Tuesday, April 2, 2013

Daily Headlines: Tuesday, April 2, 2013

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Insurance Journal Daily Headlines
April 2, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Gulf Oil Spill Claims Czar Seeks Dismissal of BP Suit

The administrator of BP Plc's settlement with thousands of people and businesses who sued over the 2010 Gulf of Mexico oil spill urged a ...

More Than 300K Homes Are Foreclosed 'Zombies'

A national survey found 301,874 "zombie" properties dotting the U.S. landscape in which homeowners in foreclosure have moved out, leaving ...

Capitol Records Copyright Win Deals Blow to Digital Goods Resellers

In a major lawsuit testing the legitimacy of music downloads, Capitol Records LLC has won a court ruling that the start-up ReDigi Inc. has ...

19 States Approve ISO's Telematics-Based Auto Rating Tool

Insurance technical and policy services organization ISO said it has filed its first vehicle telematics-based rating rule with insurance ...

Fireman's Fund Launches Short Term Event Program

Fireman's Fund Insurance Co. has expanded its coverage for entertainment events and productions to smaller special events with the short ...

Great American Launches Professional Liability Division

Great American Insurance Group has launched a new professional liability division offering errors and omissions (E&O) liability insurance ...

From MyNewMarkets.com 10 Things to Know About the Commercial Auto Market

The commercial auto segment saw an underwriting loss in 2011 for the first time in nine years, with a combined ratio of 103.6 percent,...
Carrier Management

Should Tweeting CEOs Be Muzzled Or Glorified?

If the CEO of a public company posts good news about the company's booming business on Facebook, does that same CEO have...
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East

Horace Mann Pays $8,993 in Restitution to Vermont Policyholders

Vermont's Department of Financial Regulation announced on March 27 that Horace Mann Insurance Co. and Horace Mann Property and Casualty ...

R.I. Issues Bulletin Affirming Punitive Damages Not Insurable Under State Law

Rhode Island's Insurance Superintendent Joseph Torti III issued a bulletin last week that affirmed that punitive damages are not insurable ...

New Jersey Chiropractor Sentenced in Insurance Fraud Scheme

Authorities announced Monday that a central New Jersey chiropractor was sentenced to state prison for fraudulently obtaining more than ...

Glatfelter Program Managers in Pennsylvania Names SVP of Healthcare Practice

Glatfelter Program Managers (GPM), York, Penn.-based Glatfelter Insurance Group's program business unit, promoted Sue Federinko to senior ...

MEMIC Group Appoints Manager of Maine Advocate Operations

The MEMIC Group, a workers' compensation insurer headquartered in Portland, Maine, announced the promotion of Troy McLain to manager of ...
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Midwest

North Dakota Wants Another Look at Worker's Comp

Tim Lambertson has fought a long legal battle to keep from seeing the doctor. The North Dakota former truck driver, who was sidelined from ...

Great American Insurance Group Launches Professional Liability Division

Great American Insurance Group, based in Cincinnati, Ohio, announced the launch of a new professional liability division. This division ...

Kenyon Named Regional Vice President of Claims at Amerisure

Farmington Hills, Mich.-based property/casualty insurance provider, Amerisure Mutual Insurance Co., has added Becky Kenyon as regional vice ...
Southeast

Georgia Woman Wins Right to Sue 'Girls Gone Wild' Over Video

A Georgia woman whose image was used in advertisements for a "Girls Gone Wild" video without her authorization has grounds to sue the ...

Georgia City Votes on Making Gun Ownership Mandatory

A north Georgia city is voting on an ordinance that would make gun ownership mandatory. City council members in Nelson were set to vote on ...

Court Dismisses Alabama Catholic TV Station's Suit Against Obamacare

An Alabama-based religious broadcasting organization is reviewing its options after a federal judge dismissed its lawsuit challenging part ...

Gallogly Joins Florida's Lighthouse Property Insurance

Lighthouse Property Insurance Corp. has named Loren Gallogly as a new manager of sales and marketing charged with expanding the insurer's ...
South Central

Complaint: Oklahoma Dentist's Unsanitary Practice Put Patients at Risk

Looking to find out whether they were exposed to hepatitis or the virus that causes AIDS, hundreds of patients of an Oklahoma-based oral ...

State Intelligence Report Highlights Threats to Texas

While organized crime is seen as the most significant public safety threat in Texas, drunk driving, natural disasters, terrorism, ...

Nearly 40% of Texans Admit Being Scared by Texas Weather: Survey

Thirty-seven percent of Texans say Lone Star State spring storms scare them, and more than a third say they feel the weather is getting ...
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West

Court: California City May Proceed With Bankruptcy

A U.S. federal judge on Monday approved the city of Stockton's petition for bankruptcy in a case that sets the stage for a lengthy battle ...

Mahoney Named Chief Operating Officer of Heffernan in California

Heffernan Insurance Brokers named Jennifer Mahoney chief operating officer. As COO, Mahoney will oversee corporate governance, contracts, ...

Marijuana DUI Bill Advances In Colorado

Marijuana blood limits for Colorado drivers are closer to approval. A House committee approved the bill Monday after a month-long delay. ...

Word Named President of Word & Brown in Southern California

Jessica Word has been named president of Word & Brown General Agency. The appointment is effective immediately. Word has been serving as ...

Washington Couple Must Pay $224,000 For Workers' Comp Fraud

A Washington couple received jail time and will have to reimburse the state more than $200,000 after they reportedly both filed fraudulent ...
Sponsored by: City of Hope. Watch the 2013 NCAA National Championship Game at Hoops for Hope. Mon., April 8. Proceeds benefit City of Hope. Click here for more information.
International

PERILS Updates European Cat Exposure Database for 2013; 1.9% Rise in Values

PERILS AG, the independent Zurich-based company providing industry-wide European catastrophe insurance data, has released an update for ...

Death Toll in Tanzania Building Collapse Rises to 30

Tanzania's government says the death toll from a collapsed building in the country's largest city rose to 30 early Monday. Rescue workers ...

Willis Re Sees Increased Capital Inflows as Threat to Reinsurers

A report from Willis Re, the reinsurance brokerage arm of Willis Group Holdings, concludes that "many traditional reinsurers now see the ...

Torus Receives Approval for Lloyd's Managing Agency

Global specialty insurer Torus announced it has received approval from the UK Financial Services Authority and Lloyd's to launch its own ...

Willis Acquires UK Indemnity Specialist Broker Prime Professions

Willis Group Holdings announced that it has "further enhanced its offering in the executive risk market by agreeing to acquire, through its ...

ACE Completes Acquisition of Mexican Surety Lines Company Fianzas Monterrey

ACE Limited announced that it has completed the acquisition of Fianzas Monterrey in Mexico from New York Life Insurance Company for ...

Hiscox Bermuda Appoints Lazzaro to U.S. Property Cat Team

Hiscox Bermuda announced that it has expanded its US property catastrophe team with the appointment of Bill Lazzaro as Vice President - ...

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New Discussions in the Forums

What marketing efforts are generating business?
Posted: Mon Apr 1 -- Every agent keeps asking for and hoping there's a Holy Grail answer to this question. In fact, there isn't any one answer and techniques... d's insurance store
I.A. start up- cluster, alliance (siaa type) or go it alone?
Posted: Mon Apr 1 -- You might want to look into FMJ Agency Alliance. They have helped many former captive agents get started on the independent side of the... dirtmen
AICPCU ARM Program Breadth and Scope
Posted: Mon Apr 1 -- I am a CPA/CFE Forensic Accountant who has recently started working in Fraud Management for an international P&C Insurer dealing in a very... john_of_kc
Arizona broker fees
Posted: Sat Mar 30 -- Yes. Your information is correct but you are making a lot of assumptions about my statement. INTLXS
What is your biggest pain as an agent?
Posted: Sat Mar 30 -- 1) Leads companies the sell bogus, incentivized ( win free ipad) or recycled leads. 2) Legit leads that never answer the phone or email myagentethan
SIAA vs. Cluster?
Posted: Sat Mar 30 -- I found out th MA I am working with at SIAA does but I'm learning Mercury is very tough to deal with, cutting commission and raising... JZanders
Farmers vs. Independent
Posted: Fri Mar 29 -- "hello Friends, I am a new in field with a CA P&C License. Please suggest me the company,where I would start as a... d's insurance store

Reader Comments

Insurance Agent Takes Stand on Gay Marriage in Supreme Court Case
Posted: Thu Mar 28 -- Is your young daughter an adult? If yes, and she consents, then we have 2 consenting adults and they should be allowed to get married (enter... Captain Planet
Relatives Sue Over University of Alabama Cheerleader Bus Crash
Posted: Mon Apr 1 -- Center Point: they are naming the bus company because they have deeper pockets than just the owner of the car she was in. and that's the way... bob
How Obamacare Could Affect P/C Insurance
Posted: Thu Mar 28 -- Sarting to see employers who have 20-50 workers set up new companies (split there employees between two companies) to avoid paying for... TX Agent
Flood Insurance Policyholders Told to Expect Big Premium Hikes
Posted: Thu Mar 28 -- About time, tired of seeing my tax dollars going to New York and New Orleans! If you want to live on the water, you pay for it, not me! I... H Vogel
North Carolina Bill Would End Motorcycle Helmet Mandate for Adults
Posted: Thu Mar 28 -- A motorcycle course likely won't help....most motorcycle crashes are caused by cars or trucks that don't see the bike. We won't get on the... v

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