Daily Headlines: Wednesday, February 9, 2011

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February 9, 2011 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National SPECIAL REPORT: Extreme Weather Batters Insurance Industry In Chester County, South Carolina, off a dirt road in the middle of a field, insurance companies are literally unleashing a storm. To ... Allstate to Exit Banking Business The Allstate Corp., the nation's largest publicly held personal lines insurer, is getting out of the banking business. Discover Bank, a ... AIG to Take $4.1 Billion Q4 Charge for Reserves Bailed-out insurer American International Group Inc. said it would take a $4.1 billion charge at its Chartis unit after a review showed ... RLI Creates New Reinsurance Property Treaty Group RLI Corp. has created a new Property Treaty Group within its RLI Re Division to expand its capabilities in the reinsurance marketplace. The ... U.S. Probe: Toyota Throttles Not Cause of Acceleration Accidents A U.S. government investigation showed no link between electronic throttles and unintended acceleration in Toyota Motor Corp. vehicles, a ... 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 Practical Workers' Compensation Series How to Read, Understand and Explain the Experience Modification Worksheet Presented by author Chris Boggs - Attend live webcast Tomorrow, Feb 10 - Download audio and video of the training session Register Today East Facebook Firing Suit Settled A settlement has been reached in the case of a Connecticut worker who was fired for criticizing her boss on Facebook, according to the The ... New Jersey Senate Panel OKs Lower Vehicle Fines A bill advanced by the Senate Transportation Committee on this week gives some New Jersey drivers a break. The bill reduces the maximum ... Markel Appoints Gregory Markel has named James Gregory as business development specialist supporting retail agencies in the Northeast. Gregory, who joined Markel ... More East News Midwest Overby-Seawell Adds Hollister to Missouri Staff Overby-Seawell Co. has announced that Lee-Ann Hollister has joined its executive sales team as part of the company's nationwide expansion. ... Accidents Shine Spotlight on Grain Elevators Recent high-profile accident cases have put a regulatory spotlight on grain elevators. Speakers at the North Dakota Grain Dealers ... Wisconsin Senate to Take up Car Insurance Legislation Minimum levels of car insurance that were increased two years ago would drop back down again under a bill up for a vote in the state ... Report: Workers’ Comp in Illinois Often Just Needs Doctor’s Note A newspaper has found that state, municipal or private workers in Illinois have gotten thousands of tax-free dollars in workers' ... North Dakota Workers’ Comp Coverage Refused for Mental Stress A proposal to give workers' compensation insurance coverage to emergency workers for mental stress has been defeated in the North Dakota ... More Midwest News Southeast Mississippi Bill Lets Employers Buy Health Policies from Other States The Mississippi House has approved a plan that would allow employers to buy group health insurance policies anywhere in the country, not ... Insurers Oppose South Carolina Bill on Construction Defects Insurers have come out  against a move by South Carolina lawmakers to extend general liability policies to include construction defects. ... More Southeast News South Central Iroquois Group Adds Blessing as Regional Manager in Texas Iroquois of Texas has added Jerry Blessing as regional manager in North Texas. Blessing has more than 30 years' experience in the ... Pronto Insurance Agency Hires Director of Franchise Operations Pronto Insurance Agency, a Brownsville, Texas-based provider of auto and homeowners insurance, has hired Sidney Williams as its new ... Oklahoma Labor Commissioner Wants Workers’ Comp Overhaul Oklahoma Labor Commissioner Mark Costello is asking lawmakers to overhaul the state's workers' compensation system. Costello appeared ... More South Central News Practical Workers' Compensation Series How to Read, Understand and Explain the Experience Modification Worksheet Presented by author Chris Boggs - Attend live webcast Tomorrow, Feb 10 - Download audio and video of the training session Register Today West WKF&C to Offer Earthquake Coverage San Francisco-based WKF&C Agency Inc. and Insurance Company of the West have announced a strategic partnership in which WKF&C will ... Iroquois Adds Ade as Regional Manager Allegany, N.Y.-based Iroquois Group announced that Spencer Ade has been hired by Iroquois Southwest as the regional manager for Colorado ... More West News International Aon Warns Companies in Middle East to Plan for More Unrest Aon Risk Solutions, the global risk management arm of Aon Corp., is advising companies in the Middle  east to "begin planning now for the ... Willis Makes Changes in its Reinsurance, Wholesale & Placement Units Willis Group Holdings has announced a series of leadership appointments in its reinsurance, wholesale and placement divisions. The ... Climate Skeptics Remain Unpersuaded by Extra-warm 2010 Remember 2010? U.S. and international scientists reckon it tied for the warmest year on record, supporting findings of unequivocal global ... XL Group Posts $188 Million Q4 Net Income; FY $585.5 Million The XL Group announced significant income gains for both the fourth quarter of 2010 and for the full year. Net income attributable to ... AXIS Capital Posts $264 Million Q4 Net Income; FY $820 Million Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders for the fourth quarter of 2010 of $264 ... RenRe’s Q4 Net Income – $122.6 Million; FY $702 Million Show Decreases Bermuda-based RenaissanceRe Holdings Ltd. reported net income available to common shareholders of $122.6 million or $2.23 per diluted ... More International News 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. More Sponsored Content 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: Wed Feb 9 -- "bjwestner, This type of coverage is auto replacement, commonly available in countries outside the USA. There... KPIA UM/UIM on a Personal Umbrella? Posted: Wed Feb 9 -- We are currently offering this to our clients through American Alternative Insurance Company (AAIC). It used to be relatively commonplace... KPIA CPCU classes vs. CLU classes Posted: Tue Feb 8 -- Hi. I work for The Institutes and can confirm that CPCU 500, 520, 530, 540 are all objective multiple-choice exams, as are CPCU 553, 555,... skryan 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 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!) 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