Daily Headlines: Monday, December 1, 2008

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December 1, 2008

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Today's Headlines National Electronic Health Records May Lower Malpractice Settlements: Study Use of electronic health records (EHRs) may help reduce paid malpractice settlements for physicians, according to a new study. The study,... Aon Completes Acquisition of Benfield; Restructuring Includes Layoffs Aon Corp. has completed its $1.43 billion acquisition of Benfield Group Limited, creating Aon Benfield, reinsurance intermediary and capital... Hanover Insurance Completes Acquisition of Specialty Program Writer AIX Super regional insurance carrier The Hanover Insurance Group, Inc. has completed the previously announced acquisition of AIX Holdings, Inc.... Obama Inauguration May Raise Insurance, Legal Issues for Enterprising Homeowners The days leading up to the inauguration of Barack Obama could be an economic windfall for residential property owners in and around D.C.... More National News East Massachusetts Court Says Livery Firm Liable in Fatal Crash A livery company and its driver could be held liable in a fatal car accident caused by a drunken passenger after he left the livery van,... Virginia Sees Decline of On-The-Job Deaths Fewer workers in Virginia are being killed while on the job. Federal figures released Monday show workplace fatalties declined by 15... BC Law Gets $3.1M from Liberty Mutual for P/C Insurance Professorship Boston College Law School has received a $3.1 million gift from Liberty Mutual Group that will be used to establish a professorship in... Provider Insurance Group Promotes Tetreault Provider Insurance Group, a Needham, Massachusetts-based independent insurance agency, has named Kelley Tetreault its new financial services... More East News Midwest National Study: North Dakota Workers' Comp Premiums Lowest in Nation North Dakota's workers' compensation agency says a national study has found it has the lowest premiums in the country. Workforce Safety and... Ohio: $1.2 Billion in Insurance Claims for 3rd Quarter of 2008 The Columbus Dispatch reports that Ohio had $1.2 billion in insurance claims for the third quarter of the year, trailing only hurricane-hit... Brown Smith Wallace Add Staff to Insurance and Reinsurance Services Missouri-based Brown Smith Wallace, LLC recently added Besa Beshiri and Ryan Fedyk to its Insurance and Reinsurance Services Group. Besa... More Midwest News Do you tweet? Follow us on Twitter! Get the latest Insurance Journal headlines. Southeast New North Carolina Insurance Chief Agrees Beach Plan Needs Help North Carolina's new insurance chief agrees with insurance industry critics that the state's backup wind insurance pool, known as the Beach... Duke University Sues Insurer Over Lacrosse Controversy Claims Duke University has filed a lawsuit against its insurer, demanding that the company cover the costs of its settlement with three former... South Carolina Sees Slight Drop in Workers Compensation Costs South Carolina businesses may see a break on workers' compensation rates next year. The insurance industry's National Council on... Mississippi University Opens Natural Disaster Study Center Officials at Jackson State University in Mississippi have opened a Department of Homeland Security research facility. A ribbon-cutting... MetLife Auto & Home Expands North Carolina Homeowner Product MetLife Auto & Home reported that it that it has received approval to introduce a new enhanced homeowner insurance program into the state of... Quaker Special Risk Expands with New Southeast Office in Georgia Quaker Special Risk, an independent full service wholesale brokerage firm, has opened a new regional office in Duluth, Georgia. Jake... More Southeast News Texas / South Central Texas Supreme Court Considers Auto Policy Exclusions Case The Texas Supreme Court must decide if an Ohio insurance company should pay in the case of a boy injured by a driver who was speeding away... Storm Planners Reflect on Strategies for Busy Hurricane Season In New Orleans, a dire warning to flee emptied the city before Hurricane Gustav in early September. In Houston less than two weeks later, a... Burns & Wilcox Promotes Cugini to Manager of Houston Office National managing general agent Burns & Wilcox has promoted Anthony Cugini to manager of the company's Houston office. He is responsible for... Texas Enforcement Actions Total $42K in October 2008 The Texas Department of Insurance announced enforcement actions that became final during October include three license revocations and fines... More Texas / South Central News West Southern California Soaked but Stable in Storm Wet and weary residents in areas scarred by Southern California wildfires were back in their homes for Thanksgiving after a day of rains... Federal Government Wins Lawsuit Over Colorado Hayman Fire A federal judge ruled that the federal government doesn't have to pay for damage caused by the Hayman wildfire, the worst in Colorado... Fires Above Idaho's Sun Valley Create Avalanche Danger Wildfires that charred thousands of acres near a central Idaho ski resort in 2007 continue to create headaches for avalanche forecasters... Union General Offers Motel/Hotel Market Union General of Concord, Calif., has "A" rated carriers offering both monoline and package coverage for motels and hotels.Multiple lines of... Cal Inspection Bureau Celebrates 20th Anniversary Woodland Hills, Calif.-based Cal Inspection Bureau Inc., is celebrating its 20th anniversary. The company was founded by president Emil... More West News International Munich Re Chairman Sees Improving Results in 2009 In an interview with Reuters, Munich Re's Chairman, Nikolaus von Bomhard, expressed his hopes that fatter premiums would make 2009 more of a... Insurers Ponder Risk of Encouraging Trees to Fight Global Warming Paying landowners to let forests grow is promoted by the United Nations as a viable way to fight global warming, but experts first have to... China Insurers Dodge Financial Crisis Bullet, But Risks Loom China's 3 trillion yuan ($440 billion) insurance industry was largely insulated from the U.S. subprime crisis that battered AIG and other... IAG increases Stake in Malaysian General Insurer AmAssurance Insurance Australia Group Limited announced that it is increasing its interest in the general insurance business of AmAssurance, its joint... AIG Agrees to Sell Private Bank to Dubai's Aabar Investments PJSC American International Group has announced an agreement to sell AIG Private Bank Ltd., a wholly-owned subsidiary of AIG, to Aabar... RenRe's WeatherPredict Acquires Assets of Commodity Hedgers Bermuda-based RenaissanceRe Holdings announced that its U.S. affiliate, WeatherPredict Consulting Inc., has acquired the primary technology... S&P Analyzes Nat Cat Market In anew article - "Clarifying The Framework For Rating Natural Catastrophe Bonds -" Standard & Poor's Ratings Services takes a look at the... Unibanco, AIG in Joint Repurchase Plan of Brazilian Joint Venture Shares Unibanco - Uni o de Bancos Brasileiros S.A. - and American International Group, Inc. announced that they have entered into an agreement to... New Willis UK Community Broker Network Signs Up First 10 Members Willis Group Holdings announced that 10 members have joined Willis N , its new partnership with independent, community insurance brokers in... Best Affirms White Mountains and Subsidiaries Ratings A.M. Best Co. has affirmed the financial strength ratings (FSR) and issuer credit ratings (ICR) of selected subsidiaries of the... Aon Appoints Lawson to Head UK Trade Credit Stuart Lawson has been appointed head of Aon Trade Credit (ATC), the UK's leading credit insurance broker. He will service existing clients... ACE Europe Names McKellar Director for Scotland ACE Europe has announced the appointment of Colin McKellar as Director of Scotland, based in its Glasgow office. He "will assume full... More International News Sponsored Articles Farmers Alliance Companies Implements PipelineClaims Advanced Claims Technology Helps to Modernize, Accelerate and Consolidate Claims Processing Honolulu, HI - December 1, 2008 -- BlueWave... More Sponsored Content / Insurance Journal's NewsWire News Insurance Journal TV Evolution of Darwin In less than six years, Stephen Sills, founder of Darwin Professional Underwriters Inc., built... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums CGL Coverage for backcharge? Posted: Mon Dec 1 -- Hello, I am new to this board. I have run into a coverage situation which has led to some disagreements. The insured on a CGL policy is a... floshoe Mobile Homes in Midwest Posted: Mon Dec 1 -- As you have already determined, there simply aren't that many carriers interested in writing wind debris, uh, I mean mobile homes in Tornado... InsMgmt Sweep Accounts for Commissions Also? Posted: Fri Nov 28 -- I'm a CA Broker and I have my Trust account for prem and the an Opperating account for broker fee's and direct deposit of commisions. I know... jshall Val Pak Advertising or Any other that worked for you Posted: Wed Nov 26 -- ValPak is primarily a 'coupon discount' media...meaning that the kinds of merchants who are most successful are those you've... d's insurance store Questions from a new guy Posted: Wed Nov 26 -- When I got started in the biz I was with Farmers. It took me a month to produce my first policy! By six months I thought I was doing well... kevinraz Go to Forums

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