Daily Headlines: Friday, July 15, 2011

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Insurance Journal Daily Headlines
July 15, 2011
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Today's Headlines

National

How Health Insurance Premiums Vary by State

Nationwide, private-sector employees with single coverage contributed 21 percent of the cost of their health insurance and employees with ...

RIMS Approved as Accredited Standards Organization

The Risk and Insurance Management Society, RIMS, said  it has been approved as an accredited standards development organization by the ...

Which U.S. Metro Areas Are Most Able to Withstand a Disaster?

Which U.S. metro region is most likely to come out of the next economic recession, natural disaster or other regional "shock" ...

Marsh Names Barber to New Role in U.S. Property Practice

Insurance broker Marsh has named Ryan A. Barber to the newly created role of head of Industry Specialization within its U.S. Property ...

From MyNewMarkets.com E&O for Insurance Agents, Adjusters: Are they More Vulnerable with Coverage?

Agents and adjusters have completely different roles in the insurance industry. But as intermediaries between insurance companies and their...
Sponsored by: The National Alliance for Insurance Education and Research. Get Insurance Answers Before Your Clients Ask Questions. Prepare for Insurance Risk Before it Happens. Click here for more information.
East

Obama Declares Disaster from April Storms in Pennsylvania

President Obama has issued a disaster declaration for the severe storms and flooding that struck northeastern Pennsylvania last spring, ...

Delaware Court Sides with DuPont in Asbestos Case

A divided Delaware Supreme Court has ruled against the wife of a former DuPont Co. worker in an asbestos exposure case. The court ruled ...

Dawson Joins Swett & Crawford in New York

Wholesale broker Swett & Crawford has added Ricky Dawson to its casualty staff in New York. Dawson, who has a background in both ...
Midwest

Federal Bill Offers Break for Properties in Certain Flood Zones

Overseers of levees in southwestern Illinois welcomed the advance of a federal measure that could give thousands of property owners up to a ...

Wide Range of Ideas Proposed for Rebuilding Joplin, Missouri

Many Joplin, Mo., residents want the city that emerges after rebuilding from the May 22 tornado to include sidewalks, underground ...

Flooding a $1 Billion Headache for North Dakota

The commander of the North Dakota National Guard says flood-related costs in the state are expected to top $1 billion. Maj. Gen. David ...
Southeast

Florida Governor Likes Idea of Privatizing State’s Citizens Insurance

Florida Gov. Rick Scott quickly embraced a suggestion this week by the board chairman of the state-backed Citizens Property Insurance Corp. ...

Florida Seeks Insurance Broker for $1.3 Billion SunRail Project

After surviving three governors and numerous legislative sessions, Florida's SunRail commuter rail project that will tie together the city ...
South Central

Domino’s Sued After Texas Deliveryman’s Death

Domino's is being sued by the widow of a Texas employee who died a year after being robbed and beaten with a baseball bat by teens who ...

Ron Patterson Agency Joins SBMP Agency Network

Ron Patterson Insurance Agency Inc., located in Richardson, Texas, has joined SBMP Inc., a network of independent insurance agencies ...

RISC Adds Admitted Program for Demolition Contractors

Dallas-based RISC has introduced Demolition Select, a new admitted insurance program for demolition contractors nationwide. The program ...
West

What Does Insurance Industry Contribute to California’s Economy?

The overall insurance industry accounts for more than 234,000 jobs in California with a payroll of $16.8 billion, a new report finds. Also, ...

Report Finds Washington Health Care Workers Often Victims of Violence

The most violent job in Washington state isn't being a police officer or a security guard. It's working as a nurse's aide. Seattle public ...

Fourth Abuse Suit Filed Against Washington Diocese

An Oregon man has filed suit in federal court against the Roman Catholic Diocese of Yakima, Wash., alleging he was abused as a teen by a ...

Idaho Insurance Regulator Jumps to Industry

One of Idaho's top insurance industry regulators is jumping to private industry, where he'll be the top lobbyist for Regence BlueShield of ...

Insurance Charitable Foundation Supports 10 More California Groups

The Insurance Industry Charitable Foundation (IICF) Western Division has awarded $52,415 in community grants to 10 non-profit ...

Utah Parents Sue Police, City Over Son’s Shooting Death

A West Valley City, Utah couple is suing police, claiming officers used excessive force in the 2010 shooting death of their son. Etta and ...
International

Magnitude 5.5 Quake Jolts Eastern Japan

An earthquake with a preliminary magnitude of 5.5 jolted the Tokyo area on Friday, the Japan Meteorological Agency reported. There were no ...

Commission Allows Group to Buy AIG Taiwan Unit

Taiwan's Financial Supervisory Commission says a local conglomerate has met conditions the commission stipulated in June to purchase AIG's ...

Murdoch’s Bow to Pressure; Will Attend UK Parliament’s Investigation

Rupert Murdoch on Thursday caved in to pressure from Britain's parliament to answer questions over alleged crimes at one of his newspapers, ...

Willis’ ILS Report Sees Increased Investor Interest in Cat Bonds

A new report from Willis ILS - Investors Eager for Cat Bonds Following Light Second Quarter Issuance – concludes that, despite, or ...

Best Affirms Lloyd's of London’s ‘A’ Ratings

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of 'A' (Excellent) and issuer credit rating (ICR) ...

Europe’s PERILS Expands Coverage to Norway, Sweden

PERILS, the independent Zurich-based company that provides industry-wide catastrophe insurance data, announced that it has extended its ...

Best Sees No Rating Revisions on Validus from Transatlantic Bid

A.M. Best Co. has commented that the financial strength rating of 'A-' (Excellent) and issuer credit rating (ICR) of "a-" of ...

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Growing Opportunities for Insurance Industry's Women

Although men still outnumber women in the property/casualty insurance industry, there are many...
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Consolidation Nation

The big state agency that oversees insurance producers in New York State will soon become a...

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New Discussions in the Forums

Selling An Agency
Posted: Fri Jul 15 -- What is the best way to sell an agency? Does anyone have any suggestions regarding selling services/business brokers? If you use a business... Geckos
Condo Associations
Posted: Thu Jul 14 -- In CA its Farmers with the coverages, the capacity and the price for HOAs. They fold in virtually everything and can provide ultrahigh... doyourhomework
Motorcycle Rental Coverage
Posted: Thu Jul 14 -- OK Boy's and Girls.......... A local business man and homeowner wants to rent a Harley with friends on occasion. He does not own a... Miguelito
Chicago IL area insurance agencies who sell TRAVEL Insurance
Posted: Wed Jul 13 -- If you are a member of the Independent Insurance Agents and Brokers of America (IIABA) then you could access a market through BIG I Markets... jtownagent
National Agents Alliance? Legit or Keep Away?
Posted: Sat Jul 9 -- I just had a very nice meeting with an NAA rep. Guy was very straight forward and didn't try to sell me on anything. I was pretty... slushpuppyking

Reader Comments

Agents Question GM Free Car Insurance Deal With MetLife Auto
Posted: Tue Jul 12 -- Question to so called Realist, How doe's insurance regulators of two states become Obama's problem. Do you know the difference between State... Raider Fan
Florida Student Given Alcohol by Teacher Sues School Board
Posted: Tue Jul 12 -- Good notice Compman. In a related story, Meredith Witt will be suing the parents of Dylan Ferguson for allowing Dylan to accept the alcohol,... Foster Brookes
Insurer Questions Coverage for Jilted Football Player's Engagement Ring
Posted: Mon Jul 11 -- I believe Roy Williams' 2010 base salary was $3,452,000 or $3.452 million dollars. So he basically spent 2.2% of his salary on an engagement... Flag Day
LaRocco Out at Fireman's Fund; Fouché Named CEO
Posted: Mon Jul 11 -- Interesting - Did they "give" the position to Ms.Fouche because she is an African American female or did she earn that honor through her own... sips

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