Monday 9 January 2012

Daily Headlines: Monday, January 9, 2012

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Insurance Journal Daily Headlines
January 9, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Whistleblowers Earn a Record $532 Million in 2011

Whistleblowers earned more than $532 million in 2011 through lawsuits alleging fraud against the U.S. government, a record for such ...

2012 Commercial Lines Ratings Outlook Negative: A.M. Best

The rating outlook for U.S. commercial property/casualty insurance remains negative, while the outlook for personal lines is stable, ...

SEC Changes Its Settlement Language Where Criminal Violations Admitted

U.S. securities regulators said on Friday that defendants can no longer settle civil cases using "neither admit nor deny" language if they ...

Board Finds Certain Mandatory Arbitration Clauses Violate Federal Labor Law

Employers will be blocked from requiring workers to sign arbitration agreements that prevent them from later pursuing a class action claim ...

Zurich Expands Agribusiness Footprint

Zurich has reached an agreement with Aran Insurance Services Group to provide package, umbrella and auto coverage for agribusiness ...

Breckenridge Creates Program Business Underwriting Facility

Breckenridge Insurance Group has formed Blue River Underwriters, a program business facility. Blue River will manage and underwrite ...

White House Defends Health Care Law As ‘Response to Crisis’

Defending President Barack Obama's signature health care overhaul, the administration is urging the Supreme Court to uphold the contentious ...

PPIB Launches Outpatient Medical Facilities Program

Professional Program Insurance Brokerage (PPIB) has launched an outpatient medical facilities program. The program is available in all ...

From MyNewMarkets.com Medical Liability Insurers Facing New Environment: Moody's

Although it comprises just over two percent of annual direct premiums for the U.S. property and casualty insurance industry, the medical...
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East

Chartis Hires Farmers Insurance Executive as Chief Science Officer

Chartis has appointed Murli Buluswar to the newly created position of chief science officer. In this role, Buluswar will be responsible for ...

Lockton Hires Willis Exec as Real Estate Practice Leader in New York

Lockton Companies appointed industry veteran Michael Power as senior vice president and Northeast real estate practice leader. Based in the ...

N.J. Court Rules in Favor of Allstate in Agency Franchise Lawsuits

Allstate announced on Friday that the Superior Court of New Jersey has entered judgment in favor of Allstate New Jersey Insurance Company, ...

Penn. Woman Tried to Get Policy After Child’s Crash

A western Pennsylvania woman will stand trial on charges she fraudulently applied online to insure her daughter's car less than an hour ...

Officials Announce Two Disaster Aid Centers Opening in Virginia

Federal and state agencies are opening a new disaster recovery center in Spotsylvania County and reopening one in Louisa County in Virginia ...
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Midwest

South Dakota Jury Says County Not Covered for Dairy Lawsuit

A jury ruled Aurora County doesn't have insurance coverage for a lawsuit filed by a South Dakota dairy farming family. Thompson Farms says ...

Swett & Crawford Acquires Missouri-based Aviation Program Manager

Wholesale insurance intermediary, Swett & Crawford, announced it has acquired The ABC Program, an underwriting facility based in St. ...

Illa to Lead Ag States Group in Minnesota

Ag States Group, an insurance and risk management subsidiary of CHS Inc., announced Keith Illa has been named president of Ag States Group, ...

Michigan Unlikely to Restore Lost Jobs for Decades

State budget director John Nixon likes getting together with fellow budget directors these days because it gives him a chance to brag about ...
Southeast

Kentucky Fire Marshal Seeks Help With Arson Cases

Because of an alarming increase in suspected arson fires in Kentucky, State Fire Marshal William Swope is asking citizens to provide ...

Neace Lukens Acquires Kentucky’s Berryman Agency

Louisville-based insurance agency Neace Lukens is expanding its presence in Kentucky by buying the Berryman Insurance Agency. The Hartford, ...

Texas Insurer Acquires Florida’s Physicians Insurance

The Texas Medical Liability Trust has acquired the Florida-based Physicians Insurance Co. The Deerfield Beach, Florida-based Physicians ...

Kentucky National Names McMullen as President

Kentucky National Insurance has appointed David McMullen as its new president. McMullen comes to the company with 15 years of experience, ...

Insurance Agent Rowland Gets Kentucky GOP Nomination

Tompkinsville independent insurance agent Bart Rowland will be the Republican nominee for a Kentucky House seat left vacant when former ...

Florida Investigating Massive PIP Fraud in Dade County

State investigators are considering criminal charges after finding regulatory violations in almost 90 percent of the pain clinics that ...
South Central

More Louisiana Property Owners Move to Private Insurers

Fresh data shows Louisiana's insurer of last resort keeps churning away on getting private insurers to pick up policyholders, a problem ...

Medicare Liens and Settlements Following United States v. Stricker

Reaching a settlement amount between the carrier and a plaintiff over a personal injury claim is sometimes the easiest part of a settlement ...

Texas Governor Renews Drought Disaster Declaration

Gov. Rick Perry has renewed a proclamation declaring Texas a disaster due to the drought. Perry renewed the proclamation on Dec. 27, a year ...
New clsas from Insurance Journal's Academy of Insurance: Understanding the Basics of Contractual Risk Transfer
West

Safety Of Popular Air Shows, Races Under Scrutiny

Despite suffering severe injuries in the worst air race accident in the U.S. in more than a half a century, some victims of the crash at ...

Idaho Biologists File Lawsuit After Copter Crash

Two biologists with the Idaho Department of Fish and Game injured in a helicopter crash while attempting to dart elk, moose and wolves for ...

Earthquake Rumbles North Of Anchorage

A small earthquake rumbled in Alaska that was felt in several small communities north of Anchorage. The U.S. Geological Survey says the ...
International

Grounded Cargo Ship Breaks Apart on New Zealand Reef

A cargo ship grounded off the New Zealand coast since October has split in two, spilling sea containers and debris and sparking fears of a ...

Olympus Sues President, Ex-directors over $1.7 Billion Fraud: Sources

Japan's Olympus Corp has sued its current president and three ex-directors for several million dollars in compensation, sources told ...

Windstorm Andrea, First of 2012, Causes Damage in Europe: AIR Report

According to catastrophe modeling firm AIR Worldwide, Windstorm Andrea passed through the U.K. earlier this week, fast on the heels of ...

Liberty Syndicates Appoints Wilkinson Head of Risk Management

Liberty Syndicate Management Limited, a member of Liberty Mutual Group, has appointed Dan Wilkinson as Head of Risk Management. He formerly ...

Ratings: QBE Del Istmo, Asia Capital Re, Lloyd’s Syndicate 570 (Atrium)

A.M. Best Co. has assigned a financial strength rating of 'A-' (Excellent) and issuer credit ratings of "a-" to Panama-based QBE Del ...

Ironshore Expands Environmental Products to Europe

Ironshore Environmental products are now available in Europe through Ironshore Europe Limited. The products cover a broad spectrum of ...

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Swiss Re Chief Economist Analyzes Current Market Conditions

Swiss Re's chief economist Kurt Karl discusses the challenges the insurance industry faces,...
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Interesting Times in Medical Liability

The medical liability market continues to perform well even as the nation struggles to...

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New Discussions in the Forums

CertsNow 24/7 or CSR24
Posted: Mon Jan 9 -- I went with the CSR24 program from Artizan and will update in a few months to let anyone who is interested know how it is going. I have to... MT_Agent
Tracking Producer Comission
Posted: Mon Jan 9 -- We are trying to find an efficient way to track Commissions for producers. As you know endorsements are added and people cancel etc...... JAM
Farmers - your opinion
Posted: Sat Jan 7 -- Thought I would keep this post alive, since Farmers is in a hiring frenzy due to a mass exodus of longtime agents, and I wish I would have... lonestar
Work Comp (CA) - 8015 Furniture - Wholesale with losses
Posted: Fri Jan 6 -- I need a Workers Comp market for 8015 Stores - Furniture - Wholesale or Retail. $156,000 in payroll. $500 loss with 18,000 in reserves.... InsureTime
My CPCU journey - almost finished.....
Posted: Fri Jan 6 -- Don't make that big of a deal out of CPCU, the tests are easy - just read the books and answer the questions. A lot of folks tend to over... gregsmith5
Do you purchase Damage Waiver when renting a car?
Posted: Fri Jan 6 -- BKCPU, you make a valid point. Different states have different policy forms, and not all states have the same tort / laws on the books(at... lonestar
Contingent Commissions question
Posted: Thu Jan 5 -- Recently I read an article on Contingent Commissions in a national publication. It stated something similar to this: 'Knowing that best... darnovak
Acord Forms: Difference between 90 and 290
Posted: Thu Jan 5 -- Hi - Here's a link to an article from the ACORD website that explains the reasons for stand-alone and sectional ACORD forms and the... MarkACORD

Reader Comments

Lawsuits Filed in Las Vegas Over Buttocks Surgery Death
Posted: Thu Jan 5 -- Hmmmm...you make an appt for a surgery and go into a tile store back room? What right-minded person wouldn't turn around and walk right back... Ins Guy
Insurer Sues Google in Alabama Over Unflattering Search Results
Posted: Fri Jan 6 -- So dumb...by suing Google you bring this negative attention public because of Google's profile. If they'd have just sued the websites for... George
President Obama Signs Pipeline Safety, Airport Security Bills
Posted: Thu Jan 5 -- Where do you get your information that he is prepared to greenlight Keystone? All he agreed to do is make a decision within 60 days. It is... The Other Point of View
Louisiana State Police Continuing Left-Lane Enforcement Efforts
Posted: Fri Jan 6 -- Thank you!! I'm so tired of the volumes of people who use the left lane as "distracted driving lane" instead of a passing lane. Perhaps they... Ins Guy

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Contractors / Subcontractors; Employment Practices Liability Insurance; 2012 Insurance Agents & Brokers Meetings / Conventions Directory
January 9, 2012

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