Daily Headlines: Thursday, July 14, 2011

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Insurance Journal Daily Headlines
July 14, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

House Committee Approves Federal Workers’ Compensation Reforms

A House committee has advanced legislation updating the workers' compensation program for federal employees. The U.S. House Committee on ...

Paralyzed Chinese Gymnast Agrees to $10 Million Injury Settlement

A champion Chinese gymnast who was paralyzed in an accident at the 1998 Goodwill Games has reached a deal with insurance companies to cover ...

Hartford Hit with Q2 Catastrophe, Asbestos Losses

Hartford Financial Services Group Wednesday warned it will badly miss second-quarter expectations after severe losses on natural disasters ...

Baseball Teams Reviewing Stadium Safety After Fan’s Death

Major League Baseball Commissioner Bud Selig says teams are reviewing stadium safety following the death of a fan at a Texas Rangers game ...

Shareholders Sue Murdoch’s News Corp.

A group of News Corp. shareholders have sued the media conglomerate over a phone-hacking scandal at its now-closed News of the World ...

Lexington to Insure Expenses, Delays from Archaeological Findings

Lexington Insurance Co., a Chartis company, has introduced LexArchaeology – first party coverage for expenses and construction completion ...

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...
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East

Dad Files Suit in Pennsylvania Van Death

The father of a severely autistic man who died after being left alone in a hot van last year is suing a suburban Philadelphia care ...

Man Pleads Guilty to Torching Virginia Motel Twice

A former employee has pleaded guilty to setting two fires at a motel in Ashland, Virginia that caused $2 million in damage. Media outlets ...

S.H. Smith Adds Sullivan, Muller

Connecticut-based E&S broker S.H. Smith & Co. has hired Timothy Sullivan as vice president of its Massachusetts office and added ...
Academy of Insurance Webinar: Understanding and Explaining Ordinance or Law Coverage
Midwest

Minnesota Shut Down Impacting Alcohol Sales

Due to the government shutdown in Minnesota there's a chance pubs in that state might run out of beer. Alcohol supplies are dwindling, and ...

Michigan Woman Sues Man After Facebook Romance Fails

A suburban Detroit woman is suing a Washington state man for more than $8,000 in damages after a failed Facebook romance. Fifty-year-old ...

Illinois Lawyer Targeted in Trooper Worker’s Comp Investigation

Illinois' Attorney Registration and Disciplinary Commission has filed a complaint against a lawyer who represented a state trooper injured ...

7 Midwest Insurance Agencies Join SIAA

Strategic Insurance Agency Alliance (SIAA), a national alliance of independent insurance agents, announced it added 40 new member agencies ...

Hamilton, Abrams Appointed to Ohio BWC Leadership Team

Ohio Bureau of Workers' Compensation has appointed two veteran workers' compensation and insurance industry professionals to leadership ...
Southeast

North Carolina Senate Overrides Malpractice Bill Veto

The North Carolina Senate has rejected Gov. Beverly Perdue's opposition to a bill to limit certain damages for negligence victims in ...

Florida Says BP Oil Spill Victims Still Suffering

Nearly 15 months after the massive BP oil spill blighted the Gulf of Mexico and beaches across the southeast, Florida's top agriculture ...

Alabama Scientists to Study Tornado Outbreak, Warnings

Scientists at The University of Alabama in Huntsville are organizing a research program to better understand the deadly outbreak of ...

Radioactive Leak at South Carolina Nuclear Plant Being Investigated

Federal nuclear safety inspectors are investigating a radioactive waste leak at a Fairfield County, South Carolina nuclear power plant amid ...

Florida Woman Sues Bank for Declaring She Was Dead

A Florida woman says she's having numerous financial troubles because of a bank error that caused Chase Bank USA to declare her dead last ...
South Central

Okla. Commissioner Names Williams Insurance Professional of the Month

In a new effort to recognize members of the insurance industry for their contributions to consumers and community, Insurance Commissioner ...

Oklahoma Lawmaker Promotes Program for Distressed Homeowners

The clock is ticking on a federal program designed to assist distressed homeowners who have experienced a drop in income of at least 15 ...

SIAA Adds 3 South Central Agencies in June 2011

Strategic Insurance Agency Alliance (SIAA), a national alliance of independent insurance agents, announced it added 40 new member agencies ...
West

More Funds Sought for California Train Crash Victims

Members of California's congressional delegation are calling on a company to set aside substantially more money to compensate victims of a ...

Calif. Workers’ Comp Loss and Expense Payments Increase Nearly 3%

California workers' compensation insurer's loss and expense payments totaled more than $11 billion in calendar year 2010, according to ...

Calif. Assembly Passes Bill Requiring Helmets on Slopes

Skiers and snowboarders younger than 18 would have to wear a helmet on the slopes under a bill that has passed in the California Assembly. ...
International

Europe at Impasse on Greece, IMF Backs Investor Role

The International Monetary Fund joined Germany on Wednesday in pushing for private sector investors [presumably including the EU's ...

Insurers Seek Separation from Banks for Systemic Risk Regulation

U.S. insurance company trade groups have sent a letter to President Obama requesting his assistance with G20 leaders in efforts to de-link ...

Samsung Says Study Finds Workplace Isn’t Cause of Employees’ Cancer

A study commissioned by Samsung Electronics rejected assertions that employees may have been exposed to carcinogenic chemicals at its ...

Head of S&P Germany Rejects Euro Zone Criticism

Standard & Poor's hit back at criticism over the credit rating agencies' role in the euro zone debt crisis on Thursday, with its German ...

Lloyd’s Market Association Marks 10 Year Anniversary

Speaking on the tenth anniversary of the incorporation of the Lloyd's Market Association (LMA), its Chairman, Barnabas Hurst-Bannister, ...

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New Discussions in the Forums

United Specialty Insurance
Posted: Wed Jul 13 -- Has United Specialty ever been a Risk Rention Group or are they still a Risk Retention Group? Seems like I saw a policy sample approximately... trotter
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
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
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

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
Insurer Questions Coverage for Jilted Football Player's Engagement Ring
Posted: Mon Jul 11 -- If she did not want to marry him, she should have returned the ring and the money. that simple. In essence, she is a user. Vickiellen
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
Georgia Court Holds Store Liable for Fatal Crash After Beer Sale
Posted: Thu Jul 7 -- "...a convenience store will often have an opportunity to observe how the customer arrived and will depart and thus may know if a customer... Bill
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

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