Daily Headlines: Friday, April 15, 2011

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April 15, 2011 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Supreme Court Weighs Bid for Fast-Tracking Healthcare Law Challenges The Supreme Court will likely reject a request to speed up a ruling on President Barack Obama's healthcare overhaul law, legal and ... Investors Suing Banks Gain Ammunition with Senate Report Pigs. Unicorns. Money? A scathing U.S. Senate panel report faulting Goldman Sachs Group Inc., Deutsche Bank AG and others for contributing ... One Year Later, Gulf States Still Grappling with BP Oil Disaster When a BP oil rig exploded and sank in the Gulf of Mexico last April, killing 11 workers, authorities first reported that no crude was ... U.S. Oversight Council Urged to Be More Transparent The U.S. risk council is hiding documents and needs to be more transparent in how it chooses which insurers and other major non-bank ... President Signs Repeal of Healthcare Law’s 1099 Tax Provision President Barack Obama has signed a repeal of a 1099 tax reporting mandate for business that passed both the House and Senate with ... Austrian Insurance Swindler Seeks Release from U.S. Prison It's easy to see why insurance swindler Sholam Weiss was not entirely satisfied with a judge's decision to cut 10 years from his prison ... Beazley Expands Healthcare Liability Team with Springman Beazley Group reported the addition of Daniel Springman to its miscellaneous medical healthcare team, expanding the insurance company's ... Survey Shows Opportunity for Carriers to Support Agents in Social Media The majority of agents and brokers say using social media is important for business, yet many report not using social media tools in their ... How Agents & Brokers Can Help Personal Lines Clients Protect Fine Art Investments Is art an alternative asset? This has become an increasingly popular question. Collectors proclaim they are motivated solely by passion yet... More National News Umbrella: It's More Than Just Additional Coverage One of the problems with umbrella coverage is that there really isn't a "standard" form. Each carrier has its own take on the coverage. Thus, few have a really good understanding of what an umbrella does. Join us Thursday, April 21 as we examine the Umbrella policy in detail. Plus get the recordings so you don't miss anything! Learn more and reserve your seat today! East Pool Company President Takes Blame for Connecticut Boy’s Drowning A swimming pool company president charged in a Connecticut boy's 2007 drowning pleaded guilty to criminally negligent homicide, a ... New Jersey High Court Denies Exxon Appeal of $7 Million Award The New Jersey Supreme Court won't hear an appeal from ExxonMobil over $7 million awarded to a woman who claimed she got cancer from her ... Rhode Island Considers Cyberbullying Law Rhode Island lawmakers are reviewing  legislation creating a single statewide standard to address cyberbullying in schools. The policy ... More East News Midwest Ohio Investigations Result in 12 Work Comp Fraud Convictions in March Ohio's chief workers' compensation insurance regulator announced that 12 individuals were convicted or pleaded guilty to charges ... Michigan Couple Sues Applebee’s for Giving Infant Booze The Applebee's restaurant chain publicly apologized Wednesday after a 15-month-old boy was served alcohol mislabeled as apple juice when ... United Fire Estimates $10 Million in Q1 Cat Losses Cedar Rapids, Iowa-based United Fire & Casualty Co. announced that it will record $10 million in pre-tax losses related to certain ... More Midwest News Southeast Mississippi AG Hood, Feinberg Spat Over BP Oil Spill Claims The administrator of BP's $20 billion oil spill fund says Mississippi Attorney General Jim Hood could undermine the claims process by ... As Insurance Rates Rise, Missisippians Urged to Take Mitigation Seriously Mississippi Gulf Coast residents have been told mitigation is the answer to the region's high insurance rates. "What do you do to lower ... Florida Parents Sue School District Over Daughter’s ‘Sexting’ Suicide The parents of a 13-year-old Tampa girl who hanged herself after enduring classmates' taunts over a revealing photo texted to a boy have ... South Carolina Offers Amnesty to Drivers with Suspended Licenses Thousands of South Carolina drivers will be able to legally get back behind the wheel through a one-week amnesty program for suspended ... Tennessee Valley Authority Settles Environmental Claims The Tennessee Valley Authority (TVA) will invest as much as $5 billion to reduce coal-plant emissions to settle allegations of Clean Air ... More Southeast News South Central Oklahoma AG, Insurance Chief Revamping Fraud Units Oklahoma's new Republican insurance commissioner and top prosecutor say they're revamping how insurance fraud is investigated and ... Insurance Council of Texas Scholarships Have Honored 201 Students More than 200 students in Texas have benefited from scholarships provided by the insurance industry since 2002, the Insurance Council of ... Texas Wind Insurance Pool Selects Polak as Interim General Manager The board of the insurer of last resort for property along the Texas coast has selected John Polak as the association's interim general ... More South Central News West More Details Released on Hawaii Fireworks Blast The Honolulu, Hawaii, medical examiner's office said that three of the victims in an underground fireworks blast last week suffered carbon ... California Suspicious Insurance Claims Rise by 9% Since 2008 California has seen a 9 percent increase in suspicious insurance claims since 2008, according to a new report. The National Insurance Crime ... Arizona Lawmakers Moving to Open Door to Health Insurers Individuals and employers in Arizona would be able to buy health insurance policies across state lines under legislation that would excuse ... More West News International Liberty Mutual Might Assume Share of Ireland’s Quinn Insurance Sean Quinn has long been one of Ireland's greatest success stories, and his name adorns everything from cement mixers to luxury hotels. Now ... Murdoch News Corp. Hacking Scandal Claims Mount public apology from Rupert Murdoch's UK newspaper arm, designed to contain an escalating phone-hacking scandal, looked to have failed after ... Japan Plans State-Backed Insurer to Save TEPCO Japan plans to set up a government-backed insurance fund to put money into Tokyo Electric Power and pay compensation stemming from the ... Margrett Named Willis International CEO Global insurance broker Willis Group Holdings has appointed David Margrett as chief executive officer of Willis International. A senior ... 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 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 Excess For Apartments in Ca Posted: Fri Apr 15 -- Trotter, A&M can help, but we need a little more information regarding your risk. If you property is 5 or more units we can supply you... Will_Hullinger Agency Management System Posted: Thu Apr 14 -- We've been using Epic now for around 2 years and are very happy with it. We're currently on version 4.1, but the next big version 5.0 should... Rhonda233 Allied Insurance - Agency terminations. Posted: Thu Apr 14 -- I disagree with both of these posts to a degree. Both the IIA & PIA are in the business of promoting ETHICAL... gregcw National Agents Alliance? Legit or Keep Away? Posted: Wed Apr 13 -- FYI...so far for me... 60% Close Ratio $400 Average UpFront Commission per Sale!! Excellent training & support. Residual income already... pontiac Risk Purchasing Groups Posted: Wed Apr 13 -- Bob, it's not excluded in my E&O but that brings up a good point. It seems many E&O policies do exclude RPG's which is one of the reasons... Rob Study tips for the California Life Agent Exam Posted: Wed Apr 13 -- Thanks so much for the authors of books Bisys Exam Prep. I used this book only to study the California Life Agent exam and I made my first... tomwarren ca towing wc Posted: Tue Apr 12 -- Insurance Company of the West will look at them if clean. There are also a number of PEO's that will write them. 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