Daily Headlines: Friday, February 11, 2011

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February 11, 2011 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Invited by GOP, Businesses Vent About EPA, OSHA, Dodd-Frank Rules On issues ranging from the air we breathe to the noise factories make, business leaders want the government to stay out of their way. And ... Independent Agents Wanted for New Study on P/C Insurers Independent insurance agents are invited to participate in a major new study probing agents' attitudes toward their carrier relationships ... S&P Sees No Rating Change for AIG from $4.1 Billion Charge Standard & Poor's Ratings Services announced that its ratings on American International Group Inc. (A-/Negative/A-2) and AIG's ... Best Comments on Ratings of Chartis U.S. Insurance Group Best Comments on Ratings of Chartis U.S. Insurance Group A.M. Best Co. has commented that the financial strength rating of 'A' (Excellent) ... Ratings Roundup: Allstate (bank), Queen City, Sutter, Auto Club (Michigan) Standard & Poor's Ratings Services announced that its ratings on Allstate Corp. (A-/Stable/A-2) and its operating subsidiaries "are not ... Valentines Alert: Steer Clear of Romance Behind the Wheel Nearly one-third of American drivers smooch or engage in other romantic contact while they're behind the wheel. That's throughout the ... Prepareth Not and Doom Your Summer Vacation The Nonadmitted and Reinsurance Reform Act (NRRA), Subtitle B, Part I, Dodd-Frank Wall Street Reform and Consumer Protection Act, will ... Jewelers unBLOCKed to Offer Jewelers Block Insurance from Chubb CED 1976, LLC, will be the exclusive provider of underwriting and policy servicing for a new jewelers block insurance program from the ... Bidmead Named CEO of Marsh U.S. Retail Operations Marsh Inc. has appointed David Bidmead to the newly-created role of CEO of Marsh U.S. In this capacity, Bidmead will guide Marsh's U.S. ... AIRROC Elects Three New Execs The Association of Insurance and Reinsurance Run Off Companies (AIRROC) has elected Art Coleman as chairman and Kathy Barker and Marianne ... Public Entities and Their Insurance Providers Adjust Sails in Fiscal Storm State and municipal governments are facing tight budgets and many are having difficulty paying for their police, fire, schools and services.... More National News The Real Effects of Granting Additional Insured Status Presented by author Chris Boggs - Attend live webcast Tuesday, Feb 15 - Question and Answer Session - Download audio and video of the training session Register Today East Coakley Urges Massachusetts Regulators to Reject Rate Hike by Progressive Massachusetts Attorney General Martha Coakley is urging state insurance regulators to reject Progressive's request for a 23.5 percent ... New York Agents Happier with Insurers This Year, Survey Says A new survey by a trade group for New York agents finds insurance producers give their carriers good marks for honesty and fair treatment ... PIA Names Koetzle as Vice President PIA Management Services named Christopher Koetzle to the newly created position of vice president for the umbrella corporation that manages ... More East News Midwest Spring Flooding Could Swell North Dakota Lake by 50 Square Miles The cost of flood control in North Dakota's Devils Lake region has surpassed $1 billion, but the worst could be yet to come this spring ... RLI Corp. Founder and Chairman Announces Retirement Gerald D. Stephens, founder and chairman of the board of Peoria, Ill.-based RLI Corp., announced that he intends to retire from the RLI ... More Midwest News Southeast Florida CFO Atwater Seeks Claimants’ Feedback on BP Oil Claims Florida Chief Financial Officer Jeff Atwater is asking the state's business community and BP oil spill claimants for their input ... Elvis Music Suits in Florida, England Claim Copyright Infringement Elvis Presley Enterprises said it's suing men in Florida and England on claims of copyright infringement and illegal sale of a DVD and CD ... More Southeast News South Central Louisiana Presses BP for Oyster Money Louisiana's congressional delegation is asking BP to help Louisiana's oyster industry immediately. In November, Louisiana asked BP PLC to ... Insurance Network of Texas Announces New CEO Giddings, Texas-based independent insurance agency, Insurance Network of Texas, announced that agency founder R.J. Nitsche has passed his ... CNA Expands Spa, Pool Program to Texas CNA's Spa & Pool Contractors Program (SPLASH) has been expanded to the middle market segment in Texas. CNA's SPLASH program offers ... Frigid Air, Snow, Worry Ranchers in Oklahoma, Arkansas An icy blast tugged temperatures well below zero degrees in a large swath of the South on Feb. 10 leaving ranchers and farmers fretting ... More South Central News West True-Course Aviation Insurance Adds Roycroft as Executive VP Westlake Village, Calif.-based True-Course Aviation Insurance Services Inc. has added Eric Roycroft to the firm as executive vice ... Utah Adds 54 Captive Insurance Companies Utah gained 54 new captive insurance companies during 2010, according to the Utah Insurance Department. At the end of the year, there were ... Oregon Motor Vehicle Fatalities Down 13% Oregonians are responding to transportation safety messages, with the state's motor vehicle fatality toll for 2010 preliminarily at 325. ... EPIC Adds Chen as Account Executive EPIC (Edgewood Partners Insurance Center), a retail property, casualty insurance brokerage and employee benefits consultant, has added ... More West News International Long-range Somali Piracy Could Affect Insurance Costs, Conditions Insuring ships against piracy could become more expensive and subject to tighter conditions after the hijacking this week of oil tanker ... Munich Re Marine Head Warns Against Arms Race to Combat Pirates Installing sharpshooters on oil tankers to fight off pirates as some shippers have suggested risks provoking more aggressive attacks, a ... ICA Posts Revised Claims Figures for Queensland, Victoria Floods The Insurance Council of Australia has posted updated claims figures for the foods that devastated large portions of the States of ... Everest Re Posts $257.8 Mn Q4 Operating Net Income; FY $518 Mn The Bermuda-based Everest Re Group reported fourth quarter 2010 after-tax operating income, which excludes net realized capital gains and ... Ratings Recap: Westaim/Jevco, GCAN, Euro Arab A.M. Best Co. has affirmed the financial strength rating of 'B++' (Good) and issuer credit rating (ICR) of "bbb" of Jevco Insurance ... Best Issues Ratings Announcements on Fairfax Subsidiaries A.M. Best has issued a series of ratings announcements relating to Canada's Fairfax Financial Holdings and its subsidiaries. The bulletins ... More International News Insurance Journal Blogs Best Practices – Procedures A PROCEDURE is a series of steps followed in a regular and defined order.  Consider your renewal process.  There is a beginning and an ... More Blogs Join the Insurance Journal Network Insurance Journal TV Will Deficit Debate Affect Flood Insurance? Taxes? Following the November elections, Congress and the White House, as well as states, have... Watch Now How November Elections Changed Insurance Power in Washington The November elections brought change to Washington as Republicans took control of the House... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums I'm Considering Opening an Independent Insurance Agency Posted: Fri Feb 11 -- Captive Agents are free agents, nobody should be held back because of threats, this is not how the system is meant in a free market economy.... AgencyEquity Anyone with opinion on EZBuy electronic signatures Posted: Fri Feb 11 -- Are all of you guys just kidding me? Do you really live in the dark ages? I use to have 8 track tapes but gave those up years ago for a... choicenotchance Anyone offering instant auto quotes on their site? Posted: Thu Feb 10 -- You're correct by saying that the information a prospect place is different from reality. In my opinion it is a waste of time, as the... Mannyace National Agents Alliance? Legit or Keep Away? Posted: Thu Feb 10 -- National Agents Alliance just launched... larryking22 Diminishing Role of the Agent for P&C Insurance Posted: Thu Feb 10 -- A number of companies offer some variation on the new replacement. Many, however, have exclusions for fire, theft and larceny. FurriePrincess Federal Flood Fund Funding Debate Posted: Thu Feb 10 -- Fellow Insurance Workers, I keep hearing in the news about the Flood funding and keeping it solvent. I was wondering if anyone else thinks... mica.cooper CPCU classes vs. CLU classes Posted: Thu Feb 10 -- I would like the e-books to compliment the print texts. I too feel very attached to some of my textbooks and wouldn't dream of giving them... Victoria860 California Capital Insurance Co. Posted: Thu Feb 10 -- Has anyone else recently gotten appointed with CIG? If so, how do you like working with them? 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