Daily Headlines: Monday, July 11, 2011

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Insurance Journal Daily Headlines
July 11, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

U.S. Hurricane Season Could Be Market Tipping Point: Marsh

Reacting to the recent spate of major natural catastrophes, insurers are being more selective in the capital they deploy and have in some ...

Federal Court Upholds Umbrella Insurer in Asbestos Coverage Dispute

A federal appeals court has agreed that Continental Insurance Co. did not have a duty to defend asbestos injury claims against the ...

States to Learn Details of Health Insurance Exchanges Today

States deciding whether to set up health insurance exchanges will get more information today when the Obama administration reveals more on ...

Federal Debt Negotiators Eye Limiting Health Insurance Tax Break

Limiting the tax break for employer-provided health insurance became a bargaining chip on Friday in congressional negotiations to beat an ...

Thompson Joins NAIC as Manager of International Relations Unit

The National Association of Insurance Commissioners (NAIC) has hired a former Capitol Hill advisor as manager of International Relations. ...

Ullico Casualty, Philadelphia Partner to Offer Surety to Union Contractors

Ullico Casualty Group, Inc. and Ullico Casualty Co. have formed a strategic alliance with property and casualty insurance carrier ...

From MyNewMarkets.com Berkley Creates Technology Underwriting Unit

The technology space will get a new market when Berkley Technology Underwriters begins writing new business early next year. Matthew Mueller...
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East

Group Gives Vermont High Insurance Ranking

A conservative think tank is giving the state of Vermont high marks for insurance regulation. The Chicago-based Heartland Institute says ...

Small Earthquake Felt in Eastern Maine

A small earthquake across Maine's Blue Hill peninsula prompted a handful of calls to law enforcement officials, but no damages were ...

Atchinson Named Head of PIAA

The Physician Insurers Association of America (PIAA) has named Brian K. Atchinson president and chief executive officer, effective August ...
Academy of Insurance Webinar: Five Claims Secrets No Lawyer Wants You to Know
Midwest

Big Pay Increase for Wisconsin Insurance Regulator Turned Consultant

A career state insurance regulator will receive a big pay raise to become a consultant to the Wisconsin Office of the Insurance ...

Insurance Investigators not Considered Critical in Minnesota Shut Down

The Ramsey County, Minn., judge overseeing state spending in the government shutdown has ordered continued funding for several Minnesota ...

Missouri Regulators Urge Insurers to Extend Flood Coverage

Missouri regulators are asking insurance companies to go beyond normal procedures to cover furniture, electronics and other belongings that ...
Academy of Insurance Webinar: Writing Lawyers Professional Liability Coverage
Southeast

Alabama Governor Names Insurance Market Study Commission

Alabama Gov. Robert Bentley has appointed 24 people to a panel that will examine the state's insurance market and suggest improvements. The ...

Paragon Joins ISU Network

Paragon of Columbus, Ga., has joined the ISU Network. With 30 years of experience, ISU Paragon is a full-service agency that services the ...
South Central

Insurer Questions Coverage for Jilted Football Player's Engagement Ring

A jilted professional football player has filed a lawsuit to compel the safe return of the $76,000 engagement ring he offered in a marriage ...

Texas Crash Victim Anti-Solicitation Bill Finally Becomes Law

Legislation that makes it a crime for lawyers or health professionals to solicit crash victims within the first 30 days of an accident has ...

Marsh & McLennan Agency Acquires Prescott Pailet Benefits in Dallas

Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., has acquired Prescott Pailet Benefits LP (PPB), a $6 ...

Louisiana Governor to Choose Adviser on Health Insurance Privatization

Three firms are vying to advise the Louisiana Gov. Bobby Jindal's administration on efforts to privatize a state worker health insurance ...

Frierson Named Young Agent of the Year by Texas Independent Agents

Matt Frierson, a partner at Pierson and Fendley Insurance Agency in Paris, Texas, was named the André P. Juneau Young Agent of the Year by ...
West

California Workers’ Comp Doctors Take Aim at State Fund Contract

A controversy in the California workers' compensation market over a revised provider contract threatens to erupt into an all-out legal ...

California Completes Majestic Insurance Transfer to AmTrust

California Insurance Commissioner Dave Jones announced on July 8 the "successful implementation" of a court-approved rehabilitation ...

Oregon Regulator Miller Joins National Insurance Producer Registry

The National Insurance Producer Registry (NIPR) has appointed Oregon Insurance Administrator Teresa D. Miller as a National Association of ...

MiniCo Adds Aspen American as Self-Storage Insurance Provider

Phoenix-based MiniCo Insurance Agency LLC announced that it has signed an agreement with Aspen American Insurance Co., a subsidiary of ...
International

U.S. Considers Removing All Tariffs for Poor Nations

The U.S. government said on Friday it is investigating the probable economic effects of eliminating all tariffs and quotas on goods from ...

Alterra Bermuda Approved for Reduced Collateral Status in New York

Alterra Capital Holdings Limited announced that the State of New York Insurance Department has approved Alterra Bermuda Limited "as an ...
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Insurance Journal Blogs

The walk uphill to school… both ways

I remember my mom and dad telling us stories growing up about how tough things were when they were our age.  My sisters and I would be ...

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Insurance Journal TV

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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

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
CA - Counselor Working with Foster Parents/Kids
Posted: Fri Jul 8 -- You might want to review the exclusion (the actual document) to see what it really says. Then you will know exactly what you are dealing... pita3333
Insuring vehicle owned by an estate
Posted: Fri Jul 8 -- If the car is owned by the Estate, they must also be listed on this policy and on any excess/umbrella, otherwise they are bare and you could... riskmgmtconsult
CA-Guaranteed Replacement Cost
Posted: Sat Jul 2 -- HO-411 Guaranteed Replacement Cost, affects Coverage A, B, C, and D limits. It's not exactly "unlimited" as the endorsement or some people... RKunz2
Agency Management Systems
Posted: Mon Jun 27 -- I've used AgencyPro for several years and love it. I do both direct and agency bill policies and the accounting works just fine for me. It... Marina

Reader Comments

Leadership Turnover, and Women Executives, Rule at Fireman's Fund
Posted: Thu Jul 7 -- Here's a company that has shattered the glass ceiling. I sincerely congratulate the entire female upper echelon of Firemen's Fund and wish... Woman Insurance Professional, CPCU, ARM, ASLI, AAM, SM
Amish Men Appeal Safety Lights Conviction to Kentucky High Court
Posted: Tue Jul 5 -- This is a very simple matter. Public safety rules requires the use of the triangle. If these individuals don't want to abide by the law that... Pat
Georgia Court Holds Store Liable for Fatal Crash After Beer Sale
Posted: Wed Jul 6 -- Based on the number of customers in the store, the clerk's duties, etc., it's unreasonable for the clerk to be held responsible for... SWFL Agent

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