Mar 8, 2011

Daily Headlines: Tuesday, March 8, 2011

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Insurance Journal Daily Headlines
March 8, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Republican Flood Insurance Bill Gets Positive Initial Reception

A Republican draft of legislation to reform the federal flood insurance program would renew the program for five years, phase out most rate ...

Has Time Come to Cap Whistleblower Awards?

Corporate whistleblowers are getting bigger and bigger payouts for reporting fraud, sparking a fresh debate about whether the rewards are ...

File-Sharing Service LimeWire, Music Publishers Settle Copyright Case

The operator of LimeWire, a once-popular file-sharing service shut down last year for copyright infringement, has settled a lawsuit brought ...

U.S. Judge Halts Ecuador Damages Enforcement Against Chevron

A U.S. judge Monday halted enforcement of an $18 billion award against Chevron Corp, siding with the oil company against Ecuadorean ...

Progressive Extends Pet Injury Coverage to Commercial Auto Customers’ Pets

Business owners can now protect their dogs and cats with Progressive's free Pet Injury coverage. How it works: If a dog or cat is hurt in a ...

AIG Names Farber Deputy CFO

Jeffrey M. Farber has been named senior vice president and deputy chief financial officer by American International Group Inc. (AIG). In ...

From MyNewMarkets.com 2011 to Be Key Year in Employment Liability

The year 2010 was an important one for employment-related class action litigation and 2011 could see even more far-reaching judgments and...
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East

Pennsylvania Ponders Election for Insurance Commissioner

A bill that would make the Pennsylvania insurance commissioner an elected position has been introduced in the state's House of ...

ProMutual Reduces Premiums for Massachusetts Dentists

Boston-based medical professional liability insurer ProMutual Group said it is decreasing premium rates for dentists in Massachusetts by 10 ...

USI Acquires Amerisc

Insurance broker USI Insurance Services has acquired The Amerisc Corp., Atlynx Surety Brokers and its principal affiliates. Amerisc, based ...

SIAA Adds New Members

The Strategic Insurance Agency Alliance (SIAA) added six East region insurance agencies to its membership in February, the New ...

Kruse Joins Condon & Skelly

Pennsylvania-based NSM Insurance Group has named Jim Kruse as program director for Condon & Skelly, the specialty car insurer the NSM ...
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Midwest

United Heartland Names Ische Director of Claim Strategy; Zubek Director of Field Claims

New Berlin, Wis.-based United Heartland has promoted Jane Ische to director of Claim Strategy and Lee Zubek to director of Field Claims. ...

Reducing Car Crashes One Reason to Thin Deer Herd in Indiana

One in 140 drivers in Indiana is likely to a hit a deer this year. That's the statistic the State Farm insurance agency formulated last ...

Schulte Joins Lockton’s Brokerage Team in St. Louis

Insurance broker Lockton has added Scott Schulte as producer in its St. Louis, Mo., office. Schulte brings more than 13 years of ...
Southeast

West Virginia Agents Balk At Health Insurance Exchange

With the Legislature's minority Republicans already opposing the pending bill, West Virginia's independent insurance agents are wary of ...

Wrongful Death Suits Filed Against Massey Over West Virginia Mine Blast

The families of two coal miners killed in the Upper Big Branch mine blast in West Virginia last year filed wrongful death lawsuits against ...

MedMal Direct Reinsurance Treaty Expands Physicians’ Coverage

Jacksonville-based MedMal Direct Insurance Co. has created a new reinsurance treaty with a panel of international reinsurers including ...
South Central

U.K. Brokerage Acquires Dallas-based CSI Entertainment Insurance

Doodson Broking Group, an entertainment insurance specialist based in the United Kingdom, has acquired Dallas-based CSI Entertainment ...

Marek Named Partner at K&S Insurance Agency

Richard Daiker, president of the Texas-based commercial insurance and risk management firm K&S Insurance Agency, announced that John D. ...
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West

How California Bill Implements Federal NRRA Surplus Lines Reform

The Nonadmitted and Reinsurance Reform Act (NRRA), Subtitle B, Part I, Dodd-Frank Wall Street Reform and Consumer Protection Act, reaches ...

Judge Won’t Order Additional Damages Against Exxon for Valdez Spill

A federal judge has refused to order Exxon Mobil Corp. to pay an additional $92 million sought by the U.S. government and state of Alaska ...

Heffernan Insurance Brokers Adds Murphy as New Board Member

Walnut Creek, Calif.-based Heffernan Insurance Brokers, one of the largest independent insurance brokerage firms in the United States, has ...
International

Suspected Colombian Rebels Kidnap 23 Local Oil Workers

Suspected FARC guerrillas have captured 23 Colombian oil contractors carrying out exploration work for Canada's Talisman Energy in a rare ...

Best’s Special Report Analyzes EU’s Solvency II Impact on Ratings

A report from A.M. Best Co. provides a timely analysis of the fast approaching implementation of the European Commission's long-awaited ...

SCOR Reports 13% 2010 Net Income Gain to $582 Million

French reinsurer SCOR Group continued to strengthen its financial position in 2010, posting net income of €418 million [$582.5 million] ...

MDS Holdings Launches HERCO Portugal

MDS Holdings, the fast growing Iberian and Latin American insurance broking group, has launched HERCO Portugal as part of its initiative to ...

QBE Completes Acquisition of RenRe’s U.S. Insurance Operations

Australia's QBE announced that it has completed its acquisition of the U.S. admitted insurance businesses of Renaissance Re, which include ...

Guernsey Banking Director Quick to Succeed Colton as Insurance Director

The Deputy Director of Banking, Jeremy Quick, of the Guernsey Financial Services Commission will succeed Diane Colton as Director of ...
Insurance Journal Blogs

Without Website Analytics, You're Throwing Darts in the Dark!

Does your company have web analytics software in place? If not, then let this be a wake-up call. You are not just missing an important ...

Best Practices - Workflows

A workflow consists of a sequence of connected steps. It is a depiction of a sequence of operations, declared as work of a person, a group of persons, an ...

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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...

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New Discussions in the Forums

CPCU classes vs. CLU classes
Posted: Tue Mar 8 -- bjwestner not yet. I am scheduled to take the exam on April 15. Congratulations on your passing too. Victoria860
Anyone with opinion on EZBuy electronic signatures
Posted: Tue Mar 8 -- From the Insurance Journal Dec 6, 2010 - E&O Insights, by Curtis Pearsall: "When there are disputes involving the accuracy of... mica.cooper
Insurance can be FUN :)
Posted: Tue Mar 8 -- Years ago when I first started handling auto claims, I received a claim that was reported as insured vehicle struck telephone pole. Not that... bjwestner
Membership in a cluster group
Posted: Tue Mar 8 -- Well rob i suggest you try a bit harder. As for the topic, i haven't had a whole lot of experience on the subject, but i hear from... jackolive
"Pay As You Go" Work Comp
Posted: Tue Mar 8 -- Sounds like an interesting program. I wonder if the commission on your end is affected by it in any way. I hope you don't mind if i steal... jackolive
Study tips for the California Life Agent Exam
Posted: Tue Mar 8 -- I took that test about 5 years ago. I know exactly what you're going through. It's not the difficulty of the test as much as the problem in... jackolive
WA Restaurant / B&B in Historic home
Posted: Tue Mar 8 -- I'm working with a good friend that owns and operates a very nice, upscale restaurant with a 3-room B&B as part of the business. Washington... wlunday

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