Tuesday, March 5, 2013

Daily Headlines: Tuesday, March 5, 2013

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Insurance Journal Daily Headlines
March 5, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Facebook CEO, Directors Face New Lawsuit Over Last Year's Troubled IPO

A Facebook Inc. shareholder filed a lawsuit over the largest social networking company's botched initial public offering and is seeking to ...

This Class Action Lawsuit's for You, Budweiser

The maker of Budweiser is using splashy newspaper ads to poke fun at a lawsuit that alleges its beer is watered down. In full-page ads in ...

Best Affirms Hartford and Subs Ratings; Downgrades Hartford Life Companies

A.M. Best Co. has removed from under review with negative implications and downgraded the financial strength ratings (FSR) to 'A-' ...

Garagekeepers Sometimes Lags in the Auto Repair Shop

The neighborhood auto repair shop or local gas station might seem to be an easy risk to insure. But there are a few misunderstood coverages ...

Commentary: Agents Act Now on Healthcare Reform

For agents and brokers, 2013 is a relatively quiet period related to Affordable Care Act requirements. However it should be a busy time for ...

Ironshore, Lexon Surety to offer Surety Bonds in U.S.

Ironshore Inc. and Lexon Surety Group have completed the first stage of a new strategic alliance in the surety market.  Lexon writes over ...

Firms Saw Rise in Lawsuits, Regulatory Investigations in 2012: Survey

Companies in the United States and United Kingdom dealt with more litigation last year, while regulatory investigations reached a five-year ...

Bond Insurer MBIA Wins Dismissal of Bank Claim Over Restructuring

MBIA Inc. on Monday won the dismissal of a lawsuit by Bank of America Corp. and Societe Generale SA challenging its 2009 restructuring, ...

From MyNewMarkets.com New MarketScout Venture Aids Industry in Navigating High-Net Worth Segment

"For quite some time, insurance companies have recognized that high net worth personal lines is a unique and different segment of the...
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East

Connecticut Workplace Injury Cases Up 11% to 50,600 in 2011

The U.S. Department of Labor says the number of workplace injuries in Connecticut jumped 11 percent in 2011 over the previous year and that ...

Connecticut Homeowners Face Stark Choices After Sandy

Jackie Beagon loved her life along the Connecticut coast, where she and her husband walked to the beach and church and bicycled around the ...

Heffernan N.Y. Branch Hires Vice President, Professional Lines Practice

California-based Heffernan Insurance Brokers recently hired Brian Leidell to join its New York City office as vice president, professional ...

OSHA Orders Norfolk Southern to Pay 3 Workers

The Occupational Safety and Health Administration has ordered Norfolk Southern Corp. to pay more than $1 million to three workers who were ...
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Midwest

Arthur J. Gallagher & Co. Acquires Metzler Bros. Insurance

Insurance broker Arthur J. Gallagher & Co. has acquired Metzler Bros. Insurance of Kansas City, Mo. Terms of the transaction were not ...

Lockton Adds Budworth, Ruback as VPs, Account Execs in Chicago

Lockton Cos. appointed Mary Anne Budworth and Amanda Ruback as vice presidents and account executives in Chicago. Budworth has more than 19 ...

2012 North Dakota Crops Valued at Nearly $11B

The value of crops produced in North Dakota last year totaled almost $11 billion, nearly doubling the $6 billion value of crops produced ...

Enbridge Declines to Pay for 2 More Spill Studies

A company responsible for a 2010 pipeline rupture that spilled more than 800,000 gallons of oil into a southwestern Michigan river has ...
Southeast

House, Debris Being Removed from Florida Sinkhole That Swallowed Man

Authorities hope to get a better look at a sinkhole that swallowed a man in his Florida home after demolition crews finish knocking down ...

From Rubble to Renewal: Kentucky Town Responds to Last Year's Tornado

Tax preparer Betty Helton no longer meets her customers at a park bench in this tornado-ravaged Appalachian town. Hungry customers are back ...

Bankers Insurance Group Acquires AIX Florida Policies

Bankers Insurance Group has reached an agreement with AIX Group to acquire its Florida policies as part of a strategy to increase Bankers' ...
South Central

Bill Proposing Property Assigned Risk Plan Filed in Texas

A bill has been filed that would drastically change the structure and/or funding for Texas' insurer of last resort for wind and hail along ...

Rehnberg Joins Argo Group as President, U.S. Operations

Argo Group International Holdings Ltd. announced Kevin J. Rehnberg has been selected to head its U.S. operations. He is based in Argo's San ...

Toffoli, Ruiz and Jones Join Access Home Insurance Co.

Baton Rouge, La.-based Access Home Insurance Co. (Access Home) announced that Michael Toffoli, Rusty Ruiz and Kerri Jones have joined the ...
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West

Aon Names Five in Northern California Office

Aon Risk Solutions, the global risk management business of Aon plc, made several additions to its San Francisco, Calif. office. Aon ...

Lockton Adds Two Executives To Arizona Employee Benefits

Jacob Brown and Jim Stabilito will join Lockton as senior executives in the insurance broker's Phoenix, Ariz. operation. Brown and ...

Idaho Woman Sues Costco Over Life Insurance Money

A woman has filed a lawsuit against a northern Idaho Costco contending that the company should pay out the life insurance policy of her ...

California Woman Dies After Nurse Refuses To Do CPR

A county official says a dispatcher followed general protocols when she pleaded with an independent living facility nurse to perform CPR on ...

Passing of Torch at California Workers' Compensation Institute

Workers' compensation wonk Alex Swedlow will become the fourth president of the California Workers' Compensation Institute in 50 ...

EPIC Names Thomas Chief Strategy Officer in California

Edgewood Partners Insurance Center named Derek Thomas chief strategy officer and managing principal. Thomas will be based in EPIC's San ...

Burnham Names Asensio VP of Compliance in California

Irvine, Calif.-based Burnham Benefits Insurance Services named Richard P. Asensio vice president, director of compliance. Asensio will work ...

PPIB Names Schoenthal Underwriting and Production Manager in California

Professional Program Insurance Brokerage named Jennifer Schoenthal underwriting and production. Schoenthal will manage PPIB's underwriting ...
Los Angeles Westin Bonaventure Hotel. March 7th 2013. Click here for more information.
International

Sources: Spain's Bankinter, Apollo Global Team up to Bid for Generali's BSI Bank

Spain's Bankinter has joined forces with U.S. investment fund Apollo Global Management to bid for Italian insurer Generali's Swiss private ...

Study Reports Warmer Climate to Open New Arctic Shipping Routes by 2050

The quickest way to get goods from Asia to the U.S. East Coast in 2050 might well be straight across the Arctic, where a warming climate is ...

Willis Changes Management for Central, East Europe; Middle East, Africa

Willis Group Holdings announced that Toby Wemyss has been appointed as Regional CEO of the Group's Central and Eastern Europe, Middle East ...

Haynes Becomes ANV Syndicate 1861 Managing Director

ANV Holdings BV, the Dutch headquartered specialty insurance business founded by R. Matthew Fairfield, and owner of ANV Syndicate 1861, ...
Sponsored Content

Atlantic Specialty Lines Announces ASLPRO Specialized Professional Liability Brokerage Unit

Miramar, FL, 03/05/13 - "Our goals in creating this department are multifold", states Corporate COO, Seth Johnson.  "First, the creation ...

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New Discussions in the Forums

Carrier technology
Posted: Mon Mar 4 -- What about Kemper, I heard they were good? mmh6
Insurance Noodle vs. Superior Access vs. Agent Secure
Posted: Thu Feb 28 -- Read the fine print on contracts with the clusters and aggregators. Most have a clause where you can't directly or indirectly contract with... newportins
CA after-school GL and Auto
Posted: Thu Feb 28 -- Looking for GL/Auto market for an after-school in California. Its daily operation like: Use its own mini van to transport elementary student... antagent
SEO and buying back links
Posted: Thu Feb 28 -- Google has made some massive changes Is of January 17, 2013 for backlinks, one agent went from page one to page 13 for many of hi keywords... Pathwayinsurance
Imprezzio Marketing: SEO Firm
Posted: Thu Feb 28 -- "I agree with much of what d says. Here is a good thread about SEO from a few years back... Pathwayinsurance

Reader Comments

Alabama Woman Sues Wal-Mart, Alleges Moldy Mr. Goodbar
Posted: Fri Mar 1 -- Goodbar gone bad. Badbar? ExciteBiker
Lawsuits by Fans Injured at NASCAR Race Face Obstacles
Posted: Fri Mar 1 -- Wait...you mean sitting 10-20 feet away, in the first row near cars zooming by at 200 MPH is dangerous? I did not know that! DJ
Panel Kills South Dakota Plan to Ban Texting While Driving
Posted: Fri Mar 1 -- I cannot believe this bill failed. What were they thinking?? Stupid is as stupid does. Alwasy Amazed
A University Health System Says It Will Stop Hiring Smokers in Pennsylvania
Posted: Tue Feb 26 -- Bob, You need to find a sense of humor. Again, lighten up. You're wound tighter than a 95 year old virgin. I don't think Planet was doing... jw
Southern California Hotel Sued Over Corpse in Water
Posted: Fri Mar 1 -- What is the injury? Disconcerting hindsight? Think about the hotel cleaning process. Do you know how most of them "wash" the glasses? They... ExciteBiker

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