Daily Headlines: Friday, January 14, 2011

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January 14, 2011 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National AAIS Develops New Form For Insuring Renewable Energy Generating Equipment Inland marine insurers now have access to new policy forms designed for insuring property losses to renewable energy generating equipment connected ... Job Bias Complaints Set Record in 2010 Workplace discrimination complaints against private sector firms hit an all time high in 2010. The U.S. Equal Employment Opportunity Commission (EEOC) ... House to Vote on Healthcare Repeal Next Week The U.S. House of Representatives will resume action next week on repealing President Barack Obama's landmark healthcare overhaul ... Caution: Distressed Commercial Properties The American landscape is littered with partially built, financially distressed or bank owned properties. Whether they are towering condos, gleaming hotel resorts ... Underwriting, Expense Discipline Needed in 2011, Say P/C CEOs The property/casualty insurance industry turned a corner and will show a profitable year for 2010, but underwriting discipline will be more important than ever in 2011 ... Increase in Temporary Staffing Business Signals Economic Recovery For many businesses, 2010 was a year of transition. Companies began to pick up the pieces of the economic downturn and were cautiously... More National News East Insurers Lash Out at New York 'Crash Tax' The insurance industry will speak out against what it is calling a hidden .crash tax. in New York City during a hearing this morning with fire ... Encharter Adding Second Connecticut Location Massachusetts-based Encharter Insurance agency will open a fifth branch office, the latest in Simsbury, Connecticut Encharter will sell personal ... Justice Department Settles Virginia Malpractice Suit for $2.3M The Justice Department has agreed to pay $2.3 million to a couple who claimed inadequate care at Portsmouth Naval Medical Center caused their child ... More East News Midwest North Dakota Brothers Sentenced in Insurance Fraud Scheme Two brothers accused of causing more than three dozen car crashes in Fargo, N.D., over two years in an insurance fraud scheme will be ... Ohio's Buckeye Insurance Group Launches Marias Technology Buckeye Insurance Group, of Piqua, Ohio, has formed Marias Technology, an information technology company. The company's announcement ... More Midwest News Southeast Poor Forecasting of Tennessee Flood Blamed on Bad Data River forecasters for the National Weather Service underestimated the flood level that a major river would reach during Nashville's ... Florida Lawmakers Seek Ways to Curb Sinkhole Losses Florida lawmakers are trying to address the cost of sinkhole claims, which state officials and insurers say are driving up property ... More Southeast News South Central Oklahoma Lawmaker Tackling Use of Cell Phone While Driving Louisiana officials have filed ethics charges against former Jefferson Parish President Aaron Broussard and his former top... Texas Governor Calls for Expanded Lawsuit Reform Texas Gov. Rick Perry is urging state lawmakers to further expand the lawsuit reforms that the state has enacted in recent ... More South Central News West Report: California's .Other Big One' Could Cause $300B in Damages California could be subject to a powerful series of storms, capable of costing $300 billion in damages . three times as much as... Elliott, Powell, Baden & Baker Insurance Add Ginther to Insurance Team Elliott, Powell, Baden & Baker's Insurance team has named Elizabeth Ginther a select account specialist. Ginther brings with her ... Brown & Brown Subsidiary Acquires Assets of Nies Insurance Agency Brown & Brown Inc. subsidiary Fullerton & Co. Inc. has substantially all of the assets of Nies Insurance Agency Inc. With annual ... More West News International Argo Group Announces Management Changes The Bermuda-based Argo Group International Holdings has appointed Andrew Carrier to the newly-created position of group chief underwriting officer ... Lockton Opens Beijing Branch Office Insurance broker Lockton has received approval from the China Insurance Regulatory Commission (CIRC) to open a new branch office in China ... Cooper Gay Swett & Crawford Expands Reinsurance in Mexico Global wholesale, reinsurance and specialist retail insurance broker Cooper Gay Swett & Crawford has agreed to move to a 100 percent shareholding ... Brazil Flood Death Toll Rising; Roads, Houses Destroyed Rescue workers dug for survivors Thursday and struggled to reach areas cut off by floods and landslides that have killed at least 482 people ... Australia Begins Flood Cleanup; Insurer Compassion Urged Australia's third-largest city started cleaning up stinking mud and debris on Friday after some of the country's worst floods on record, ... More International News Sponsored Content The e-Marketing Minute is a bi-weekly video series designed to help insurance agents learn how to grow their agency utilizing the Internet. Check it out. More Sponsored Content Join the Insurance Journal Network Insurance Journal TV Medical Marijuana Retailer High on Insurance Sara Jane Sinclair is the CEO of Sara Jane Inc., a medical marijuana dispensary located in... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Claims Made, Claims Made & Reported, and Occurrence Posted: Thu Jan 13 -- They're not similar. Here's an example. Assume a claims made Products Liability policy has a policy period of 1/1/2011 to 2012 for a... Big Dog Driver Ed Driving School - Commercial Auto Posted: Wed Jan 12 -- Does anyone have a commercial auto market for a driver ed school in California?... InsureTime Open Office Next to Geico Posted: Thu Jan 6 -- I would do some research on how your rates compare to GEICO in your particular area. Have all employees, family & friends in the area get... NYagent301 Farmers Refuses to Pay Botched Auto Repair Posted: Thu Jan 6 -- May I suggest you always advise the insured (in writing of course - and documented in your ams) to obtain a written, competent appraisal for... darnovak Has anyone had a DMV audit? Posted: Wed Jan 5 -- Most common audit findings: 1. Failure to maintain records/documents to justify and support proper use of requested information. All... Erik M. Olsen, CIC Farmers Insurance Posted: Wed Jan 5 -- Zurich takes more like 15 to 18% off the top, even before Farmers' light bill is paid. There is a reason most Departments of Insurance no... lonestar Building Ordinance or Law on Commercial Building Posted: Tue Jan 4 -- I read that 50% bonus depreciation is not available for things that have useful lives greater than 20 years. I believe that a new roof on a... prince987 2011 Planning - Growth Starts With Improved Retention Posted: Tue Jan 4 -- I agree completely. If you can increase your retention, your income grows. An agency with $500K in commissions coming in will increase their... justthere Best Personal lines rates in CA Posted: Tue Jan 4 -- I relocated just before going Career. FIG doesn't do transfers so they wanted me to re-start the Reserve program again in my new location.... 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