Daily Headlines: Friday, March 18, 2011

Contact us | Subscribe | Send to a Friend

March 18, 2011 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Who’s Worth What in the Independent Agency System? Find Out … Join IJ’s Survey Insurance Journal is polling insurance agents and brokers nationwide in its annual search to find out who's worth what in the independent ... Tech Risks to Watch in 2011 The constant innovation indigenous to the technology industry may make the idea of risk management seem difficult and sometimes impossible. ... Research Group IBHS Adds 'Insurance' to Name "Gimme an 'I,' except in our acronym." That's the message the insurance industry's chief cheerleader organization for improving ... McRaith to Lead New Federal Insurance Office The Obama administration has named Illinois state insurance regulator Michael McRaith to head the new Federal Insurance Office. McRaith, ... RAA Affirms Industry Can Handle Japan Catastrophe The Reinsurance Association of America has issued a reassuring bulletin that the industry can not only cope with the recent losses from the ... United Fire Gets Approval to Acquire Mercer Insurance Group Cedar Rapids, Iowa-based United Fire & Casualty Co. said it has the necessary approvals from state regulators and company shareholders ... MetLife Auto & Home Launches Combo Package Policy in 28 States MetLife Auto & Home has will roll out its personal lines "combo" policy into 28 new states over the course of 2011. The policy ... General Star Appoints Marsh U.S. Consumer to Program Administrator Role General Star Management Co. has appointed Marsh U.S. Consumer, a service of Seabury & Smith, Inc., as the exclusive program ... Assured Agencies Names Anderson Senior VP Assured Agencies of Lake Mary, Fla., has announced that Eric Anderson joined the company as senior vice president. He will oversee ... Japan's Tragedy A Reminder of Need for Business Interruption Insurance The human, social and economic devastation in Japan from the massive earthquake and tsunami is overwhelming and business losses are just... More National News Webcast Triple-Pack: How Contracts Impact Insurance Save big on this three-pack of webcasts. As part of this special package, you get all three classes PLUS all supporting documents for only $149. These online training videos can be viewed at your convenience as many times as you like. $317 of training for only $149! East New York Governor Will Review Safety at Nuclear Plant New York Gov. Andrew Cuomo said that he wants to review information from the Nuclear Regulatory Commission about safety of a nuclear plant ... New Hampshire City Investigates Five Arsons in Six Days in Police in Manchester, New Hampshire are investigating five arson fires in six days in a one-block area of the city's west side. ... More East News Midwest Former Ohio Insurance Agent Sentenced for Role in Fraud Scheme A former Hicksville, Ohio, insurance agent has been sentenced to three years' probation for his role in an auto insurance fraud scheme, ... Wisconsin Meatpacking Plant Fire Claim Settled for $208M Patrick Cudahy's parent company has reached a $208 million settlement with its insurance carriers over a fire that destroyed part of its ... More Midwest News Southeast Main Street America Promotes New Executives and Officers The Main Street America Group promoted four new executives and four other officers as part of its expanded management team.  Mike ... More Southeast News South Central Oklahoma House Passes Cap on Non-Economic Damages Injured Oklahomans would receive no more than $350,000 for so-called pain and suffering under legislation passed by the Oklahoma House. ... Young Texas Gang Members Busted for Arson in Bastrop County An anonymous phone call to the Texas Arson Hotline has led to the arrest of three juvenile gang members in Bastrop County. The three ... More South Central News West Calif. Senators Introduce National Earthquake Legislation U.S. Senators Dianne Feinstein and Barbara Boxer, both D-Calif., have introduced legislation to lower the cost of earthquake insurance for ... Risk Retention Group Seeks Court Order in Nevada Auto Liability Case The National Risk Retention Association has filed an amicus (friend of the court) brief protesting the Nevada Department of Insurance's ... More West News International Supply Chain Concerns Grow as Japan Lacks Parts, Power, People From Apple's new iPad to Chevrolet pick-ups and many of the world's airplane kitchens, concern is spreading down the global manufacturing ... FERMA Calls for Withdrawal of New Brazilian Reinsurance Regulations The Federation of European Risk Management Associations (FERMA) has called on the Brazilian government to withdraw two new reinsurance ... Marsh Warns Japan Disaster Could Disrupt Global Supply Chain A bulletin from Marsh warns that "organizations need to prepare for the possibility of an extended disruption to global supply chains ... Airbus Placed Under Investigation over Rio-Paris Crash European airplane manufacturer Airbus was placed under investigation on Thursday for the 2009 crash of a flight between Rio de Janeiro and ... MDS Acquires 50% Stake in Portuguese Auto Insurance Specialist MDS Holdings, the Iberian and Latin American insurance broking group, announced that it has acquired a "50 percent stake in Coral, the ... Lloyd’s Chaucer Lowers NZ Quake, Aus. Flood Loss Estimates; Assessing Japan Chaucer Holdings PLC, the specialist Lloyd's insurance group, has announced that it has reduced its best estimate for claims arising from ... Everest Re Puts NZ Quake Losses at $140 to $210 Million; CEO Comments on Japan The Bermuda-based Everest Re Group announced that its preliminary loss estimate for exposures relating to the earthquake that occurred near ... Alterra Gives Estimates Aus. Floods, Cyclone Yasi, NZ Quake Losses Bermuda-based Alterra Capital Holdings Limited has announced initial loss estimates for three recent natural catastrophe events. Alterra ... Endurance Estimates $15 Million Aus. Flood Loss; $45 Million NZ Quake Bermuda-based Endurance Specialty Holdings Ltd. announced that its "initial loss estimate related to the floods which occurred in ... More International News Insurance Journal Blogs Best Practices – Training and Implementation We have spent the past several weeks discussing Best Practices - Standards, Procedures and Workflows. I know, you say: "My staff already ... More Blogs Join the Insurance Journal Network Insurance Journal TV Soft Market Is Finally Ending, Really, Says SNL Financial Could the long soft market really be over? Several recent reports concluded it is not over.... Watch Now Will Deficit Debate Affect Flood Insurance? Taxes? Following the November elections, Congress and the White House, as well as states, have... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Speed boat/Texas Posted: Fri Mar 18 -- Foremost and Progressive as well as the regular go to companies don't have a program for this boat. It's a dual hull (cat) with speeds... BobbyCounts Online Insurance Shoppers Posted: Fri Mar 18 -- This was discussed here a few months ago. There will always be two types of insurance buyer. Those that only care about having the minimum... sacman Need comp in Ca for structural steel contractor Posted: Fri Mar 18 -- SCIF is probably your only choice. Big Dog What is your broker of record policy? Posted: Fri Mar 18 -- Wow...golly. Could you get any more self-serving? Big Dog Commercial Auto Posted: Thu Mar 17 -- Anyone aware of an underwriting facility, writing standalone commercial auto accounts that deals with wholesalers. Thinking as respects FL... Neal Ecker FSC Pipeline anyone? Posted: Wed Mar 16 -- Am using it now: chose because it was insurance-specific, good value, and relatively simply (not trying to duplicate functions already... St.CaptiveGuy Do you use online leads services? Posted: Wed Mar 16 -- Well put d's. This is a common topic in the forum. If I may - I've personally used 4 of the top lead generation companies in the business.... RKunz2 Should you be making more money? Posted: Tue Mar 15 -- My firm is researching a topic that is on every salesperson's mind - should I be making more money? Some insurance agencies/brokerages have... jasonoday What do you look for in a recruiter? Posted: Tue Mar 15 -- My firm is conducting research to find out how insurance industry professionals come to choose their recruiting partner. As an agency owner,... jasonoday Go to Forums Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue Hospitality Risks Directory, Homeowners & Auto, Technology & New Media Risks 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 Chief Information Officer (CIO): Irving, TX Personal Lines High Net Worth Producer Vendor Insurance Administrator 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. Subscribe | Unsubscribe | Send to a Friend | Contact Us Insurance Journal 3570 Camino del Rio North, Suite 200 San Diego, CA 92108 (800) 897-9965 Copyright © 2011 by Wells Publishing, Inc.