Feb 16, 2011

Daily Headlines: Wednesday, February 16, 2011

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Insurance Journal Daily Headlines
February 16, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Whistleblower Alleges JPMorgan Ignored Red Flags on Fraud

A former JPMorgan Chase & Co. private banker has filed a new whistleblower complaint against the bank, saying it ignored many red flags ...

Suit Claims BP Official Quit Over Safety Issues Before Gulf Disaster

A former official with BP's drilling operations in the Gulf of Mexico resigned just months before last year's oil spill because of ...

Business Risk Partners Launches Combo GL, E&O Coverage for Home Inspectors

Business Risk Partners is now offering general liability coverage to home inspector firms that purchase errors & omissions insurance. ...

Willis North America Names Elliott as Operations Director

Insurance broker Willis North America has appointed  Jeff Elliott as director of operations. He will be based in Charlotte, N.C. In this ...

National Insurance Licensing Group Names 2 to Board

The organization working to bring more uniformity to insurance licensing by states has named two new board members. The National Insurance ...

SpatialKey, MarketStance Partner on Commercial Insurance Analysis

Spatial Key and MarketStance have formed a strategic partnership to provide commercial insurance carriers with instant, visual insights ...

From MyNewMarkets.com Restaurant Market Starting to Heat Up Again

It is no secret that the restaurant industry has been in a slump the last few years. As families have cut back on eating out, restaurants...
Sponsored today by: NSM Insurance Group. Builders Risk...It's so easy. Click here for more info.
East

Virginia Enters Spring Fire Season

A ban on outdoor burning of brush after went into effect Tuesday in Virginia, as the state marked the beginning of spring fire season, ...

Crews Unearth Gas Pipe Eyed in Deadly Pennsylvania Blast

A 4-foot-long section of natural gas pipe suspected of causing a massive explosion and fire that killed five people has been unearthed and ...

Connecticut Court: Man Charged in Arson Can Sue Insurer

A Connecticut man charged with burning down his beach home hours before he was supposed to give it to his estranged wife can sue the home's ...

Marsh Agency Buys Kinloch Consulting

Marsh & McLennan Agency (MMA), the retail unit of Marsh, has acquired the Boston office of Kinloch Consulting Group Inc., the employee ...
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Midwest

Michigan Judge Rules Wal-Mart Can Fire Employee for Marijuana Use

Michigan law legalizing medical marijuana doesn't stop private businesses from firing people for drug use, a federal judge said in ...

Martin Promoted to Administration Leader at Missouri DIFP

The Missouri Department of Insurance, Financial Institutions and Professional Registration (DIFP) named former budget officer Grady Martin ...
Southeast

Alabama Court Orders New Trial on $8.5 Million Verdict Against Ford

The Alabama Supreme Court has thrown out an $8.5 million verdict against Ford Motor Co. and ordered a new trial, saying a judge made an ...

Nashville Launches Flood Preparedness Program

Nashville Mayor Karl Dean says the city has assembled a team to develop a unified flood preparedness program to lessen the damages that ...

Florida’s BKS-Partners Finalizes Acquisition of IRMS

Tampa-based Baldwin Krystan Sherman Partners, LLC has completed its acquisition of the Naples-based Insurance and Risk Management Services ...

Foremost Insurance Enhances Dwelling Fire Program in South Carolina

Foremost Insurance Group has enhanced its dwelling fire program in South Carolina. Foremost targets standard and preferred landlord ...
South Central

Certificates of Insurance a Priority Legislative Issue for Texas Agents

With a massive hole in the state's budget and the duty to redistrict, insurance issues are likely to be low priority items for Texas 82nd ...
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West

Disaster Plan Needed for Los Angeles Disabled

The city of Los Angeles discriminates against disabled people because it lacks specific plans to meet their needs in the event of a natural ...

Calif. Insurance Agents & Brokers Association Changes Name to Cal Agents

Insurance Agents & Brokers Association of California has changed its name to California Agents & Brokers Insurance Association -- ...

Wyoming Bill Would Allow Guns in Cars at Work

The Wyoming House is considering a bill that would prevent employers from prohibiting workers from keeping guns in their vehicles at the ...

L/B/W Insurance Acquires Fortman Insurance

L/B/W Insurance & Financial Services Inc. has acquired neighboring independent agency Fortman Insurance. In the arrangement, all ...

Nevada Publishes Guides to Insurance

The Nevada Division of Insurance has created a series of consumer guides to help make choosing homeowners, flood, earthquake and auto ...

Capital Insurance Group Adds Account Executives in Washington

Monterey, Calif.-based Capital Insurance Group (CIG), a regional property and casualty insurer serving the Western United States, has added ...
Sponsored by: Arrowhead General Insurance Agency. Write More Construction Business. New Admitted 'A' (X)Carrier. Get the tools to GROW your revenues. Click for more info.
International

Zurich Names Wright to Group Head of Human Resources

Zurich Financial Services Group announced the appointment of Peter J. Wright (56, British citizen) to the position of Group Head of Human ...

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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...

TV icon Watch more videos at InsuranceJournal.tv

New Discussions in the Forums

Career Advice
Posted: Wed Feb 16 -- Well let me first applaud you in the fact that you have some idea of what you want to do when you are done with school. Most people do not.... bjwestner
Agency Management System
Posted: Wed Feb 16 -- Anyone with experience with QQevolution? We are considering that one and hawksoft. Any thoughts? glennen
A facility maintenance account question
Posted: Wed Feb 16 -- What I'm about to ask I think is a case of my seeing the forest too clearly and missing the trees. I'll be interested in the opinions of... doyourhomework
Are Insurance Agencies Looking to Merger?
Posted: Tue Feb 15 -- I have heard and read about this issue but didn't get any solid proof. Lets see, might someone will clarify whether insurance agencies are... Everett
I'm Considering Opening an Independent Insurance Agency
Posted: Tue Feb 15 -- Hi NewinSD, Let us know your location so we will guide you accordingly. Different countries have different strategies, terms and conditions. Everett
California Capital Insurance Co.
Posted: Tue Feb 15 -- Agree with AgencyEquity, They policies are very strict, resulting their standards are high. That is why every one wants to work with CIG. Everett
Insurance can be FUN :)
Posted: Tue Feb 15 -- I am new in Insurance field and just registered on IJ forum. I am HAPPY to be a part of this forum :) Hope someday I will post my funny... Everett
Carrier Trainee: Presentation Help.
Posted: Tue Feb 15 -- Thank you so much for the advice Val!! Being a young underwriter trainee this is just what I was looking for. Your insights will definitely... Trainee
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

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