Daily Headlines: Monday, February 14, 2011

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February 14, 2011 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National As Merger Lawsuits Increase, So Do Legal Fees Lawyers are pushing for a $4.5 million fee for their work for investors challenging a corporate merger. The recovery for shareholders? ... Court Kills J.R. Ewing Actor’s $11.5 Million Citigroup Settlement Citigroup Inc. won a victory over actor Larry Hagman this week when a judge threw out an arbitration award against the bank for over $11 ... 5 Steps to Protect Organizations From Cyber Liability Because cyber crime has developed into a problem with potentially catastrophic consequences, cyber risk is arguably one of the single ... The Hartford Launches Workers Comp Guide For Business Owners The Hartford Financial Services Group, Inc. has introduced an e-learning guide designed to clarify and simplify workers' compensation ... 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 Join Us Tomorrow: The Real Effects of Granting Additional Insured Status Presented by author Chris Boggs - Attend live webcast Tuesday, Feb 15 - Live Q&A session - Download audio and video of the training session Register Today East New York Lawmakers Consider Extending Agents’ Licenses, Other Issues The New York Senate Committee on Insurance is scheduled to hear bills this afternoon that would extend insurance agents' license renewals, ... Report: 'Spider-Man' Caught in New York Labor Dept Web The New York State Department of Labor has issued two safety violations against the Broadway musical 'Spider-Man: Turn off the Dark,'' the ... Dad of Rhode Island Motorcyclist in Crash Sues Insurer The father of a Rhode Island motorcyclist who was killed in May by a driver running a red light has sued his insurance company. The ... More East News Midwest Report: Illinois Work Comp Arbitrator Sought Favor on Her Claim A newspaper's ongoing investigation has found that an Illinois workers' compensation arbitrator asked for help with her own personal injury ... Quirk in Law Could Force Wisconsin Family to Lose Insurance Settlement When Dane County, Wis., highway worker James Porter was struck and killed on the job in June 2009, Joel Porter, his son, lost his best ... Michigan Senate Approves Bill Banning Mandatory Ergonomics Rules The Michigan Senate has approved a bill that would prevent administrative rules mandating workplace ergonomics rules. The bill from ... More Midwest News Southeast West Virginia Changes Agent Licensing System West Virginia is moving to the National Association of Insurance Commissioners state based system for issuing agent licenses in order to ... Florida Jury Awards $260K to Tampa Smoker A Florida jury ordered tobacco company R.J. Reynolds Friday to pay $260,000 in damages to a Tampa man who developed cancer from smoking, ... More Southeast News South Central Louisiana Insurance Department Recovers More than $9.6M in 2010 Louisiana Insurance Commissioner Jim Donelon announced that the Louisiana Department of Insurance (LDI) aided Louisiana insurance consumers ... 360training.com Adds Ray as Director of Regulatory and Accreditation Austin, Texas-based 360training.com has appointed Matt Ray as director of Regulatory and Accreditation. Previously, Ray served in various ... More South Central News West Arizona Insurance Department Increases Auto Property Damage Threshold The Arizona Department of Insurance has adjusted the threshold amount of property damages insurers may use to non-renew private passenger ... State Geologists Put Calif. Earthquake Maps Online Anyone with an Internet connection can now find out whether the house they want to buy is on one of California's earthquake faults. The ... Calif. State Fund Names Vargen Senior VP California State Compensation Insurance Fund has promoted Jennifer Vargen from communications director to senior vice president of ... ClearSide General Names Robles Business Development Specialist ClearSide General has named Denise Robles business development specialist. She has an extensive background in the banking industry, with ... The Buckner Co. Hires Acquires Dana Benefits Salt Lake City-based The Buckner Co. has hired Carol Dana in its Employee Benefits department, and subsequently acquired Dana's agency, ... More West News International Private: Australia Urged to Use Catastrophe Bonds, Not Disaster Tax Global reinsurance giant Swiss Re said Australia.s natural disaster risk was increasing and urged its governments to cover the rising damages ... Correction: Zurich BOP Off 13% for 2010 at $4.9 Billion In the Feb. 10, 2011, article regarding Zurich Financial Services' results for the year ended Dec. 31, 2010, Insurance Journal incorrectly ... More International News 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 Independent Agency Start Up Costs Posted: Mon Feb 14 -- Start up costs for an independent agency should be planned and budgeted for, if a prospective agency owner is not properly funded, it can... AgencyEquity California Capital Insurance Co. Posted: Mon Feb 14 -- CIG is a fine company, their underwriting can be a little strict, but they do have some very favorable terms, including rates. AgencyEquity UM/UIM on a Personal Umbrella? Posted: Sat Feb 12 -- Well, as we are already appointed with the good folks at A&M, I went ahead and checked out their Big Umbrella program and did a couple test... KPIA Anyone offering instant auto quotes on their site? Posted: Fri Feb 11 -- "Am looking at this option for our soon to be redesigned web site and was wondering if anyone here offers... RKunz2 Anyone with opinion on EZBuy electronic signatures Posted: Fri Feb 11 -- The reason this has come to get such serious consideration from me is that Mercury is using it now. In fact they not only allow it but they... KPIA Federal Flood Fund Funding Debate Posted: Fri Feb 11 -- Ok but..., Why is the Fund not fully funded by policyholders? Why are they robbing the MAJORITY of voters for a minority? It seems to me,... mica.cooper 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 Does local outsourcing benefit the retail agency? Posted: Thu Feb 10 -- "Outsourcing is valid for two reasons: 1-You don't have the expertise inhouse 2-Its significantly cheaper... mclureins Go to Forums Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue 2011 Market Fact Book and Buyer's Guide; (including all 2010 Surveys in one convenient place!) More Newsletters Choose Newsletters Daily Headlines Weekly Reader Picks Magazine Update Insurance Journal TV Classifieds Breaking News MyNewMarkets Daily Claims Daily Enter Your E-mail Market Directories Excess & Surplus Markets Programs Workers' Comp Markets New Insurance Jobs Sales Representatives - Homeowners Insurance Director - Protection Finance Homeowners Claim Supervisor Have a job opening? List it on our Web site. How to Advertise For information about advertising on this newsletter and Insurance Journal magazines, contact Julie Tinney at (800) 897-9965 x148. 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