News for September 2011
- Western General Downgraded
- California Earthquake Authority Inks Risk Deal Sans Reinsurance
- Irene Generated 28,500 Insurance Claims in Massachusetts
- D.C. Metro Sues Insurer Lexington for $13M Over Lost Revenue
- Allstate, Encompass Fined for Violating Delaware Insurance Law
- Millennium Brokerage Forms Long Term Care Program Through Physicians Financial
- Workers’ Compensation Rate Hike for Oregon
- Federal Flood Insurance Program Extended Briefly
- Wells Fargo’s Insurance Unit Buys Reno Firm
- Berkshire Hathaway to Buy N.J.-based Princeton Insurance
- Agriculture Losses from Texas Wildfires Adding Up
- Oklahoma Governor Announces Storm Shelter Rebate Offer
- Shoemake Ushered in as President of Alamo Chapter of CPCU
- Plaintiffs Notch Legal Win in Illinois Cigarette Suit
- MJ Insurance Named Best Practices Agency for 8th Consecutive Year
- Harris County Flood Control District Unveils New Flood Mapping Tool
- Kansas Storm Damage Insurance Claims Set Record
- Texas Man Sentenced to 60 Years for $100M Insurance Fraud
- Nursing Home Case Spotlights West Virginia’s Malpractice Damages Cap
- Shell Singapore Refinery May Shut for a Month; Distillates Force Majeure
- Nationwide, Harleysville CEOs Reassure Agents: Merger All About Growth
- Global Insurance Rates Flat Overall in Q3 Says Marsh
- After Embezzlement Claim, Insurer Drops Tennessee County’s Policy
- BP Pays Alabama City $1.2M for Revenues Lost Due to Oil Spill
- Failed Alabama Bank Executives Settle Investor Lawsuit for $10.5M
- New Jersey Flood Victims Have Received $116M in Federal Aid
- Pennsylvania Injury Lawsuit Over Band’s Stage-Diving Upheld
- Climate Aid Progress May End Kyoto Rancor
- New York Law Requires Risk Reports by Group Homes
- Federal Agency Alters Public Pool Safety Rule
- SEC Concedes Challenges in Probes of Rating Agencies
- Ex- Swiss Re CEO Coomber Named as New ClimateWise Chairman
- Typhoon Nesat Hits Hainan Island, China Mainland; AIR Analysis
- North P&I Club, GRAY PAGE to Vet ‘Armed Maritime Security Providers’
- IAIS Study Indicates Big Insurers May Not Face Same Capital Rules as Banks
- Insurer Retools Home Value Insurance Coverage
- Aon Hires Two SVPs to Meet Southern California Growth
- MOC Insurance Services Combines with San Francisco Insurance Center
- Ohio Workers’ Comp Bureau: Lower Rates for Public Employers Proposed
- E. coli Scare Prompts Tyson to Recall Ground Beef from Kansas Plant
- Former Idaho Insurance Investigators Sue Department of Insurance, Others
- Tornado Repairs Tracked in Minneapolis
- The Hartford Introduces Management Liability Policy For Healthcare Organizations
- Ratings Recap: Gulf, Unity Re, Connaught, Macau
- Power Utility Sued After Massive Texas Wildfire
- Feds Sue Texas Firm for Firing 600-Pound Employee
- For Some in Midwest Deadline for Flood Claims Is Today
- Nationwide and Harleysville Insurance Agree to Merger; Analysts Respond
- Judge Lets Agent Orange Case Against Monsanto Proceed
- Best Downgrades, Places on Review Ansvar Insurance (New Zealand) Ratings
- Panel Reports Climate Change to Cost Canada Many Billions
- UPDATE: Fire Surges at Shell’s Singapore Refinery
- Typhoon Nesat Hits China after Pummeling Hong Kong
- Report: Allianz, AXA among Likely Bidders for HSBC Unit Sale
- Xchanging Gains Full Control of Brokerage Services Subsidiary from Aon
- Aon Benfield: Reinsurers Expected to Pay 2/3 of Australia, NZ Cat Losses
- Safety Group Says Conn. Blast Shows Need for ‘Gas Blow’ Rule
- N.Y. Official Says Alleged Insurance Scam Artist Caught
- Chubb Reports Q3 Disaster Losses Up to $475 Million
- Penn. State Workers’ Insurance Fund Provides Relief to Policyholders
- California’s Align Financial, Excellere Form Non-standard Auto Insurer
- SNL Buys Summit Media’s Financial Information Unit, Highline Data
- Jones Explains New California Workers’ Comp Calculations at Public Hearing
- Robinson Joins Iroquois as Regional Manager of California
- State Fair Collapse Suit Challenges Indiana’s $5M Tort Cap
- Kinsey Named Senior VP in Lockton’s St. Louis Office
- Arkansas Insurance Commissioner Seeks Exchange Support
- Higginbotham Promotes Bateman in Dallas
- Ad Campaign Seeks Limits on Civil Lawsuits in Louisiana
- Independent Agents Worried About Nationwide/Harleysville Deal
- Business Group, 26 States Take Healthcare Law Challenge to Supreme Court
- BB&T Expands in Baltimore Area, Acquires Atlantic Risk Management
- Port Authority Cleared of Negligence Claims in ’93 WTC Bombing
- FEMA Again Urges At-risk Communities to Buy Flood Insurance
- Workplace Fatalities Decline in Virginia
- Facebook Policies Tricky for Employers, Employees
- Congress Raises Anxiety, Anger Levels of Disaster Victims
- Rating Agencies Win Dismissal of Ohio Funds Lawsuit
- Republican Ryan Proposes Individual Health Insurance Tax Credit
- Judge Narrows $1B Madoff Case vs. N.Y. Mets Owners
- Federal Agents Raid Settlement Payments Firm Imperial Holdings
- Michigan Oil Spill Cleanup May Cost $700M
- Aon Appoints Waerseggers to Head European Power Business
- Best’s Special Report Sees Mounting Pressure on UK’s P&C Insurers
- AIR Analyzes Typhoon Nesat’s Impact on Philippines
- Cigna Acquires UK’s FirstAssist Insurance Services to Broaden Product Line
- Fire at Shell Singapore Refinery Contained
- LG Seeks Ban on BMW, Audi Sales in Korea over Osram Lighting Products
- Huge Floods in Manila as Typhoon Nesat Hits Philippines
- US Quake Project Aimed to ID Future Hotspots
- Satellite’s Impact Pinned
- Washington Insurance Commissioner Fines Insurers $1M This Year for Violations
- VandeKemp Promoted to Assistant VP of Swett & Crawford Denver Office
- Colorado Chemical Depot Says Safety Still a Concern
- Shanghai Subway Trains Collide Injuring More than 270
- One Frustrated Florida County Tackles Auto Insurance Fraud On Its Own
- Louisiana Agent Arrested for Alleged Insurance Fraud
- Lloyd’s Calls for Redrawing Disaster Roles in U.S. for Government, Private Insurers
- Iowa Won’t File Criminal Charges Against Texas Firm
- Improved Flood Rating Means Lower Insurance Rates for Louisiana Town
- Michigan Earns Outstanding Big ‘I’ Young Agents Award
- 87 Firefighers Died on the Job in 2010; 56 Were Volunteers
- Alteris’ SeptiCover Endorsed by National Association of Wastewater Transporters
- Insured Losses in Bastrop County Fire to Reach $250M
- Senate Confirms Woodall as Insurance Voting Member on Financial Stability Panel
- Pennsylvania Liquor Tax Should Go to Disaster Relief Fund: Lawmaker
- Senate Approves Government Funding, Disaster Aid Bill
- Accounting Firm Sued for $7.6B, Accused of Missing Lender Fraud
- Supreme Court to Hear Federal Healthcare Mandate
- Argo Group Opens Office in Dubai
- Best Upgrades Greenlight Re’s Ratings to ‘A’; Outlook Stable
- Best Special Report: Finds Strong Reinsurance Demand in Middle East, No. Africa
- Genworth Creates Reinsurance Treaty for Mortgage Insurance in Europe
- Williams to Head Liberty International’s D&O, Financial Institutions Business
- Transatlantic in Talks with New, Undisclosed Bidder
- Hurricane Center Tracking Hurricane Hilary off Coast of Mexico; Atlantic Storms
- Mass. Family in Last 9/11 Case Says Officials Escaped Responsibility
- Families of Two Who Died at Michigan Farm Sue
- Group: National Flood Insurance Harms Salmon in Puget Sound
- CSE Insurance Group’s Pay-As-You-Go Program Approved in California
- Ratings Recap: FM Global (UK), Tapiola
- Texas Denies State Farm’s Catastrophe Petition
- Nationwide Mutual Reportedly in Talks to Buy Harleysville
- Best Affirms FM Global Group and Members ‘A+’ Ratings
- Receding Missouri River Reveals Badly Damaged Land
- Mayor Says Congress’ Lack of Action Means Uncertainty for Joplin, Missouri
- Des Moines, Iowa, Executive Pleads Guilty to Insurance Fraud
- Willis Energy Hires Farebrother to Lead Houston Sales Team
- Some Flood Zones to Shift with New Lafayette Parish Flood Maps
- Citing Scope of 9/11, N.Y. Judge Tosses WTC Suit
- Marsh Names Flynn CEO of U.S. Consumer Unit
- Burns & Wilcox Promotes LaLonde to Manager, Insurance Solutions
- Henson Joins Iroquois of Tennessee
- Berkshire Hathaway to Buy Back Shares
- Video on West Virginia Plant Leak Urges Manufacturing Safety
- Warning: Insecticides Can Be More Dangerous Than Bedbugs
- Former Head of Liberty Title in N.Y. Sentenced to 20 Months in Prison
- Michigan Auto Insurer Pursues ‘Unlawful Taking’ Defense
- State Farm: Weather Claims This Year Reach $5 Billion
- Willis and XL Implement e-Accounting for London Market
- Ryan Specialty Completes Acquisition of Lloyd’s Insurer Jubilee
- Validus, Transatlantic Make Peace; Confidentiality Agreement Signed
- AXA Completes Sale of Canadian Operations
- Island Nations at UN Warn of Climate Disaster
- Insurance Journal Names Ha as East Editor
- Mortgages At Risk If Flood Insurance Program Expires
- Swiss Re Policies Help Cholera Victims in Haiti, Poor Farmers in Africa
- Officials Urge Vermonters to Get Flood Insurance Before Sept. 30
- Elliott Joins GNW-Evergreen Nonprofit Division
- McLarens Young Acquires Washington Oregon Claim Service
- Ryan Specialty Group Completes Acquisition of Specialist Lloyd’s Insurer
- Foremost Upgrades Auto Program in Arizona
- Washington Workers’ Comp Overhaul Keeps Business Costs Down
- Supermarket Recalls Chicken Sold in Illinois, Minnesota, Wisconsin
- Five Star Specialty Launches Breakdown Service for Bus, Waste Hauler Vehicles
- Texas Car Dealer Convicted in Title Washing Scheme
- Senate Poised to Defeat House Spending, Disaster Aid Bill
- Driverless Car Navigates Berlin Streets
- Citizens Goes Along with Florida Sinkhole Rate Decision
- USI Acquires Florida’s de la Parte Agency
- XL Insurance Adds Chase in Boston, Mandziara in Chicago
- North Dakota, Minnesota Leaders Ask Obama for River Diversion Money
- Florida Firm to Appeal in Bid for Sunken Spanish Treasure
- Flood Insurance Claim Deadlines Near in South Dakota
- $97M Worth of Timber Destroyed in Texas Wildfires
- MHBT Appoints Moss as Employee Benefits Account Executive
- IRS Gives Employers Break on Misclassified Employees
- Florida PIP Cost Battle May Extend to Physician Referral Services
- Irene Water Damage Worse Than Wind: Ipsos/Reuters Poll
- Aon Risk Appoints Bentele, Dalchow to New Global Crisis Management Posts
- ARIS Art Title Insurance Adopted as Protocol by Global Art Fund Manager
- AIR Estimates Typhoon Roke Insured Losses at $150 to $600 Million
- Liberty Syndicates Names Sakamoto to Strengthen Brazil Platform
- Miller Appoints Smith for Scandinavian Binding Authority
- UK’s Tawa Posts $11 Million 1st Half Profit
- Health Industry Lacks Patient Data Safeguards
- Insurance Journal Names Jergler West Editor
- Falling Satellites? Uncle Sam’s Got It Covered, Mostly
- Heffernan Names Schroeder as SVP
- Washington, D.C.-based Broker Ames & Gough Promotes Four Executives
- 1 in 3 in Massachusetts Hit by Data Breaches
- BB&T to Acquire Liberty Benefit in California
- NAS Appoints Schmickle SVP of New Entertainment and Sports Division
- Marsh Advises Risk Managers As C-Suite Expectations Rise
- New Sports, Special Events Insurance Agency Started in Indiana
- Indiana Expediting Claim Process for Victims of State Fair State Collapse
- Indiana Increases Non-Resident License Fee for Illinois Producers
- Power Line Sparks Likely Caused Bastrop, Texas Blaze
- Texas Workers’ Comp August Enforcements Include Fines of Up to $18K
- Florida Approves Use of Revised RMS Hurricane Model
- California Homeowners’ Suit Against Builders Revived
- BP Oil Lingering on Gulf Coast Floor Could Pose Long-Term Risk
- AIG Appoints Former IRS Attorney as Deputy Tax Director
- Freedom Specialty Hires Cyber Liability Products Director
- Mass. High Court Upholds Charging Fees for Traffic Ticket Appeals
- House Defeats Bill Funding Government; FEMA, Flood Insurance in Doubt
- How Federal Reserve’s Move Hurts Life Insurers
- Insurance Journal Names Trammell as South Central/Texas Advertising Rep
- Hurricane Center Tracking TS Ophelia; Poses No Immediate Threat
- AIR Report: Typhoon Roke Now Offshore; Passed Tokyo with Heavy Rain
- Wilford to Head Willis Global Aerospace; Smaje is New CEO; Hanrahan, President
- Lord Levene to Receive Rarely Given Gold Medal for Services to Lloyd’s
- Aon Benfield Conference Underlines ‘Complexity’ of Catastrophic Events
- Willis Chief Tells Asian CEO’s Insurance ‘Not Just About Coverage’
- Best Affirms XL Group, P&C Subs ‘A’ Ratings; Outlook Stable
- Lloyd’s CFO Stresses Overall Strength after Record Loss
- Florida Supreme Court Weighs If Public Adjuster Law Limits Free Speech
- Wells Publishing to Launch New Claims Journal Magazine
- Politicians, Investors Worry Over Shrinking Middle Class, Role of Social Media
- In Wake of Reno Tragedy, Insurers Draw Distinctions Between Air Races and Airshows
- Insurer Group NAMIC Names Illinois Rep. Biggert ‘Legislator of Year’
- Insurer Group NAMIC Honors Hartwig
- Source: Sheen, Warner Nearing Deal on Lawsuit
- Google Urges Judge Reject Oracle’s $2.2B Patent Damages Claim
- Ratings Roundup: Dryden Mutual, Western Ins., Ally Ins., FHM
- Virginia-based Hilb Group Expands in New York State
- Selective to Acquire Montpelier Re E&S Unit for $55M
- Ratings Recap: NIPPONKOA (China), Leadway, B&B, Montpelier Re, Milli Re
- Zurich to Offer Contract Litigation Insurance for Real Estate Firms
- U.S. Risk Acquires American Special Risk of California
- Aon Risk Appoints Real Estate-Focused Account Executive in San Francisco
- Ohio Mutual’s Kennedy Sworn In As Chairman of Insurer Group NAMIC
- Fire-Ravaged Texas Land May Lose Half Its Value
- Texas Forest Service: Residents Should Clear Debris Around Homes
- USI Insurance Acquires Ohio’s First Place Insurance Agency
- Texas Mutual Announces Safety Group for Oil and Gas Industry
- Central Insurance Honored With Big ‘I’ Best Practices Award
- Insurer Says Exclusion Bars Payment in Nebraska Pastor’s Death
- AssuredPartners Acquires Kentucky-Based Agency Neace Lukens
- West Virginia College Town Tries to Curb Football Game Fires
- Kentucky Tries to Find Amish Buggies Compromise
- U.S. RE Executive Joins N.Y. Reinsurance Broker Holborn
- Massachusetts Family Settles Last Wrongful Death Lawsuit from 9/11
- Ex-Insurance Agent in Pennsylvania Sentenced for Fraud
- Cooper Gay Swett & Crawford: A Global Broker Pioneers a New Path
- Bill Would Funnel Fines Paid by BP to Gulf States
- Consumers Not Required to Arbitrate Warranty Claims with Car Dealers: Court
- Best Upgrades Philadelphia Insurance Co. and Members Ratings
- FERMA Elects Luzzi as Next President, Dennery as VP
- Malta, Slovenia Risk Management Associations Join FERMA
- Typhoon Roke Threatens Japan: AIR Report
- Lloyd’s Reports Billion Dollar First Half Loss Due to Catastrophes
- Lloyd’s Bolt: Offshore Energy Underwriters Aren’t ‘Robustly Managing Risks’
- RLI Expands Miscellaneous E&O Coverage Through New Product
- MedMal Direct Insurance Co. Launches MedMal Direct University
- Associated Builders and Contractors, CNA Partner to Advance Construction Safety
- California’s Devonshire Taps Fitzgerald as VP of Business Development
- Marine Insurers Backing Armed Guards as Piracy Threat Grows
- Ohio Supreme Court: Township not Liable for Officer’s Out-of-Jurisdiction Crash
- Torus Acquires Broadgate, Lloyd’s Syndicate 1301
- Bastrop, Texas, Wildfire Nearly Contained, Thousands Left Homeless
- Texas Workers’ Comp Weekly Benefit Rates Set
- Former Controller for Texas Insurer Sentenced for Wire Fraud Scheme
- Florida Regulator Slashes Sinkhole Rate Hike, Lowers Others
- Berkley Net Names Foushee Director of South Workers’ Comp
- Lloyd’s Syndicate Withdraws 9/11 Lawsuit Against Saudi Arabia
- Vermont Businesses Plan ‘Floodstock’ to Aid Irene Recovery
- Michigan City Reported 5 Vacant Building Fires in 4 Hours
- Florida’s SeaWorld Fights OSHA Findings in Trainer’s Death
- EQECAT President on the Continuing Evolution of Catastrophe Models
- Italy Downgrade, Greek Worry Dominate Europe’s Financial Markets
- Whittington Sells UK Business to Finance Asia Expansion
- U.S. Court Unfreezes $18 billion Ecuador Award against Chevron
- More Than 800,000 Vehicles Recalled in U.S. Last Week
- Tennessee Fire Departments Lacking in Volunteers
- Massachusetts Trucker Convicted of Insurance Fraud
- Obama Deficit Plan Targets Farm Subsidies, Crop Insurance
- ‘Hank’ Greenberg to Host Fundraiser for Republican Candidate Perry
- President Obama Endorses House Flood Insurance Bill in Deficit Plan
- Court Dismisses U.S. Suit Against BP Executives, Directs Investors to File in UK
- Court Approves $43 Million Montana Asbestos Settlement
- Settlement for $44 Million Reached in 2007 Bay Bridge Crash and Oil Spill
- R.I.-Based FM Global Vice Chairman Bosman to Retire After 40 Years
- Va. Supreme Court: Insurer Not Liable For Claims From Global Warming
- Pennsylvania Jury Finds Nurse Liable, Awards $23 Million to Amputee
- Lockton Names Senior Executives to Lead Phoenix Team
- Industry Expects Another Short-Term Extension for Flood Insurance Program
- The Hartford Launches Data Breach Coverage For Small Businesses
- Appalachian Underwriters Launches Commercial Lines Rater for Auto Dealers
- Reno Crash Probe Focuses on Wayward Part
- Southern California City Taking Steps to Keep Its Insurance
- Corps Pegs 2011 Flood Damage to Levees at $2B
- Transatlantic Dismisses Fresh Berkshire Offer
- Insurance Payments in Joplin, Missouri Recovery Top $1B
- Top 5 Technology Priorities for P/C Insurers
- Louisiana’s Unemployment Rate Falls to Lowest Level for the Year
- CAA Adds NTX Insurance Group
- Corps Backs Missouri River Study
- Universal North America Names Barrales President
- Ex-NBA Player Loses Discrimination Claim Against Georgia Bar
- Former Florida Governor Bush Goes into Disaster Response Business
- Mining Industry Launches Safety Program
- Churchill Downs Ending Payments for Jockeys’ Off-Track Injuries
- Alabama Special Session on Home Insurance Possible in January
- New Patent Reform Law Aims to Reduce Backlog, Curb Lawsuits
- More Americans Believe World is Warming: Reuters Poll
- Reinsurance Underwriting also Means Risk Management at Endurance
- Good News – Bad News from the Reinsurance Rendezvous
- Hamilton Joins UK’s Miller from Bowring Marsh
- Aon Report Concludes Piracy Threat Spreading to East Africa Coast
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