnership; New Lloyd’s Syndicate

Catlin Group Limited has announced the formation of a strategic partnership with China Reinsurance (Group) Corporation (China Re) that will ...

Japan Probes Possible Olympus Organized Crime Links – Source

A unit from the Tokyo Metropolitan Police Department's organized crime division has joined an investigation into an accounting scam at ...

U.S. Ambassador Urges China Not to Interfere in Business

China should allow domestic and foreign companies to make investment decisions without government interference, the U.S. ambassador to ...

AmTrust Europe to Open Branch in Italy

UK-based insurer AmTrust Europe, Ltd., a FSA [Financial Services Authority] authorized insurance company, which already has had operations ...

Pressman Appointed to Aspen’s Board of Directors

Aspen Insurance Holdings Limited announced that the Company's Board of Directors has appointed Ron Pressman to the Board in a ...

Best Affirms Arab Re’s Ratings; Outlook Revised to Stable

A.M. Best Europe - Rating Services Limited has revised the outlook to stable from positive and affirmed the financial strength rating of ...

Ratings Roundup: Wawanesa, AmerInst, First Net

A.M. Best Co. has affirmed the financial strength rating (FSR) of 'A+' (Superior) and issuer credit rating (ICR) of 'aa-' of The ...

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Pat Ryan Asks, 'Are You Happy?'

Patrick Ryan is an innovator who sees opportunity. And it was opportunity that drove him to...
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Michael Lee, founder, chairman and CEO of the Tower Group, doesn't believe innovation runs...

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New Discussions in the Forums

Marketing Marketing Marketing
Posted: Fri Nov 18 -- This is also the reason why I love doing Search Engine Marketing not only as a job but it is like an art. For me, internet marketing is... chizcurlz
What is the Purpose of An Agency Website?
Posted: Fri Nov 18 -- Having a website for your business or agency is really important. Now that a lot of people are using internet to search for a stuff they... chizcurlz
What websites or app are agents using?
Posted: Fri Nov 18 -- Here are some android apps that have been used by some insurance agents: SEHmobile and StateFarm Pocket Agent. chizcurlz
Social Media
Posted: Fri Nov 18 -- I agree, Facebook PPC Advertising is also a good way to drive traffic or even leads to your website. We all know that Facebook is the no.1... chizcurlz
Internet Seach Company
Posted: Fri Nov 18 -- Yes and there must be a strategic plan in executing SEO for your website like keyword research and analysis. You will need to identify first... chizcurlz

Reader Comments

NYC Health Club Member Sues Over Breakfast Promise
Posted: Thu Nov 17 -- I guess fat cats don't realize there's no such thing as "free"; poor baby had to go without his breakfast at his health club. Ins agent
Court: Texas Couple Can Sue Over Dog's Sentimental Value
Posted: Wed Nov 16 -- Hopefully this will open the doors to more lawsuits where an animal is "accidentally" euthanized. Pets should not be viewed as "property" All for the dog!
President Obama Insured Against Attack While in Australia
Posted: Thu Nov 17 -- I will bite my tongue so I don't have the Secret Service on my butt! Compman
Banks Having to Defend Credit Card Insurance
Posted: Wed Nov 16 -- Why am I not surprised to hear this is a Capital one customer?! UnhappyCapitalOneCustomer
Initiative to Expand California Prop 103 Ignites Insurance Battle
Posted: Mon Nov 14 -- What Jamie Court is not saying is that Consumer Watchdog stands to make tons of money with their jealth insurance initiative in intevenor... Joe Jimenez

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