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Insurance Journal delivers the latest business news for the Property/Casualty insurance industry

• Court Tosses Workplace Retaliation Damages Suit Against Mississippi College
  A federal appeals court has ruled for Hinds Community College in a workplace retaliation case. In 2010, a Mississippi federal judge ordered the school to pay a former professor $345,020 after a federal jury found she had been the victim …
• Tackling Euro Zone Crisis is Top Priority for G8 Leaders
  Leaders of major industrial economies meet this weekend to try to tackle a full-blown crisis in Europe where fears are growing that Greece could leave the euro zone bloc, threatening the future of the common currency. President Barack Obama, the …
• XL Group Names Whelley Executive VP- Chief for Human Resources
  XL Group plc announced the appointment of Eileen Whelley as Executive Vice President, Chief Human Resources Officer, effective June 18, 2012. She succeeds Elizabeth L. Reeves, who is retiring. Whelley has been Executive Vice President, Human Resources for The Hartford …
• China Broker CNinsure Announces Changes to Board of Directors
  CNinsure Inc. an independent insurance intermediary company operating in China, announced that the board of directors of the Company has appointed Yunxiang Tang as an independent director of the Board and Yongwei Ma has resigned from the Board following the …
• Former Dewey & LeBoeuf Lawyers Join DLA Piper Hong Kong Office
  The DLA Piper law firm announced that a group of lawyers led by partners Joyce Chan and Heng Loong Cheong will join its Hong Kong office from Dewey & LeBoeuf. The move signals yet another step in the meltdown of …
• Willis’ DARCstar D&O Program Marks First Year with New Offerings
  To mark the anniversary, May 18, 2012, of its DARCstar Directors & Officers (D&O) insurance coverage, Willis Group Holdings has introduced a new improved version of the form, and has launched two new products in the DARCstar stable: “prospectus liability …
• South Carolina Son Follows in Father’s Safety Footsteps
  Dwain Fogle believes in taking an extra minute to make sure safety is first in his job as a rural mail carrier, a lesson he learned from his father who spent 41 years in the same profession. As a rural …
• OSHA Probes Florida Postal Worker’s Mysterious Illness
  The federal agency that monitors worker safety has opened an investigation into the illness of a U.S. postal worker who became sick after coming into contact with a mysterious package from Yemen. A spokesman for the Occupational Safety and Health …
• Forecasters Examine Hurricane Andrew’s Legacy
  The ability to predict how bad a storm will be has eluded forecasters since Hurricane Andrew made a catastrophic landfall in South Florida two decades ago and it will remain a challenge for the next chief at the National Hurricane …
• Safety Inspections Don’t Hurt Businesses; Do Lower Workers’ Comp Costs: Study
  Random inspections of U.S. industrial workplaces lower the risk of workers being injured on the job and have no measurable negative effect on the companies inspected, according to a study in the journal Science. Companies chosen for random inspections by …
• Judge: New York AG Must Decide on Revealing Spitzer’s Emails on AIG
  New York’s Attorney General must review his predecessor’s private emails relating to a probe of American International Group Inc. and decide whether to release them to the public, a state judge has ruled. The office of Attorney General Eric Schneiderman …
• MGIC Sues Freddie Mac in Insurance Coverage Dispute
  Mortgage insurer MGIC Investment Corp. has sued mortgage financier Freddie Mac and the Federal Housing Finance Administration to settle a dispute over coverage limits on certain insurance policies. MGIC said on Thursday it filed the suit in federal court in …
• AIG Shares Fall Below Government Breakeven Price
  Shares in bailed-out insurer American International Group dipped below the government’s breakeven price on its 61 percent stake in the company, just days after the U.S. Treasury completed another offering of its stock. AIG fell 6.1 percent to $28.60 in …
• Group Urges N.Y. to Overhaul Regulation of Force-Placed Insurance
  The Consumer Federation of America (CFA), a Washington, D.C.-based consumer advocacy group, today called on New York regulators to become a national leader in overhauling regulation of force-placed insurance (FPI) for homeowners. New York Financial Services Department is holding a …
• Lafayette, Louisiana, Traffic Camera Program to Continue
  Lafayette, La.’s traffic camera enforcement program will remain in place. The City-Parish Council voted to extend Lafayette Consolidated Government’s contract with Redflex Traffic Systems, but it drastically changed the extension negotiated by City-Parish President Joey Durel’s administration. The council not …
• Hawaii Health Insurance Providers Report 1Q Income
  Hawaii’s two largest health insurance providers earned operating income during the first three months of the year. Hawaii Medical Service Association on Tuesday reported operating gain of $7.2 million for the quarter, amounting to just over 1 percent of dues …
• Aon Hewitt Says NYC Is World’s Lowest-Risk City for Recruiting, Hiring
  New York maybe crowded and noisy, and the cost of living in the city is sky-high. But it’s also the best city in the entire world for recruiting, employing and relocating employees, according to a new study. Aon Hewitt’s 2012 …
• Denver Agencies Holding Major Disaster Drill
  Nearly a dozen helicopters will fill the Colorado air as Denver-area emergency crews practice for a mass disaster. The exercise Wednesday is a major test of the National Disaster Medical System. It will involve more than 200 simulated patients, 11 …
• Jury Awards More Than $1 Million To LAPD Sergeant
  Los Angeles has been ordered to pay more than $1 million in damages to a police officer who claimed he faced retaliation for reporting misconduct by his boss. The Los Angeles Times says a jury ruled Tuesday in favor of …
• Brown & Brown Acquires Insurcorp Assets
  Brown & Brown Insurance of Nevada Inc., a subsidiary of Brown & Brown Inc., has acquired certain assets of Insurcorp and Maalouf Benefit Resources, which recently combined under the name Insurcorp. Following the transaction, Insurcorp’s operations will be combined with …
• N.H. Senate OKs Reimbursement for Naturopaths
  Doctors of naturopathic medicine would be reimbursed by health insurance companies under a bill passed by the New Hampshire Senate. The Senate voted 16-8 Wednesday in favor of the bill. Opponents argued that the bill amounted to a mandate for …
• Texas Windpool to Remain Under Administrative Control
  Texas’ insurer of last resort for wind and hail in coastal counties will remain under the administrative control of state regulators and it will file for a 5 percent rate increase in August to become effective Jan. 1, 2012. At …
• California Legislator Calls for Hearing on Intervenor Fees
  State Sen. Juan Vargas, D-San Diego, has become the latest person to question intervenor fees, calling on the California Department of Insurance to review a state program that allows consumer groups to intervene in insurance rate cases. According to Vargas, …
• The Industry’s Role in Cutting Down Crooked Contractors
  Approximately one year ago, on Sunday, May 22 at about 5:30 p.m., Joplin, Mo. was devastated by a massive EF 5 tornado that at times was one mile wide and traveled on the ground for more than 20 miles. This …