Jan 20, 2011

Daily Headlines: Thursday, January 20, 2011

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Insurance Journal Daily Headlines
January 20, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

MarketScout Names Blaser Managing VP of Affluent Personal Lines

MarketScout, a Dallas, Texas-based electronic insurance exchange, announced that Lesa Blaser has joined the company as managing vice ...

House Passes Repeal of Healthcare Law

The Republican-led U.S. House of Representatives passed legislation that would repeal President Barack Obama's landmark healthcare reform ...

Geithner Argues Healthcare Repeal Bad for Business

Repealing the new healthcare law would be a setback for millions who have gained coverage and be bad for business, U.S. Treasury Secretary ...

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...
East

Vermont Settles Data Breach Case with Insurer for $55K

The Vermont Attorney General's office says a Connecticut-based health insurance company is ready to pay $55,000 to settle a complaint that ...

ReSource Pro Gets ISO Certification for Data Security

Insurance industry outsourcing firm ReSource Pro said it has received an information security management certification from the ...

Mastrolia To Lead Construction Risk Management at Marsh

Marsh has named Anthony Mastrolia leader of construction risk management within its U.S. construction practice. Mastrolia, who will be ...
Midwest

Debate on Repeal of Wisconsin Auto Insurance Changes Begins

The Property Casualty Insurers Association of America (PCI) testified Jan. 19 before a joint hearing of the Wisconsin Senate and Assembly ...

Likelihood of Major Flooding on Midwest's Red River Rises

The likelihood of significant Red River flooding has risen in North Dakota and Minnesota, the National Weather Service said in its latest ...

Main Street America Introduces Personal Auto, Property Product to Grain Dealers Agents in Indiana

The Main Street America Group has introduced its Personal Auto MVP property and liability product via its network of nearly 100 Grain ...

J.M. Wilson Hires Lombardo as Property/Casualty Underwriter

Managing general agency J.M. Wilson has added Katie Lombardo as a property/casualty underwriter in its Arlington Heights, Ill., office. ...

AG Seeks Michigan Supreme Court Rehearing of Insurance Licensing Case

Michigan Attorney General Bill Schuette wants the state's highest court to reconsider several key decisions of late last year, including ...
Southeast

All Risk Promotes Robbins to North Carolina Branch Manager

Wholesale insurance brokerage firm All Risks, Ltd. has promoted Lora Robbins to branch sales leader in the Charlotte, N.C. office. Robbins ...

Florida Charities, Businesses Call for End to Hurricane Premium Taxes

A coalition of Florida charitable and business groups is pressing the state to eliminate assessments charged all policyholders to subsidize ...

University of Kentucky, Professor Settle Religious Bias Job Claim

An astronomy professor who sued the University of Kentucky after claiming he lost out on a top job because of his Christian beliefs reached ...

Equipment, Coal Dust Caused West Virginia Mine Blast: Probe

Federal investigators said Wednesday a small fire caused by a methane or natural gas leak likely set off a massive blast of coal dust that ...

Florida Suspends Lake Worth Agent’s License

A Lake Worth, Fla. insurance agent's license has been suspended after he allegedly misappropriated automobile insurance premiums and ...
South Central

New Employee Benefits Analyst Joins Texas Associates Team

Texas Associates Insurors has added Grace Jaen as its newest Employee Benefits analyst. Jaen focuses on developing and implementing ...

Ryan Specialty Intros New CAT/Construction Risk Facility in Texas

Chicago-based Ryan Specialty Group LLC (RSG) has launched Technical Risk Underwriters (TRU), a specialty managing general underwriter (MGU) ...
West

Younger Insurance Consumers Expect Online Insurance Options

It's not a far stretch to predict that the next generation of insurance consumers will want to purchase more insurance coverages online. ...

Washington Fraud-Fighting Program Collects $137 Million

Washington's Department of Labor & Industries' Fraud Prevention and Compliance Program brought in $137.4 million in 2010 for its fraud ...

Scott Joins Lockton Companies in Denver

The Denver office of Lockton Companies LLC, a privately held independent insurance brokerage, has expanded its team of sales executives ...

Bell-Anderson Agency Adds New Shareholders

The board of directors of Kent, Wash.-based Bell-Anderson Agency Inc. recently added Rebecca Armfield, Cheryl Kirkman and Joshua Wright as ...

Bock Appointed Farmers Insurance Utah State Executive Director

Jeff Bock, currently director of the Farmers Minneapolis Business Development Center, has been appointed state executive director of Utah, ...
International

Qantas Aiming to Settle with Rolls-Royce over A380 Engine Failure

Australia's Qantas Airways is working towards a commercial settlement with Rolls-Royce over last year's mid-air engine explosion, its chief ...

At Least 207 Missing in Brazil Floods; 741 Dead

At least 207 people are still missing after Brazil's worst landslides in decades, authorities said Wednesday, as the death toll from the ...

Guy Carpenter Establishes New Facultative Team in Iberia

Guy Carpenter & Co, the global risk and reinsurance specialist of Marsh & McLennan, announced the formation of a new dedicated ...

RSA Posts 2010 Weather Impact Update; 2011 Outlook

The UK's RSA announced that the "impact of the adverse weather in November and December 2010 to be around £142 million [$229 million] more ...

Best Upgrades Unifund Assurance Rating; Affirms Ratings of RSA Canada Members

A.M. Best Co. has upgraded the issuer credit rating (ICR) to "bb+" from "bb" and affirmed the financial strength rating (FSR) of ...
Sponsored Content

The Insurance Community University Announces Webinar Classes Approved for CE in California

January 20 2011 - The Insurance Community University announces the unveiling of its 'Lecture Series' of Webinar Classes approved for CE ...
Insurance Journal Blogs

Are Generational Differences Working For or Against Your Office?

How many different generations do you have working side by side in your Agency or Company? Do you have a Veteran who thrives on the ...

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New Discussions in the Forums

Non-standard vrs. Standard Insurance
Posted: Thu Jan 20 -- Why limit yourself? My successful agent friends offer a range of products to meet all their customers needs. That is why the independent... mica.cooper
Anyone with opinion on EZBuy electronic signatures
Posted: Thu Jan 20 -- #1 An agent should never never never use an electronic signature for an initial offer of coverage. You should always meet the person, verify... mica.cooper
Incentives for Clients
Posted: Wed Jan 19 -- I am wondering under the Insurance Code if it is acceptable/legal to offer incentives for new business/clientele? I am focusing on... NewBrkerCA
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
Claims Made, Claims Made & Reported, and Occurrence
Posted: Thu Jan 13 -- Claims Made requires that a claim be made and reported during the policy period(or specified time following the policy period) and... Jim3955
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?... InsureTime

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