Daily Headlines: Friday, May 4, 2012

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May 4, 2012 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Judge Blocks $90 Million Insurance Settlement for Lehman Directors, Officers With a nod to country singer Kenny Rogers, a federal judge has refused for now to allow insurers for former officers and directors of ... BP Wins Delay of Gulf Oil Spill Trial A trial to assign blame and damages that could total tens of billions of dollars for the 2010 Gulf of Mexico oil spill has been put off ... AIG Q1 Profit More Than Doubles to $3.21 Billion American International Group Inc. reported $3.21 billion net income for its 2012 first quarter, a 147 percent increase from $1.30 billion ... April Weather Caused $1 Billion in Insured Losses in U.S.: Aon A series of severe weather events across central and southern sections of the United States in April caused upwards of $1 billion in ... Best Affirms, Upgrades SCOR’s No. American Subs Ratings; Outlook Stable Following its rating actions on the parent company, France's SCOR SE, A.M. Best has upgraded the issuer credit ratings (ICR) to "a+" ... Kelly Named President of P/C Insurance Advisory Organization AAIS A national advisory organization serving the U.S. property/casualty industry has named a new president. Edmund J. Kelly of Boulder, Col. ... General Star Upgrades XS Follow Form Liability Coverage General Star Management Co. has rolled out its revamped XS Follow Form Liability policy. Underwritten by General Star's Contract P&C ... Protective Specialty Launches Allied Health Medical Professional Liability Product Protective Specialty Insurance Co. will now offer an allied health medical professional liability product. It is designed for both entities ... Aon Revenues Rise But Profit Dips in Q1 Risk and insurance brokerage service provider Aon Corp. reported 3 percent revenue growth along with a 3 percent decline in profit for the ... Marsh Says It Only Sees ‘Targeted Correction’ of Rates Marsh executives said this week that they are only seeing a "targeted correction" -- not a broad-based hard market -- in the ... Marsh Coverage Responds to Government Crackdown on Healthcare Executives Corporate officers in every industry have to be on guard when it comes to enforcement of federal laws and, according to insurance broker... More National News East Mass. AG Coakley Advises Teenagers: Don’t Text While Driving Massachusetts Attorney General Martha Coakley and officials from across the country are advising teen drivers to be mindful of the dangers ... Rhode Island’s Financial Literacy Program Expanding to 44 Schools A financial literacy program for high school students in Rhode Island is getting a boost. Rhode Island State Treasurer Gina Raimondo said ... Conn. House Passes Firefighter Compensation Bill A bill that would make certain local firefighters eligible for workers' compensation coverage for mental or emotional damage has passed the ... N.Y.-Based Alleghany Acquires Stake in Manufacturing Firm Bourn & Koch New York-based global specialty insurer Alleghany Corporation said its investment management unit acquired a majority stake in ... Settlement Reached in Maine Class-Action Disability Lawsuit A federal judge in Maine has approved a settlement in a class action lawsuit on behalf of 40 people with long-term disabilities who wanted ... More East News Midwest Nebraska’s Tierone Banking Company Settles Lawsuit A lawsuit that said Lincoln-based TierOne Corp. misled investors has been settled for $3.1 million. The Lincoln Journal Star reported the ... OSHA Proposes $137K Fine For Wisconsin Company A River Falls, Wis. company is facing $137,000 in potential fines following a trench collapse last year that killed a 19-year-old worker. ... More Midwest News Southeast Lawmakers OK Limits on Mississippi AG’s Deals with Private Law Firms A measure to limit Democratic Attorney General Jim Hood's ability to control state legal business is on the way to Republican Gov. Phil ... More Southeast News South Central Texas Attorney General Takes on State Farm Non-Renewal Plans Texas Attorney General Greg Abbott is taking issue with one of the nation's largest homeowners insurer's plan to non-renew thousands of ... Sierra Club Sues EPA Over Oklahoma Power Plants The Sierra Club filed a lawsuit in Washington, D.C., District Court against the U.S. Environmental Protection Agency on Wednesday, seeking ... Kentucky Business Owner Sues Police Over Raids The owner of a western Kentucky pizza joint and a suntan parlor is suing Hopkinsville police over drug raids at his businesses. Luther ... Suit: Cruise Operator Negligent In Texas Passenger Death Carnival Cruise Lines is being sued for negligence by relatives of a woman who bled to death after falling on a water glass in her room ... New Tool for Texas Wildfire Risk Assessment Now Available Officials with Texas Forest Service and the Texas A&M University System announced that new tools are available to help homeowners and ... More South Central News West Atlas Names McQuaid, Junker to Client Consulting Division Honolulu, Hawaii-based Atlas Insurance Agency Inc. named Ron McQuaid and Peter Junker as account executives to its client consulting ... Widow Gets $3.2 Million After Nursing Home Death The widow of an 88-year-old Colorado man who died as a result of bedsores he suffered in a Rocky Ford nursing home has been awarded $3.2 ... Burned Couple Settles Wildfire Suit For $6M A badly burned Santa Barbara couple has settled their wildfire lawsuit against a property owner for $6 million. Lance and Carla Hoffman ... Colorado Man Seeks $5 Million From BP For Firing A Durango, Colo. man is suing BP claiming he was fired for reporting safety violations by a BP contractor. Larry Holland, an employee of ... Idaho Man Gets Jail Time For Faking Motorcycle Mishap The insurance claim seemed straightforward: Jason Preston said his motorcycle was wrecked. His clothing was scuffed up to prove it. But ... Appellate Court Dismisses Challenge To CDI Replacement Costs Regulation The California Court of Appeal summarily dismissed a legal challenge by the Association of California Insurance Companies and the Personal ... More West News International Swiss Re Q1 Net Profit Rebounds from Q1 2011 to $1.1 Billion Swiss Re reported a very strong first-quarter with overall net income of $1.141 billion in comparison to a loss of $665 million in Q1 2011. ... RSA’s Interim Statement Highlights Organic Growth, Strong Financial Position UK-based RSA reported continued strong growth and financial strength in its interim management statement covering the first three months of ... Earnings Report: Flagstone Re Selected earnings highlights from Luxembourg-based Flagstone Re for the first quarter of 2012 are as follows:      ... Validus to Hold Modified Dutch Auction Tender for $200 Million Share Buyback Bermuda-based Validus Holdings, Ltd. announced that its Board of Directors has approved a modified Dutch auction tender offer pursuant to ... Best Affirms Fairfax Financial and Most Subs Ratings A.M. Best Co. has affirmed the issuer credit rating (ICR) of "bbb" and the unsecured debt and preferred equity ratings of Fairfax ... Chartis Names Macfarlane to Head UK Energy Chartis announced the appointment of Tom Macfarlane to head UK Energy. He will report to Jacqueline McNamee, Executive Director, ... Ratings Recap: National General, Unive Her/Stormher, Radius A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of 'B++' (Good) and the issuer credit rating of ... More International News Insurance Journal Blogs How to Create Your Own Raving Fans This post is part of a series on insurance marketing and training sponsored by Astonish Results. The Astonish system and company structure ... More Blogs Join the Insurance Journal Network Insurance Journal TV Annual Live Training Burn Educates Adjusters Pat Andler, a certified fire investigator and owner of Andler & Associates discusses the... Watch Now What D&O Buyers Look For In a Carrier What do insureds look for when shopping for a carrier to provide director and officers... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Certificate of Insurance Tracking - Access or Excel Database Posted: Fri May 4 -- Not quite sure if you can get one for free. You need to buy a database software from a company if you want a reliable one. It usually needs... hans How do you ask for a referral? Posted: Fri May 4 -- I've actually found that clients are pretty willing to send their friends and colleagues to me, if they happen to know someone in need of... hans Aviation Products Liability - Non-Critical Parts Posted: Thu May 3 -- Hello! Please contact Brian Riehl at RPS Aviation (an Aviation wholesale specialist)... mszleszinski CA TOW Truck WC. Posted: Thu May 3 -- So Everest has pulled out of this class code and we are looking for other markets for Towing WC for smaller account of 10-20k per year. PEO... JAM New Venture - Non-Emergency transporation Posted: Thu May 3 -- If the van is owned and operated by the facility you can try Progressive. Titan might look at it as well. JAM NEEDED:History and Current Trends of the Independent Agent Posted: Thu May 3 -- Another source you should consider is Rough Notes. The magazine has been around for a long time and their past articles could be a good... SteveAnderson 1-800-Car-Insurance Posted: Wed May 2 -- Your criticism is valid. My thinking was that you are not allowed to directly advertise in the forum. When the comments came in, I revealed... glabman Is it possible to get insurer appointments just starting out Posted: Mon Apr 30 -- d's insurance store usually gives good advice-this time is no exception. I will be a bit more blunt...6 months to a year will only scratch... jackwehoca Online Insurance and Leads Posted: Mon Apr 30 -- Have you tried InsuranceFiles.com? They'll give you back your credit if you can't get in touch with a lead. Auds Go to Forums Reader Comments Christian Group Sues Michigan City, Muslims Over Event Posted: Thu May 3 -- Islam means "to submit." Islamists get many to submit by threatening to kill them. Apparently it worked in this situation. The best way to... Donald Buckley Missouri Woman Wins $5.8M in 'Girls Gone Wild' Case Posted: Tue May 1 -- i know. i was kidding. nobody wants that to happen to themselves or someone else. nudity's kind of a funny thing though honestly...we're the... George Transportation Chief Calls for National Ban on Cell Phone Use While Driving Posted: Wed May 2 -- You know where it's safe to be on your phone (or even laptop) and in transit? Busses, subways, rail systems, and the backseat of a carpool.... Cat Fewer Storms Forecast for 2012 Hurricane Season Posted: Fri Apr 27 -- Remember it only takes "ONE" hurricane to hurt your business or home if it hits in hometown then numbers become irrelevant SoFlaInsurance Dead Mexican Teen's Family To Pursue Suit in Texas Posted: Wed May 2 -- I'm sorry this kid got killed but throwing rocks at a cop was an invitation for violence and trouble. Rather than making his parents... 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