Daily Headlines: Friday, March 25, 2011

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March 25, 2011 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Commercial Insurance Prices Still Flat After 8 Quarters: Towers Watson Commercial insurance prices were relatively flat for the eighth consecutive quarter, while accident-year loss ratios deteriorated relative ... Major Class Action Sex Discrimination Case Goes Before Supreme Court The largest class-action sex-discrimination lawsuit ever will be argued before the U.S. Supreme Court March 29, pitting Wal-Mart Stores ... 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 ... Calif.’s Sandin Joins P/C Trade Group AIA as State Affairs VP Tracy Sandin has joined the property/casualty insurance trade group, the American Insurance Association, as its new vice president for ... Insurers Make Changes to Dog Owner Liability The insurance industry is going to the dogs, literally. Since December, Progressive, Chubb and The Hartford have all updated their coverage... More National News East Rhode Island Ponders Forcing Insurers to Buy Driving Records Budget-strapped Rhode Island is considering a new way to raise money: Force insurers to buy official driving reports from the state, at $20 ... Rhode Island Town Not Liable for $4.3M in Damages in Bullying Suit A Rhode Island Superior Court judge has ruled that the town of Johnston does not have to pay $4.3 million in damages awarded to a girl who ... More East News A major expense that generates no revenue for the agency? Certificates of Insurance are becoming a major expense and a major E & O exposure which generates no revenue for the agency, managing this exposure effectively and efficiently is becoming increasingly important. Join us March 30 to learn the Do's and Don'ts for handling COIs. Register today! Midwest Michigan Court Reinstates Injured Cheerleader’s Lawsuit A civil lawsuit accusing a Detroit area youth football league and team of negligence contributing to a cheerleader's injury has been ... Ohio Workers’ Comp Bureau Finds Fraud at 6 Postal Contractors Six postal contractors in Ohio have been sanctioned for workers' compensation fraud, state regulators say. The Ohio Bureau of Workers' ... Michigan’s Stricter Teen Driving Rules Go Into Effect Next Week Michigan is preparing to enact new restrictions on teen drivers-in-training. Law enforcement, insurance and education leaders gathered in ... Illinois Insurance Director: Health Law Helping Consumers While the anniversary of the Obama administration's health law inspired events to publicize the law's "broken promises" elsewhere, ... Ohio’s Pitts Agency Joins The Iroquois Group Pitts Insurance Agency of Columbus, Ohio, has joined The Iroquois Group, a network of property and casualty insurance agencies with more ... More Midwest News Southeast Former U.S. Sen. Thompson Opposes Tennessee Governor’s Damages Cap Former U.S. Sen. Fred Thompson says legislation that seeks to limit monetary damages from lawsuits in Tennessee is unnecessary and that a ... North Carolina Debates More Fines on Drivers Using Cell Phones North Carolina lawmakers already have banned young drivers from using cell phones and everyone else from texting or emails while behind the ... More Southeast News South Central Texas Wind Pool Names New Acting General Manager The board of the insurer of last resort for property along the Texas coast has named a new acting general manager and is moving forward ... Louisiana Won’t Create State Health Insurance Exchanges Gov. Bobby Jindal's administration in Louisiana is opting out of creating the state insurance exchanges included in the new federal ... Settlement Reached in New Orleans Hospital Katrina Class Action Lawsuit A major New Orleans hospital and the company that owned it have settled a class action lawsuit in the deaths and injuries of patients who ... Austin, Texas, Fire Investigations Team Honored A Texas Advisory Council on Arson (ATAC) has honored the Austin Fire Department's Arson Investigations unit with its 2011 Law Enforcement ... More South Central News West Oregon Proposes Medical Malpractice Cap Oregon legislators have proposed capping non-economic damages in medical malpractice claims against health care providers at $500,000. ... Montana Gov. Amendments Added to Workers’ Comp Bill A Montana state Senate committee got a look at the newest version of what is being labeled a "historic" workers' compensation reform ... Mont. Governor Endorses Workers’ Comp Compromise Gov. Brian Schweitzer's administration said Wednesday that it is supporting a deal with Republicans to cut workers' compensation insurance ... S.H. Smith & Co. Opens Northwest Office S.H. Smith & Co. Inc., a wholesaler and managing general agent, announced it is expanding its market presence into the West by opening ... California Insurer Association Names New Board Leadership Members of the Association of California Insurance Companies (ACIC) nominated and appointed a new chair, vice chair, and board of directors ... More West News International AIR Worldwide Estimates Japan Insured Losses up to $30 Billion Risk modeling company AIR Worldwide tightened its estimate for insured losses from the Japan earthquake and tsunami, forecasting the ... S&P: Outlook Negative on 9 Japanese P/C Insurers; Ratings Affirmed Standard & Poor's Ratings Services has conducted a detailed analysis of 15 Japanese P/C insurers, and has made several adjustments in ... Swiss Re Gives Proposals for Next AGM Swiss Re's Board of Directors has announced the agenda for the reinsurer's forthcoming annual general meeting, set for April 15, and the ... UK China Ambassador Opens Lockton’s Beijing Branch Office A bulletin from Lockton notes that the UK Ambassador to China Sebastian Wood "lauded the work of international insurance brokers helping ... Former NAIC Pres. Atchinson to Head Geneva Ass’n. Institutional Relations The Geneva Association, an important international insurance think tank, announced that Brian Atchinson has been appointed as Acting Head ... Ratings Roundup: Topiary (Cat Bonds), Cardif, AMI, PhilNaRe Standard & Poor's Ratings Services said that its 'BB+(sf)' rating on Topiary Capital Ltd.'s Series 2008-1 notes will remain on ... More International News Sponsored Content Protective Specialty Announces Expansion of Professional Liability Product Offerings Indianapolis, Ind. - Mar 25 2011 – Protective Specialty Insurance Company (PSIC) has expanded its product offerings to include Technology ... George Petersen Insurance Agency Chooses Succeed Management Solutions to Provide Its Clients With Risk Management Solutions Northern California Agency to utilize Succeed Management Solutions, LLC to provide clients with an industry leading web-based risk ... More Sponsored Content 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 cpcu woes Posted: Fri Mar 25 -- I asked a similar question earlier. I have also spoke with various other people I know in the industry. All answers point to the fact that... paulbennings Agency Appointment/ Agent Certification Posted: Fri Mar 25 -- Here is the scenerio. A relative of mine has a sizable business dealing with a wide variety of residential housing/renting. I would like to... Trainee adp peo Posted: Fri Mar 25 -- Disclaimer: This is my personal opinion only. I used to be a w/c underwriter for a number of PEO's, so my views may be somewhat biased (but... Big Dog Commercial Auto in CA Posted: Thu Mar 24 -- I'm looking for a commercial auto market in CA with competetive rates. Currently with Infinity and their rates... Open your doors and look what comes in... Posted: Thu Mar 24 -- I see this stuff ALL THE TIME. I review someone's policies, point out all the things they aren't covered for that they think they're covered... e-bit Commercial Auto Posted: Thu Mar 24 -- Philadelphia writes fleets of more than 5 vehicles, Progressive, GMAC/Integon, Safeco.....and on and on e-bit What is your broker of record policy? Posted: Thu Mar 24 -- I only do a BOR if I get them to complete a new application to go with it, along with copies of their current policies. I don;t process it... e-bit Go to Forums Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue HOT New Markets & Programs, High Risk Property, Corporate Profiles, 2010 Mergers & Acquisitions Summary Report 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 Testing Functionality Chief Information Officer (CIO) Personal Lines High Net Worth Producer 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. 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