Wednesday 18 January 2012

Daily Headlines: Wednesday, January 18, 2012

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Insurance Journal Daily Headlines
January 18, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Aon's Warriors Bring Military Values to Managing Global Risks

When the phone rings in the Crisis Management Operation Center within Aon Corp.'s headquarters in Chicago, it's typically not someone ...

Walmart Seeks End to Refiled Gender Bias Lawsuit

Women who refiled a gender discrimination lawsuit against Walmart Stores Inc. have failed to come to grips with the landmark U.S. Supreme ...

Deloitte Advice for Insurers in 2012: Focus on New Products, Countries

Global economic challenges will make it difficult for insurers to generate growth and profits over the short and long term, however, they ...

Supreme Court Won’t Hear FINRA Immunity Case

The U.S. Supreme Court declined to hear an appeal of a ruling that the Financial Industry Regulatory Authority (FINRA) had immunity from a ...

E&S Insurance Execs Have Heads Shaved for Good Cause

Eight surplus lines insurance industry executives had their heads shaved bald this past Monday night in front of a cheering crowd in Las ...

Who's Worth What in the Independent Agency System? Find Out … Join IJ's Survey

Insurance Journal is polling insurance agents and brokers nationwide in its annual search to find out who's worth what in the independent ...

Liberty Mutual Adds Crisis Management Endorsement

Liberty Mutual Insurance has added a crisis management endorsement to its new commercial lead umbrella policy form to help protect ...

From MyNewMarkets.com Insurers Say Flexibility Needed to Keep Up with Green Tech Risks

It's almost impossible to go a day without hearing something about green technology. It's on the news and on television commercials and...
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East

Chartis Realigns Its Global Business Units

Chartis said it is streamlining its geographic structure to add greater focus on its growth economies initiatives. Under this realignment, ...

New Yorkers Recovering From Italy Ship Ordeal

Four New Yorkers are safe following their evacuation from the cruise ship that ran aground in Italy. Joan, Brian and Alana Aho of ...

More Than $25.2M in Virginia Quake Aid OK’d

More than $25.2 million in federal disaster aid has been approved to help residents, businesses and local governments in Virginia recover ...

Virginia Man Accused of Faking Death to Get Insurance

A Virginia man has been charged with faking his death to collect on a $750,000 life insurance policy. A federal grand jury indicted ...

Marsh & McLennan Appoints AIG Exec Portalatin as CEO of Mercer Unit

Marsh & McLennan Companies appointed insurance veteran Julio Portalatin as CEO of Mercer, MMC's human resource consulting subsidiary. His ...

Swett & Crawford Appoints Transportation Underwriter in Pennsylvania

Wholesale intermediary Swett & Crawford appointed David Pohle as Media, Penn.-based transportation underwriter for its transportation ...
New from Insurance Journal Academy: The Real Effects of Granting Additional Insured Status - presented by author and expert Chris Boggs
Midwest

Report: Joplin Might Not Have Debt From Tornado

A new report says the city of Joplin, Mo., might not end up with any debt related to the May 22, 2011, tornado. The report from the city ...

Kansas Governor’s Budget Includes Disaster Relief Funds

Gov. Sam Brownback is proposing that Kansas create a special fund to help cover the costs of recovering from natural disasters. The measure ...

Schubmehl Joins Swett & Crawford Chicago as Property Broker

Farrah Schubmehl has joined the property practice group in Swett & Crawford's Chicago office to broker a broad range of specialty ...

Dada-Olley Is New Deputy Counsel at Illinois Workers’ Comp Commission

Lola Dada-Olley has joined the Illinois Workers' Compensation Commission as deputy counsel. Dada-Olley prior work history includes a ...
Southeast

Florida’s Citizens Eyes Risk Transfer While Lawmakers Plot Changes

Florida's  largest homeowners' insurer has set the goal of moving at least $1 billion in risk back to the private capital markets while ...

5 Amish Children Escape Injury in Kentucky Buggy Accident

An Amish teen has been cited for not displaying a safety triangle after a sport utility vehicle hit a buggy carrying five children. There ...

Mississippi Handling 20 Cases of Teacher Misconduct with Students

Eight Mississippi educators have surrendered their licenses after being notified that they had violated a state standard against sexual ...

West Virginia Lawmakers’ Personal Tragedies Spur Mine Safety Bill

For two West Virginia lawmakers who lost fathers in coal mining accidents, preventing disasters like the 2010 Upper Big Branch explosion ...

Settlements in Louisville Zoo Train Derailment Top $500K

Louisville Metro Government has paid more than $525,000 to settle 23 claims stemming from a train derailment at the Louisville Zoo in 2009. ...
South Central

Insurance Settlement Boosts Gains for McMoRan in Q4 2011

New Orleans-based independent petroleum producer McMoRan Exploration Co. posted a fourth-quarter profit on higher oil prices and a ...

ACE Promotes New Orleans-Based Execs in Aerospace Insurance Units

The ACE Group announced new leadership appointments in its Aerospace insurance operations. Stephen Dinsdale has been appointed chairman, ...

Texas Windstorm Insurer Names New Controller and VP of Claims

The Texas Windstorm Insurance Association (TWIA) recently named Pete Gise as controller and David Williams as vice president of claims. As ...
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West

Police in Colorado Warn Of Automobile Converter Thefts

Boulder, Colo. police are warning car owners that thieves are targeting catalytic converters. Police say the small boxes attached to the ...

Health Insurers in Arizona Face Federal Scrutiny

Health insurance companies in Arizona are facing scrutiny from Washington as federal authorities have taken over reviews of rate increases ...

100 Firefighters Extinguish $1.5M Industrial Blaze

It took more than two hours for Southern California firefighters to extinguish a $1.5 million blaze in an Agoura Hills industrial complex. ...

Fire Causes $600,000 Damage at California School

A fire at a San Diego, Calif. elementary school has caused an estimated $600,000 in damage. Classes have been canceled Tuesday at Alice ...
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International

Swiss Re Report Examines Insurance Role in Earthquake Disasters

Swiss Re's new report - "Lessons from recent major earthquakes," focuses on the most recent series of devastating quakes, which have ...

IUA to Compile New Statistical Analysis of the London Insurance Market

The International Underwriting Association announced a number of new initiatives to enhance and expand its statistics for the London ...

XL Appoints Salamanca CEO of Mexico Insurance Operation

The insurance segment of the XL Group plc has appointed Alvaro Salamanca as CEO of its operation in Mexico, effective immediately. He will ...

Ratings Roundup: Dah Sing, Kiln, Ghana Re

A.M. Best Co. has withdrawn the financial strength rating of 'A-' (Excellent) and issuer credit rating of "a-" of Bermuda-based Dah ...
Insurance Journal Blogs

Is Print Advertising Dead? Definitely Not!

In an ever-changing world of technology, Internet and social media, many business owners struggle with the validity of print vs online ...

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How Insurance Distribution Is Changing

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New Discussions in the Forums

Workers comp for janitorial services
Posted: Wed Jan 18 -- You can try First Comp-Markel if they have less than 20k payroll. If over 20k Tower has some decent rates for 9008 new venture guys. EricCBIAIns
Farmers - your opinion
Posted: Wed Jan 18 -- Lonestar leads me to believe you are from or in Texas so I am sure it hits a little closer to home but what you were referring to with your... dm307799
Study tips for the California Life Agent Exam
Posted: Tue Jan 17 -- How? hawnbiz
My CPCU journey - almost finished.....
Posted: Tue Jan 17 -- Thanks KD, I may consider submitting my story when the time comes. I have an update - I'm now just one class away from being done. I took... bjwestner
Tracking Producer Comission
Posted: Tue Jan 17 -- JAM, If tracking these commissions is close to a full-time job, then as Island Girl Agent mentioned, it is time to look at an agency... JasonBHBCo
Work Comp (CA) - 8015 Furniture - Wholesale with losses
Posted: Sat Jan 14 -- Chartis is a good start. Also First comp might look at it. JAM
Back Into Insurance
Posted: Thu Jan 12 -- Kevin, you're sounding like you want back into the corporate world with salary, benefits and the mentioned 401K. If that's the case, you're... d's insurance store
Insurance agency Clusters
Posted: Thu Jan 12 -- What is the city location of your agency. What is your average size busiess book How long of you been an agent / borker? Sanddog sanddog1

Reader Comments

2-Year Term for Texting Driver in Fatal Oregon Crash
Posted: Fri Jan 13 -- Another reason our legal system sucks. Getting busted with weed draws a longer sentence. This jackass showed total disregard for life when... Jester
Murderer, Fake FBI Agent, Amateur Arsonist Enter Insurance Fraud Hall of Shame
Posted: Tue Jan 17 -- Some of these are unbelievable for their stupidity. I can't believe the one on the $163 Million scam of Medicare and they get only 3 years... Amazed
Illinois Officials Report Drop in Tollway Usage After Fee Hike
Posted: Thu Jan 12 -- It's a crime that they hike the prices up almost double. That's the state of Illinois for you! Crooks! Chris
Judge Allows Suit Alleging GE Misled Investors
Posted: Fri Jan 13 -- Why am I not surprised about this? Jeffrey Immelt is the poster child for corporate corruption. GE Capital received a lot of TARP funds when... Amazed
Florida Workers' Compensation Rate Hike Irks Businesses
Posted: Tue Jan 17 -- If you own a business in Florida, you realize that workers comp is very hard to buy. When there is a legitimate reason for an increase that... earlybird

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