Feb 7, 2011

Daily Headlines: Monday, February 7, 2011

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Insurance Journal Daily Headlines
February 7, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Chartis' Introduces Enhancements for Restaurant, Real Estate Industries

Chartis has introduced Prime Express with XSEnhanced, a suite of coverage endorsements developed by its Growth Enterprises Division to ...

Brown & Brown Names 4 Regional Vice Presidents

Florida-based insurance agency Brown & Brown, Inc. has named regional vice presidents in Washington, Florida, Louisiana and ...

R-T Specialty to Acquire American E&S from Wells Fargo

Chicago-based R-T Specialty, the wholesale brokerage unit of Ryan Specialty Group, has agreed to purchase the wholesale insurance business ...

Berkshire Hathaway to Buy Rest of Wesco Financial

Warren Buffett's Berkshire Hathaway Inc. will buy the 19.9 percent it does not own of Wesco Financial Corp., in a deal worth about $547.6 ...

Safety Group Warns: No Helmet Can Prevent Concussions

The non-profit organization that sets safety standards for sports equipment is warning athletes and their parents to not rely on football ...

Who Will Invest to Boost AIG's Return to Public Markets?

As bailed-out insurer American International Group prepares to return to the public markets, some say it needs a sign from an eminent ...

Insured Losses from Recent U.S. Storm Could Top $1 Billion

Insurers stand to pay between $790 million and $1.4 billion for insured losses to residential, commercial and industrial properties and to ...

Insurance Industry Can Help Pizzerias Avoid Losses on Super Bowl Sunday

Americans will consumer 30 million slices of pizza on Sunday, making Super Bowl Sunday one of the busiest day of the year for pizza chains. ...

From MyNewMarkets.com Business Owners Benefit From New Personal Guarantee Insurance Option

A new type of insurance called personal guarantee insurance (PGI) from Burns & Wilcox and Asterisk Financial will provide some peace of...
The Legal Challenges of Hiring, Firing and Managing Employees in the Social Media Era
East

Farmers Watch Harsh Winter Crush Their Livelihoods

For Northeastern farmers long used to coping with all sorts of cold-weather problems, this winter presents a new one: snow and ice that's ...

Leonardi Picked as Connecticut Insurance Commissioner

The head of an investment firm that works with insurance companies has been picked as Connecticut's next insurance commissioner. Thomas ...

Marsh Agency Unit Acquires Hampton Roads Bonding

New York-based Marsh & McLennan Agency has acquired Hampton Roads Bonding (HRB), a surety bonding agency for commercial, road, utility, ...
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Midwest

Illinois Distributes $18M from Settlement with Insurance Agency

The Illinois Department of Insurance (DOI) is distributing $18 million from a settlement reached with an insurance agency to Illinois ...

Buckeye State Mutual Partners With Middle Georgia Mutual

Buckeye State Mutual Insurance Co. (BSMIC), a property and casualty insurer based in Piqua, Ohio, has agreed to affiliate with Middle ...
Southeast

North Carolina SIA Group Appoints Edwards

Don Mills, president of the North Carolina-based SIA Group, has announced that Angela Edwards has been named employee benefits account ...

Mississippi Suit Against Healthcare Law Dismissed… for Now

A federal judge has dismissed a lawsuit in Mississippi that challenges part of the Obama administration's health care law, but he is giving ...
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South Central

Texas AG: Drug Maker to Pay $170M in Damages for Fraud

A Travis County (Texas) jury recently returned a record-setting verdict for damages against drug manufacturer Actavis Mid-Atlantic LLC, the ...

RISC Inc. Adds Vice President of Transportation

Dallas-based RISC Inc. has added Joe de Poo as vice president in its Transportation Department. De Poo has more than 25 years of insurance ...
West

Abram Interstate Acquires Align General's Equine Business

Rocklin, Calif.-based Abram Interstate Insurance Services, Inc. has announced that it has purchased an equine and farmowners book of ...

Berkshire Hathaway Inc. to Acquire Wesco Financial Corp. Outstanding Common Stock

Berkshire Hathaway Inc.  and Pasadena, Calif.-based Wesco Financial Corp. have entered into a definitive merger agreement, whereby ...
International

Wildfires Destroy Homes in Western Australia

Wildfires tore through the suburbs of an Australian city on Sunday, destroying a number of homes, news reports and authorities said. There ...

Lloyd's Warns of Increases in Fraudulent Claims

Fraud is a fact of life for the insurance industry - part of the game so to speak. While some claims, as Lloyd's notes in an article on ...

Russia's $3.6 Billion VTB Bank Roadshow Hooks Italy's Generali

An overseas roadshow by VTB to raise some $3.6 billion got off to a solid start on Monday, lining up Italy's Assicurazioni Generali SpA as ...

S and P Puts AXA Insurance on CreditWatch After Ireland Ratings Downgrade

Standard & Poor's Ratings Services said today that it placed its 'BBB+' long-term counterparty credit and insurer financial strength ...

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Insurance Journal TV

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Will Deficit Debate Affect Flood Insurance? Taxes?

Following the November elections, Congress and the White House, as well as states, have...
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How November Elections Changed Insurance Power in Washington

The November elections brought change to Washington as Republicans took control of the House...

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New Discussions in the Forums

CPCU classes vs. CLU classes
Posted: Mon Feb 7 -- Which CPCU class are you taking? The book size will vary by class. Personally, I'm taking CPCU 500 and the textbook is a good size. As for... Victoria860
How can a new agent obtain appointments?
Posted: Mon Feb 7 -- I agree. New agents find it very hard to get appointments. Most want quick ROI without the overhead of time, training and costs. Having said... cheryzune
I'm Considering Opening an Independent Insurance Agency
Posted: Mon Feb 7 -- Not directly related to your question, but did you work for an insurance agency before? it could you save a lot of money and time by... cheryzune
Producer Agreement
Posted: Fri Feb 4 -- I"m looking for a sample procuder agreement. Any help is apprecieated. Thanks JAM

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