Daily Headlines: Thursday, March 24, 2011

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March 24, 2011 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National AIG Expects ‘Minimal’ Effects from Japan Claims American International Group Inc. said Wednesday it expects "minimal net effects" from the recent earthquake and tsunami on the ... Nuclear Agency to Conduct Safety Check of U.S. Plants The top U.S. nuclear regulator Wednesday approved the launch of a safety review of U.S. nuclear reactors sought by President Barack Obama ... U.S. P/C Insurers’ Results for 2010 Get ‘Mixed Review’ from A.M. Best The U.S. property/casualty insurance industry's financial results for 2010 represented a mixed bag, with some good results and some that ... Worldwide Facilities Introduces New Carrier for Life Sciences Risks Worldwide Facilities, Inc. has introduced a new cover for life science innovators. The coverage provides protection for life sciences risks ... Ironshore Political Risk Increases Capacity to $25 Million Ironshore Inc.'s Political Risk Insurance unit has increased capacity limits to $25 million on a gross limit basis for its global ... Supreme Court Makes It Easier to Sue Businesses The Supreme Court made it easier to haul businesses into court, ruling this week that investors can sue them for purposefully withholding ... 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.... More National News East Injured Cyclist’s Family Sues Car Driver for $10M The family of a comatose cyclist is suing for $10 million the driver of the car that struck him in Maryland. Lawyers in the lawsuit filed ... Proudlove Named VP at Global Aerospace Global Aerospace Inc. named Christopher Proudlove vice president, manager complex risks. Proudlove, based in New Jersey, joined Global ... More East News Midwest Ohio Workers' Comp Bureau Receives Nearly $2M from Jailed Doctor Ohio workers' compensation system regulators have received nearly $2 million from an Akron area anesthesiologist who was convicted in ... Missouri Approves First $50K in Line of Duty Claims from Comp Fund Missouri workers' compensation regulators recently approved payment to families of individuals killed in the line of duty to protect the ... Michigan Nixes Strict Workplace Ergonomics Rule Michigan Gov. Rick Snyder has signed a bill to prevent state-level administrative rules mandating workplace ergonomics. Ergonomics aims to ... More Midwest 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! Special Pricing Expires Today! Southeast Florida Homeowners Insurers Seek ‘Flex-Rating’ Up to 15% Florida lawmakers are considering giving homeowners insurers more flexibility to raise rates. The Florida Senate and Banking Insurance ... Florida’s Homewise, First Home Insurance Companies to Merge Two of Florida's domestic insurance companies have announced that they plan to merge. Homewise Insurance Co. and First Home Insurance Co. ... PMA Names Spina as Vice President in Atlanta Branch PMA Companies announced that Mario Spina has been appointed to serve as the branch vice president of the insurer's Atlanta, Georgia ... More Southeast News South Central State Farm Homeowners’ Rate Hike Rejected in Louisiana Louisiana insurance regulators have rejected a rate increase from the state's largest insurer of homes. State Farm Fire and Casualty Co. ... Lawsuit Reform Measures Advance in Oklahoma House, Senate Oklahoma state lawmakers seem to be serious about reforming the state's tort environment. Legislation aimed at eliminating joint and ... More South Central News West Ore. Governor Asks Obama for Disaster Declaration Oregon's governor has asked President Barack Obama to issue a disaster declaration for a coastal county ravaged by a tsunami this month. ... Arrowhead Wholesale Insurance Names Urita Assistant VP Arrowhead Wholesale Insurance Services LLC has added Christie Urita, as the company's new assistant vice president of its professional ... U.S. Coastlines Should Be Prepared for Potential Tsunamis In the wake of Japan's tsunami disaster, the National Oceanic and Atmospheric Administration (NOAA) is urging Americans who live and ... Alaska House Approves Updated Workers’ Comp Fee Schedules The Alaska State House of Representatives has passed legislation to modernize the state's workers' compensation procedural fee schedules. ... More West News International Allianz Nat Cat Analysis: Economic Growth a Major Factor for Increased Losses Experts on natural catastrophe risk at Allianz have highlighted the growing trend in insured losses arising from natural catastrophes ... UK Insurers Support Corporate Tax Reduction; Budget for Growth The UK government's recently proposed budget contain a number of measures aimed at helping UK firms to increase their business, and to ... XL Re Teams with Aon Benfield to Implement E-commerce Messaging XL Re, the global reinsurance operations of XL Group, and Aon Benfield announced that XL Re Ltd, XL's Bermuda-domiciled reinsurance ... Best Comments on First Asian Based Captive Rating A.M. Best Co. announced that it has recently "assigned its first rating to a captive domiciled in Asia, as the global practice of major ... More International News 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 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 seem pretty high. 40 veh/40... EricCBIAIns Online Insurance Shoppers Posted: Wed Mar 23 -- Hunter, thanks for that awesome post... KPIA National Agents Alliance? Legit or Keep Away? Posted: Wed Mar 23 -- Ever heard the term "Blackboard Rich". Nuff said! philip American Interstate Posted: Wed Mar 23 -- Is anyone out there having problems getting American Interstate (Amerisafe) to issue any policies? I am on a 0/37 slide with them. Cant seem... FFA What is your broker of record policy? Posted: Wed Mar 23 -- I think there are some very valid replies here, but keep in mind, if an agency was doing its job, it wouldn't lose an account to a BOR. Yes,... AgencyEquity Open your doors and look what comes in... Posted: Tue Mar 22 -- Wow, D! Been there....done that....SO many times! Looks like she JUST found out that Products/Completed Ops. were not inlcuded in her... SFOInsuranceLady "Pay As You Go" Work Comp Posted: Mon Mar 21 -- We have been offering a Pay As You Go approach - PMC PayGo, for nearly 2 yrs. It is avaialble/approved with 3 National Carriers and growing.... dmalloy 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 Chief Information Officer (CIO) 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. 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