News for March 2011
- Insurance Wholesaler Socius Appoints Vu Assistant VP
- Study: Washington Law Increased Homeowners Insurance Costs by $190 Million
- Calif. Homeowners Insurance Valuation Training Courses Available Online
- Assured Guaranty to Offer Bond Insurance Through Electronic Trading Platform
- Ratings Recap: Omega US, Real State, USPlate, Safety
- Mont. Work Comp Compromise Moves Forward
- Missouri Updates Insurance Consumer Complaint System
- Whalen Named Producers Division Director at Kansas Insurance Dept.
- Louisiana Appeal Court Must Reconsider Malpractice Cap Suit
- Minnesota Real Estate Closer, Insurance Agent Fined $420K
- Applied Systems Buys CSR24 Agency Systems Firm Artizan
- New York City Landlords Facing Harsher Bedbug Penalties
- Murder Is an Accident? To Insured It Is, New York’s Highest Court Says
- Ex-Sen. Thompson Lobbies for Trial Bar on Tennessee Damages Bill
- Court Allows ‘Fat Slob’ Arrest Lawsuit Against Kentucky City
- Beranek to Head New OnPoint Office in Arizona
- Shake-Up at AIG’s Chartis; Moor Out, Hancock In as CEO
- Whistleblower Sues California Nuclear Plant, Claims Firing Retaliatory
- Black Brokers’ Bias Suit Against Bank of America/Merrill Dismissed
- Leading Candidate to Succeed Berkshire’s Buffett Quits
- Rating Agencies Might Stop Reports Due to EU Threats Say Sources
- Cooper Gay Swett & Crawford Posts Combined Results; EBITDA $68 Million
- Jacobson Group Expands into International Marketplace
- AIR Releases New Northwest Asia-Pacific Area Wide Typhoon Model
- Liberty Mutual Authorized to Establish Guangdong Branch
- Willis Re: Japan Quake Not Enough to Turn Soft Market
- BoatU.S., CNA Add Marine Insurance Options
- Arkansas AG Sues Company Over Alleged Ponzi Scheme
- Agents, Adjusters Vulnerable to Lawsuits Even When They’re Not to Blame
- Federal Reserve Rejects AIG Offer for Mortgage Bonds
- BP Puts Gulf Oil Disaster Cost at $19 Billion So Far
- The Buckner Co. Opens Idaho Falls Office
- Flood Insurance Reformers to Hold Second Hearing
- Capitol Insurance Companies Names Ogilvie Chief Operating Officer
- Obama Signs Wash. Storm Disaster Declaration
- Insurance Journal Nominated for Four Publishing Awards
- K&K Hires New Staff for K-12 Student Accident Program
- EEHall, NIADA to Offer P&C Program to Independent Auto Dealers
- Whipps Named President of IMA’s Kansas City Office
- Calif. Workers’ Comp Institute Elects Directors
- Zenith Offers Agribusiness Insurance
- Louisiana to Receive $6.1M from AIG Settlement
- Nationwide Insurance to Open New Facility in San Antonio
- Judge in Kansas Upholds Ruling in Boeing Age Discrimination Suit
- Last Chance: Find Out Who’s Worth What in Today’s Independent Agency
- Oklahoma Governor Defends Support for Health Insurance Exchange
- New York Sting Nets 13 Arrests for Workers’ Comp Fraud
- Rebello Joins Iroquois as Regional Manager for Illinois, Wisconsin
- Combined Agents Reports Commercial Premium Growth of 64% Over Decade
- Lloyd’s ‘Confident’ It Can Cope with Japan Claims
- Cat Bond Investors Braced for Japan Disaster Hit
- Simanoff Joins Morstan General Agency
- Florida’s Top 10 Sinkhole-Prone Counties
- North Carolina Researchers Track Risk from Rising Sea Level
- Conway to Manage Kentucky for Wells Fargo Insurance
- Judge Limits NFL Offset for Players’ Workers’ Compensation Benefits
- Crackdown on Distracted Drivers Under Way in Connecticut
- Insurer Rates 16 ‘Best Values’ in Autos
- Michigan’s Accident Fund Unveils New Corporate Headquarters
- Bank of America Wins Dismissal of Suits Over Merrill Lynch
- Elliot Named Commercial Markets Head for The Hartford
- Report: Engineers Knew Tsunami Could Overwhelm Fukushima Plant
- Best Puts Omega’s Ratings on Review/Negative; Syndicate 958 Unchanged
- Lloyd’s Annual Report: $3.5 Billion 2010 Profit; ‘Solid’ Says CEO
- Supreme Court Justices Question Major Class Action Against Wal-Mart
- Montana Senate Passes Workers’ Comp Reform Bill
- Hawaii May Drain Hurricane Funds
- Marrs Maddocks Recognized as Carlsbad Chamber Business of the Year
- Study: Calif. Workers’ Comp Reforms Eroded
- National Legal Association Selects The Hanover as Lawyers E&O Provider
- Florida Allows Reinsurer Alterra Bermuda to Reduce Collateral
- Baker Appointed to Lead California Department of Industrial Relations
- McCarthy Joins Patriot National for Gulf Coast Region
- Insurer Group Says Amendments to Arkansas Bill Prevent Coverage Expansion
- 9 Alternatives to Individual Health Insurance Mandate; Will They Work?
- Maine Couple Loses Lawsuit Against Cement Company
- Texas Business Owner Sentenced for Workers’ Comp Fraud, Tax Evasion
- Analysis: Business Agenda Advancing in Missouri
- Towerstone Adds Ortiz, Proctor in Dallas
- Capitol Insurance Names Ogilvie Chief Operating Officer
- Coleman Joins All Risks
- North Carolina Eyes Public Panel to Oversee Home Insurance Rates
- More Than 200 Kentucky Dams Rated High Hazard
- West Virginia Counties’ Program Expanding to Workers’ Compensation
- U.S. Business Group Says Doha Round Hopes Fading
- 2010 Nat Cats, Disasters Cost $218 Bn – $43 Bn Insured; Says Swiss Re
- Piracy: Enough is Enough Say Shippers as They Seek Government Help
- Under SEC Pressure, Berkshire Took Q4 Writedowns on Stocks
- AIG Ex-CEO Greenberg Loses Bid to Remove Judge from Case
- New York Dilutes Plan to Merge Banking and Insurance Departments
- Federal Government Lifts Cargo Insurance Requirement for Truckers
- New Mexico Wrecking Companies Alerted to Potential Fraud
- Louisiana Sees Big Over-the-Year Increase in Nonfarm Jobs
- Ironshore Canada Launches Specialty Casualty Division
- S&P Puts Montana Re Cat Bonds on CreditWatch Negative after Japan Quake
- CNA Launches Customized Product for Community Banks
- Hallmark Financial Services Acquires Texas Builders Insurance
- Montana Bill to Deny Workers’ Comp to Illegal Aliens Stalls in Senate Committee
- MarketScout Names Muston a Senior Broker in San Diego
- Arizona Regulator Selected for International Supervisory Forum
- Minneapolis’ Snow-Damaged Metrodome About to Get New Roof
- Good News for Midwest Farmers on Crop Insurance
- Employers Rewarded for Insuring Early Retirees Under Healthcare Reform
- Florida Insurance Office Announces Staff Changes
- Michigan Catastrophic Auto Insurance Fee to Rise 1.3%
- Japan Reinsurance Prices Should Rise 50%: Analyst
- Connecticut Lawmakers Approve Local Lawsuit Protection Bill
- New Jersey, Home to Oldest U.S. Nuke Plant, Reviewing Safety
- NYC Marks 100th Anniversary of Deadly Factory Fire
- Chartis Receives High Response for Fuji Fire Share Offer
- IFRIMA Joins Call for Brazil to Rollback Insurance Law Changes
- Liberty Mutual Brazil Syndicates Expand Presence
- Tennessee Gov. Haslam Offers Compromise on Damages Cap
- Florida Hears First Community’s Home Rates; OKs Dwelling Increase
- Texas Wind Pool Names New Acting General Manager
- Who’s Worth What in the Independent Agency System? Find Out … Join IJ’s Survey
- California Insurer Association Names New Board Leadership
- Ohio Workers’ Comp Bureau Finds Fraud at 6 Postal Contractors
- Ohio’s Pitts Agency Joins The Iroquois Group
- Austin, Texas, Fire Investigations Team Honored
- Louisiana Won’t Create State Health Insurance Exchanges
- Illinois Insurance Director: Health Law Helping Consumers
- Settlement Reached in New Orleans Hospital Katrina Class Action Lawsuit
- S.H. Smith & Co. Opens Northwest Office
- Oregon Proposes Medical Malpractice Cap
- Calif.’s Sandin Joins P/C Trade Group AIA as State Affairs VP
- Montana Gov. Amendments Added to Workers’ Comp Bill
- Rhode Island Ponders Forcing Insurers to Buy Driving Records
- AIR Worldwide Estimates Japan Insured Losses up to $30 Billion
- Rhode Island Town Not Liable for $4.3M in Damages in Bullying Suit
- S&P: Outlook Negative on 9 Japanese P/C Insurers; Ratings Affirmed
- Commercial Insurance Prices Still Flat After 8 Quarters: Towers Watson
- North Carolina Debates More Fines on Drivers Using Cell Phones
- Michigan’s Stricter Teen Driving Rules Go Into Effect Next Week
- Former U.S. Sen. Thompson Opposes Tennessee Governor’s Damages Cap
- Michigan Court Reinstates Injured Cheerleader’s Lawsuit
- Ratings Roundup: Topiary (Cat Bonds), Cardif, AMI, PhilNaRe
- Swiss Re Gives Proposals for Next AGM
- UK China Ambassador Opens Lockton’s Beijing Branch Office
- Former NAIC Pres. Atchinson to Head Geneva Ass’n. Institutional Relations
- Major Class Action Sex Discrimination Case Goes Before Supreme Court
- Mont. Governor Endorses Workers’ Comp Compromise
- Missouri Approves First $50K in Line of Duty Claims from Comp Fund
- Worldwide Facilities Introduces New Carrier for Life Sciences Risks
- State Farm Homeowners’ Rate Hike Rejected in Louisiana
- Lawsuit Reform Measures Advance in Oklahoma House, Senate
- Ironshore Political Risk Increases Capacity to $25 Million
- Ohio Workers’ Comp Bureau Receives Nearly $2M from Jailed Doctor
- U.S. P/C Insurers’ Results for 2010 Get ‘Mixed Review’ from A.M. Best
- Proudlove Named VP at Global Aerospace
- Injured Cyclist’s Family Sues Car Driver for $10M
- Ore. Governor Asks Obama for Disaster Declaration
- PMA Names Spina as Vice President in Atlanta Branch
- Florida’s Homewise, First Home Insurance Companies to Merge
- Florida Homeowners Insurers Seek ‘Flex-Rating’ Up to 15%
- AIG Expects ‘Minimal’ Effects from Japan Claims
- Best Comments on First Asian Based Captive Rating
- Nuclear Agency to Conduct Safety Check of U.S. Plants
- XL Re Teams with Aon Benfield to Implement E-commerce Messaging
- Allianz Nat Cat Analysis: Economic Growth a Major Factor for Increased Losses
- UK Insurers Support Corporate Tax Reduction; Budget for Growth
- Arrowhead Wholesale Insurance Names Urita Assistant VP
- U.S. Coastlines Should Be Prepared for Potential Tsunamis
- Alaska House Approves Updated Workers’ Comp Fee Schedules
- Michigan Nixes Strict Workplace Ergonomics Rule
- Supreme Court Makes It Easier to Sue Businesses
- Ohio Governor Signs Surplus Lines Insurance Legislation
- Commentary: Pending State Legislation to Implement NRRA is Fly in the Ointment
- Class Action Suit Over New Orleans Hospital Katrina Deaths Begins
- Happy 100th Birthday Workers’ Compensation: The Great Tradeoff!
- Louisiana Agent Fined $100K for Alleged Misappropriation of Premiums
- Oklahoma’s Worth Ave. Group Expands Coverage for Electronic Devices
- Huntington Insurance Names Raab as Chief Financial Officer
- Tom Hanks, Rita Wilson File Lawsuit Against Former Insurance Broker
- Insurers, Brokers Settle Spitzer-Era Bid-Rigging Case for $37 Million
- New York Ex-Lawmaker Gets Prison in Insurance Fraud Case
- Colorado Bill Restricting Homeowners Insurance Cancellations Defeated
- Company Faces $300M Penalty in Pennsylvania Pollution Suit
- Pennsylvania Ponders Workers’ Comp for Small Business Owners
- Igor, Tomas Retired as Hurricane Names
- Florida Lawmakers Take Two-Pronged Approach to Insurance Reform
- Insurer Shares Relatively Unaffected by Japan Damage Estimates
- Bayer Suit Latest to Allege Gender Bias in Employment
- Guy Carp to Develop Agriculture Microinsurance for Mozambique Farmers
- Munich Re Estimates Japan Quake, Tsunami Claims over $2 Billion
- Hannover Re Estimates Japan Quake, Tsunami Losses at $355 Million
- Japan Govt. Estimates Quake, Tsunami Damages at $185 to $308 Billion
- Platinum Estimates NZ Quake, Aus. Flood Losses at $160 Million; Assessing Japan
- Best Places Topiary Capital Debt Rating under Review/Developing
- London Broker Sees Some Libya Claims, but Situation is Unclear
- Ironshore Specialty Introduces Lead Umbrella Product for Agriculture Industry
- L/B/W CEO Like Recognized by Regional Business Publication
- Encircle Insurance Services Joins ISU Network
- First Community Seeks 23% Florida Homeowners Insurance Rate Hike
- Insurer Responds to Lawsuit Over Colo. Bomb Threat
- Starr Marine Names New Commercial Inland Marine Product Line Manager
- Wisconsin Plant Hit by 2009 Blaze Gives Fire Department $50,000
- Kansas Workplace Injuries Drop by 12% in 2009
- Texas Broker Bowen, Miclette & Britt Acquires Florida Agency
- Virginia’s CSE Agency Joins Keystone
- R.V. Nuccio Launches Website Dedicated to Wedding Insurance
- Lawsuit: Failing Missouri Schools Should Pay for Transfers
- Commentary: 100 Percent PD Award Encourages Discrimination
- Connecticut Woman Tests State Workers’ Comp Laws
- Vermont Lawmakers Ask for Study on Medical Malpractice
- Bills Filed in Texas Aimed at Increasing Insurance Policy Transparency
- Texas Wind Pool Reminds Agents of Switch to Direct Deposit Commissions
- Maryland Weighs Prohibition on Insurers’ Use of Credit Scores
- No Need to Remove Wiring in Homes with Problem Drywall: U.S. Officials
- State Farm Sponsors ‘Stay-in-School’ Campaign with Heat’s James
- Tennessee High School Cheerleading Squad Charged with Gender Bias
- AXIS Estimates NZ Quake, Aus. Flood Losses at $275 to $315 Million
- BIBA Calls for Realistic Regulation of UK Brokers
- Japan Disaster Shows up Flaws in ‘Just-in-time’ Production
- EU Prods China to Relax Restrictive Bank Ownership Rules
- Euler Hermes, China Pacific Team up to offer Trade Credit
- Feds, Shareholders at Odds Over West Virginia Mine Blast Documents
- Majestic Capital Terminates Merger Agreement with Bayside Capital
- Texas Lawmakers Roll Out Plans to Reform Wind Pool
- Time Cushion Sought for Medical Malpractice Cases in Nevada
- 2 Worker’s Comp Fixes at Odds in Washington State
- Missouri Conservatives Back Health Insurance Exchanges
- Louisiana Citizens Property Insurance Corp. Rates to Rise July 1
- North Dakota Insurance Commissioner Says Fraud Referrals Are Up
- Arkansas Economy Less Affected by Recession
- 3M Settles Age-Discrimination Suit for Up to $12M
- Former New York Lawmaker Faces Prison for Insurance Fraud
- Virginia Man Wins $25M in Lawsuit Against Exxon
- New Jersey Captive Group Appoints Board
- Florida Lowers Collateral for Montpelier Re
- Mississippi College Football Player Sues Nightclub Over Shooting
- U.S. Nuclear Plants to Undergo Safety Reviews
- Ratings: Berkshire Hathaway/Lubrizol; First Mercury, Mennonite
- Ratings Roundup: NAGICO, Transmonde
- S&P Says Rating Actions on Japan Insurers Unlikely
- Wilkinson to Lead Willis’ Realigned International Business
- Alterra at Lloyd’s Appoints Abrahams Sr. Property Underwriter
- Alliant Issues New Report on Insurable Risks in 175 Countries
- Swiss Re Estimates Japan Earthquake, Tsunami Claims at $1.2 Billion
- Designated Driver Services Steering Drinkers to Safety
- Interpreter Lien Claimant Must Prove Its Services Were Necessary
- AIG Estimates $1 Billion in Q1 Catastrophe Losses, Most from Japan
- Gov. Brown Declares Emergency in 2 More Calif. Counties
- Ohio Doctor’s Office Raided in Crackdown on Drug Abuse in Comp System
- McRaith to Lead New Federal Insurance Office
- MetLife Auto & Home Launches Combo Package Policy in 28 States
- General Star Appoints Marsh U.S. Consumer to Program Administrator Role
- Former Ohio Insurance Agent Sentenced for Role in Fraud Scheme
- Assured Agencies Names Anderson Senior VP
- Main Street America Promotes New Executives and Officers
- Oklahoma House Passes Cap on Non-Economic Damages
- Calif. Senators Introduce National Earthquake Legislation
- United Fire Gets Approval to Acquire Mercer Insurance Group
- Who’s Worth What in the Independent Agency System? Find Out … Join IJ’s Survey
- Young Texas Gang Members Busted for Arson in Bastrop County
- Wisconsin Meatpacking Plant Fire Claim Settled for $208M
- New York Governor Will Review Safety at Nuclear Plant
- Risk Retention Group Seeks Court Order in Nevada Auto Liability Case
- New Hampshire City Investigates Five Arsons in Six Days in
- Tech Risks to Watch in 2011
- Research Group IBHS Adds ‘Insurance’ to Name
- FERMA Calls for Withdrawal of New Brazilian Reinsurance Regulations
- MDS Acquires 50% Stake in Portuguese Auto Insurance Specialist
- RAA Affirms Industry Can Handle Japan Catastrophe
- Marsh Warns Japan Disaster Could Disrupt Global Supply Chain
- Airbus Placed Under Investigation over Rio-Paris Crash
- Lloyd’s Chaucer Lowers NZ Quake, Aus. Flood Loss Estimates; Assessing Japan
- Everest Re Puts NZ Quake Losses at $140 to $210 Million; CEO Comments on Japan
- Endurance Estimates $15 Million Aus. Flood Loss; $45 Million NZ Quake
- Alterra Gives Estimates Aus. Floods, Cyclone Yasi, NZ Quake Losses
- Supply Chain Concerns Grow as Japan Lacks Parts, Power, People
- Chubb Adds Pet Injury Coverage, Other Enhancements to Auto Policy
- Marsh Expands U.S. Construction Practice
- Arkansas Updates Procedures for Insurance Producer Appointment Renewals
- Florida Senate Moves to Curb Liability Suits Against Car Makers
- Big Quake Would Crumble Many Portland Buildings
- New York Fraud Investigators Arrested 668 People Last Year
- Western Region Insurance Women’s Association Names Award-Winners
- Gibbons Joins Intercare Holdings Insurance as VP
- Oklahoma Senate Approves Ban on Texting While Driving
- Worker at Rhode Island Business Dies
- Dad of Gas-Soaked Stun Gun Victim Sues Pennsylvania Police
- EU Regulator: ‘No Major Threat’ to Europe’s Insurers from Japan Crisis
- North Dakota Flood Insurance Policies Down Slightly
- Missouri Senate Endorses Workers’ Comp Changes
- As Economy Improves, Risk Profiles Can Worsen
- Unrest in Captive Insurance World Benefits the GlobalGreen Agency
- U.S. First Responders Will Learn from Japan’s Tragedy: Napolitano
- Georgia Seeks Waiver from Medical Loss Ratio Rule
- Mississippi Senate Sends ATV Safety Bill to Governor
- Shipowner Calls for Suez Canal Boycott over Pirate Threat
- Global Fears Mount as Japan Takes Desperate Measures to Cool Reactors
- EQECAT Updates Japan Quake/Tsunami Analysis; Insured Losses $12-$25 Billion
- Lloyd’s Insurer Kiln Enters Liability Market
- XL Insurance Promotes Bruce-Smythe to CUO – Int’l. P/C
- RenRe Estimates Australia Flood Losses $30 Mn; NZ Quake $190 Mn
- James to Lead Fireman’s Fund’s National Broker Team
- Kentucky to Penalize Lawyers Who Solicit Auto Accident Victims
- Oregon Supreme Court: Negligence Claim OK, Despite Contract
- State Cites Notre Dame Safety Violations in Student Death
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