Nov 5, 2010

Daily Headlines: Friday, November 5, 2010

Sponsored today by: Burns & Wilcox. Don't let your clients skate by with an inferior vacant property policy. Partner with the underwriting experts at Burns & Wilcox today. Click here for more info.
Insurance Journal Daily Headlines
November 5, 2010
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

AIG Reports Big Loss on Charges; Insurance Results Remain Stable

American International Group, Inc. (AIG) reported a net loss of $2.4 billion for the third quarter of 2010, compared to net income of $455...

Why Now Is a Good Time for Agency Network Growth

They go by many names — networks, alliances, franchises, clusters and aggregators — but all have similar goals. Aggregator...

Judge Dismisses 'Mommy Track' Lawsuit Against Goldman Sachs

Goldman Sachs Group Inc. no longer faces a bias lawsuit by a former vice president who said the Wall Street bank put her on a "mommy track''...

EQECAT Names Keogh President

Catastrophe risk modeling firm EQECAT Inc. has announced that Bill Keogh has been named president of the Oakland, Calif.-based organization....

From MyNewMarkets.com Survey: Private Firms Expect Growth, Employee Theft and Data Breach

Nearly half (44 percent) of private company executives expect their firms will add jobs by year end, and more than half (54 percent) plan...
How to Sell Goliath Accounts
A new webcast from Insurance Journal's Academy of Insurance
NEXT WEEK: November 10 at 10:30am PT / 1:30pm ET
What is a Goliath account to you? This session is to encourage you to stretch. If your current Goliath is employers with 50 employees, this session will encourage you to watch Goliath grow to 100 employees. If it is 100, is 250 the next size?
Register today! Use promo code 25OFF to save $25
East

Massachusetts Revises Workers' Comp Paperwork Snafu

Bowing to pressure from insurers and agent groups, Massachusetts safety regulators have eased new, workers' comp paperwork requirements for...

New York Man's Faked Store Fall Caught on Tape

Authorities say a central New York convenience store's surveillance cameras caught a man purposely pouring soda on the floor and then faking...

Rowe Named Insurance Chief at Korn/Ferry

Recruiting firm Korn/Ferry International has named Tom Rowe senior client partner and head of its North American insurance practice. Rowe,...
Midwest

Republicans Regain Control of Michigan Supreme Court

Republicans regained control of the Michigan Supreme Court by capturing two seats Tuesday, riding the same electoral wave that made the GOP...

North Dakota Agent Pleads Guilty to Insurance Fraud

An insurance agent has pleaded guilty to conning a Grand Forks real estate company into paying more than $64,000 for nonexistent home...

2009 Workplace Injury, Illness Rates Tumble in Indiana

State officials say Indiana's nonfatal workplace injury and illness rate tumbled 12 percent last year compared to 2008. The state Department...
Southeast

Florida Republicans Eye Special Session to Revisit Crist Vetoes

Incoming Republican legislative leaders on Wednesday said they are considering calling a special session in the coming weeks to override...

Manchin U.S. Senate Win Elevates Democrat Tomblin to Governor Post

West Virginians essentially chose a new state chief executive when they voted to send Gov. Joe Manchin to the U.S. Senate, but his Tuesday...

Insurance Helps But North Carolina Family Struggles to Rebuild After Fire

Alma Salas printed out an application for Extreme Home Makeover the night before her house was destroyed by fire. "It wasn't a perfect home,...

Family of Mississippi Inmate Who Died Sues Town, Private Prison Firm

The family of an inmate who died in prison is suing the town of Walnut Grove and a private corrections company, claiming Dennis Earl Holmes...
Texas / South Central

Insurance Agent Elected to Arkansas Lt. Governor Post

Republican Mark Darr has beaten Democrat Shane Broadway for Arkansas lieutenant governor. Darr, from Rogers, Ark., clinched the victory in...

McNeese State Grad Student Receives LWCC's Cavanaugh Scholarship

Laura Marie Duos of Lake Charles, La., has been selected as the 2010 recipient of the Stephen W. Cavanaugh Scholarship, established by...

Arkansas Insurance Dept. to Stop Accepting Paper Filings in March

Effective March 1, 2011, the Arkansas Insurance Department (AID) will no longer accept paper filings. All filings submitted on or after...
Sponsored today by: Universal Insurance. Insurance ... without surprises. Click here for more info.
West

Federal Role in Catastrophe Insurance Would Increase Earthquake Coverage

A proposal for the federal government to support state-run catastrophe-insurance programs would increase the number of people buying...

Employers Holdings Reports Q3 Income of $10M

Reno, Nev.-based Employers Holdings Inc. has reported third quarter 2010 net income of $10.1 million compared with $30.6 million in the...
International

Tomas Regains Hurricane Strength; Soaks Haiti Refugee Camps

Tropical Storm Tomas re-strengthened to a hurricane Friday as it headed between Cuba and Haiti, drenching with overnight rain crowded tent...

EU Regulator Flagged Potential Rolls-Royce Engine Problem in August

Three months ago a European regulator flagged possible problems with the engine that powered a Qantas Airways A380 that was forced to make...

Somali Pirates Hijack Ship with 20 Passengers Aboard

The European Union's anti-piracy naval force says Somali pirates have hijacked a Comoros-flagged ship on its way to Tanzania. The EU force...

Validus Posts $238.5 Million Q3 Net Income; $300 Million for Nine Months

Bermuda-based Validus Holdings reported net income of $238.5 million, or $2.08 per diluted common share for the three months ended September...

Travelers to Acquire Interest in Brazilian Surety Specialist J. Malucelli

The Travelers Companies announced that it has entered into a joint venture agreement under which it will invest in J. Malucelli...

Arc Legal to Offer Specialist Legal Protection for Air Crew

The UK's Arc Legal Assistance, which specializes in providing coverage for legal expenses, has been appointed by insurance broker Lumley St....

Aspen Appoints Beer to Board

Bermuda-based Aspen Insurance Holdings Limited announced that the Company's Board of Directors has appointed Albert J. Beer to the Board in...
Insurance Journal Blogs

Anatamy of a large account sale

This October marks my 31stnd anniversary in the insurance industry. Many things have changed since my first insurance sale. Initially, my...

Defining Your Core Values Part II - Small Agencies In Small Towns

I have worked with a number of individuals who are great entrepreneurs whose companies have grown rapidly and out-of-control. It is so very...

Join the Insurance Journal Network

Twitter Facebook LinkedIn


Insurance Journal TV

Video thumbnail

Markets in Motion: Environmental Liability Coverage

When the financial crisis and subsequent recession hit, many businesses cut back on expenses...

TV icon Watch more videos at InsuranceJournal.tv

New Discussions in the Forums

GA's binding responsibility
Posted: Fri Nov 5 -- No this account was a new piece of business. I also thought it was strange edmundich
Agency Management System
Posted: Fri Nov 5 -- I am totally confused. I have been researching agency management systems for the past 3 weeks. There seems to be no concensus on what the... rsadmin
umbrella underlying limits
Posted: Thu Nov 4 -- An umbrella policy is written and intended to be excess over a primary policy - GL, AL, EL. I don't know why any carrier would write an... azcompanyman
Offroad Racing Insurance
Posted: Wed Nov 3 -- Thanks INTLXS. Just talked to Laura and it looks like I will be able to afford their policy. christhompson
Done with CPCU 510 & 540, which one next???
Posted: Tue Nov 2 -- I work for The Institutes, @foofin. First of all, I'm pleased that you're considering the CPCU program. We do offer our own SMART study aids... skryan
Massachusetts Credit Scoring
Posted: Tue Nov 2 -- What's the significance of NCOIL? Doesn't the NAIC make model laws that most commissioners agree to? kcharette
State Farm Commission Structure
Posted: Mon Nov 1 -- For the uninitiated, 4521 is State-Farm-speak for Broker of Record letter, in other words the form a SF policyholder signs to change from... Rochambeau
Brokers fees becoming more common?
Posted: Mon Nov 1 -- He is either trying to run them off or squeeze more money from them. Look at how excessive the Broker Fees are and that should tell you. FFA
Condo Association: BOP vs. Package?
Posted: Mon Nov 1 -- Many companies have condo association BOPs with specially tailored coverage like D&O for the condo Board which may not be readily available... Mainemiss

Current Issue

Current Issue
Focus on Professional Liability/PLUS; Habitational/Dwellings; Agents E&O Survey
November 1, 2010

More Newsletters

Choose Newsletters
Enter Your E-mail

How to Advertise

For information about advertising on this newsletter and Insurance Journal magazines, contact Julie Tinney at (800) 897-9965 x148.
View our Media Kit for advertising options in our magazines and online properties.
Insurance Journal
3570 Camino del Rio North, Suite 200
San Diego, CA 92108
(800) 897-9965
Copyright © 2010 by Wells Publishing, Inc.

No comments:

Post a Comment