Friday, July 13, 2012

Daily Headlines: Friday, July 13, 2012

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Insurance Journal Daily Headlines
July 13, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Workers’ Comp Claims Frequency Was Down 1% in 2011: NCCI

Workers' compensation claim frequency declined slightly in 2011, by a modest one percent, after increasing in 2010 for the first time in ...

Lump Sum Settlements Encourage Return to Work: Study

Lump sum settlements in workers' compensation claims encourage injured workers to return to work, according to a new study by the Workers ...

Malpractice Claims at Record Low, Not Driving Health Costs: Consumer Group

The consumer group Public Citizen says that medical malpractice payments in 2011 were at a record low and have fallen for eight straight ...

Markel Launches EPL Hotline, Online Loss Control Resources

Markel has launched a loss control program to connect employment practices liability (EPL) policyholders with information for managing ...

ACE Expands Catastrophe Management Services for Environmental Risks

ACE USA, the U.S.-based retail operations of the ACE Group, has expanded its environmental risk insurance products to add catastrophe ...

Chartis Adds Power Pack Protect Product for Power Generation Industry

The Chartis insurers have added PLL Power Pack Protect to the NextGen Protection suite of industry specific insurance products.  PLL Power ...

From MyNewMarkets.com How Agents can Help Identify, Address Data Risks Small Businesses Face

A recent study revealed that organizations with fewer than 1,000 employees make up 85 percent of hackers "targets of...
Join us online Thursday July 19 for a LIVE webcast, Insurance Industry Mergers and Acquisitions Activity - hosted by Insurance Journal's Academy of Insurance - Reserve Your Spot Today
East

Arthur J. Gallagher Buys Employee Benefits Broker Triad USA in Penn.

Itasca, Ill.-headquartered global insurance broker Arthur J. Gallagher & Co. said it acquired Pittsburgh-based Triad USA Inc. Terms of the ...

Under New Law, Penn. Dentists Now Required to Buy Liability Insurance

Pennsylvania Gov. Tom Corbett signed into law late last month Senate Bill 388 that mandates all dentists in the state to purchase ...

N.Y. Issued 20,958 Tickets for Texting While Driving During Past Year

New York Gov. Andrew Cuomo on Thursday marked the one year anniversary of the state's strict law to prevent distracted driving. The ...

W.R. Berkley Appoints Executive for Excess Casualty Unit in Conn.

W.R. Berkley Corporation has appointed Michael Fujii as president of its newly formed Berkley Custom Insurance Managers unit in Stamford, ...

7 New Agencies in Northeast Join Strategic Insurance Agency Alliance

The Strategic Insurance Agency Alliance (SIAA), a national alliance of over 4,000 independent insurance agencies, said seven new agencies ...
Join us online Wed July 18 for a LIVE webcast, Managing Workers Compensation Injuries - hosted by Insurance Journal's Academy of Insurance - Reserve Your Spot Today
Midwest

NTSB: Neglect, Inaction Caused Huge Michigan Oil Spill

The National Transportation Safety Board has approved the findings of its investigators that Canadian company Enbridge Inc.'s neglect of ...

Michigan Regulators: Consumer Complaints Against Insurers Drop in 2011

The Michigan Office of Financial and Insurance Regulation (OFIR) reported that consumer complaints against insurance companies dropped ...

Missouri Gas Stations Operational After Securing Insurance for Underground Storage Tanks

Three gas stations in Missouri that were shut down by the state's attorney general for operating without insurance coverage for their ...
Southeast

Mississippi Insurance Chief to Build Health Exchange Despite Critics

Mississippi Insurance Commissioner Mike Chaney said he's going to continue with plans for a state-run insurance exchange, despite ...

South Carolina Sheriff Denied Workers’ Comp After Shooting

A deputy sheriff is not entitled to workers' compensation benefits for his mental distress that followed his shooting of a suspect in the ...
South Central

Thompson Honored with Insurance Council of Texas’ Raymond Mauk Award

Jay Thompson, a partner with the law firm of Thompson, Coe, Cousins and Irons, has been named the Raymond Mauk Leadership Award honoree by ...

Berman to Lead INSURICA’s Robert C. Bates Agency in Tulsa, Oklahoma

INSURICA Insurance Management Network announced that Bryan E. Berman has been named president of its Tulsa, Okla., office, Robert C. Bates ...

Disaster Declaration Granted for Arkansas Agricultural Producers

The U.S. Agriculture Department has granted a disaster declaration for 69 of Arkansas' 75 counties due to the drought. The designation ...

Texas Judge Rules Atmosphere, Air Is Public Trust

A Texas judge has ruled that the atmosphere and air must be protected for public use, just like water, which could help attorneys tasked ...
West

Utah Says Energy Giant Falsified $25M in Claims

Petroleum giant ConocoPhillips filed $25 million in false insurance claims over 14 years for cleanup of leaky underground storage tanks, a ...

Washington Man Pleads Not Guilty In Fake Dead Cat Claim

A Washington state man charged with insurance fraud after authorities say he used photos from the Internet to file a $20,000 insurance ...

Oversight Board Questions Nuke Lab Radiation Risk

Los Alamos National Laboratory significantly underestimated how much radiation could leak from the nation's premier plutonium lab after a ...

Poms Names Scott VP of Benefits and P/C in Northern California

Woodland Hills, Calif.-based Poms & Associates Insurance Brokers Inc. named Peter Scott Jr. vice president of employee benefits and ...

United Valley Adds Nine in Arizona and Nevada

Fresno, Calif.-based-United Valley Insurance Services Inc., a network of independently owned insurance agencies, has expanded its ...
International

6 Month Insured Losses at $12 Billion; Nat Cats Less Costly: Munich Re

"Natural catastrophe losses were relatively moderate in the first six months of 2012," concludes Munich Re's assessment for the first six ...

Lloyd’s Marks First Anniversary of ‘Claims Transformation Program’

"Insurance is, arguably, only as effective as the way it pays claims," says a bulletin from Lloyd's of London, marking the first ...

EIOPA Releases Final ‘Own Risk and Solvency Assessment’ Report

The European Insurance and Occupational Pensions Authority (EIOPA) has published its Final Report on draft Guidelines for Own Risk and ...

South Korea Considering Resuming Iran Oil Imports: Gov’t. Sources

South Korea will soon decide on whether to resume Iranian crude imports after Tehran offered to ship and insure the oil to get around the ...

RSA Is Latest Insurer to Join Managing General Agents’ Association

Global insurer RSA has become the latest member of the London-based Managing General Agents' Association (MGAA), which now has 50 members ...

Towers Watson Appoints Howard Global Brokerage Leader; Eyre in New Post

Global professional services company Towers Watson has appointed Ross Howard as global leader for its insurance and reinsurance brokerage ...
Insurance Journal Blogs

Gilway’s Approach to Citizens Reform Strikes a Good Balance

Barry Gilway was appointed president of Florida's Citizens Property Insurance Corp. just a few weeks ago and already he is making public ...

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LexisNexis Insurance Exchange Celebrates One-Year Anniversary

The LexisNexis Insurance Exchange – an online single-entry submission system that...
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Solvency II Advisor Sees Local Politics as Threat to Implementation

Colm Fagan is one of Ireland's most respected insurance executives. He is a member of the...

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New Discussions in the Forums

Garage Keepers Liability - Tow Truck Yard - CA
Posted: Fri Jul 13 -- standalone GKL runs 3k up. It might be better to write a package with national Int or Nova etc.. vs writing the Autos with a non standard... JAM
Agent no legal duty to inform on cancellations?
Posted: Wed Jul 11 -- "Never start a bad habit, it will come back with a vengence." Once you start notifying customers that they... tsorrels
AMS360 for accounting?
Posted: Wed Jul 11 -- In Quickbooks, You can create an account for each trust that you have, we have just one trust for all, and one operating account, each one... OldIndyAgent
HELP...Waiver, Rider, GL Policy, ??
Posted: Tue Jul 10 -- First, do NOT post any documents here. This is discoverable, so you do not want anything to turn up in court that is not specifically... jimmyr1978
RV Rental for Dealership
Posted: Mon Jul 9 -- Maybe progressive will do it. karenmorris
Chicago IL area insurance agencies who sell TRAVEL Insurance
Posted: Mon Jul 9 -- How much does it cost? Is it per trip or per year? karenmorris
National Agents Alliance? Legit or Keep Away?
Posted: Sat Jul 7 -- Hi guys, Is it possible to switch downlines with NAA? I was hired by someone in another city, but their team is disorganized, and it is... Cassie
WC Market for class code 9051 Home Health Care Aid
Posted: Fri Jul 6 -- Try Companion and Williamsburg National-Star. they do home health and registry type stuff. shari

Reader Comments

Tropical Storm Creates New Beach on Alabama Coast
Posted: Wed Jul 11 -- why no pic or link to a pic? Mark
President Obama Signs Flood Insurance Reform Bill
Posted: Wed Jul 11 -- this is a very old article, you will notice it says proposal not law. It is also what they passed before they read it. Remember they had to... Sarah
Chief Justice Roberts Viewed Differently After Healthcare Opinion
Posted: Mon Jul 9 -- You are right Planet. Leslie Marshall is a well known leftist since she has been featured on Fox many times to try to spin the Progressive... First Agent
Massachusetts Businessman Fights AT&T Over $1M Phone Bill
Posted: Tue Jul 10 -- I don't understand how it would cost $900,000.00 to call anywhere in the world....Was it a ... Common Sense
Florida Adjusters Win Free Speech Case Against 48-Hour Solicitation Rule
Posted: Tue Jul 10 -- 50% would be high I think. Truthfully there are only a few bad actors on the carrier side in general. On the PA side it's full of bad... Mr. Solvent

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July 2, 2012
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