Thursday, March 28, 2013

Quote of the Day: In Plain View

I work in the IT department of a law firm and I set up conference rooms for meetings. A few of the rooms I set up are right across the street from a brand new apartment building that’s almost 50 stories tall. Most of the time you can’t see into people’s living rooms because the glass is reflective. But between 8 and 9 a.m., because of the angle of the sun, you can see right into people living rooms and bedrooms. One woman gets up around 8:30 a.m. and likes to strut around her bedroom naked.

– “Accidental Peeping Tom,” who recently sought the counsel of Slate’s Dear Prudence advice column. Check out his query, and her response, over here.

(If you have an idea about which law firm this person works at, feel free to drop us a line. We might want to schedule some morning meetings there….)

0 Comments

Tags: Advice, Conferences / Symposia, Dear Prudence, Emily Yoffe, Information Technology, Naked, Nude Dancing, Nudity, Peeping Tom, public nudity, Slate, Technology, Weirdness Sign up for the Above the Law newsletter

Subscribe and get breaking news, commentary, and opinions on law firms, lawyers, law schools, lawsuits, judges, and more.

Daily Updates Small Law Firms (weekly) Partner Issues (weekly)Email Address — Advertisement —

Comments are hidden for your protection. Click here to show them.

Follow

View the Original article

From the ATL Insider Survey: Overlooked Firms and Schools

Paul Cravath does not approve of this post.

Light years away and in the distant future, perhaps some alien grad student in Defunct Planet Studies will stumble onto the ATL archives. He’ll conclude, not unreasonably, that the legal industry was a sort of oligopoly. That there were only a handful of firms: Skadden, Cravath, Latham, Quinn Emanuel, Tannebaum Weiss, and those few others that get such a disproportionate amount of our attention. And of course, there were only 14 real law schools.

This singular obsession with

View the Original article

Wells Fargo Insurance Names Head of M&A Group in New York

Featured Stories Right Street Blog: Citizens' SharePodcast: IIABCal President Randolph NewsMarketsJobs Front Page National International Most Popular Magazine Forums Blogs Videos/Podcasts Newsletters News Most Popular National International East Midwest South Central Southeast West Topics P&C Companies Agents & Brokers Government Markets/Coverages Operations Claims More Topics Magazines East Midwest South Central Southeast West Subscribe Directories Jobs SalesMarketingManagementFinanceClaimsUnderwritingOther Features Events Forums Buyers Guide Insurance Twitter Market Directories Ad Showcase Quotes Polls Subscribe Wells Fargo Insurance Names Head of M&A Group in New YorkMarch 21, 2013Email ThisPrintNewslettersTweetArticleComments

Wells Fargo Insurance, part of Wells Fargo & Company, named Richard Colton head of its mergers and acquisitions industry practice. Based in New York, he will report to Peter Gilbertson, regional managing director for Wells Fargo Insurance’s Northeast region.

View the Original article

Esurance and Walmart Team Up for Auto Insurance Discount Program

March 22, 2013Email ThisPrintNewslettersTweetArticle4 Comments

Esurance is launching a pilot program offering auto insurance discounts to customers at select Walmart stores in Illinois.

Through the pilot program, drivers may obtain a savings card from Esurance kiosks located in approximately 150 Walmart stores in the state. The cards contain special codes that customers can use to get a discount on their car insurance.

Walmart is providing space for the Esurance kiosks but no auto insurance is being sold in the stores either by Walmart or Esurance, according to a statement issued by Esurance.

Allstate, the parent company of Esurance, is not involved in the promotion.

Customers who obtain a card may call the toll-free number to speak with a licensed Esurance agent or they may go online, fill out an application and get a quote. In both cases, they will need to provide the savings code and answer a few underwriting questions to receive their discounted quote.

Customers may also send a text message to a dedicated number to get the special savings code.

The pilot program currently has no end date.

Esurance said the program is aimed at

View the Original article

NYCIRB Examines N.Y.’s Proposed Workers’ Comp Reform Bills

March 22, 2013Email ThisPrintNewslettersTweetArticleComments

New York Gov. Andrew Cuomo’s workers’ compensation reform proposals are expected to bring overall net savings to employers, according to analysis from the New York Compensation Insurance Rating Board (NYCIRB).

The NYCIRB said Part O of Senate Bill 2605 /Assembly Bill 3005 — which is part of the proposed budget bill introduced by Gov. Cuomo in January — seeks to reform several elements of the workers’ compensation system. Subsequently, the New York Senate introduced S2605C which is similar to the original bill, and the New York Assembly introduced A3005C which has several sections either omitted, added, or revised from the governor’s original budget bill.

The NYCIRB estimates that Part O of Gov. Cuomo’s budget bill (S2605/A3005) will result in an increase of between 4.4 percent and 5.3 percent in future workers compensation loss costs. In addition, the NYCIRB estimates that the closure of the Reopened Case Fund will result in an unfunded liability for private carriers and the State Insurance Fund of between $1.1 Billion and $1.6 Billion.

The increase in loss costs, however, will be largely offset by a reduced Reopened Case Fund assessment, according to the NYCIRB’ analysis. Combined with the anticipated long term savings from the elimination of the Aggregate Trust Fund, this bill is expected to result in overall net savings in employers’ costs, the NYCIRB said.

The NYCIRB said that while the latest S2605C is expected to result in the same impact as the governor’s budget bill, A3005C is expected to result in an overall increase of 0.3 percent in loss costs, due to the increase in the minimum weekly benefits.

The NYCIRB’s full analysis can be found on the association’s website (a PDF file).

The NYCIRB is a non-profit, unincorporated association of insurance carriers, including the State Insurance Fund. In conjunction with the New York workers’ compensation law, the insurance law provides for regulators to designate a rate service organization to collect the loss, premium and payroll data from each carrier, summarize this information and develop an adequate rate structure. Since the enactment of the workers’ compensation law in 1914, the NYCIRB has been licensed as the official organization for this purpose.

 

Email ThisPrintNewslettersTweetCategories: East NewsTopics: New York Compensation Insurance Rating Board, New York Gov. Andrew Cuomo, New York workers' comp, New York workers' compensation, workers' compensationHave a hot lead? Email us at newsdesk

View the Original article

How Red Bull Handled Product Tampering Threat Could Pay Off

March 22, 2013Email ThisPrintNewslettersTweetArticleCommentsAustrian company Red Bull’s unusual decision to go public on a blackmailer’s threat to contaminate its energy drinks with feces could cost the brand far less long-term than any immediate hit to sales.

Known for investing heavily in marketing its drinks and sports events, the privately owned Austrian company reveals little about itself. So its announcement last Thursday of a criminal threat to taint its drinks came as a particular surprise.

Companies hit by product tampering generally hope such threats blow over, marketing experts said.

“It’s a bold brand and a bold move,” said Gordon Pincott, chairman of global solutions at the Millward Brown brands specialist agency. “The good thing about what they’ve done with this announcement is it doesn’t let the rumour mill get going.”

Red Bull made the announcement in order to remove the “blackmailer’s greatest lever” of disclosing it in the media, said the company. Red Bull sold 5.2 billion cans of drink last year and is ranked the third biggest soft drink brand in the world after Coca-Cola and Pepsi.

The extortionist had threatened to taint beverage cans with faecal matter if not paid off, Red Bull said. But nothing had been found at checks in stores where the blackmailer said drinks had been contaminated.

“People now know to pay close attention to their can,” said Jordi Connor, head of planning at WPP’s Dialogue brand marketing agency. “While it may cost Red Bull some sales in the short term, the announcement will have strengthened the bond of trust between them and their drinkers.”

Investigations were focused on a specific supermarket in Vienna, Austrian prosecutors said. The Kurier newspaper printed what it called a ransom email signed by “gruponymos”. It blanked out the supermarket address.

A Red Bull spokesman declined to elaborate on the company’s short statement, in which it also said that it and the police believed they were close to finding the perpetrators.

In a possible indication of limited damage for Red Bull’s image, tweets about Red Bull on Friday appeared to be dominated by news of its Formula 1 racing team preparing for the Australian Grand Prix rather than the blackmail attempt.

IMAGE CONTROL

The Red Bull brand, valued by Millward Brown at $10 billion, has been built not only through its drinks, but also through sports – ranging from sponsorship of Felix Baumgartner’s record-breaking space dive to Formula One racing and ice hockey.

Its executives rarely give interviews and it controls its image tightly.

Even the most open companies almost never come forward to talk about any product tampering, said Gene Grabowski, an expert in food and consumer PR and vice president of U.S.-based communications firm Levick, which has worked on almost 200 product recalls.

“In this case it looks like it might be effective,” he said. “If there is any contamination or there is any problem with the drink, Red Bull has already established who the villain here would be.”

This paid off for Pepsi in 1993 when the company won sympathy after a spate of reports of needles and other objects found in Pepsi cans turned out to be hoaxes, he said.

While companies might prefer to keep quiet about product tampering, not saying anything can be damaging too.

The failure of baby food maker Gerber to withdraw products quickly in the United States after some were contaminated with glass in 1986 and its decision to remain tight-lipped about the affair is still used by some public relations advisors as an example of how not to handle such cases.

The most notorious case of product contamination was the 1982 Chicago Tylenol murders, in which seven people died after taking Johnson & Johnson medicine contaminated with cyanide. That case remains unsolved.

 

Copyright 2013 Reuters. Click for restrictions.Email ThisPrintNewslettersTweetCategories: International NewsTopics: gruponymos, product tampering, Red Bull contamination threat, reputational damageHave a hot lead? Email us at newsdesk

View the Original article

Doctors Offer Guidelines on Sports Concussions

March 22, 2013Email ThisPrintNewslettersTweetArticle1 Comments

When athletes are suspected of having a concussion, they should be taken out of action immediately, new guidelines from a major medical group say.

The American Academy of Neurology said athletes shouldn’t resume playing until they’ve been fully evaluated and cleared by a doctor or other professional with concussion expertise.

The recommendations issued this week generally agree with a brief position paper the academy issued in 2010, but add details on evaluation and management. The guidelines are based on a comprehensive review of scientific research.

Sports concussions have gained a new public focus in recent years because of concern over the risk of developing long-term mental impairment. Thousands of former pro football players are suing the NFL and its teams, saying that for years the NFL did not do enough to protect players from concussions.

The new advice replaces guidelines published 15 years ago. Those recommended grading the severity of concussions at the time of injury to determine possible time frames for return to play. Now the group emphasizes more individualized assessment and management of the injury.

Research showed the grading system didn’t relate to outcome, and that nobody can predict how long recovery will take, explained Dr. Christopher Giza of the University of California, Los Angeles, an author of the new guidelines.

The new document says athletes should not be allowed back in action if they show any symptoms. And it says athletes of high school age or younger with a diagnosed concussion should be managed more conservatively than older athletes when it comes to allowing a return to play.

Dr. David Dodick, a concussion expert at the Mayo Clinic in Phoenix who was familiar with highlights of the new document, said they contain “no great revelations” beyond what experts know already. He noted that the guidelines state that the first 10 days after a concussion are the period of highest risk for being diagnosed with a second concussion, and that younger athletes take longer to recover from the injury.

Since getting a second concussion before the first is healed can lead to a long period of disabling symptoms, that is good guidance for doctors who have to decide when young athletes can return to play, he said in a telephone interview.

 

Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Email ThisPrintNewslettersTweetCategories: National NewsTopics: American Academy of Neurology, concussions, school athletes, sports concussions, sports injuriesHave a hot lead? Email us at newsdesk

View the Original article

State Auto Introduces Data Compromise Plus

March 22, 2013Email ThisPrintNewslettersTweetArticleComments

The State Auto Insurance Cos. have created a new data breach policy called Data Compromise Plus to address this growing coverage need faced by small businesses. Data Compromise Plus automatically includes coverage for defense, liability and identity recovery, in addition to the  coverage for the insured’s response expenses,

Data Compromise Plus can be added to any eligible State Auto business insurance policy and includes the following benefits:

Response expense

View the Original article

Russia Rebuffs Cyprus Aid; EU Awaits Bailout ‘Plan B’

March 22, 2013Email ThisPrintNewslettersTweetArticleCommentsCyprus’ finance minister left Moscow empty-handed on Friday after Russia turned down appeals for aid, leaving the island to strike a bailout deal with the European Union before Tuesday or face the collapse of its financial system.

The rebuff left Cyprus looking increasingly isolated, with the deadline looming to find billions of euros demanded by the EU in return for a

View the Original article

Judge Awards Ohio Employers $860M for Workers’ Comp Overcharges

March 22, 2013Email ThisPrintNewslettersTweetArticleComments

Ohio employers are collectively owed $860 million after being overcharged for nearly a decade by the state insurance fund for injured workers, a Cleveland judge has ruled.

Cuyahoga County Common Pleas Judge Richard McMonagle’s decision involving the Ohio Bureau of Workers’ Compensation affects about 270,000 mostly small-business owners, many unaware they are covered by the class action. His order rejected the state’s arguments for paying a smaller amount.

The lawsuit, which began in 2007, said the bureau gave discounted premiums to companies that joined group insurance plans and charged companies not in the group plans excessive rates to pay for the discounts.

McMonagle ruled in December in favor of business owners who didn’t participate in the group rating program, agreeing they had been charged unfair premiums from July 2001 to June 2009.

Lawyers for the businesses argued companies paying group rates were not charged premiums that covered their losses, which forced the other companies to cover the difference. The bureau discounted its group plans as high as 90 percent.

A new fee structure took effect in July 2009, after McMonagle ordered the bureau to change its system for setting premiums for injury insurance. The maximum discount set by the bureau for group plans is 53 percent.

The amount employers are owed in overcharges has been a matter of dispute. Employers suing Ohio in 2007 originally asked for $1.3 billion, which included interest on the amount claimed, but McMonagle asked them to revise the figure downward after declining to award the interest.

During an evidentiary hearing last week, the state argued the employers did not suffer any harm that entitles them to restitution.

Spokeswoman Melissa Vince said the bureau spent $861 million more in claims costs and expenses for the affected companies during the disputed period than they paid in premiums – even as the fund’s net assets shrunk. For every dollar in premiums paid, affected businesses had $1.26 in claims costs, she said.

McMonagle ultimately rejected the bureau’s arguments.



View the Original article

Alcohol Discrimination Ruling Upheld In Montana Inmate’s Death

March 22, 2013Email ThisPrintNewslettersTweetArticle1 Comments

A state hearings officer has upheld a ruling that Blaine and Hill counties showed discriminatory indifference toward an 18-year-old inmate in the Hill County Detention Center who died in 2009 of acute alcohol withdrawal.

The order by Department of Labor hearing officer Terry Spear says the two counties are liable for $300,000 for A.J. Longsoldier’s emotional distress before he died.

The Great Falls Tribune reports counties also must train their deputies to ensure medications and prescriptions are obtained and administered.

The order upholds a ruling by the Montana Human Rights Commission, which said in September Longsoldier was discriminated against based on his alcoholism, which was determined to be a disability.

Longsoldier died from delirium tremens, or alcohol withdrawal, days after his arrest on a contempt of court charge.

Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Email ThisPrintNewslettersTweetCategories: West NewsTopics: Department of Labor, discrimination, discriminatory indifference, Montana Human Rights Commission, wrongful deathHave a hot lead? Email us at newsdesk

View the Original article

Beware March 25, a Rough Weather Day for Austin

March 22, 2013Email ThisPrintNewslettersTweetArticleComments

Three of the most damaging and costliest hailstorms in the history of Austin, Texas, have all occurred on March 25.

While Texas usually waits for the months of April and May to experience its worst thunderstorm activity, March 25 stands out as the one day in the past 20 years to watch out for.



View the Original article

Marijuana Training Program Approved In Colorado

March 22, 2013Email ThisPrintNewslettersTweetArticleComments

A marijuana proposal aimed at training people who work in medical marijuana businesses awaits the governor’s pen in Colorado.

The Senate voted 23-12 Tuesday to create a “responsible medical marijuana vendor” designation.

The optional designation would allow pot shops to train employees in state marijuana regulation and how to spot fake marijuana cards. In exchange, the businesses could get a break if they run afoul of state regulations. A similar designation already exists for the alcohol industry.

Looming recreational marijuana shops wouldn’t be covered by the measure. The Legislature is still hammering out rules for non-medical pot shops, though a “responsible vendor” analogy is considered likely.

The marijuana industry backed the “responsible vendor” measure. It passed the House last month.

Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Email ThisPrintNewslettersTweetCategories: West NewsTopics: marijuana, medical marijuana businesses, pot shops, responsible medical marijuana vendor, safetyHave a hot lead? Email us at newsdesk

View the Original article

Oklahoma Panel Clears Roofing Bond Requirement Bill

March 22, 2013Email ThisPrintNewslettersTweetArticleComments

An Oklahoma House committee has approved a proposal that its sponsor said would help protect Oklahomans from what he called subpar roofing

View the Original article

PCI Slams Oregon Bad Faith Proposals

March 22, 2013Email ThisPrintNewslettersTweetArticleComments

A handful of bills proposed in Oregon could hit consumers with nearly $200 million in cost increases and yield a rash of lawsuits, according to the Property Casualty Insurers Association of America, which is urging Oregon lawmakers to defeat several bad faith laws introduced in legislature this session.

Six bills that either establish private rights of action for first party/third party claims, or extend the state’s Unfair Trade Practices Act to insurers, are in under consideration by the state’s Legislators: House Bill 2525, House Bill 3160, Senate Bill 512, Senate Bill 513, Senate Bill 514 and Senate Bill 686.

Many of the bills are aimed at bringing insurance issues under the state’s Unfair Trade Practices Act or enable first party/third lawsuits against insurers, establishing a separate private right of action outside of Oregon’s insurance code.

Several of the bills are authored by Rep. Paul Holvey, chair of the Consumer Protection and Government Efficiency Committee, and Sen. Chip Shields, chair of the General Government, Consumer and Small Business Protection Committee.

A spokesperson for Holvey did not return a call seeking comment. Shields’ office agreed to get the lawmaker to comment, but he did not do so.

In introducing and supporting such legislation Shields in statements has argued that insurance is the only line of business exempt from Oregon’s UTPA, the state’s consumer and business protection statute prohibiting fraud in business transactions

“No company in the State of Oregon should be able to misled or mistreat you, no matter what industry they are in, ” Shields said in a statement.

HB 2525, for example, would direct the court to award attorney fees in certain circumstances, it allows class actions against persons that commit unlawful insurance practices, and permits the state’s attorney general to punish unlawful insurance practice as unlawful practice under unlawful trade practices law.

Other bills contain similar language, and wording such as

View the Original article

British Insurers’ Proposals Target Whiplash Claims

March 15, 2013Email ThisPrintNewslettersTweetArticleComments

Anyone claiming whiplash injury should be required to undergo examination by an accredited medical expert under proposals being pushed by the Association of British Insurers (ABI).

According to the organization, everyday 1,500 people claim whiplash injury. Reported whiplash has risen by nearly a quarter in the last four years, despite the number of road accidents falling. Whiplash claims cost

View the Original article

The Hanover, OMS National Offer P/C Program to OMS Surgeons

March 15, 2013Email ThisPrintNewslettersTweetArticleComments

The Hanover Insurance Group has joined forces with OMS National Insurance Co., RRG (OMSNIC) to offer a program of  property/casualty insurance products to OMSNIC’s insured oral and maxillofacial surgeons (OMS).

The Hanover’s products will be distributed through OMSNIC and The Hanover’s independent agents.

As part of these offerings, The Hanover offers OMS a group dividend for workers compensation, BOP coverage enhancements, and service and risk management facilities.

The insurance offering for this program includes the following coverage enhancements:

Workers compensation group dividend program, exclusive to the programReplacement cost

View the Original article

Court Upholds Florida Sinkhole Insurance Loss Rule

March 15, 2013Email ThisPrintNewslettersTweetArticleComments

A Florida court has upheld a decision by state insurance regulators that property insurers must offer sinkhole loss coverage in an amount equal to the dwelling coverage limit.

Farm Bureau asked the Office of Insurance Regulation to approve an amendment to its endorsement form that would limit sinkhole loss coverage to 25 percent of the overall coverage amount. When OIR rejected the Farm Bureau request, the insurer turned to the courts.

The 1st District Court of Appeal said that deductibles are tied to casualty coverage limits in the base policy, concluding the amount of sinkhole loss coverage is intended to be the same as the amount of coverage provided in that policy. Florida property insurers are required to provide catastrophic ground cover collapse in addition to optional sinkhole coverage.

 

Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Email ThisPrintNewslettersTweetCategories: Southeast NewsTopics: Florida court sinkhole coverage, Florida sinkhole costs, sinkhole insuranceHave a hot lead? Email us at newsdesk

View the Original article

New Mexico Drunken Driver Explains Suit Against Friend, Restaurants

March 15, 2013Email ThisPrintNewslettersTweetArticle9 Comments

A Santa Fe, N.M. man convicted of a fatal 2010 drunken-driving accident says his filing a lawsuit against two restaurants and a drinking buddy doesn’t mean he’s not taking responsibility for his actions.

James Ruiz, 37, filed a lawsuit Wednesday in New Mexico District Court and is seeking monetary damages from the friend he was out drinking with as well as Applebee’s and the Blue Corn Cafe.

Ruiz says in a letter to the news media that his lawsuit is intended to make the defendants take responsibility for their actions while seeking a way to repay relatives who paid for his legal defense.

Ruiz is in prison in Grants, serving a 42-year sentence for manslaughter and causing great bodily injury by vehicle.

Two members of a Naschetti family in Santa Fe for a high school basketball tournament were killed when Ruiz’s truck rear-ended the family’s car.

Ruiz and four other people were injured in the four-vehicle accident.

Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Email ThisPrintNewslettersTweetCategories: West NewsTopics: bodily injury, drunken driving, James Ruiz, lawsuitHave a hot lead? Email us at newsdesk

View the Original article

FEMA: $2.7B Paid Out in New Jersey Flood Insurance Claims Post-Sandy

March 15, 2013Email ThisPrintNewslettersTweetArticleComments

The Federal Emergency Management Agency says it has made $2.7 billion in flood insurance payments to New Jersey claimants since Superstorm Sandy hit the state last October.

View the Original article

Allianz Reports Revenue, Operating Profit and Net Income Growth for 2012

February 22, 2013Email ThisPrintNewslettersTweetArticleComments

Germany’s Allianz Group, Europe’s largest insurer, reported strong results for the financial year 2012. Revenues reached

View the Original article

West Virginia Coal Mines Shut Down to Review Safety Following Deaths

February 22, 2013Email ThisPrintNewslettersTweetArticleComments

West Virginia Gov. Earl Ray Tomblin on Wednesday asked coal companies to halt production for an hour to review safety procedures following the state’s fourth mining fatality in two weeks and the sixth since November.

Tomblin signed an executive order urging mine operators to hold safety talks with employees over the next 24 hours, starting Wednesday afternoon. Inspectors and mine safety officials plan to visit about 500 mines, a move supported by industry.

“We need to make sure that our mines are as safe as they possibly can be,” said Tomblin, who was joined by legislative leaders, safety officials and industry representatives.

In April 2010, after an explosion at Massey Energy’s Upper Big Branch mine killed 29 men, former Gov. Joe Manchin ordered a similar temporary stop in production. He also ordered one in 2006, after the deaths of 16 miners in the back-to-back explosions of International Coal Group’s Sago Mine and Massey’s Aracoma Coal Alma No. 1 mine.

“We just want to do everything we can to try to bring everyone’s attention and refocus and have them re-emphasize safe practices and safe conditions,” said Bill Raney, president of the West Virginia Coal Association.

The request comes after John Myles, 44, a shuttle car operator from Hilltop, was struck by a scoop Tuesday night and died of his injuries. The death at Pocahontas Coal Co.’s Affinity mine near Sophia was its second this month.

Federal records show that mine has been cited for safety violations 65 times since January, for everything from failure to maintain mine and escapeway maps to allowing combustible materials to accumulate.

State inspectors had been at the Affinity mine on Monday and Tuesday, before the fatal accident, giving safety talks, according to West Virginia mine safety director Eugene White. White said the mine had only recently reopened after a fatality earlier this month.

“Obviously, we’re very concerned, having a second fatality,” said Pocahontas Coal’s corporate counsel, Jennifer Guthrie. “As far as we know, the incidents are not related.”

Pocahontas Coal is cooperating with state and federal investigators but cannot comment further, she said.

Edward L. Finney, 43, of Bluefield, Va., died Feb. 7 after a hoist moved unexpectedly as Finney was pushing a scoop bucket insert full of trash onto it. The preliminary investigation suggests the hoist picked up the scoop and trapped Finney underneath.

Pocahontas Coal is a subsidiary of Tennessee-based United Coal Co., which is controlled by Ukraine-based Metinvest.

In March 2012, the federal Mine Safety and Health Administration listed the Affinity mine among three that had been caught giving illegal, advance warning that inspectors were onsite the month before. MSHA proposed nearly $126,000 in fines last year, but its database shows only about $16,400 has been paid.

Affinity has been cited 10 times for failing to protect workers from roof falls, 10 times for problems with fire sensors and automatic warning devices, and eight times for problems with ventilation controls. The database shows five equipment-related violations, three violations related to escapeways and two violations related to its roof-control plan, among other things.

So far, MSHA has proposed fines for only two of the minor violations. The rest have yet to be assessed.

MSHA director Joe Main praised Tomblin’s initiative and said his inspectors, supervisors and managers will travel throughout the state starting Thursday to talk with operators, miners and miners’ representatives about what he called an “alarming trend.”

“Mine operators need to make sure that they are conducting proper mine safety examinations to find and fix hazards,” he said, “and they need to make sure that miners are properly trained to do the jobs they are assigned, particularly activities not part of their normal routine.”

MSHA will also issue a written alert describing all six deaths, along with best practices for preventing them.

“The industry is coming off two of the safest years in mining in this country,” Main said. “The six deaths that occurred over the last month are tragic and unacceptable, and MSHA will take whatever actions are necessary to ensure the safety and well-being of all our miners.”

On Tuesday, before the latest fatality, White told legislators he’s visited the site of each mining death since becoming director Jan. 1.

“I wish I could answer, and tell you what the problem is. I probably wouldn’t be director. I’d be rich and I’d be a consultant,” he told the House of Delegates. “… Our fatalities are occurring to our older coal miners, most of them, and some of them I don’t understand why they happened.”

Earlier this month, 34-year-old Brandon Townsend of Delbarton died when a hydraulic jack exploded on a belt press at Midland Trail Energy’s Blue Creek preparation plant in Kanawha County. Another worker was injured in the blast at that mine, which is owned by St. Louis-based Patriot Coal.

Last week, 51-year-old Glen Clutter of Baxter died of head injuries he suffered while trying to put a loaded supply car back on track at CONSOL Energy’s Loveridge Mine.

 

 

Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Email ThisPrintNewslettersTweetCategories: Southeast NewsTopics: coal mine stand down, Gov. Earl Ray Tomblin, Mine Safety and Health Administration, MSHA, West Virginia Coal Association, west virginia mine safeyHave a hot lead? Email us at newsdesk

View the Original article

Tempo Underwriting Teams with Berkley Europe for Commercial D&O

Featured Stories Obamacare Minimum BenefitsVideo: North Carolina Workers' Comp NewsMarketsJobs Front Page National International Most Popular Magazine Forums Blogs Videos/Podcasts Newsletters News Most Popular National International East Midwest South Central Southeast West Topics P&C Companies Agents & Brokers Government Markets/Coverages Operations Claims More Topics Magazines East Midwest South Central Southeast West Subscribe Directories Jobs SalesMarketingManagementFinanceClaimsUnderwritingOther Features Events Forums Buyers Guide Insurance Twitter Market Directories Ad Showcase Quotes Polls Subscribe Tempo Underwriting Teams with Berkley Europe for Commercial D&OFebruary 22, 2013Email ThisPrintNewslettersTweetArticleComments

UK-based Tempo Underwriting announced that it has started underwriting Commercial D&O through a binding authority arrangement with W. R. Berkley Insurance (Europe), Limited, the European affiliate of W.R. Berkley.

Tempo’s announcement said it

View the Original article

AssuredPartners Selects Law Firms to Counsel Clients on Affordable Care Act

February 22, 2013Email ThisPrintNewslettersTweetArticleComments

AssuredPartners, Inc. and its Employee Benefits Committee for Affordable Care Act Compliance has formed a new partnership with national law firms BakerHostetler and Proskauer to provide Affordable Care Act compliance counsel to clients of AssuredPartners’ platform companies. BakerHostetler and Proskauer have a regional presence in the Midwest and Northeast, respectively, and cover much of the AssuredPartners geographic footprint.

Through this partnership, the law firms will operate as an extension of AssuredPartners, offering compliance advice for AssuredPartners’ agent consultants and clientele.

AssuredPartners has entered into these partnerships on behalf of their platform companies. This deal solidifies the partnership on behalf of the following entities: Neace Lukens, SKCG, Jamison Insurance & Grosvenor Brokers, Dawson Companies, ISI, Crawford Insurance, Webb Insurance, Schifman, Remley & Associates, Inc., Alliance Plus and Tobias.

BakerHostetler’s five primary practice groups are business, employment, intellectual property, litigation and tax.

Proskauer is a global law firm with offices in Beijing, Boca Raton, Boston, Chicago, Hong Kong, London, Los Angeles, New Orleans, New York, Newark, Paris, São Paulo and Washington, DC. The firm focuses on navigating the Affordable Care Act through its interdisciplinary health care reform task force, which comprises lawyers from the firm’s employee benefits, health care, labor and tax practices.

Email ThisPrintNewslettersTweetCategories: National NewsTopics: Affordable Care Act, compliance, healthcare, healthcare reform, Markets, Markets/CoveragesHave a hot lead? Email us at newsdesk

View the Original article

Gilbert’s Passions were Organization, Work, Family

February 22, 2013Email ThisPrintNewslettersTweetArticleComments

Roger W. Gilbert was a big player in Southern California’s insurance market, he was active in insurance charities and other causes, and those who knew him recalled him as having a passion for organization, work and family.

The Newport Beach, Calif. resident was a former deputy insurance commissioner for California, he chaired the Insurance Standards Office board, and was actively involved in several charitable organizations, which led him in 1992 to receive the Spirit of Life Award from the City of Hope.  The award recognizes individuals for outstanding leadership and contributions to philanthropy.

Gilbert died on Feb. 12 at age 80 from respiratory complications, and services were held on Feb. 19 at Pacific View Memorial Park in Corona Del Mar.



View the Original article

California School District Sued Over Yoga Program

February 22, 2013Email ThisPrintNewslettersTweetArticle6 Comments

An attorney representing a family bent out of shape over a public school yoga program in the beach city of Encinitas filed a lawsuit Wednesday to stop the district-wide classes.

In the lawsuit filed in San Diego Superior Court, attorney Dean Broyles argued that the twice weekly, 30-minute classes are inherently religious, in violation of the separation between church and state.

The plaintiffs are Stephen and Jennifer Sedlock and their children, who are students in the Encinitas Union School District.



View the Original article

Fired Coach Sues Northern California Diocese

February 22, 2013Email ThisPrintNewslettersTweetArticleComments

A former Catholic high school coach is suing the Diocese of Sacramento in Northern California claiming he was fired in retaliation for reporting sexual hazing by his players.

Officials at Vallejo’s St. Patrick-St. Vincent High School said earlier this month that 50-year-old head football coach Chris Cerbone was fired because varsity players exposed their genitals to harass six younger teammates.

Cerbone filed a wrongful termination suit on Wednesday in Sacramento County Superior Court saying he was trying to protect students by reporting the incidents to school administrators.

But the lawsuit says principal Mary Ellen Ryan fired Cerbone, saying he was to blame for failing to supervise his players.

Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Email ThisPrintNewslettersTweetCategories: West NewsTopics: Chris Cerbone, lawsuit, St. Patrick-St. Vincent High School, wrongful terminationHave a hot lead? Email us at newsdesk

View the Original article

Idea to Limit Auto Claims in Michigan Criticized

February 22, 2013Email ThisPrintNewslettersTweetArticle4 Comments

The top elected official in Michigan’s Oakland County is criticizing proposals from fellow Republicans to change Michigan’s no-fault auto insurance program to limit the amount of medical claims.

The Detroit News and the Detroit Free Press report that Oakland County Executive L. Brooks Patterson this week offered his opinions on the proposals. Patterson says an August crash in Auburn Hills in which he was a passenger influenced his perspective.

Patterson was seriously injured in the crash in Auburn Hills. He wasn’t wearing a seatbelt and was fined. His driver, James Cram, is a quadriplegic after the crash.

The state Legislature has been considering a lifetime cap on medical benefits and limiting payments insurers have to make for treating auto accident victims.

No legislation has been introduced yet this year.

 

Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Email ThisPrintNewslettersTweetCategories: Midwest NewsTopics: limit medical claims, Michigan, no-fault auto insurance program, Oakland County, Oakland County Executive L. Brooks PattersonHave a hot lead? Email us at newsdesk

View the Original article

Parents Win $10.5M Verdict in Dallas ‘Monster Truck’ Death

parking lot have won a $10.5 million civil verdict against the driver and the club.

A Dallas civil jury reached a verdict in favor of Gary McKenzie and Karen McDonald, parents of Kasey McKenzie. Kasey McKenzie died in March 2011 after she was run over by an SUV elevated on

View the Original article

North Carolina Gov. McCrory Opposes State Run Health Exchange

February 13, 2013Email ThisPrintNewslettersTweetArticle1 Comments

North Carolina Gov. Pat McCrory said he does not think the state is ready to run health exchanges called for in the federal Affordable Care Act.

McCrory’s office issued a statement saying the governor had reviewed the advantages and disadvantages of expanding Medicaid in North Carolina.

The state must tell federal officials by Friday if it will run the health exchanges to help those without insurance obtain coverage.

McCrory said the state is not ready to expand Medicaid and should allow the federal government to run the health exchanges.

He said the current Medicaid system is broken and not ready to expand. He said to do so would put taxpayers at risk.

He also said the federal government has not provided enough information on the long-term costs.

The Republican governor’s stance is at odds with the preference of the state’s elected insurance commissioner, Wayne Goodwin, a Democrat who supports a state-run exchange. In a recent interview with Insurance Journal, Goodwin said the decision on how the state should proceed is up to McCrory and lawmakers but Goodwin made his opinion clear:

“Just as I did with their predecessors, I have expressed my concern that the state of North Carolina knows best for North Carolinians than the United States federal government does, particularly as it relates to health insurance and exchange matters. There are a variety of reasons why the others have varying opinions, but I believe that the state should do its job and protect consumers and help regulate this marketplace.”

Goodwin told Insurance Journal he believes health care providers and the business community also prefer a state

View the Original article

Maine-Based Workers’ Comp Insurer MEMIC Group Announces 2 Promotions

February 13, 2013Email ThisPrintNewslettersTweetArticleComments

The MEMIC Group, a workers’ compensation insurer headquartered in Portland, Maine, announced the promotions of Matthew Harmon and Daniel Smith to assistant vice president of claim operations.

Harmon has more than 16 years of service at MEMIC. He joined the fledgling MEMIC Indemnity claim team in 2000 and handled claims from multiple jurisdictions. He has served as regional claims manager and director of MEMIC Indemnity claim operations. In his new role as assistant vice president, Harmon will oversee the day-to-day operations of the MEMIC Indemnity claim department, in all jurisdictions outside of Maine.

Harmon has worked across all aspects of workers’ compensation, including private insurance and the federally regulated Longshore and Harbor Workers’ Compensation Act. He has also served as a mediation representative in Maine.

Smith has been at MEMIC since 1994, serving as a claim handler, hearing representative, unit manager, and director prior to his promotion to assistant vice president. In his new position he will oversee the day-to-day operations of the company’s claim department in Maine. Smith is former president of the Maine Claims Management Council.

Specializing in workers’ compensation insurance, The MEMIC Group includes Maine Employers’ Mutual Insurance Company (MEMIC), MEMIC Indemnity Company and MEMIC Casualty Company. The MEMIC Group holds licenses to write workers’ compensation in 46 states plus the District of Columbia. The company insures nearly 20,000 employers and their estimated 250,000 employees.

 

Email ThisPrintNewslettersTweetCategories: East NewsTopics: Daniel Smith, Matthew Harmon, People, people photo available, The MEMIC GroupHave a hot lead? Email us at newsdesk

View the Original article

Nebraska Governor OKs Keystone XL Pipeline Route Through State

January 25, 2013Email ThisPrintNewslettersTweetArticle2 Comments

Nebraska Gov. Dave Heineman has approved a new route for the Keystone XL oil pipeline that avoids the state’s environmentally sensitive Sandhills region.

Heineman sent a letter to President Barack Obama confirming that he would allow the controversial project to proceed in his state.

The pipeline has faced strong resistance in Nebraska from a coalition of landowners and environmental groups who say it would contaminate the Ogallala aquifer, a massive groundwater supply.

Canadian pipeline developer TransCanada and some workers’ unions say the project is safe and will create thousands of jobs.

The original route would have run the pipeline through a region of erodible, grass-covered sand dunes. The new route skirts that area.

 

Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Email ThisPrintNewslettersTweetCategories: Midwest NewsTopics: Canadian pipeline developer TransCanada, Keystone XL oil pipeline, Nebraska Gov. Dave HeinemanHave a hot lead? Email us at newsdesk

View the Original article

CloudInsure, Lockton to Offer Cloud Risk Insurance Coverage

January 25, 2013Email ThisPrintNewslettersTweetArticleComments

CloudInsure, a cloud insurance platform designed to specifically address privacy and security liabilities within the cloud environment, has formed an agreement with independent (re)insurance broker Lockton to provide risk management products for clients exposed to hazards associated with cloud technologies.

Through this agreement, CloudInsure will be positioned to establish relationships with primary insurers to offer liability coverage, underpinned by tailored underwriting models and proprietary analytics, to meet the growing needs of businesses in the cloud computing space.

CloudInsure, a wholly owned subsidiary of Cyber Risk Partners, LLC, offers insurance products that address cloud technology. CloudInsure is a sister company to CyberFactors, a proprietary cyber risk analytics database that models cyber risk data and events.

Email ThisPrintNewslettersTweetCategories: National NewsTopics: Cloud, cloud computing, Internet, Markets, Markets/Coverages, Network Security, privacy, Technology, InternetHave a hot lead? Email us at newsdesk

View the Original article

China Insurance Watchdog Warns Sector of Cash Crunch, Low Returns

January 25, 2013Email ThisPrintNewslettersTweetArticleCommentsSome Chinese insurers may face a cash crunch this year as many policies mature, and as the sector faces sliding investment returns and rising costs, the China Insurance Regulatory Commission (CIRC) said.

Insurance companies need to broaden their investment channels to improve their returns, the CIRC said late on Thursday in its annual work report. The commission said it would also promote reform on the launch of infrastructure and real estate debt projects and introduce new types of investors.

“We see many more difficulties in ensuring steady growth of the insurance industry this year due to a comparatively lower investment return rate and the imminent peak of due payments on policies,” Xiang Junbo, the commission’s chairman said in the report.

With existing average investment returns for insurers being lower than the interest rate of five-year deposits, more policyholders are expected to surrender their policies — a trend which may cause a number of insurers to face a cash crunch, the CIRC said.

After enjoying an average growth of more than 20 percent in the past two decades, China’s insurance premium income slowed to single-digit growth in 2012.

The premium income increased 8 percent to 1.55 trillion yuan ($249 billion) last year, with health insurance premiums leading the growth, the commission said, while total assets of the insurance industry jumped 22.29 percent on year to 7.35 trillion yuan

View the Original article

Washington Senate Panel Considers Workers’ Compensation Bills

January 25, 2013Email ThisPrintNewslettersTweetArticleComments

The GOP-led Washington state Senate Commerce and Labor Committee this week was scheduled to consider five bills intended to save businesses money by changing workers’ compensation rules.

Proponents say the measures, which include making it easier for injured workers to take settlement agreements from their employers or the state instead of litigating for more money, would make the system more cost-effective.

“These bills would create a more efficient, fair and less-expensive workers’ compensation system for both employers and workers who pay into and are covered by it,” said Kristopher Tefft, general counsel for the Association of Washington Business.

Opponents counter that those cost savings would come at the expense of injured workers, and lamented that the takeover of the state Senate by a coalition of 23 Republicans and two Democrats, which has labeled itself the Majority Coalition Caucus, has brought these ideas to the fore.

“These bills all have the same things in common. They cut benefits for injured workers and are sponsored exclusively by the new Senate coalition,” said David Groves, spokesman for the Washington State Labor Council.

One of the measures, Senate Bill 5126, would reverse a recent Washington Supreme Court ruling that barred the state from compensating itself for benefits paid to an injured worker by taking a cut of the pain and suffering damages awarded to the worker suing a third party for his or her injury.

Another, Senate Bill 5124, would change how an injured worker’s benefits are calculated, in part by excluding the value of his or her health benefits.

Two of the bills, Senate Bills 5127 and 5128, would make “compromise-and-release” settlement agreements available to all workers – they are currently limited to those 55 and older – and make it easier for the state to approve such deals, respectively.

The bill lifting the age restriction on such deals has a companion bill in the House, House Bill 1097, sponsored by Rep. Chris Hurst, D-Enumclaw.

The proposed changes to the workers compensation system come in the wake of a raft of reforms passed in 2011 meant to rein in costs to a system widely viewed as overburdened.

The state’s Department of Labor and Industries recently proposed a series of tax increases, mostly aimed at employers, to raise $1.1 billion over the next decade in order to further shore up its reserves.

The proposed measures are intended to avoid such tax increases while putting the state’s workers’ compensation system on firmer financial footing going forward, said Tefft.

Senate Republican Leader Mark Schoesler of Ritzville said the five bills will “likely” pass out of the Senate, adding that he hopes that the Democratic-led House would then seriously consider adopting them.

“I hope the House shares our interest in controlling these costs so that we can employ more people or pay the ones we have at better salaries,” said Schoesler.

Rep. Mike Sells, D-Everett, chair of the House Labor and Workforce Development Committee, said he had not yet carefully reviewed the Senate bills and wasn’t ruling out any course of action on them should they come to his committee.

However, Sells said, he was leery of revisiting workers compensation rules so soon after enacting major reforms to the system that appear to be saving the state money.

“Tinkering around with worker compensation at this time doesn’t make a whole of sense,” he said.

 

Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Email ThisPrintNewslettersTweetCategories: West NewsTopics: Washington workers compensation reform, workers' compensationHave a hot lead? Email us at newsdesk

View the Original article

Best Affirms Balboa Insurance Co., Subs Ratings, as Transfer to QBE Continues

of California-based Balboa Insurance Company and its wholly owned subsidiaries, Meritplan Insurance Company and Phoenix-based Newport Insurance Company, which operate under an intercompany reinsurance pooling agreement, collectively referred to as Balboa Insurance Group. All of the companies are owned by the BA Insurance Group, Inc., which is ultimately owned by Bank of America Corporation (BAC). The outlook for all ratings is stable.

The rating affirmations

View the Original article

Industry Groups Applaud N.Y. Gov. Cuomo’s Workers’ Comp Reform Proposal

January 25, 2013Email ThisPrintNewslettersTweetArticleComments

New York Gov. Andrew Cuomo’s proposal to strengthen the state’s workers’ compensation system — officially introduced on Jan. 22 as part of his 2013-2014 executive budget — is getting a positive reception from insurance industry associations.

View the Original article

AAIS Names Parkes Vice President of Sales

January 17, 2013Email ThisPrintNewslettersTweetArticleComments

Don Parkes, an insurance executive with 18 years’ experience in catastrophe risk management, has been named vice president of sales for the American Association of Insurance Services (AAIS).

AAIS is a national insurance advisory organization that develops policy forms and rating information used by 700 property/casualty insurers.

As part of his duties as AAIS vice president of sales, Parkes will be the product leader for the AAIS Homeowners By-Peril Plan, the first bureau plan filed and approved in most states for rating homeowners insurance by separate perils.

Parkes comes to AAIS from CoreLogic, which maintains databases on properties, mortgages, and consumers.  Before joining CoreLogic in 2007, Parkes was senior vice president and chief risk officer at ICAT Holdings LLC, a catastrophe risk firm based in Boulder, Col. Prior to his years at ICAT, Parkes was with Risk Management Solutions Inc.,  a catastrophe modeling firm.



View the Original article

New Mexico Governor Proposes Tougher DWI Penalties

January 17, 2013Email ThisPrintNewslettersTweetArticleComments

Gov. Susana Martinez is calling for tougher penalties for repeat drunken driving in New Mexico, including allowing authorities to seize their cars.

The Republican governor recommended the proposals Tuesday in her state of the state speech to a joint session of the Legislature.

New Mexico has long had among the nation’s highest rates of alcohol-involved traffic deaths.

The governor’s proposal would require drivers to surrender their vehicles upon a second arrest for drunken driving.

Martinez also supports legislation to add mandatory prison time to the basic sentence of drunken driving offenders with previous felonies.

The governor said

View the Original article

HIIG Reorganizes Domestic Underwriting Operations

January 8, 2013Email ThisPrintNewslettersTweetArticleComments

Houston International Insurance Group (HIIG) has reorganized ts domestic underwriting operations, which going forward will be re-branded under the symbol HIIG.

The following divisions have been created:

HIIG Construction

View the Original article

Monitor Liability Managers Promotes Lyngaas to Vice President

January 8, 2013Email ThisPrintNewslettersTweetArticle1 Comments

Monitor Liability Managers LLC, based in Rolling Meadows, Ill., has promoted Lynette Lyngaas to the position of vice president of underwriting – employment practices liability, management liability.

Lyngaas, formerly assistant vice president of underwriting – employment practices liability, management liability, is responsible for overseeing all aspects of Monitor’s employment practices liability and management liability product lines. She was integral in developing Monitor’s current industry-specific EPLI programs and continues to design new coverage enhancements to meet the needs of Monitor’s insureds.

Lyngaas has 23 years of insurance industry experience.

Source: Monitor Liability Managers

 

Email ThisPrintNewslettersTweetCategories: Midwest NewsTopics: employment practices liability, Illinois, Lynette Lyngaas, management liability, Monitor Liability Managers LLC, People, Rolling MeadowsHave a hot lead? Email us at newsdesk

View the Original article

N.Y.-Based Russell Bond Names Senior Broker

January 8, 2013Email ThisPrintNewslettersTweetArticleComments

Buffalo, N.Y.-based insurance wholesaler Russell Bond & Co. Inc. recently appointed Les Dalmata as senior broker operating from the Utica, N.Y. area.

View the Original article

Utah License Plate Scanners Spark Legislative Debate

January 8, 2013Email ThisPrintNewslettersTweetArticleComments

License plate scanners in widespread use by law enforcement agencies hold the potential for misuse by divorce lawyers or police who use information on a motorist’s whereabouts as fodder for an “interrogation game,” a Utah legislator said Friday.

Utah has no law governing the use, collection or lifespan of tracking data on motorists who have done no wrong, said Sen. Todd Weiler, R-Woods Cross. He plans to introduce legislation in January to make clear the information cannot be kept in a databank longer than six months, or subpoenaed in divorce or other civil litigation.



View the Original article

Philadelphia Launches Coverage for Restoration Contractors

January 3, 2013Email ThisPrintNewslettersTweetArticleComments

Philadelphia Insurance Cos. (PHLY) a property/casualty and professional liability insurance company for niche markets, has launched insurance coverage specifically designed to protect restoration contractors. These companies are typically hired

View the Original article

South Dakota Cheese Company Settles Discrimination Charge

December 21, 2012Email ThisPrintNewslettersTweetArticleComments

A South Dakota cheese making company has agreed to pay $85,000 to settle a sex discrimination charge.

The U.S. Equal Employment Opportunity Commission says Milbank-based Valley Queen Cheese Factory has agreed to pay the settlement to two female applicants rejected for the position of milk hauler.

The EEOC says the company refused to hire the women for the milk hauler positions and had a history of staffing the position exclusively with men.

In addition to the settlement, the company agreed to provide anti-discrimination training to all employees and expand its recruiting.

Valley Queen Cheese Factory denies that it discriminated against women. The company says rather than fight through litigation, it decided it was best to settle the charges.

 

Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Email ThisPrintNewslettersTweetCategories: Midwest NewsTopics: settlement, sex discrimination charge, South Dakota, Valley Queen Cheese Factory, workplace biasHave a hot lead? Email us at newsdesk

View the Original article

Argo Group Estimates Preliminary Sandy Losses between $45 – $55 Million

December 21, 2012Email ThisPrintNewslettersTweetArticleComments

The Bermuda-based Argo Group International Holdings, Ltd. announced that it expects its 2012 fourth quarter results to include pre-tax catastrophe losses, related to Hurricane Sandy, of between $45 million and $55 million, net of reinsurance and reinstatement premiums.

The bulletin noted that in reaching this estimate,

View the Original article

Dakota Ranchers, Businessman Settle Wayward Bison Lawsuit

December 14, 2012Email ThisPrintNewslettersTweetArticleComments

Three Dakotas ranchers and a Florida millionaire businessman have settled a lawsuit over damage allegedly caused by wayward bison, attorneys said.

Bachmeier Farms and ranchers Nick Vollmuth and Gary Sandland claimed bison from Maurice Wilder’s ranch on the North Dakota-South Dakota border trespassed on their land for years, damaging pasture, crops, hay and fences.

A trial had been scheduled for this week, but the matter was settled out of court, the Bismarck Tribune reported.

Neither Ben Pulkrabek, who represented the ranchers, all from Sioux County, N.D., nor David Bliss, who represented Wilder, would comment on the details of the settlement.

Wilder’s ranch encompasses about 35,000 acres, sprawling from Selfridge, N.D., to McLaughlin, S.D. It was the subject of complaints for years about bison running loose and causing problems for neighbors.

In February 2011, thousands of bison were rounded up in South Dakota after authorities received reports of animals starving on the ranch. A smaller number of animals reportedly were running loose on the North Dakota side of the ranch around the same time.

Wilder, of Clearwater, Fla., paid $57,000 for feed and expenses after the impoundment ended, and in March 2001, he took about 850 bison to auction in Mobridge, S.D.

Wilder sold a 12,000-acre cattle ranch located east of the bison ranch at auction in September. He still owns the bison ranch.

 

Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Email ThisPrintNewslettersTweetCategories: Midwest NewsTopics: damages, lawsuit, North Dakota, South Dakota, wayward bisonHave a hot lead? Email us at newsdesk

View the Original article

Oklahoma Insurance Department: Police Chiefs Support Armed Investigators

December 14, 2012Email ThisPrintNewslettersTweetArticleComments

The Oklahoma Insurance Department faced intense criticism after a report revealed it spent more than $180,000 on high-tech shotguns, bulletproof vests and seven police-package vehicles for its anti-fraud unit. Now, the Oklahoma Association of Chiefs of Police (OACP) has passed a resolution of support for the department’s actions, the OID announced.

Oklahoma Insurance Commissioner John D. Doak has defended the purchases, saying the help ensure the safety of investigators and are not paid for with taxpayer money.

The OACP passed the resolution after hearing from Doak and the department’s anti-fraud investigators at an OACP meeting on Dec. 13.

“Fraud is something we take very seriously,” Doak told the group. “We know your resources are strained. When you’re stretched to the limit, we can step in and investigate the insurance fraud cases that otherwise would go untouched. We’re here to help you.”

OACP President and Director of Public Safety for the City of Stillwater Norman McNickle said the members of the OACP support the anti-fraud unit 100 percent.

“What Commissioner Doak and his investigators provide is so valuable to Oklahoma law enforcement agencies,” said McNickle. “They target an area of crime that many times goes unpunished simply because of lack of resources or manpower. We’re grateful to the Anti-Fraud Unit for filling that gap. We also believe its investigators should have the proper equipment and weapons to protect themselves in the line of duty. Every law enforcement officer knows that a ‘routine’ investigation can turn deadly in the blink of an eye.”

The OACP also voiced support for the OID’s legislative agenda, which includes a bill allowing law enforcement officers to pull over a driver for failing to obtain current auto insurance.

Source: Oklahoma Insurance Department

 

Email ThisPrintNewslettersTweetCategories: Texas / South Central NewsTopics: anti-fraud unit, John D. Doak, Oklahoma, Oklahoma Association of Chiefs of Police, weapons purchasesHave a hot lead? Email us at newsdesk

View the Original article

ProWriters Acquired; Opens as Independent Managing General Underwriter

November 28, 2012Email ThisPrintNewslettersTweetArticleComments

West Chester, Pa.-based ProWriters (www.prowritersins.com), formerly a professional liability division of Venture Insurance Programs, has become an independent managing general underwriter (MGU).

Brian Thornton, the new president of ProWriters and a 13-year veteran of the insurance industry, has acquired the program.

ProWriters provides professional and management liability insurance to specific industry segments including a focus on financial and healthcare industries. Delivered exclusively through agents and brokers, ProWriters offers directors and officers liability, errors and omissions, employment practices liability, crime, cyber and privacy liability coverage.

ProWriters provides access to insurers rated

View the Original article

Ex-Utah College Official Files Sex Harassment Suit

November 8, 2012Email ThisPrintNewslettersTweetArticleComments

A former associate dean at a for-profit college’s Ogden, Utah campus has filed a sexual harassment lawsuit, claiming repeated, unwelcome sexual advances occurred on a business trip in Las Vegas.

Lee Berger, in her complaint filed in federal court last week, claims her immediate supervisor kissed and touched her inappropriately in December 2010 while she and other colleagues were in Las Vegas.

Named as defendants are her former employer, Stevens-Henager College, and former supervisor, Mario Merida.

Berger says the fact that Merida, the school’s dean of allied health sciences, is married with children made her feel safe, and she was demoted after reporting the incident.

College CEO Eric Juhlin says the school is “committed to upholding the highest legal and ethical standards for its employees” and others but declined further comment.

Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Email ThisPrintNewslettersTweetCategories: West NewsTopics: lawsuit, sex harassment, UtahHave a hot lead? Email us at newsdesk

View the Original article

Monday, March 18, 2013

News: 7 New Compact Cameras, 2 DSLR Lenses from Nikon.New Product News

7 New Compact Cameras, 2 DSLR Lenses from Nikon from Adorama Learning CenterRentSellVisit Print My Account Wish ListOrder Status HelpMy Cart(0)

View the Original article

Article: 100 Photo-tastic Gifts for Under $100.Got a Benjamin? Need a photographic present? We've got 100 recommendations!

100 Photo-tastic Gifts for Under $100 from Adorama Learning CenterRentSellVisit Print My Account Wish ListOrder Status HelpMy Cart(0)

View the Original article

Article: Can the Canon EOS M meet The 15-Minute Photo Challenge?.Take & Make Great Photography with Gavin Hoey: AdoramaTV

Can the Canon EOS M meet The 15-Minute Photo Challenge? from Adorama Learning CenterRentSellVisit Print My Account Wish ListOrder Status HelpMy Cart(0)

View the Original article

Article: 7 Ways To Nab Great Street Photography With A Compact Digital Camera.New compact digital cameras that have street smarts and a great price



View the Original article

Article: Freeze Every Smash, Crash and Splash with Your Digital Camera and Speedlight Flash.Exploring Photography with Mark Wallace: AdoramaTV



View the Original article

Blog: 10 Inspiring "Best Images for 2012" Sites That Will Grab Your Attention.The best of the best

Expert photography blogs, tips, techniques, camera reviews - Adorama Learning Center RentSellVisit Print My Account Wish ListOrder Status HelpMy Cart(0)

View the Original article

Article: Use The Right Camera Settings to get Pleasing Background Blur When Shooting Xmas Lights.Take & Make Great Photography with Gavin Hoey: Adorama Photography TV



View the Original article

Blog: 8 Photo Industry Predictions for 2013.Let's open the fortune cookie for next year...

Expert photography blogs, tips, techniques, camera reviews - Adorama Learning Center RentSellVisit Print My Account Wish ListOrder Status HelpMy Cart(0)

View the Original article

News: Fujifilm Boosts AF, Shutter Performance In New Compact Digital Cameras .PMA@CES News

Fujifilm Boosts AF, Shutter Performance In New Compact Digital Cameras from Adorama Learning CenterRentSellVisit Print My Account Wish ListOrder Status HelpMy Cart(0)

View the Original article

Article: Revive Dead Lenses, Extend The Reach Of Your MILCs With Lens-Camera Adapters.Nikon Lens on Canon Camera? Pentax on Olympus? Novoflex has an Adapter For That!



View the Original article

The Extrajudicial Proclivities Of The NFL And NCAA

Son, my turn. I’ve been sitting here for ten minutes now lookin’ over this… rap sheet of yours. I just can’t believe it. June ’93, Assault. September ’93, Assault. Grand theft auto, February ’94. Where apparently you defended yourself and had the case thrown out by citing Free Property Rights of Horse and Carriage from 1798. January ’95, impersonating an officer. Mayhem. Theft. Resisting. All overturned. I’m also aware that you’ve been through several foster homes. The state removed you from three because of serious physical abuse. You know, another judge might care, but you hit a cop. You’re going in. Motion to dismiss is denied. Fifty thousand dollar bail.

But you hit a cop. In perhaps the most riveting courtroom scene ever committed to celluloid, the judge with the push broom mustache threatens to derail Will Hunting’s promising career as a midget boxer with those five words. Luckily — and, I don’t think I have to remind any of you — Professor Gerald Lambeau (yes, the Gerald Lambeau) sees promise in the young bobby boxer and gets him out of jail.

Another Boston-area legend saw similar promise in a troubled youth who hit a cop. The legend’s name is Bill Belichick and the troubled youth’s name is Alfonzo Dennard. Just this week, Dennard was found guilty of hitting a cop. Unfortunately, there is no evidence that he has any idea how to solve advanced Fourier Systems.

Instead of continuing this strained Good Will Hunting analogy, let’s talk sports….

HE PRACTICALLY BANKRUPTED A CASINO AND HE WAS A DENNARD

Alfonzo Dennard was a highly decorated cornerback coming out of Nebraska and was expected to be an early draft pick in last year’s NFL draft. That is, until the following occurred five days before the draft:



View the Original article

Next Week, Congress Will Ruin The Country In The Following Ways

Next Friday, barring last-minute action from Congress, the series of crippling automatic budget cuts known affectionately as “sequestration” will go into effect, immediately slicing 8.2 percent off non-defense spending for 2013. It’s the continuation of the so-called “fiscal cliff,” which was supposed to hit January 1st, but Congress moved this component to March because two potentially disastrous political showdowns are more fun than one.

If you haven’t heard about the sequestration, here’s a good primer, and you’re officially working too hard.

If sequestration is implemented next week, the likely negative impacts range from knocking expected GDP growth down 10 percent or so in 2013 GDP, to setting back medical science for a generation.

The legal field will be especially hard hit…

First of all, I’d like to have a round of applause for the Republican Party messaging operation that has gone into overdrive this week, reminding Americans that President Obama signed the sequestration into law (after it passed through Congress) and therefore requesting that we place all blame for this policy squarely on Obama. They’ve started to call it “Obamastration.” That’s some top-notch Newspeak for an idea that hard-core conservatives spent years touting. It would be like the NRA saying they were against background checks after advocating them in the 90s — I mean, really crazy stuff.

Anyway, the Department of Justice is not immune to the looming 8.2 percent cuts. So what’s likely to go down at DOJ? According to ABA President Laurel Bellows:

Sequestration would gut the Department of Justice

View the Original article

CHECK YOU PHONES… For FBI Sext Messages

More subscription options … 21 Feb 2013 at 10:45 AMAsia Chronicles, Sponsored ContentThe Asia Chronicles – HK / China Market In An Up Cycle Again? / New US Associate Openings In HK / ChinaByKinney Recruiting



View the Original article

Conservative Law Professor Who Sued School Busted For Drinking And Idling

Personally, I think it would be more dangerous for Teresa Wagner to get drunk and file a lawsuit than it is for her to do what she’s charged with doing a couple of days ago.

Wagner has sued Iowa Law School for First and Fourteenth Amendment violations. We’ve talked about her because she argues that Iowa Law didn’t hire her as a faculty member because of her conservative views.

Iowa Law claims that she wasn’t hired because she wasn’t qualified.

Iowa City Police allege that she wasn’t very conservative when it came to drinking and then driving a few blocks from her home….

Look, I’ve been drinking from the same, conformist trough as all of you have. I dutifully believe that drunk driving is very, very bad, and that drunker drivers should be prosecuted to the fullest extent of the law.



View the Original article

From the Career Files: An Open Letter To The Bosses Of Young Lawyers

Ed. note: This is the latest installment in a series of posts from the ATL Career Center’s team of expert contributors. Today, Alison Monahan offers advice to the bosses of new lawyers.

After writing a few pieces advising young lawyers how to start off on the right foot in their new jobs, it occurred to me that it might be helpful to look at the question from the other angle: If you’re supervising a young lawyer (or a law student in a summer job), what can you do to help ensure a smooth transition?

Here’s some advice for the care and feeding of young lawyers (and lawyers-to-be)….

If you’re in charge of a law student intern, summer associate, judicial extern, or new hire, you’re probably pretty busy and stressed out yourself. It’s easy to view this fresh-faced

View the Original article

Buying In: An Interview with an In-House Insider (Part 1)

Now that bonuses, year-end collections, and holiday parties are behind us, it is helpful to remind ourselves (early on in the new year) that it is (paying) clients that make everything possible for Biglaw firms. A few months ago, I was the fortunate recipient of some illuminating correspondence from a Biglaw refugee turned in-house counsel, offering a

View the Original article

Above the Law’s 2012 Lawyer of the Year Competition: The Winner!

Above the Law’s 2012 Lawyer of the Year contest is now over. Thanks to everyone who nominated a lawyer; thanks to our finalists, for being such accomplished and interesting individuals; and thanks to all our readers, who picked our victor after two weeks of voting over the holiday season.

Here are ATL’s past Lawyers of the Year:

2007: Loyola 2L2008: President Barack Obama2009: Justice Sonia Sotomayor2010: Law School Transparency’s Kyle McEntee and Patrick Lynch2011: Professor Paul Campos

For 2012, who will join their distinguished ranks? Let’s find out….

The votes were close in this year’s competition: just 39 votes separated our first-place finisher from our runner-up (Clifford Chance Mommy), and only 31 votes separated our silver medalist from our third-place finalist (Martin Sweeney). Without further ado, here is the esteemed winner of our 2012 competition:



View the Original article

Non-Sequiturs: 01.08.13

Everybody is entitled to a competent defense. It’ll make justice possible. I’m just so thankful I don’t have to defend people like this.

View the Original article

Sunday, March 17, 2013

New Punctuality Rules Give Law Firm A Totalitarian Feel

One of the nice things about being a Biglaw lawyer is that you’ve got some autonomy over your schedule. You know how much work you have to do, and you know when it’s due, and within those borders you can manage your own time. If you want to come in a little bit later and stay a little it later, so be it. If you want to come in super early… well, you’re probably still going to end up staying late because of some BS that happens at 4:30 p.m., but after you bill 100 hours in a week, you can probably take it really easy once your matter closes.

The point is, Biglaw lawyers have the expectation of being treated like adults when it comes to their own time management.

So it’s a little bit surprising that a Biglaw firm is treating associates in one office like little children who need to be present when attendance is taken….

A tipster forwarded us an email from Hogan Lovells partner Andrew McGinty. He’s the partner in charge of Ho-Love’s Shanghai office. His email is strict, he wants all the associates to be at their desks by 9:15 a.m., unless they have prior approval from a partner. It was sent over the summer, so here’s the pertinent part:

We are still experiencing major issues with staff punctuality. The Shanghai partners have decided that we will continue to operate the daily report system as before but will not circulate the report to all members of the Shanghai Office but will circulate the record to all the partners and

View the Original article

Massachusetts Physicians Group Offers Update on Medical Liability Reform

February 13, 2013Email ThisPrintNewslettersTweetArticleComments

A Massachusetts physicians and hospitals association this week provided an update on the state’s implementation of the Communication, Apology, and Resolution (CARe) program.

The Massachusetts Alliance for Communication and Resolution following Medical Injury (MACRMI) is an organization formed in 2012. It was formed as the result of a research initiative that began three years ago and is led by Beth Israel Deaconess Medical Center and the Massachusetts Medical Society, the statewide professional association of physicians.

MACRMI’s participants and supporters also include Baystate Health, Massachusetts Hospital Association, Massachusetts Coalition for the Prevention of Medical Errors, Medically Induced Trauma Support Services, as well as health insurers, provider organizations, and patient advocacy groups. The group is dedicated to the prompt resolution of medical liability arising from injuries to patients.



View the Original article

CHP Posts Rules for Motorcycle Lane-Splitting

February 13, 2013Email ThisPrintNewslettersTweetArticle2 Comments

The California Highway Patrol and other statewide traffic safety groups have created a set of written guidelines on motorcycle

View the Original article

Farm Values Soar in North Dakota in 2012

February 13, 2013Email ThisPrintNewslettersTweetArticleComments

Farmland values in North Dakota in 2012 jumped 46 percent on average over the year, with demand from both farmers and investors, a new report concludes.

The report from the North Dakota Chapter of the American Society of Farm Managers and Rural Appraisers, which takes into account the observations of professionals and documented sales, concludes that the increase in values from 2011 ranged from 31 percent in the southwest part of the state to 53 percent in the northwest, according to Agweek.

Land values doubled from 2009 to 2012 in nearly all regions of the state.

Charles Peterson, a vice president with US Bank in Fargo and a society board member, said more investors are looking to buy land because they hope land values and rental rate returns will beat other investments that are not keeping up with inflation.



View the Original article

Missouri House Panel Mulls Bill on Work Discrimination Lawsuits

February 13, 2013Email ThisPrintNewslettersTweetArticleComments

Republicans are hoping the third time is a charm for a measure a Missouri House committee considered that would make it harder for employees to win lawsuits alleging workplace discrimination.

Democratic Gov. Jay Nixon has vetoed similar legislation each of the last two years. But with a veto-proof Republican majority in both legislative chambers, the bill could have a different fate this year.

The measure sponsored by Rep. Kevin Elmer would require workers who file suit over an employer’s action to prove that discrimination was a

View the Original article

Courts Upholds $28 Million Award in Grand Canyon Skywalk Case

February 13, 2013Email ThisPrintNewslettersTweetArticle1 Comments

A federal court dealt a blow to the business arm of a northern Arizona tribe that owns the Grand Canyon Skywalk by upholding a $28.5 million judgment in favor of a Las Vegas developer who invested the money to build the horseshoe-shaped glass bridge on tribal land.

The ruling by U.S. District Judge David Campbell rejected arguments by the Hualapai Tribe that the award isn’t enforceable, calling one of the arguments “nonsensical” and another “odd.” The American Arbitration Association had determined David Jin is owed the money, mostly for management fees that he was to receive under a 2003 contract with the tribe.

Mark Tratos, an attorney for Jin, said Monday the ruling shows U.S. citizens have recourse in contract disputes with American Indian tribes.



View the Original article

N.J. Bill Would Require Homeowners Insurers to Provide Policy Summary

January 17, 2013Email ThisPrintNewslettersTweetArticle6 Comments

The New Jersey Assembly’s financial institutions and insurance committee gave approval Monday, Jan. 14, to a recently introduced bill that seeks to make it easier for homeowners to understand what their policy covers and does not cover.

The bill, A3642, would require homeowners insurers to give policyholders a one-page summary of the policy explaining “notable coverages and exclusions under the policy” that are “written in a simple, clear, understandable, and easily readable way.”

What constitutes “notable” coverages or exclusions would be determined by the state’s commissioner of banking and insurance. The copy of the proposed bill can be found at the N.J. Office of Legislative Services website (a PDF file).

Under the proposal, the one-page summary would be added into the homeowners insurance consumer information brochure provided to the policyholder when the policy is purchased or renewed. Under the current law, the homeowners insurance consumer information brochure contains information that explains the insurer’s hurricane deductible program, if any, as well as information on the National Flood Insurance Program.

The bill was introduced to help clear up some confusions reported in the wake of Superstorm Sandy. For example, many homeowners were surprised to find out about some of the exclusions when they filed Sandy claims and that the federal flood insurance from the National Flood Insurance Program is subject to certain limitations, according to a report in The Star-Ledger. The bill was sponsored by Ruben Ramos (D-Hudson), Gary Schaer (D-Bergen and Passaic), Linda Stender (D-Middlesex, Somerset and Union) and Paul Moriarty (D-Camden and Gloucester).

Committee Included Amendments to Assuage Insurers’ Concern

The Assembly’s financial institutions and insurance committee also added a couple of amendments to allay insurers’ concerns before green-lighting the measure. Insurers have expressed concern that the one-page summary might create legal vulnerabilities for insurers in cases involving potential lawsuits.

The committee tried to address that issue by adding an amendment that says the one-page summary shall explicitly state that it is only guidance and not the actual policy.

The amendment is as follows: “The summary shall not be considered a replacement for the terms of the policy of insurance, shall not have the effect of altering the coverage afforded by the policy, and shall not confer new or additional rights beyond those expressly provided for in the policy. The summary shall expressly state that the summary is only provided as guidance to the homeowner in understanding the terms of the policy of insurance.”

The committee also added an amendment that says the department of banking and insurance would decide the timeline for when the insurers would have to start providing the summary. The amendment states: “This act shall take effect on the 90th day following enactment except that the act’s provisions shall not be implemented until the Department of Banking and Insurance, by regulation, issues a timeline for implementation.”

 

Email ThisPrintNewslettersTweetCategories: East NewsTopics: homeowners insurance, homeowners insurance exclusion, New Jersey insurance, Sandy, Sandy insurance claims, Sandy loss, Superstorm SandyHave a hot lead? Email us at newsdesk

View the Original article

Houston’s Chapman Schewe Now a Higginbotham Company

January 17, 2013Email ThisPrintNewslettersTweetArticleComments

Higginbotham and Chapman Schewe Benefits Consulting have merged their operations in Houston.

Fort Worth, Texas-based independent insurance broker, Higginbotham, will engage Chapman Schewe to supplement the in-house consulting and administration services it provides to employee benefit clients. The addition of Chapman Schewe brings Higginbotham’s statewide office count to 17, its third in Houston.

Higginbotham, established in 1948, provides comprehensive insurance, risk management and employee benefit services to businesses and individuals.

Higginbotham entered the Houston market in 2008 by merging with Madison Benefits Group and expanded its market presence in 2010 when Swantner & Gordon merged. Combined, Higginbotham employs more than 530 insurance and administrative professionals across Texas.

Chapman Schewe was opened in 1992. The firm’s 19 employees offer benefit and vendor/network evaluation, claim analysis, medical director advisory, pharmacy consulting, patient advocacy and program administration to employer groups with 100 to 3,000 employees.

Chapman Schewe and existing staff will continue operating under its established name from its office at 10375 Richmond Ave.

Source: Higginbotham

 

 

Email ThisPrintNewslettersTweetCategories: Texas / South Central NewsHave a hot lead? Email us at newsdesk

View the Original article

All Risks Launches National Program for Ice Rink Industry

January 17, 2013Email ThisPrintNewslettersTweetArticleComments

All Risks, Ltd.’s National Specialty Programs unit has introduced an ice rink insurance program, called RinkPro. This nationwide insurance program is supported by a program manager and a carrier rated

View the Original article

Michigan Governor Proposes New Department of Insurance and Finance

January 17, 2013Email ThisPrintNewslettersTweetArticle4 Comments

Michigan Gov. Rick Synder has proposed the creation of a new Department of Insurance and Financial Services.

Snyder, who is beginning his third year as governor, said the new department will

View the Original article

Del. Traffic Deaths Up in 2012; Increase Driven by Crashes Involving Pedestrians

January 17, 2013Email ThisPrintNewslettersTweetArticleComments

Delaware’s Office of Highway Safety says there were 116 traffic fatalities in the state in 2012, a 12 percent increase over 2011.

The office says the increase was driven by a spike in crashes involving pedestrians and bicyclists. There were 30 pedestrian fatalities in 2012 compared to 19 in 2011, and four bicyclists were killed last year after none died in 2011.

Secretary of Safety and Homeland Security Lewis Schiliro says the increase is “very concerning.” He says the office will place an added emphasis on pedestrian safety.

The office also says there were more than 4,900 DUI arrests in Delaware last year, an increase of nearly 700. But DUI arrests are still down significantly from 2006-2009, when there were more than 6,000 per year.

 

Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Email ThisPrintNewslettersTweetCategories: East NewsTopics: auto insurance, automobile insurance, driving safety, traffic fatalities, traffic safetyHave a hot lead? Email us at newsdesk

View the Original article

ThinkRisk, Aspen U.S. Partner to Offer Media, Technology, Privacy E&O Program

January 18, 2013Email ThisPrintNewslettersTweetArticleComments

Ryan Specialty Group’s (RSG) ThinkRisk Underwriting Agency and Aspen US Insurance have entered into a new underwriting partnership. ThinkRisk will transition its existing converging risk program

View the Original article

Florida Audit Says Citizens’ Travel Expenses Excessive; Governor Orders Reform

January 18, 2013Email ThisPrintNewslettersTweetArticleComments

A review by Florida’s chief inspector general contends that employees at the state-created Citizens Property Insurance racked up excessive travel expenses over an eight-month period.

Florida Gov. Rick Scott ordered a review of expenses at the insurer following a report by The Miami Herald and Tampa Bay Times that detailed how top officials stayed at luxury hotels and ate at expensive restaurants.

The review says that while most travel expenses met Citizens written guidelines, they are excessive by state standards. Chief Inspector General Melinda Miguel recommended Citizens be required to follow the same laws that state employees follow.

In a statement, Scott said he agreed with his inspector general and said the insurer was in “urgent need” of reforms.

“A company this large, supported by hard-working Florida families, must be held to the highest standards of integrity,” Scott said.

Citizens is Florida’s largest property insurer and has 1.31 million policyholders, including many people who live in the state’s coastal areas. Citizens finances have come under scrutiny because the insurer has been pushing to raise its rates and change its coverage in order to lessen its exposure in the event of a major hurricane. State lawmakers this year may pass legislation that allows Citizens to raise its rates 13 percent a year

View the Original article

Missouri Regulator: Barton County Mutual Back on Solid Ground

January 8, 2013Email ThisPrintNewslettersTweetArticle1 Comments

Financial conditions at Missouri’s Barton County Mutual Insurance Co. are strong enough that the company can be released from state oversight, a judge has ruled.

A Barton County judge has granted a motion by the department of insurance to release Barton County Mutual from department control.

Barton Mutual came to the brink of insolvency after paying claims from the 2011 Joplin tornado, the department said. At the department’s request, a judge placed the company in rehabilitation in December 2011.

“Keeping the company in business to serve rural Missourians was a top priority for the department.” said John M. Huff, director of the Missouri Department of Insurance. “Through an innovative arrangement with the Missouri Property and Casualty Insurance Guaranty Association, along with significant underwriting and management changes overseen by the department, Barton is now poised for a long and prosperous future. This is a win for policyholders, agents, the insurance industry and the city of Liberal, Mo., where Barton is the largest employer.”

Barton Mutual has about 29,000 policyholders. It had premium sales of $32 million in 2011, but reported claims of $48 million related to the Joplin tornado.

Source: Missouri Department of Insurance

 

Email ThisPrintNewslettersTweetCategories: Midwest NewsTopics: 2011 Joplin tornado, Barton County Mutual Insurance Co., insolvency, John M. Huff, Missouri, Missouri Property and Casualty Insurance Guaranty Association, rehabilitationHave a hot lead? Email us at newsdesk

View the Original article

New York AG Can’t Stop $115M AIG Settlement with Ex-CEO Greenberg, Others

January 8, 2013Email ThisPrintNewslettersTweetArticleCommentsNew York Attorney General Eric Schneiderman cannot stop a $115 million settlement between American International Group Inc. shareholders and the insurer’s former chief executive and others, a U.S. judge ruled on Monday.

The New York Attorney General lacks standing to object to the settlement, U.S. District Court Judge Deborah Batts in Manhattan wrote in her decision. She also denied Schneiderman’s request to intervene.

Batts will decide whether to approve the accord reached in 2009 between shareholders and former AIG Chief Executive Maurice “Hank” Greenberg, former Chief Executive Howard Smith, other executives and Greenberg’s companies C.V. Starr & Co and Starr International Co.

The judge set a fairness hearing for April 10 and could approve the settlement afterward. If she does and no one appeals, it would effectively end a high-profile civil fraud case against Greenberg and Smith brought by the Attorney General’s office in 2005.

A spokesman for Schneiderman did not immediately return a call for comment. A spokeswoman for Boies, Schiller & Flexner, which represents Greenberg and his companies, had no immediate comment. Lawyers for the shareholders and Smith also did not immediately return calls for comment.

The New York Attorney General’s plea for the parties to re- negotiate raises concerns of “undue delay” and demands court action based on “sheer speculation and hotly contested expert evaluations,” the judge wrote in her ruling.

In August, Schneiderman urged Batts to reject the accord, saying an expert for shareholders made a math error that caused the payout to be too low. Lawyers for the shareholders responded the error had no significant effect.

They also said it was “entirely speculative” to expect the shareholders to fare better in new talks.

Lawyers for Greenberg, Smith and the Starr entities had also urged approval of the settlement.

At issue is a 2000 transaction with General Re Corp., a unit of Warren Buffett’s Berkshire Hathaway Inc, which various government investigators have said allowed AIG to inflate loss reserves by $500 million without transferring risk.

Schneiderman argued a math error by the expert caused the transaction to get no weight in the calculation of damages.

Projections and arguments as to the amount of damages include nothing, $100 million, $543 million, $1.2 billion and $6.5 billion, the highest estimated by the New York attorney general’s expert, the judge said in her ruling.

The state case against Greenberg and Smith was brought by former New York Attorney General Eliot Spitzer under the Martin Act, New York’s powerful securities fraud law. Greenberg and Smith are awaiting an appeal in the case at the state’s highest court.

If the federal accord is approved before the state case, the “broad terms of the releases” would preclude New York pursuing its case on behalf of AIG shareholders, Schneiderman has said in court papers.

The case is In re American International Group Inc. Securities Litigation, U.S. District Court, Southern District of New York, No. 04-08141.

 

 

Copyright 2013 Reuters. Click for restrictions.Email ThisPrintNewslettersTweetCompanies: AIG (American International Group)Categories: National NewsTopics: AIG Greenberg settlement, New York Attorney General Eric Schneiderman, securities litigation against AIGHave a hot lead? Email us at newsdesk

View the Original article

ACE Group Names Andrade to Expanded Role for Overseas Business

January 8, 2013Email ThisPrintNewslettersTweetArticleComments

The ACE Group has named Juan Andrade, division president, Global Personal Lines and Small Commercial Insurance, to the additional post of chief operating officer of the company’s Insurance

View the Original article