Feb 3, 2011

Daily Headlines: Thursday, February 3, 2011

Sponsored today by: NSM Insurance Group. Homebuilders Coverage. New Construction. Single and Multi Family Homes. Click here for more info.
Insurance Journal Daily Headlines
February 3, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Senate Democrats Block Repeal of Healthcare Law

President Barack Obama's fellow Democrats in the U.S. Senate blocked a Republican bid Wednesday to repeal his healthcare overhaul, likely ...

Congress Trying Again on Patent Reform

Senior U.S. lawmakers are once again planning to reform the patent system to try to eliminate huge damage awards, an issue ripe for ...

Judge Finds Claims Fund Chief Feinberg Not Independent of BP

The administrator of BP Plc's $20 billion fund to compensate victims of the Gulf oil spill is not independent and the oil company must ...

Why Elderly Are Bad Drivers

When elderly drivers get behind the wheel, they often confront the harrowing reality that they cannot easily see other cars, pedestrians, ...

Marsh Forms Alliance with Maplecroft to Assist Clients with Political Risk

To assist clients in analyzing and monitoring crucial political, economic, social, and environmental risks, Marsh has formed an alliance ...

Berkshire Hathaway Homestate to Provide Workers’ Comp Nationally

The Berkshire Hathaway Homestate Companies (BHHC) now has the ability to provide workers' compensation coverage to their clients in every ...

The Hartford Sees 4Q Profits Grow

The Hartford reported a larger fourth-quarter profit, as improving results in its wealth management unit offset a variety of cost pressures ...

Senate Votes to Rescind IRS 1099 Healthcare Reporting Measure

The U.S. Senate Wednesday voted overwhelmingly to rescind a measure in last year's healthcare law that expands business transaction ...

From MyNewMarkets.com Caution: Distressed Commercial Properties

The American landscape is littered with partially built, financially distressed or bank owned properties. Whether they are towering condos,...
Sponsored by: National Ethics Association. E&O for Less - P&C. Property and Casualty Agents. Errors & Omissions Insurance. Only $787. Click here for more information.
East

Delaware Adds 48 New Captives

Delaware added 48 new captive insurers last year, doubling the state's total to 96 captives, according to state regulators. Steve Kinion, ...

Insurers Laud New Jersey Fraud-Fighting Legislation

The Property Casualty Insurers Association of America (PCI) says it wants New Jersey lawmakers to adopt legislations that would enhance ...

McIntyre Group Hires Purfield as Biz Dev Exec

New Jersey-based broker The McIntyre Group has named Mark D. Purfield as a marketing executive responsible for business development. ...
Learn how to How to Read, Understand and Explain the Experience Mod Worksheet
Midwest

Midwest Buckles Under Storm

A massive storm billed as the worst in decades barreled toward the northeast Wednesday, leaving vast swaths from Chicago to New York ...

Iowa Commissioner: Wellmark May Increase Rates by 8.5%, not 10.8%

After completing a review of health insurer Wellmark's November 2010 rate increase request, Iowa Insurance Commissioner Susan E. Voss has ...

Agriculture, Energy Help Bolster Mid-America States Economy

The economy is gaining strength in nine Midwest and Plains states because global growth and continued low interest rates have provided a ...
Southeast

Florida Regulator Wants Dallas National Vendetta Lawsuit Dismissed

Florida Insurance Commissioner Kevin McCarty is back in federal court looking to end a legal battle with the Texas-based Dallas National ...

Csiszar, Ex-Regulator, Named to Board of Florida’s Patriot National

Ernest N. Csiszar, former South Carolina insurance commissioner and head of a national insurers organization, has been named to the board ...

BB&T Promotes Owen to Director of Commercial Lines in Florida

BB&T Insurance Services has promoted David Owen to director of commercial lines and BB&T Insurance Services' at its Fort Myers, ...
South Central

Arkansas Senate to Take Up Cell Phone While Driving Restrictions

The Senate is looking at banning drivers from using handheld cell phones in school and highway work zones, going a step further than a ...

Geographer Recreates 'The Great Louisiana Hurricane of 1812'

Nearly 200 years before Hurricane Katrina, a major storm hit the coast of Louisiana just west of New Orleans. Because the War of 1812 was ...

TDI December Enforcement Actions Result in Nearly $575K in Fines, Restitution

Texas Department of Insurance enforcement actions taken by Commissioner Mike Geeslin that became final during December 2010 include four ...
Sponsored today by: Texas Mutual Insurance Company. 'They're the best workers' compensation company that we work with.'. Texas Mutual Insurance Company. Here for Texas, Here to Stay. Click here for more information.
West

EPIC Launches National Public Entities Practice

California-based EPIC (Edgewood Partners Insurance Center), a retail property, casualty and employee benefits insurance brokerage, has ...

Montana Bill Would Send Workers’ Comp Out for Bid

A Montana senator believes the state might save money if part of the workers' compensation program were administered by a private ...

Reno Facing Decision on Creation of Flood Agency

Fourteen years after being hit by flooding, Reno, Nev., elected officials appear split on a plan to create a multi-jurisdictional flood ...

Calif. City May Give Red Light Camera Fines to Charity

A Southern California city may donate red light camera fines to local charities in an effort to convince skeptics that safety is the motive ...
International

Cyclone Yasi Spreads Destruction in Queensland, But No Deaths Reported

Tropical cyclone Yasi roared ashore on the coast of Queensland last night, causing widespread damage to property and knocking out power ...

No Comment from QBE on Report of Talks to Buy Balboa from BofA

QBE Insurance, Australia's biggest insurance group, is in talks to buy U.S. insurer Balboa from Bank of America , a media report said on ...

Munich Re Estimates 2010 Profits at $3.35 Billion

Munich Re announced that its preliminary estimate of its consolidated results for 2010, "despite substantial losses," is €2.43 billion ...

ICC Says Impact of Counterfeiting/Piracy to Reach $1.7 trillion by 2015

A new report released from its Paris headquarters by the International Chamber of Commerce (ICC) indicates that the global economic and ...

Aon Benfield Natural Hazard Centre Hosts African Workshop on Disasters

Aon Benfield announced that its Natural Hazard Centre in South Africa at the University of Pretoria has hosted the first "ENHANS ...

Willis, Atlas Set-up Malta-based Insurer to Underwrite UK Auto Liability

The Global Captive Practice of Willis Group Holdings and Atlas Insurance PCC (Protected Cell Company), which is based on the Island of ...
Sponsored Content
The e-Marketing Minute is a bi-weekly video series designed to help insurance agents learn how to grow their agency utilizing the Internet. Check it out.

Join the Insurance Journal Network

Twitter Facebook LinkedIn


Insurance Journal TV

Video thumbnail

How November Elections Changed Insurance Power in Washington

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

Medical Marijuana Retailer High on Insurance

Sara Jane Sinclair is the CEO of Sara Jane Inc., a medical marijuana dispensary located in...

TV icon Watch more videos at InsuranceJournal.tv

New Discussions in the Forums

Specialty Contractor
Posted: Thu Feb 3 -- Specialty contractor in CA does lube and air system installation at gas stations and lube/oil stops. About 50% of revenues is sales, 25%... GRCinCA
Captive Agencies with Non-Compete Agreements
Posted: Thu Feb 3 -- Many producer agreements come with some sort of a non-compete clauses and nearly all captive agency contracts have non-compete clauses... AgencyEquity
Stop It!
Posted: Thu Feb 3 -- I am new to this forum but not new to p and c or sales. I have been reading through this forum for the last couple of hours scanning... jrcpcpkc
CPCU classes vs. CLU classes
Posted: Wed Feb 2 -- Well I actually received my CPCU textbook and guides last night and was surprised at how thin the textbook is. It's about half the size of... bjwestner
Social Media and its potential
Posted: Wed Feb 2 -- In reply to d's insurance store's comment/question: Considering your audience is one of the most important considerations when using social... ignotus25
Commercial rater
Posted: Tue Feb 1 -- Please send me a private message with your contact information. I'd like to talk to you offline about this. Thanks! Carey cstraetz
Potentially Starting My Own P&C Agency...Cluster Questions
Posted: Tue Feb 1 -- I hope your boss is not reading this, Just kidding. Nevertheless you need to make quite a big margin in order to depend on it. I can't give... aahorncole
Pizza Delivery Work Comp
Posted: Tue Feb 1 -- There's a great video on YouTube on Human Computer Interface where someone has written a software which is based on MS-DOS and that you can... aahorncole

Current Issue

Current Issue
2011 Market Fact Book and Buyer's Guide; (including all 2010 Surveys in one convenient place!)

More Newsletters

Choose Newsletters
Enter Your E-mail

How to Advertise

For information about advertising on this newsletter and Insurance Journal magazines, contact Julie Tinney at (800) 897-9965 x148.
View our Media Kit for advertising options in our magazines and online properties.
Insurance Journal
3570 Camino del Rio North, Suite 200
San Diego, CA 92108
(800) 897-9965
Copyright © 2011 by Wells Publishing, Inc.

No comments:

Post a Comment