Monday, 30 April 2012

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Infodatasource

Daily Headlines: Monday, April 30, 2012

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Claims Journal Daily Headlines
April 30, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West

Today's Headlines

National

Evaluating Tenders of Defense and Indemnification

Evaluating additional insured and contractual indemnification tenders means asking what was promised by an insured to others and how the ...

Claims Journal 2012 Job & Salary Survey

Do you want to know how your salary and benefits stack up against your peers? Are you interested in what others consider the biggest ...

As America’s Waistline Expands, Costs Soar

U.S. hospitals are ripping out wall-mounted toilets and replacing them with floor models to better support obese patients. The Federal ...

Yahoo Escalates Patent Battle With Facebook

Yahoo is bringing out more artillery in its patent battle with Facebook. It is adding new allegations of intellectual property theft to its ...
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East

Report: 58 Massachusetts Workplace Fatalities in 2011

Fifty-eight workers across Massachusetts were killed on the job in 2011, including ten firefighters who died from work-related cancer and ...

Man Sues Maryland Police Over Fiery Crash That Killed 3

A man who survived a Maryland police chase that ended in a fiery crash with three dead has sued the Montgomery County police department. ...

New Jersey Tenants Sued Over Haunted House Claim

A New Jersey landlord has filed a lawsuit against a couple who claim their rented house was haunted. Landlord Richard Lopez is seeking ...

5 Maryland Men Indicted for Allegedly Selling Counterfeit Goods

A federal grand jury has indicted five Maryland individuals related to a conspiracy to traffic in counterfeit goods, following an ...
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Midwest

Legislation in Ohio Targets Wrong-Way Drivers

Several wrong-way auto accidents in Ohio, including a crash that killed three sorority sisters, have pushed lawmakers to introduce ...

Kansas University Meteorology Students Crazy About the Chase

For once, Garrett Black and the three other people in the car were in exactly the right spot at exactly the right time. And for Black, a ...

Fire Ravages West Michigan Lumber Company Complex

The fire chief in the Allegan County community of Hamilton, Mich., says a fire at a lumber company complex leveled four of six buildings ...

Earthquake Simulator Offers Science Safety Tips

Indiana residents wanting to learn what an earthquake feels like in a safe environment will have opportunities this year through a ...

Insurer Says it’s Not Liable for Drug-Related Michigan House Fire

An insurance company claims it should be reimbursed after a fire linked to drugs badly damaged a house in Bay City, Mich. Nationwide Mutual ...
Southeast

Kentucky Woman Says Dentist Dropped Tool Down Throat

A Kentucky woman is suing a dentist, accusing him of dropping a small screwdriver down her throat that migrated to her digestive tract and ...

$322M Verdict in Mississippi Asbestos Suit Overturned

An asbestos lawsuit that once resulted in a $322 million verdict for a Mississippi man has turned in favor of the company he sued. Thomas ...

Citizens Board Postpones Bid to Increase Rates

The governing board for the state-backed Citizens Property Insurance Corp. at least temporarily backed off a proposal Thursday to begin ...
South Central

Texas Church to Double as Storm Shelter

When a tornado threatened his construction site on April 3, Kevin Drake knew just where to seek sanctuary: inside the unfinished home of ...

Fire Damages Texas Restaurant

An overnight fire led to an estimated $10,000 damage to an El Paso, Texas, eatery. About 11 fire units and 29 firefighters responded to the ...

Donan Engineering Expands to Louisiana

Donan Engineering Co., Inc. announced plans to offer forensic investigative services from a new Baton Rouge, La., office beginning May 1, ...
West

Southern Arizona Science Project Sparks Wildfire

A science project at a southern Arizona school sparked a 15-acre wildfire and led to the school's evacuation. The project involved model ...

University of Wyoming Scientist Looks for Bacteria in the Clouds

University of Wyoming professor Gary Franc has spent his career studying plant pathology as it relates to crop production, but now his ...

Allegations Dismissed Against California Arena Designers

A judge has dismissed allegations brought against the designers of the Staples Center by the parents of a 2-year-old boy who died after ...

Montana Garage Fire Was Arson

Police in Butte, Mont., say a fire that destroyed a detached garage earlier this week was intentionally set. Capt. Doug Conway told The ...
International

Cyclists Demand Safer Streets in Rome

Thousands of cyclists have pedaled through Rome in a demonstration demanding more respect and safety for those who get around the city on ...

Apartment Blocks May Host Missiles for Olympics

Surface-to-air missiles could be stationed on the rooftops of an apartment block in east London as part of Britain's air defenses for the ...

Report: 20 Killed as 2 Buses Collide in India

A news report says two buses have collided head-on and fallen into a ditch in northern India, killing 20 people and injuring 25 others. The ...

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Spring 2012
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Daily Headlines: Monday, April 30, 2012

Is Yours a Top 100 P/C Independent Agency? Now, 3 ways to qualify. Click here for more information.
Insurance Journal Daily Headlines
April 30, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

As America’s Waistline Expands, Costs Soar

U.S. hospitals are ripping out wall-mounted toilets and replacing them with floor models to better support obese patients. The Federal ...

Victims of Cyberbullying Fighting Back in Libel Suits

When a Georgia middle school student reported to police and school officials that she had been bullied on Facebook, they told her there was ...

Consumer Rebates Under Medical Loss Ratio Estimated to Be $1.3 Billion

More than 3 million health insurance policyholders and thousands of employers will share $1.3 billion in rebates this year, thanks to ...

U.S. E&S Market Premiums Increase in 2011: SNL Financial

U.S. excess and surplus market is seeing a slight uptick in premiums, a new report reveals. After several years of declines, U.S. E&S ...

Regulation, Reputational Risk Top Concerns of Risk Managers: Lloyd’s

A heightened focus on insurance regulation as well as exposures related to reputational risk are top concerns for insurance executives ...

Best Affirms Horace Mann Educators and Subs ‘A-’ Ratings

A.M. Best Co. has affirmed the financial strength rating (FSR) of 'A-' (Excellent) and issuer credit ratings (ICR) of "a-" of the ...

Big ‘I’ Chairman Donohoe Extols Association’s Value in Fast-Changing Times

Speaking at the Independent Insurance Agents and Brokers of America (IIABA) conference, IIABA Chairman Mike Donohoe said the association is ...

From MyNewMarkets.com OneBeacon Forms New Specialty Program Group

OneBeacon Insurance Group, Ltd. has formed its newest specialty business, OneBeacon Program Group (OBPG), which will be led by President Dan...

From IJAcademy.com Business Income Demystified At Last – A Training Series

Few insurance coverages illicit such fear or visceral reactions as does business income coverage (aka time element coverage). Without being too glib, business income concepts are...
Sponsored by: IMCA. The Altitude Isn't The Only Thing That Will Make You Stand Out. IMCA Annual Conference. June 24-27, 2012. Click here for more information.
East

58 Massachusetts Workers Were Killed on Job in 2011: Report

A new report says 58 Massachusetts workers were killed on the job in 2011, at an average of 1.1 worker death each week. The report, titled ...

Best Downgrades Interstate Auto’s Ratings to ‘C+’; Outlook Negative

A.M. Best Co. has downgraded the financial strength rating to 'C+' (Marginal) from 'C++' (Marginal) and issuer credit rating to "b-" ...

Insurance Company Balks at Claims in Fatal Conn. Fire

An insurance company said it should not have to pay claims or lawsuits stemming from a Christmas morning fire that killed five people ...

The McGowan Cos. Purchases Md.-Based Allied Insurance Brokers

The McGowan Companies (McGowan), based in Fairview Park, Ohio, purchased the assets of Allied Insurance Brokers Inc. (Allied). Allied, ...

N.J. Gov. Christie Undecided on Health Insurance Bill

New Jersey Gov. Chris Christie says he wants the state to spend as little as possible implementing new federal health insurance ...

Former N.Y. Agents Sentenced to Jail for Swindling Elderly Clients

New York regulators said two former insurance agents who pled guilty to swindling $400,000 from elderly clients by fraudulently changing ...
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Midwest

Missouri House Passes Whistleblower, Work Comp Bills

The Missouri House passed two pieces of business legislation aimed at overcoming vetoes by Democratic Gov. Jay Nixon earlier this year. ...

Missouri Woman Wins $5.8M in ‘Girls Gone Wild’ Case

A company that makes "Girls Gone Wild" DVDs is seeking to overturn a verdict awarding nearly $6 million to a St. Louis-area woman who ...

Insurer Says It’s Not Liable for Drug-Related Fire in Michigan

An insurance company claims it should be reimbursed after a fire linked to drugs badly damaged a house in Bay City, Mich. Nationwide Mutual ...

Kansas Senate Panel Considers Disaster Funding

Kansas legislators have begun work on a bill that would create a special fund to cover the state's share of disaster assistance. Maj. Gen. ...
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Southeast

Citizens Delays Rate Hike for New Business

The governing board for Florida's state-backed Citizens Property Insurance Corp. has at least temporarily backed off a proposal to begin ...

Alabama Lawmakers Pass Ban on Texting While Driving

State lawmakers have voted unanimously to make Alabama the 38th state to ban texting while driving. A compromise version of the bill by ...
South Central

Louisiana Senate Rejects Bill Removing Smoker Protection

Louisiana senators refused on April 26 to repeal a law that bans employers from discriminating against smokers, after opponents said the ...

Disaster Assistance Approved for Oklahoma Woodward County

Gov. Mary Fallin says the U.S. Small Business Administration has approved disaster assistance for Woodward County following a deadly ...

Louisiana’s Sen. Vitter Pushes to Extend Flood Insurance Program

U.S. Sen. David Vitter is pushing for a long-term extension of the National Flood Insurance Program. The Louisiana Republican wants to stop ...
Join Insurance Journal's Academy of Insurance this Wednesday for a new class -- Linking Employee Goals with Company Goals -- Register Today
West

Mercury: First Quarter Income Rose on Lower Losses

Mercury General Corp. reported on Monday that net income in the first quarter rose to $73.4 million from $58.2 million during the same time ...

Judge: Montana City Must Pay $3M Judgment To Insurance Company In Lawsuit

A state judge has ruled the city of Bozeman in Montana must repay its insurance company the $3 million it paid after the city lost a ...

Report: Deadly Reno Fire Likely Accidental

Reno investigators say a deadly blaze in January that burned 3,100 acres and killed an elderly woman was caused by improper disposal of ...

Idaho City Police Department Settles Lawsuit

A federal lawsuit against the Nampa Police Department in Idaho by three officers has been dismissed following a $189,000 settlement. The ...

BNSF Railway Company Plume Trial To Begin

A trial to determine BNSF Railway Company's responsibilities for cleaning up plumes of fuel and toxic solvents beneath Livingston starts ...

18 Olympians Sue Over Alleged Misuse Of Names

Eighteen Olympians, including swimming greats Mark Spitz and Janet Evans, and diver Greg Louganis, have sued Samsung Corp. over a Facebook ...
International

UK Terrorism Reinsurer Pool Re Has over $7 Billion for Olympic Games Coverage

Pool Re, the state-backed British reinsurer that covers terror attack-related commercial property losses, has £4.5 billion ($7.327 ...

Earnings Reports: Validus Holdings, AXIS Capital

Selected earnings highlights from Validus Holdings for the first quarter of 2012 are as follows: ...

CNA Announces Approval from Hardy Shareholders for Acquisition

CNA Financial Corporation announced that Hardy Underwriting Bermuda Limited shareholders have voted to approve CNA's proposed acquisition ...

Best Affirms Ratings Samsung Fire & Marine (Europe) Ratings

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of 'A' (Excellent) and issuer credit rating of ...
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What D&O Buyers Look For In a Carrier

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New Discussions in the Forums

New Venture - Non-Emergency transporation
Posted: Sat Apr 28 -- I am looking to insure the same risk. Any luck meytai? marmar
1-800-Car-Insurance
Posted: Fri Apr 27 -- While words in phone numbers may be catchy... they drive me nuts. I try not to use them. FurriePrincess
Online Insurance and Leads
Posted: Fri Apr 27 -- Auds I am curious which lead firms you are referring to. nhagent
NEEDED:History and Current Trends of the Independent Agent
Posted: Fri Apr 27 -- The state to the north of you has a resource as well. PIA (Professional Insurance Agents Association). They can be a vast resource &... dm307799
How do you ask for a referral?
Posted: Thu Apr 26 -- Instead of referrals, have you tried using any lead services? Auds
Is it possible to get insurer appointments just starting out
Posted: Thu Apr 26 -- This kind of post and topic question is generally exhausting...BiggBoy, you imply that you're new to the biz with a lot of ambition and... d's insurance store
looking for feedback/advice please....
Posted: Wed Apr 25 -- My suggestion is to work with an independent agent as a producer. The KEY is to negotiate a good commission split and that YOU OWN YOUR BOOK... NYagent301
What are your thoughts on the insurance industry
Posted: Tue Apr 24 -- The key question for anyone thinking that the road to riches is paved with personal lines insurance policies is to ask 'what can I do... d's insurance store

Reader Comments

Illinois Man Sues Nestle, Wal-Mart Over Dog's Death from 'Wholesome' Treat
Posted: Tue Apr 24 -- Need to recall all dog treats made in China NOW, not wait until who knows how long an investigation takes. Well over 600 deaths have been... Jane Dough
Solution for Disaster Recovery? House in a Box, Maybe
Posted: Mon Apr 23 -- I wish there were a photo Roy
Former N.J. School Chief in Insurance Bribery Scheme Drops Suit
Posted: Thu Apr 26 -- Dear Mr. Ritacco: You broke the law in the performance of your duties. Sorry but we don't feel obligated to live up to the terms of your... reality bites
Alligator Visits Louisiana Motel, Bites Guest
Posted: Wed Apr 25 -- Damn the torpedoes and pass the hot sauce! I'm goin back for seconds! Al E. Gator
Returning Soldiers Involved in More Car Crashes: Study
Posted: Tue Apr 24 -- God bless our men and women in uniform, and those who wore it proudly. I suppose we should be grateful that they're not driving armored... reality bites

Current Issue

April 16, 2012
Current Issue
Big "I" Issue with Young Agents Survey; Medical Professional Liability; Business Interruption / Business Income; Bonus: Education & Training Directory

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For information about advertising on this newsletter and Insurance Journal magazines, contact Julie Tinney at (800) 897-9965 x148.
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Insurance Journal
3570 Camino del Rio North, Suite 200
San Diego, CA 92108
(800) 897-9965
Copyright © 2012 by Wells Publishing, Inc.

New Markets Daily: April 30, 2012

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Sponsored by: Arrowhead General Insurance Agency. Traffic Control Insurance. A Nationwide General Liability/Package Product. Click here for more information.

April 30, 2012

Playground Equipment Program

General Liability including Professional Liability - Occurrence Form. Eligible exposures Playground Equipment Installation Contractors, Equipment dealers, manufacturers.
States: All states

Market Announcements

Executive/Misc Liability

Designed for the specific needs of small businesses, OnPoint's Executive Liability Solution Suite for Small Business provides you ...
States: All states

Adoption/Foster Agencies

Target Classes: Adoption/Foster Agencies. Policy Structure: Professional Liability and General Liability Coverage;...
States: All except MN

Workers' Compensation for Healthcare Facilities (SNF, ALF, ALZ, Acute care)

We are proud to have partnered with the nation's largest workers' compensation carrier to offer this exclusive program open to the ...
States: AL, AR, AZ, CO, CT, DC, DE, FL, GA, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, NE, NH, NJ, NM, NV, NY, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WI, WV

Garage

Auto repair, tow companies, used care dealers, motorcycle dealers, heavy truck repair, used truck dealers, all terrain vehicle repair
States: OR, WA

Feature Articles

OneBeacon Forms New Specialty Program Group

OneBeacon Insurance Group, Ltd. has formed its newest specialty business, OneBeacon Program Group (OBPG), which will be led by President Dan... Read more

New BevCap Program Targets Beer Distributors

Powered by InsuranceJournal.tv BevCap Management, an independent insurance agency in McKinney Texas that specializes in the program... Read more

Only 1 Out of 4 Companies Buying Cyberinsurance

Nearly three in four corporate risk managers are not buying insurance policies to cover data breaches and damage to customers' privacy... Read more

Latest Forums

US Veterans (Virginia located) multifamily housing & jobs program seeks $3.4mm Credit Enhancement for 24 month construction loan.

Stone Green Capital LLC is seeks an insurer to underwrite a policy on a multi-unit green housing project and ...
by 5SGC on Sun Apr 29, 2012

Stand alone cargo for household goods mover

Look for Stand Alone Cargo coverage for household goods movers on california. Does anyone know the market?
by paul lim on Fri Apr 27, 2012

Guard Dogs & Commercial Policies

I have found nothing online about this topic. Everything is written about dogs & homeowners policies. How does a standard ...
by robkellyucla on Fri Apr 27, 2012

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Learn how to outperform your competitors- and it doesn't involve selling

New training from Insurance Journal's Academy of Insurance. Register today!
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New Class: The Performance Mgmt Process: Linking Performance to Results
New Training from Academy of Insurance

Linking Performance to Results

Do you want to outperform your competition? Companies and agencies with a formal employee goal-setting process followed and enforced by performance reviews against those goals, outperform those without such a system in place. Linking individual goals to the overall goals of the organization ensures that your employees are invested in the success of the business. Common goals and priorities create a unified effort when it comes to managing performance. Maximum business success requires everyone moving in the same direction.

In this webinar, Kathy Ryan provides you with an overview of the steps involved in creating and executing a successful Performance Management Process within your organization. An effective Performance Management Process helps you and your business accomplish its goals and outperform competition.

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What you will learn in this webinar:

  • The Importance of Tying Individual Goals to the Business Plan
  • How to Write Effective Goals
  • Tips for Conducting an Annual Review Process
  • The Benefits of Linking Compensation to Performance

When you register, you get:

  • Access to the live webinar
  • Video and audio recordings, so you can watch or listen again
  • Question & Answer session with the instructor
  • Audio download of the webcast
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Join us this Wednesday, May 2nd for this one-hour training webinar. (PLUS, all registrants will receive video and audio recordings of the webinar, so you can listen/watch again at your convenience.)

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Date: Wednesday, May 2nd
Time: 1:30pm ET / 10:30am PT
Duration: 1 Hour
Price: Save $40 until May 1st! Register today for just $89!
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Instructor: Kathy Ryan
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MAY 3: Insuring Condominium Association D&O Exposures - Whether you sell or service Homeowners Associations or just serve on your condominiums board you will find this webinar informative.

MAY 9: Secrets of Insuring Restaurants (3-part series) - Restaurants are very tricky businesses to insure. Join Trent and Amy as they help ensure that your restaurant clients are being properly insured.

MAY 9: Secrets of Insuring Restaurants- Intro to Restaurants - There's a lot to know when insuring restaurants. Join us as we discuss the foundation of insuring these "risky" businesses.

MAY 10: Business Income: It's Easier Than You Think (3-Part Series) - Business income is the MOST important property coverage any insured can buy. Discover how simple the coverage really is during this 3-part web series.

MAY 16: Succession Training- Fearless Feedback: Getting Comfortable with Providing Feedback - Giving feedback isn't always easy, especially when it's not received well. Join this webinar as Kathy coaches us on some positive ways to give feedback.


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Copyright © 2012 by Wells Publishing, Inc.