Nov 11, 2010

Daily Headlines: Thursday, November 11, 2010

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Insurance Journal Daily Headlines
November 11, 2010
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Public Workers Require More Days Off Due to Injuries Than Private Workers

Local and state government workers have much higher rates of injuries and illnesses requiring days away from work than workers in private...

Lawsuits Against Banks Over Mortgage Practices Piling Up

Lawsuits against banks over their mortgage lending and foreclosure practices continue to pile up, with JPMorgan, PNC Financial Services and...

Aetna CEO: Don't Repeal Obamacare

Any efforts to halt progress on implementing the nation's healthcare overhaul or to freeze funding are a step in the wrong direction even...

Business Risk Partners Offers Distressed Banks Coverage

For banks under regulatory oversight, Business Risk Partners (BRP) is now offering professional and management liability protections for...

The Hartford Broadens Equipment Rental, Sales Businesses Coverage

Equipment suppliers often have protection needs that extend beyond the scope of a traditional property policy. Whether a business rents...

Aon Launches Global Energy Risk Engineering Unit

Aon Risk Solutions, the global risk management business of Aon Corporation, has consolidated its energy risk engineering assets around the...

From MyNewMarkets.com Chartis Targets Small Businesses for Growth Opportunities

Chartis has worked particularly hard in the last several years on building insurance programs that target very specific areas of business....
Using Paid Listings to Drive Search Engine Traffic -- Space is limited -- Register Now
East

Judge Extends Deadline for Ill 9/11 Responders

A federal judge has given thousands of 9/11 rescue and recovery workers more time to join a legal settlement that would pay millions of...

Tillson Recruiting Launches in Boston Area

Tillson Recruiters, a new firm specializing in recruiting for insurance agencies, brokers and companies, has opened in...
Midwest

Illinois Disciplinary Actions Include License Denials, Suspensions, Fines

Illinois Department of Insurance Director of Insurance Michael T. McRaith has issued the following disciplinary orders for September and...

Fremont Recommends Use of Hunting Hold Harmless Agreements

Property owners who allow others to hunt deer on their property are advised to use a Hunting Hold Harmless Agreement to help mitigate...

Accomplice in Ohio Fraud Scheme Sentenced to 6-Month Jail Term

An accomplice in an insurance fraud scheme in Ohio has been sentenced to a six-month jail term and must pay restitution and fines totaling...
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Southeast

Museum Preserves History of Deadly Mississippi Nightclub Fire

For 70 years, remembrances of the 209 people killed in the fire at the Rhythm Night Club in Natchez have been limited to a historical...
Texas / South Central

Texas' Pronto Insurance Selected as Top Franchise for Minorities

The National Minority Franchising Initiative (NMFI) has included Brownsville, Texas-based Pronto Insurance on its annual list of the "50 Top...

Mayor: New Orleans' Disaster Loans Will Be Forgiven

The City of New Orleans has received word that the federal government is forgiving its $240 million in disaster loans received after...
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West

Calif. Workplace Injuries on Decline

While the recession drove California's average annual employment down 3.7 percent in 2009, the number of work injuries and illnesses...

Chubb & Son Appeals Washington Enforcement Action

Chubb & Son announced its attorneys have filed an appeal with the Washington Office of the Insurance Commissioner over enforcement...

Nevada Board Bans Texting While Driving State Vehicles

The Nevada Board of Examiners has approved a policy banning employees from texting or using electronic devices while driving state...

Barney & Barney Adds Aldape to Retirement Services Division

Barney & Barney has added Peggy Aldape to its Retirement Services Division. In her new role as a retirement analyst, Aldape will assist...
International

World War I Remembered; Could it Have Been Different?

Armistice Day/Veteran's Day – the "war to end war;" the dead, the wounded and the missing. Almost faded from memory now – 92...

EU Safety Regulator Orders A380 Engine Inspection

Europe's aviation regulator said fire from an oil leak was the likely cause of last week's engine failure of a Qantas A380 plane and ordered...

Key Facts and Provisions of U.S.-South Korea Trade Deal

The United States and South Korea are working to resolve beef and auto trade issues blocking U.S. congressional approval of a free trade...

Aon Warns Re/insurers of Heightened Rating Agency Scrutiny in Asia

Aon Benfield announced that it is "advising re/insurers that rating agencies are likely to increase their scrutiny of catastrophe risk in...

Best Affirms Lloyd's Syndicate 570 (Atrium) 'A' Ratings; Outlook Stable

A.M. Best Europe – Rating Services Limited has affirmed the Best's Syndicate Rating of 'A' (Excellent) and issuer credit rating of...
Insurance Journal Blogs

Branding Passion

Recently, I have been working with a client on branding. When you think about creating a brand, where do you begin? The word "Brand" in our...

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Markets in Motion: Environmental Liability Coverage

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

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New Discussions in the Forums

Advice on purchasing a small agency in California
Posted: Wed Nov 10 -- Thanks for the advice. I think I need to do some homework and find out more about the book of business. bartman
CA WC Moving Company
Posted: Wed Nov 10 -- I have a new venture moving company I am trying to find a home for ASAP...anyone have a market for this or a direction to point me in... L&C Ins
GA's binding responsibility
Posted: Wed Nov 10 -- I am glad to report that the account is finally bound... edmundich
Mobile Acords - Survey
Posted: Wed Nov 10 -- Thank you williduke, I would definitly be interested. edmundich
Done with CPCU 510 & 540, which one next???
Posted: Tue Nov 9 -- There have been some changes to the program since I posted last. The 560 is no longer a required course. There are a handful of electives... susqugirl
Average premium volume
Posted: Tue Nov 9 -- I'm not sure about the other agents who replied but I have been in this business long enough to know what is realistic and what is not.... randrew54
umbrella underlying limits
Posted: Tue Nov 9 -- Why would the owner rely on the tenant to keep the policy on the building in force? Thats overhead that should be built into the rent. What... FFA

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

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