Thursday 9 February 2012

Daily Headlines: Thursday, February 9, 2012

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

Today's Headlines

National

Have Insurers Lost the Capacity to Run an Underwriting Profit?

We frequently hear people ask, "When is the next hard market going to come?" And by that they typically mean double-digit increases in ...

Liberty International Underwriters Launches Cyber Liability Products

Agents and brokers have three new options for technology risks from Liberty International Underwriters (LIU). The specialty lines division ...

ACE Enhances Tank Coverage

The ACE Group has improved its tank coverage by streamlining environmental coverage for owners and operators of aboveground and underground ...

Holdout States Expected to Join Mortgage Bank Deal

California and New York, two key holdout states for a multi-state mortgage settlement, are expected to join the deal, smoothing the way for ...

Beazley Simplifies D-O Purchases for U.S. Multinational Companies

Beazley Group plc has introduced Beazley Bridge, a product that will allow U.S. multinational companies to cover executives outside the ...

NAS Unveils Network Security and Privacy Program for Schools

NAS Insurance Services has started offering NetGuard Plus writeNOW! For Schools. The product provides network security and privacy ...

From MyNewMarkets.com Insurance Availability for Obesity Surgeons Could Thin

One of the riskiest medical procedures is bariatric surgery, which is designed to help very obese people lose weight. Insuring these...
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East

Vermont Would Allow 'Bronze Plan' to Encourage Health

Vermont Gov. Peter Shumlin and legislative leaders said this week they wanted to make it possible for more of the state's small businesses ...

90 D.C. Workers Face Firing for Unemployment Fraud

About 90 District of Columbia workers have been suspended and may be fired after officials determined they received unemployment checks ...

Pennsylvania Woman Gets Probation for Fake Cancer Claims

A Pennsylvania woman who submitted nearly $100,000 worth of fake cancer treatment insurance claims for herself and her husband must repay ...

New York Presses Citi Unit on Force-Placed Insurance Probe

New York regulators urged Citigroup Inc.'s mortgage unit on Wednesday to stop resisting and comply with a subpoena related to an ...
New from Academy of Insurance: Secrets of Condos Property / Liability
Midwest

United Heartland Names Miller Director of Corporate Underwriting

New Berlin, Wis.-based United Heartland has appointed Mary Miller as director of corporate underwriting. Miller recently joined United ...

Ohio Lawmakers Hear Workforce Message in Governor's Address

Republican legislative leaders say they took away from Gov. John Kasich's State of the State speech a renewed focus on bolstering training ...

Nebraska Cattle Liability Bill Set for Hearing

Motorists who strike livestock on Nebraska roads could have a tougher time winning negligence lawsuits against farmers and ranchers, under ...
Southeast

West Virginia Lawmakers Urged to Hold Mine Operators Accountable

West Virginia must hold coal operators accountable for any negligence or misconduct to prevent another Upper Big Branch, the worst U.S. ...

Georgia's Warm, Dry Weather Could Bring Busy Wildfire Season

With forecasters predicting an early spring in southeast Georgia, forestry officials are gearing up for what could be an early start to a ...

Florida Insurance Commissioner: 'This is the Year for PIP Reform'

Roughly half way through Florida's legislative session, state Insurance Commissioner Kevin McCarty expressed optimism that state lawmakers ...

Florida's Agency Harbor Acquires Fidelity Insurance Associates

Harbor Insurance Agency as part of its plan to expand its market has purchased Fidelity Insurance Association. Both agencies are located in ...

W.Va. Governor Issues Flood Disaster in Jackson County

Gov. Earl Ray Tomblin has declared an agriculture flood disaster in Jackson County stemming from heavy rains in late November. The ...
New from Academy of Insurance: Builders Risk / Contractors Equipment
South Central

FEMA to Waive Katrina Victim Debts

The Federal Emergency Management Agency is implementing a plan to waive debts for thousands of victims of Hurricane Katrina and other ...

Oklahoma Public Safety Officials Seek More Funding

Following three years of budget cuts, Oklahoma's public safety officials told lawmakers their budgets need a boost to restore workforce ...

Strategic Insurance Agency Alliance Adds 4 South Central Agencies

Four South Central independent insurance agencies joined the Strategic Insurance Agency Alliance in January. The new agencies are: Iron ...
West

Northern California-based ISU Network Expands In Three States

The San Francisco, Calif.-based ISU Network on Thursday announced expansions in three states, North Carolina, Maryland and North Dakota. ...

ISU Expands In Utah

Three Utah agencies have joined the San Francisco, Calif.-based ISU Network. ISU Service Insurance Agency in Roosevelt, Utah and ISU Rocky ...

Arizona Senate Panel Votes to Bar 'Wrongful Birth' Lawsuits

A Senate panel voted 3-2 to overturn an Arizona Supreme Court to rule that set a precedent in "wrongful birth" lawsuits. The panel said ...

Space Flight Liability Bill Grounded In New Mexico

Members of the New Mexico House and Senate have likely shelved for this session an effort to exempt spacecraft manufacturers from legal ...

Thoits in Northern California Adds Tillotson to Employee Benefits Practice

San Jose, Calif.-based Thoits Insurance Service Inc. has named Bernie Tillotson senior vice president of employee benefits. Tillotson ...

Professional Program Insurance in Southern California Taps Striniste

Professional Program Insurance Brokerage of Novato, Calif. has hired Jay Striniste in the underwriting department. Striniste will be a ...

McDermott Joins Champion Risk in Southern California

Del Mar, Calif.-based Champion Risk & Insurance Services L.P., an affiliate of Wood, Gutmann & Bogart Insurance Brokers, has hired ...
International

Hopes Fade for Dozens Buried in Philippines Quake

Philippine officials conceded Wednesday that there was little hope of finding any survivors among 71 people still buried in landslides set ...

ING to Split Investment Unit from Insurance Sale

ING has decided to split the sale of its Asian insurance business by auctioning its investment management business separately, a source ...

Aon's New 'Political Risk Map' Focuses on 'Arab Spring'; Global Threats

Aon's latest "Political Risk Map" focuses on the implications of the uprisings in the Middle East, collectively referred to as the "Arab ...

Freezing European Weather May Last to End of February

The worst February cold spell Europe has seen in decades may last until the end of the month, leading meteorologists said, raising the ...

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New Discussions in the Forums

Farmers vs. Independent
Posted: Wed Feb 8 -- As a lifelong independent agent, I am fascinated by this discussion. I must say that Zurich does not leave its independents totally... ins-atty
Need Market for a Local Musical Group in CA
Posted: Wed Feb 8 -- Hi Everyone, I'm an agent in CA and need coverage for a local band going on tour across the United States starting February 17th and ending... SFOInsuranceLady
Should An Agency Specialize or have a Niche?
Posted: Tue Feb 7 -- From an E&O perspective! ... dm307799
Do you recommend bonds or crime insurance?
Posted: Mon Feb 6 -- And this is a great reason why bonds must be considered over crime insurance. chizcurlz
Online Insurance and Leads
Posted: Mon Feb 6 -- Even if you have lots of leads but your conversion rate is still low, this doesn't sound good. You should work more on your marketing... chizcurlz

Reader Comments

Talk of 'Tornado Tourism' Stirs Anger in Joplin, Missouri
Posted: Thu Feb 2 -- People go to the site of the twin towers, to Pearl Harbor, to Gettysburg, the Alamo etc. So Joplin is somehow more sacred? Tourism that is... bob
Chubb Sues Actress Marisa Tomei Over $129K Damage in NYC Apartment
Posted: Mon Feb 6 -- Marisa Tomei is quite possibly the hottest woman ever to walk the face of the Earth. She should be able to damage whatever she wants... Hillsborough agent
Pfizer Recalls 1M Birth Control Packs After Mixup
Posted: Thu Feb 2 -- I can see it now - wrongful birth suits. Lauren CIC ARM
Judge Allows South Carolina Company's Twitter Lawsuit Against Employee
Posted: Thu Feb 2 -- Yeah what basically happens is the companies dont see the value in social networking until one of the sales reps uses it successfully on... FLagent/insured
Federal Insurance Office Says Overdue Regulation Report Still Weeks Away
Posted: Thu Feb 2 -- We, as agents will really appreciate Turbo Tax Tim in charge of regulation of the Insurance Industry. Just what we need, more bureaucracy to... Agent

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Current Issue
Main Street America: Insuring America's Small Businesses - Their Owners; Errors - Omissions; Nonprofits, Social Services - Public Entities
February 6, 2012

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