Daily Headlines: Tuesday, February 8, 2011

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February 8, 2011 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Medical Marijuana Insurance Specialist Offers Pot Raid Coverage Medical cannabis dispensaries, collectives, cooperatives, cultivators and caregivers  operating within state guidelines have a new option ... Firms Can Avoid Shareholder Lawsuits with Kid Behavior When companies are looking at bad earnings news, a new study from the University of Iowa suggests it's best for executives to remember what ... Insurance Fraud Starts with Unexpected Offer of Repair Services Each year consumers pay more for their auto and homeowners insurance policies as a direct result of fraud. Unnecessary auto glass repairs, ... U.S. Findings on Toyota Throttles Due Today The Obama administration will release Tuesday the findings of its long awaited review of Toyota Motor Corp.'s electronic throttles over ... 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... More National News East Stats Show New York CIty Has Low Traffic-Fatality Rate New statistics find that New York City's traffic fatality rate is among the lowest in the nation. The figures, which cover the last two ... Virginia Officials Plan Statewide Tornado Drill Virginia emergency management officials are planning to hold a statewide tornado drill. The drill is a joint effort between the state ... White Picked to Head D.C. Insurance Department Bill White has been named as the next director of insurance, securities and banking in Washington D.C. White has 35 years of experience in ... More East News Practical Workers' Compensation Series How to Read, Understand and Explain the Experience Modification Worksheet Presented by author Chris Boggs - Attend live webcast Thursday, Feb 10 - Download audio and video of the training session Register Today Midwest Ohio's The McGowan Cos. Rebrand Core Insurance Operations The McGowan Companies Inc. in Fairview Park, Ohio, announced that it has rebranded its core insurance operations. McGowan and Company Inc., ... Iowa Supreme Court: Agent not Required to Suggest Unrequested Coverage The Iowa Supreme Court has sided with an insurance agent in a case involving whether or not the agent had a duty to advise his clients as ... Brown Joins Lockton in St. Louis Kansas City-based insurance broker Lockton Companies has expanded its St. Louis, Mo., office with the addition of Ryan W. Brown as ... More Midwest News Southeast Florida Senate Committee Postpones Vote on Property Legislation For the second straight week,  the Florida Banking and Insurance Committee failed to reach a final vote on its comprehensive property ... Florida Senate Looking to Expand Commercial Deregulation The Florida Senate and Banking Insurance Committee has approved a bill that would deregulate a variety of commercial lines of insurance by ... Mercury General to Exit Florida Homeowners Market Citing fourth quarter losses in Florida of $19 million, Mercury General said it would begin the process of withdrawing from the state's ... More Southeast News South Central Gainsco Insurance Subsidiary Upgraded Dallas-based Gainsco Inc. announced that A.M. Best has upgraded the financial strength rating (FSR) of Gainsco's principal insurance ... Weather Related Loss Estimates in Texas Reaching to $100M Preliminary estimates of insured losses from recent winter storms in Texas range between $51 million and $100 million statewide according ... More South Central News West California Insurance Wholesalers Association Honors Anderson The California Insurance Wholesalers Association has honored David F. Anderson, chairman of Anderson & Murison, with its Wholesale ... Gans Joins Nevada Capital Insurance Capital Insurance Group has promoted Jeff J. Gans to resident director of operations for Nevada Capital Insurance Co. (NCIC), an affiliate ... Align Financial Group Acquires ELM Insurance Align Financial Group Inc. (Align) has acquired Executive Liability Managers Insurance Brokers Inc. and Attorneys & Professionals ... Calif. Workers’ Comp Division Mourns Passing of Nevans California's Division of Workers' Compensation (DWC), a division within the Department of Industrial Relations (DIR), has sadly announced ... Mercury Insurance Suffers $23.6M Net Loss Due in part to claims from California rainstorms and Florida sinkholes, Los Angeles-based Mercury Insurance reported a fourth quarter net ... Calif. Recovers $63.8M in Insurance Investigations, Exams The California Department of Insurance announced it has recovered $63.8 million for consumers through consumer complaint investigations and ... CMR Risk & Insurance Names Jacka Employee Benefits Broker San Diego based CMR Risk & Insurance Services Inc. has added Grant Jacka as its employee benefits broker. Jacka comes to CMR Risk & ... Calif. Commissioner Seeks Insurance Rate Review Authority Calif. Insurance Commissioner Dave Jones has released draft guidance for Senate Bill 1163. The new law, which went into effect on Jan. 1, ... More West News International Hijacked Oil Tanker Headed towards Somalia Pirates using guns and rocket propelled grenades hijacked an Italian oil tanker in the Indian Ocean on Tuesday, Italian Navy and European ... Wild Weather Could Push Miners to Heed Insurers’ Warnings; Reassess Risks A surge in weather-related disasters in Australia could push global mining firms to overhaul supply contracts and rethink how bad weather ... Aon Warns UK Businesses Face Threat from Environmental Legislation UK businesses are "dangerously exposed to the possibility of heavy fines under the latest UK and EU legislation regarding environmental ... PartnerRe Hit by Cat Losses, Reports Decreases in Q4, FY Net Income Bermuda-based PartnerRe Ltd. reported net income of $57.0 million, or $0.65 per share on a fully diluted basis for the fourth quarter of ... Beazley Extends Global Environmental Underwriting to Pollution Coverage Specialist insurer Beazley announced that it is broadening its coverage of environmental risks, first launched by its U.S. company,  by ... Aspen Posts 34% Drop in Net Income for 2010 at $312.7 Million; Q4 $92.7 Million Bermuda-based Aspen Insurance Holdings Limited reported net income after tax for the fourth quarter of 2010 of $92.7 million and operating ... Beazley FY Profits Top $250 Million Beazley plc reported a 59 percent increase in its full year 2010 profits at $250.8 million, compared to $158.1 million in 2009. Additional ... 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 Diminishing Role of the Agent for P&C Insurance Posted: Tue Feb 8 -- Auto is being sold more online because it has been commoditized. This is because auto policies are small, well understood policies where the... mica.cooper How can a new agent obtain appointments? Posted: Tue Feb 8 -- to get new appointments is not a very easy one but for having a good Representative you must have good communication skills with good skills... michal I'm Considering Opening an Independent Insurance Agency Posted: Tue Feb 8 -- The key to re-capturing your clients when transitioning from a captive agency to an independent agency is proper planning. You must have an... AgencyEquity CPCU classes vs. CLU classes Posted: Mon Feb 7 -- Thanks for the response Victoria, I'm starting with CPCU 500. I scheduled my test for March 5. I thought that this would give me enough time... bjwestner 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. View our Media Kit for advertising options in our magazines and online properties. 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