Jan 21, 2011

Daily Headlines: Friday, January 21, 2011

Insurance Journal Daily Headlines
January 21, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Securities Lawsuits Set New Record Despite Slowdown in Credit Crisis

The number of securities lawsuits filed in 2010 edged above the record number of suits filed in 2009, despite an easing of litigation ...

Cyber Guerillas Present Security Risk with Unpredictable Attacks

If anyone needed proof that cyber activists can create havoc in the real world, the last few weeks have provided evidence in megabytes. ...

Republican Strategy: Prune Obamacare ‘Branch by Branch’

Republicans in the U.S. House of Representatives Thursday launched a plan to replace President Barack Obama's healthcare overhaul "branch ...

From MyNewMarkets.com Fierce Competition in Public D&O Keeps Rates Down, Demand Remains Stable

There is no shortage of issues causing instability in the public directors and officers liability arena, leading underwriters to believe...
New Book: Property and Casualty Insurance Concepts Simplified. The Ultimate How to Insurance Guide for Agents, Brokers, Underwriters and Adjusters. Click here for more info
East

Dead Woman’s Kin to Sue New York City over Blizzard Response

A woman who says her mother could still be alive if it weren't for New York's poor response to a Christmas weekend blizzard plans to sue ...

Swift Promoted to VP at Acadia

Maine-based Acadia Insurance has promoted Dan Swift to vice president and general counsel. Swift most recently, he has served as assistant ...

United Approved in Massachusetts

United Property & Casualty Insurance has been approved to begin writing homeowners and other P/C coverage in Massachusetts. The company ...
Midwest

Crump Adds Domitrovich as Assistant VP-Broker in Chicago

Crump Insurance Services has hired Matthew Domitrovich as assistant vice vresident, broker in its Chicago office. Domitrovich has more than ...

Missouri House Approves Tax Break for Small Businesses

Missouri House members have given first-round approval to a tax break for small businesses, which is a priority for the chamber's ...

Industry: Great Lakes Cargo Shipping Way Up in ’10

Shipments of bulk cargo such as iron ore on the Great Lakes jumped by one-third last year, a hopeful sign for a region battered by the ...

Critics Blast Bill to Reduce Wisconsin Auto Insurance

A Republican plan to scale back mandatory car insurance levels would make driving in Wisconsin riskier and leave injured motorists holding ...
Southeast

K&K Names Holloway Southeast Sales Representative

K&K Insurance has appointed Stuart Holloway as regional sales representative for its Southeast territory. The territory includes ...

Hudgens Directs Insurers to Exercise ‘Leniency’ After Georgia Storms

Georgia Insurance Commissioner Ralph Hudgens has issued an order directing insurers to exercise leniency in dealing with individuals and ...

Florida Officials Press for Improved BP Claims Administration

Florida's attorney general said this week that she wants more responsiveness from the administrator handling a $20 billion Gulf oil spill ...

Liberty Life CEO Black Picked to Be New South Carolina Commissioner

South Carolina Gov. Nikki Haley wants David Black, a former executive with Liberty Life Insurance Co., to be the state's next insurance ...
South Central

Oklahoma Lawmaker Proposes Texting While Driving Ban

Texting while driving would be illegal in Oklahoma under a bill being proposed in the House. State Rep. Danny Morgan, D-Prague, unveiled ...

Work Comp, Tort Reform on Oklahoma Senate Republicans’ Agenda

The Republicans in the Oklahoma Senate say they are focusing on job creation and budget challenges in their legislative agenda this year. ...
West

Medical Losses Drive Up Calif. Public Self Insureds’ Workers’ Comp Costs

Despite a decline in the number of job injury claims reported by California public self-insured employers last year, rising claim severity ...
International

Korean Navy Rescues Hijacked Crew; Kills 8 Pirates

The latest news reports have covered the successful rescue of all of the 21 crew members of the South Korean-owned Samho Jewelry by Korean ...

Capgemini/Efma Report Urges ‘Re-focusing,’ ‘Operational Efficiencies’

In their recently released 2011 World Insurance Report Capgemini and Efma explore how insurers can "dissect their business to identify ...

New Climate Data from WMO Shows World is Warming

Last year tied for the hottest year on record, confirming a long-term warming trend, the World Meteorological Organization (WMO) said on ...

FERMA VP Spells Out Challenges for 2011

Julia Graham, vice-president of the Federation of European Risk Management Associations (FERMA) examined some of the most intractable ...

Rising Rivers Swamp Another Australian Town

A surging river Thursday flooded and isolated the latest community hit in Australia's deadly flood disaster, straining a levee serving as ...
Insurance Journal Blogs

Best Practices – What Are They

There is much talk in every industry about Best Practices.  So what are Best Practices?  One definition says: Best practice is a ...

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New Discussions in the Forums

Claims Made, Claims Made & Reported, and Occurrence
Posted: Thu Jan 20 -- Worth noting that in an occurrence policy, the damage or injury must occur during the policy period. It does not matter when the claim is... rcb
Anyone with opinion on EZBuy electronic signatures
Posted: Thu Jan 20 -- chris294, My name is Joey 'Fireman' Jersey and I want a homeowners policy... its going to burn tomorrow. I wanna do the online signature... mica.cooper
Incentives for Clients
Posted: Thu Jan 20 -- It varies by state. Usually the limit is a nominal amount $20-$50 which allows for things like coffee mugs, pens, calendars and such. Check... NYagent301
Non-standard vrs. Standard Insurance
Posted: Thu Jan 20 -- I agree, why limit yourself. Not anything against the non-standard market, but from my experience, those kinds of accounts are usually... Brenda H
WordPress Forums Problems
Posted: Thu Jan 20 -- @mica, You're welcome! Thanks for the feedback. We added some cool features to forums (rate posts, browse by US state), but the whole system... Josh
How can a new agent obtain appointments?
Posted: Wed Jan 19 -- - I left FIG in 1989 after seven years. I've been in the business for 29 years now. In general I agree with all of the posts here. I have... gregcw
Best Personal lines rates in CA
Posted: Thu Jan 13 -- D, they have to start somewhere. Initial start up, time is what he will have. Getting a Comparative rater is a very good idea. Cluster VS... FFA
Driver Ed Driving School - Commercial Auto
Posted: Wed Jan 12 -- Does anyone have a commercial auto market for a driver ed school in California? Please email me ... 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

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