Tuesday 1 November 2011

Daily Headlines: Tuesday, November 1, 2011

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Insurance Journal Daily Headlines
November 1, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Corporations Win Key Product Liability Trials; More Victories to Come?

A string of courtroom victories by drugmakers in key product liability trials could be a signal that these and other companies can beat ...

Cyber Attack Targets Chemical, Defense Firms

At least 48 chemical and defense companies were victims of a coordinated cyber attack that has been traced to a man in China, according to ...

Allstate Suffers $1 Bilion in Disaster Losses in Q3

Allstate Corp. posted a sharply smaller profit for the third quarter, as the largest publicly traded home and auto insurer in the United ...

U.S. Sues Allied Home Mortgage for Lending Fraud

The U.S. Department of Justice sued Allied Home Mortgage Capital Corp and two top executives over fraudulent lending practices that have ...

MMIC Group Introduces Data Security Coverage for Physicians, Hospitals

Midwestern medical liability insurance company MMIC Group, Inc. has introduced Cyber Solutions, which provides coverage for data breaches, ...

Agents Can Advise Clients on Halloween Coverage, Accident Prevention

The Halloween night is filled with frightful risks. Fortunately. insurance agents can play a helpful role by advising their clients about ...

From MyNewMarkets.com Ongoing Pirate Menace Triggers Special Coverage, Security Measures

"Pirates of the Caribbean" they aren't. They are for the most part desperate men from a failed state that have discovered that one of the...
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East

New York AG’s Securities Fraud Lawsuit Against Charles Schwab Tossed

A lawsuit against Charles Schwab Corp. over auction-rate securities that was filed by former New York Attorney General Andrew Cuomo was ...

National Flood Insurance Program Offers Free Seminars for Penn. Agents

The National Flood Insurance Program (NFIP) said it is offering insurance agents free training seminars on flood insurance in several ...

Selective Hires New Chief Human Resources Officer

Branchville, N.J.-based Selective Insurance Group appointed Amy Carver as executive vice president and chief human resources officer. In ...

Early Northeast Snowstorm Deals Insurers Another Blow

The U.S. insurance industry, already bruised by one of the most devastating weather years in history, appears to have suffered another blow ...

3M Powerless as October Snow Surprises Northeast

A freak October snowstorm knocked out power Sunday to more than 3.1 million homes and businesses across the U.S. Northeast, with close to ...
What to Expect from Specialty Lines Claims
Midwest

Agent Tax Lien Program Returns $2M to Ohio and its Citizens

A tax lien program that has collected more than $2 million in unpaid income tax, sales tax and workers' compensation premium payments, Ohio ...

Wisconsin Appeals Court Favors Media vs. Juneau County, Insurer

A Wisconsin appeals court has ruled in favor of a Juneau County newspaper that requested documents from the county but received paperwork ...

Baldwin Named President of Huntington Insurance

Ohio-based Huntington Bank has named Paul Baldwin president of Huntington Insurance. He reports to Mark Thompson, senior executive vice ...
Southeast

Settlement Reached in Florida Anthrax Death Case

The widow of a tabloid photo editor who died in the 2001 anthrax mailings has reached a settlement in her lawsuit against the U.S. ...

Occupy Nashville Protesters Sue Governor Over Curfew

Occupy Nashville protesters are suing Gov. Bill Haslam over a new curfew on the grounds around the Capitol that has been used to dislodge ...
South Central

Increased Penalties for Driving Under the Influence Begin in Oklahoma

Beginning Nov. 1, Oklahomans who drive drunk will face tougher penalties - changes that supporters say will save lives. Sen. Clark Jolley ...

ATVs Are Hot Items for Thieves in Louisiana

Bill Hawks is a guy who works extremely hard for the things he has. So, the Blanchard, La., resident was less than enamored one recent ...

Helios Insurance Group and Direct Event Insurance Add Oden, Carbrey

Houston-based Helios Insurance Group, a specialty business insurance MGA, has added John Oden as vice president. Additionally, Helios' ...
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West

Networked Ads California Positions

Tammy Magliola and Ferris M. Boulos have joined Networked Insurance Agents as territory sales vice presidents in northern and central ...

Bogardus Named President of CompWest in California

Accident Fund Holdings Inc. has made Bryan Bogardus president of San Francisco, Calif.-based CompWest Insurance Co., a division of Accident ...

Argo Insurance, Arrowhead Partner on Landscape and Arborist Program

Argo Insurance, a member of Argo Group International Holdings, Ltd will offer a landscape and arborist program through its Commercial ...
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International

Greek Referendum Plan Threatens New Euro Zone Crisis

Prime Minister George Papandreou's shock announcement that he will put Greece's bailout to a referendum threatened to intensify the euro ...

US, EU, Japan Press China on Financial Services Reform at WTO

The United States criticized China on Monday for failing to fulfill World Trade Organization commitments to open its financial services ...

EU Says Doha Deal Could Boost World Exports by $505 Billion, If Revived

Moribund talks for a global accord to open up trade could boost world exports by more than half a trillion dollars a year if they were ...

‘Parametric’ Covers Central to Insure Public Entities Says Cooper Gay Exec

Despite the ever increasing severity and frequency of natural catastrophes, "insuring public entities in affected countries is becoming ...

Third Quarter Earnings Reports: White Mountains, PartnerRe

White Mountains Insurance: Combined ratio of OneBeacon for Q3 - 94 percent (92 percent in Q3 2010); 9 months combined ratio: 94 percent (101 percent in 2010)...

Liberty International Opens New Office in Hamburg

The London-based Liberty International Underwriters in Europe (LIU Europe), a member of Liberty Mutual Group, has opened a new office in ...

S&P Affirms Montpelier Re Ratings; Outlook Stable

Standard & Poor's Ratings Services has affirmed its 'BBB' long-term counterparty credit rating on Montpelier Re Holdings Ltd. and its ...

Ironshore Australia Launches Affirmative Defense Cost

Ironshore Australia has enhanced its professional liability policies for defense cost coverage in response to the recent decision of the ...
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Pugh to be New Phoenix Branch Manager

Irvine, CA, 11/01/1 - Brian T. Pugh will join The Insco Dico Group as Branch Manager of their Phoenix, Arizona office. Brian has over 25 ...
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Peter den Dekker's tenure as president of the Federation of European Risk Management...

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New Discussions in the Forums

Nursing Home (TX)
Posted: Mon Oct 31 -- As some of the comments suggest above the only real way to get a feel for a care home is to visit it and make close inspection. One thing... Jambo86
Attorney considering CPCU- thoughts?
Posted: Mon Oct 31 -- I spent this year on education and books like the CPCU which is 5 feet from me right now, was recovered in 8 days of work. But the knowledge... tkishore123
CIC & CPCU at the same time?
Posted: Mon Oct 31 -- LMora, while I don't have my CIC yet, I did just complete the CPCU designation. My only word of advice would be this: find a group of people... BrianBaughman
Social Media and its potential
Posted: Fri Oct 28 -- I started a Facebook page a few months ago for our agency. My boss noted that when a person goes to the page, on the right hand side are a... csrsd
Should An Agency Specialize or have a Niche?
Posted: Fri Oct 28 -- Yes, I totally agree for an agency to have a specialize field in their agency, because if you don't have anything that is stand out in the... roycheong1031
Insurance for DJ's
Posted: Fri Oct 28 -- Well, sure, he does need Liability coverage. What if his equipment that he set up falls and damages a 3rd party's property, or, worse yet,... simiinsuranceguy
Android Applications/Insurance Related
Posted: Fri Oct 28 -- I have seen some insurance android apps especially for agents but I don't know if it's worth downloading though. Anyone of you have tried... robmejia

Reader Comments

Florida Man Wins $1M Claim Against South Carolina Lawyer
Posted: Tue Oct 25 -- Now that's a true feel good story! Johnny Cockrun
Accident Fund Will Cover Comp Claim for Joplin Tornado Survivor
Posted: Tue Oct 25 -- Sanity prevails! How refreshing! This poor fellow exposed himself (gosh that sounds wrong) to a higher degree of risk by attempting to save... reality bites
Wall Street Protesters Target Health Insurers
Posted: Fri Oct 28 -- The hospital closed because it was 1 billion in debt. That would probably mean that the hospital was not able to pay their bills probably... Amazed
More Unfit Floridians Have Driver's Licenses Yanked
Posted: Tue Oct 25 -- When my Mom was approaching 90 she went to the Ohio deputy registrar office to renew her license. Part of the process is an eye test and she... Waterbug
Women Launch New Legal Salvo Against Wal-Mart
Posted: Fri Oct 28 -- Let's see, the unemployment rate is said to be 9.1% and the real unemployment is around 20%, so let's sue our employer for discrimination.... Agent

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