Daily Headlines: Friday, April 22, 2011

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April 22, 2011 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Lawsuits Fly in BP Gulf Oil Spill Blame Game A barrage of court claims pitting BP Plc against its partners in the Gulf of Mexico oil spill could lay the groundwork for billions of ... Newly Elected Officials Must Learn Hurricane Response: FEMA Federal Emergency Management Agency Director Craig Fugate this week stressed how important it is for newly elected public officials to ... Top 10 U.S. Excess/Surplus Insurers Top 10 U.S. Excess, Surplus Insurers of 2010 by Market Share According to SNL Financial: American International Group Zurich Financial ... Ratings Recap: American Road, DHC, National Lloyds A.M. Best Co. has upgraded the financial strength rating to 'A-' (Excellent) from 'B++' (Good) and issuer credit rating to "a-" from ... Hartford Steam Boiler Introduces Green Equipment Breakdown Coverage The Hartford Steam Boiler Inspection and Insurance Co. is taking its green coverage to the next step with HSB Green Equipment Breakdown ... The Hartford Introduces Marine Policy For Modern Warehouse Logistics Operations The Hartford Financial Services Group, Inc. has introduced a marine policy designed specifically for modern warehouse logistics operations ... Standard & Poor's Report: Expect Increased Volatility, Competition for D&O Insurers The directors and officers' liability (D&O) product line could become unprofitable within the next few years--if it hasn't done so... More National News Myths, Lies and Legends Surrounding Kidnap & Ransom Coverage Often misunderstood and undersold, this coverage can make or break not only the financial health of a company, but the health and safety of its owners and key employees. Exposures are more widespread than agents or insureds imagine. Space is limited. Learn more and reserve your seat today! East Northeast Insurers Say Winter Storms Hurt Q1 Profits Pennsylvania-based insurer Harleysville said severe winter storms over the last few months will hurt its fourth quarter profits. "We ... Virginia Regulators Add Translation Service Virginia insurance regulators have implemented a telephone translation service that will allow consumers who speak little or no English to ... Claims Rep Steals $45K from Insurance Settlement A claims rep for Nationwide in New York has been arrested for stealing $44,900 that should have been paid to a policyholder whose home ... More East News Midwest Ohio Supreme Court Allows Emotional Distress Claim in Malpractice Lawsuit The Ohio Supreme Court has ruled that a cancer patient may pursue an emotional distress claim that alleges a faulty diagnosis let ... Missouri Black Caucus Urges Nixon to Veto Workplace Discrimination Bill The Missouri Legislative Black Caucus is urging Gov. Jay Nixon to veto a workplace discrimination bill that recently gained legislative ... Midwest Tornadoes, High Winds Damage Homes, Businesses The National Weather Service says at least five tornadoes were part of the storms that battered Ohio early on April 20. Hours before, a ... Chicago Area CPCU Society Chapter Honors CNA Insurance CNA Insurance was recently recognized as the "2010 Champion of the Year" by the Chicago-West Suburban Chapter of the CPCU Society. In ... Sturgis, Iowa, City Manager Convicted of Grand Theft in Insurance Scheme A jury has found Sturgis, Iowa, City Manager David Boone guilty of grand theft by deception after a three-day trial. KBHB radio reports ... More Midwest News Southeast North Carolina Relaxes ATV Helmet Safety Rule for Adults North Carolina legislators have agreed to exempt adult drivers of all-terrain vehicles from helmet and eye protection requirements while ... Florida Agents Group Names Ray Communications Director The Florida Association of Insurance Agents announced Susan Ray has joined the association as director of communications. Ray brings nearly ... Florida Supreme Court Rejects Vicarious Liability for Car Rental Firms The Florida Supreme Court has ruled that motor vehicle leasing companies in the state cannot be held liable for accidents with their rented ... More Southeast News What's the biggest mistake producers make on new prospect appointments? Most producers fail to do an adequate job preparing for sales calls, and failure to plan is planning to fail. This mistake normally occurs long before the actual appointment. Live training Wednesday, April 27. Plus get the recordings so you don't miss anything! Learn more and reserve your seat today! South Central Shutdown of Wells Extended in Arkansas Quake Study Two natural gas exploration companies have agreed to extend the shutdowns of two injection wells in Arkansas as researchers study whether ... Austin Attorney Receives 'Insurance Legend' Award As part of its Advanced Insurance Law Seminar, the Insurance Law Section of the State Bar of Texas honored Austin-lawyer Joe K. Longley as ... Fort Worth CPCU Scholarships Benefit Univ. of N. Texas Students The Fort Worth Chapter of CPCU announced that during the past 14 years, it has donated $181,000 in total scholarships to University of ... Automotive Group Earns $211K Texas Mutual Dividend Texas Mutual Insurance Co. announced a $211,381 dividend to the Texas Automotive group purchase program. The group's second consecutive ... More South Central News West Arizona Court: OK to Use Bill Reviewer to Determine What to Pay in Workers’ Comp Claim The Arizona Court Supreme Court has declined to review a petition challenging a lower court ruling that SCF Arizona paid a "reasonable ... S. Martinelli & Co. Tries to Salvage Merchandise in Calif. Fire A warehouse fire that began April 20 in Watsonville, Calif., continues to burn, according to fire officials. Meanwhile, one of the clients, ... Calif. Places Majestic Insurance into Conservatorship Workers' compensation insurer Majestic Insurance Co. has been placed into conservation by order of the San Francisco Superior Court. ... More West News International WTO Faces Tough Choices after Latest Doha Round Setback World Trade Organization members face a somber Easter Sunday because of a fight over manufacturing trade between the United States and ... Aon Benfield Says Q1 Cat Losses Expected to Raise Facultative Rates Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp, has released the latest edition of its "Fac Quarterly ... Lockton Launches ‘Enterprise Disruption Contingency’ Insurance Lockton has announced the launch of a package of risk management solutions called "Enterprise Disruption Contingency Insurance designed to ... Cooper Gay Restructures Latin American Operations into Regions London-based broker Cooper Gay announced that it has "restructured its operations in Latin American into four sub regions in order to drive ... UIB Places Commercial Payloads Coverage for Space Shuttle London-based United Insurance Brokers and Space Partnership International have recently placed insurance for commercial payloads flying on ... Celent Expands Asian Financial Services Group Boston-based financial research and consulting firm Celent, a part of Oliver Wyman and ultimately a division of MarshMac, has announced the ... Best Comments on Chaucer and Lloyd's Syndicate 1084 Ratings A.M. Best Europe - Rating Services Limited has commented that the financial strength rating of 'A' (Excellent) and issuer credit rating ... Ratings: Wilton Re, London General, Cattolica, Arab Re A.M. Best Co. has upgraded the financial strength rating (FSR) to 'A' (Excellent) from 'A- '(Excellent) and issuer credit ratings (ICR) to ... 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 "Houseominiums" in CA Posted: Fri Apr 22 -- Hello everyone this is Alpinto if you have any query regarding to cars for sale so please contact... alpinto QQ Evolution/Solution Management System? Posted: Fri Apr 22 -- OK gforaker, I appreciate your post and points you mention. On the accounting, I don't want one of our CSR's using time to do our... Agent79 National Agents Alliance? Legit or Keep Away? Posted: Fri Apr 22 -- My name is Liam Levine, and my wonderful wife Kristina and I have been with National Agents Alliance since October 2009. I started part time... Liam Levine Restaurant with renovations and Triple Net lease Posted: Thu Apr 21 -- Here's the scenario: Risk is purchasing a restaurant which they will be doing light cosmetic renovations on the interior (utilizing a... 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