Daily Headlines: Tuesday, July 12, 2011

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Insurance Journal Daily Headlines
July 12, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Don’t Kill Flood Insurance Program, Insurers Tell Congress

Closing the federal flood insurance program would put millions of homeowners at risk and cost taxpayers billions of dollars, insurers are ...

BP Accused of Trying to Limit Gulf Oil Disaster Claims

Authorities will keep up pressure on BP Plc to ensure it fully compensates victims of last year's Gulf of Mexico oil spill, Florida ...

Judge Trims Toyota Investors’ Legal Claims

A federal judge in California has pared back a lawsuit accusing Toyota Motor Corp. of inflating its stock price by concealing problems with ...

Cigelnik Joins Insurer Trade Group PCI

The trade group Property Casualty Insurers Association of America (PCI) has hired Randi Cigelnik as its new senior vice president, ...

AIMU Updates Pollution Exclusion Clause, Buy-Back Endorsement

An amended pollution exclusion clause and buy-back endorsement which retains original coverage while modernizing and clarifying wording has ...

Marsh Launches Coverage for Foreign Corrupt Practices Act Investigation Costs

Marsh has created a new form of insurance protection designed to provide coverage for Foreign Corrupt Practices Act (FCPA) investigations. ...

States Given Flexibility on Health Insurance Exchanges

The Obama administration proposed a framework for health insurance exchanges that gives states great flexibility in how and when they set ...

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

HUB Acquires N.H. Benefits Firm

Hub has acquired the assets of Workplace Benefit Solutions (WBS) a Manchester, New Hampshire-based employee benefit brokerage and ...

ProMutual Group Appoints Lunn

Boston-based ProMutual Group appointed Jeff Lunn as senior strategist for health care. He previously served as a senior marketing ...

M&M Insurance Services Joins the ISU Network

M&M Insurance Services of Marine Park, N.Y., has joined the ISU Network. ISU M&M Insurance Services will continue to represent real ...
Academy of Insurance Webinar: Writing Lawyers Professional Liability Coverage
Midwest

Midwest Agents Say FEMA Creating Flood Insurance Confusion

Insurance agents in states along the swollen Missouri River basin say federal officials are causing widespread confusion among property ...

Demise of Missouri Medical Malpractice Bill Raises Ethics Questions

Ethics questions are being raised over a Missouri state senator's handling of a medical malpractice insurance bill. The Kansas City Star ...

Southwest Kansas Economy Could Take a Hit From Drought

Crop losses linked to severe drought conditions are expected to take a toll on the economy in southwest Kansas. The Garden City Telegram ...
Academy of Insurance Webinar: Five Claims Secrets No Lawyer Wants You to Know
Southeast

Another 19 Georgia Flood-Damaged Houses Slated for Demolition

Austell, Georgia Mayor Joe Jerkins says the demolition of 19 flood-damaged homes purchased by the city could begin later this month. The ...

Florida Student Given Alcohol by Teacher Sues School Board

A central Florida high school student is suing the school board, claiming officials should have intervened before his teacher gave him ...
South Central

Greig Joins Third Coast Underwriters as Sr. Claims Examiner in Gulf Region

Third Coast Underwriters, a specialty markets operation that offers workers' compensation insurance for underserved markets that have ...

Oklahoma Insurance Department Revokes Agent's License

The Oklahoma Insurance Department has revoked the license of an insurance producer after the individual pleaded to a crime related to the ...

Texas Independent Agents Name Tower ACSR of the Year

Carol Tower of the Malakoff Insurance Agency was named the ACSR of the Year. Tower, an ACSR specializing in personal lines, has been ...

Texas Enforcements for May Include Nearly $218K in Fines, Restitution

Enforcement actions taken by Texas Insurance Commissioner Mike Geeslin that became final during May 2011 include six license revocations, ...
West

Agents Question GM Free Car Insurance Deal With MetLife Auto

Independent insurance agents are raising concerns over a General Motors promotion that offers car buyers in the Pacific Northwest a year of ...

Nonresident Workers in California Are Subject to California Overtime

California's overtime requirements apply to work performed in California by non-residents, the state Supreme Court has decided, effectively ...

Calif. Commissioner Pegs $32M to Fight Workers’ Comp Insurance Fraud

California Insurance Commissioner Dave Jones has announced nearly $32 million in grants have been awarded to district attorneys across the ...

Zurich Relocates SoCal Office to Los Angeles

Zurich North America has relocated its Southwest Regionalal office in Glendale, Calif., to downtown Los Angeles. The move affects roughly ...
International

Catastrophe Costs Will Set Record: Munich Re

The total costs associated with natural catastrophes will reach a record this year after an earthquake in Japan pushed first-half losses to ...

EU Court Says eBay May Be Liable on Trademark Abuse

Internet auction marketplace eBay may have to take more responsibility over what is sold via its website or it could be sued for trademark ...

Allianz Global Corporate & Specialty Confirms New London, U.S. Execs

Allianz Global Corporate & Specialty (AGCS) has confirmed new CEOs from within its existing management team for two of its most ...
Academy of Insurance Webinar: Understanding and Explaining Ordinance or Law Coverage

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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

Insuring vehicle owned by an estate
Posted: Mon Jul 11 -- Actually, most private passenger auto policies include the following as to who is "insured": "For "your covered auto", any person or... yoyowordup
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
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
Georgia Court Holds Store Liable for Fatal Crash After Beer Sale
Posted: Wed Jul 6 -- Excuse me but they dont pay those folks enough to tussel with an intoxicated person over whether to sell them alcohol or not. FLagent/insured
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

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