Monthly Archives: <span>June 2010</span>

Democratic Governors Defend Healthcare Overhaul

A small group of Democratic governors this week launched a counter-attack over the federal healthcare overhaul, firing back against legal challenges from nearly two dozen state attorneys general who are seeking to overturn the new law. In a sign of …

Highlights of U.S. Financial Reforms

A U.S. Senate-House of Representatives panel has completed a bill overhauling financial regulation. It must now win approval in each chamber before it can go to President Barack Obama to be signed into law. Here is a brief look at …

Lawmakers Agree on Historic Financial Industry Reforms

U.S. lawmakers hammered out a historic overhaul of financial regulations as dawn broke over the nation’s capital Friday, handing President Barack Obama a major domestic victory on the eve of a global summit devoted to financial reform. In a marathon …

S&P Revises Outlook on Allied World to Positive; Affirms Current Ratings

Standard & Poor’s Ratings Services has revised its outlook on Allied World Assurance Co. Holdings Ltd. (AWH) and its operating subsidiaries to positive from stable. S&P also affirmed all of its ratings on AWH, including the ‘BBB’ counterparty credit rating, …

Aon Benfield, Cologne University to Study European Windstorms

Aon Benfield announced that it has signed an exclusive partnership with the University of Cologne – “a leading research centre with a long record of wind storms diagnostics, extreme weather modeling and impact assessment – to advance research into European …

NHC Sees 60% Chance Caribbean System Could become Tropical Cyclone

The National Hurricane Center in Miami continues to track a low pressure system, which developed earlier this week [See IJ web site – https://www.insurancejournal.com/news/international/2010/06/14/110696.htm ]. The NHC’s latest bulletin places the system as “centered about 150 miles east-northeast of Cabo …

Monarch E&S Wins Marketing Award

The American Association of Managing General Agents (AAMGA) has awarded Monarch E&S Insurance Services with the 2010 Advertising, Marketing and Community Service Awards. Monarch E&S Insurance Services was awarded ‘first place’ in the Print Advertising category. Monarch E&S Insurance Services …

West Virginia Court OKs Suits Against Insurers Under Human Rights Law

West Virginians can bring bad faith lawsuits against insurance companies under the state’s human rights act, the state Supreme Court of Appeals has ruled. The court found that the West Virginia Human Rights Act “prohibits unlawful discrimination by a tortfeasor’s …

Liberty Mutual Wins Dismissal of Claim for Injured Mass. Carpenter

Liberty Mutual was right to deny workers’ comp benefits for a self-employed carpenter who severely injured his hand, the Massachusetts Appeals Court has ruled. The decision upholds an earlier ruling by an administrative judge at the Industrial Accident Reviewing Board …

National Association of Insurance Women Chapters Elect Officers

The Insurance Women of North San Diego County affiliated with the National Association of Insurance Women, International has elected its new officers for the 2010-2011 term effective July 1, 2010. The officers are: President Carola Erb of State Farm Insurance; …