Apr 29, 2011

Daily Headlines: Friday, April 29, 2011

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Insurance Journal Daily Headlines
April 29, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

A Third of Large U.S. Firms Show Business Interruption From Japan Disaster

More than a quarter of large U.S. based businesses are experiencing disruptions to their supply chains or contingent business interruptions ...

The Future of the Independent Agency (Has Nothing to Do with Age)

For the last 20 years, at least, consultants, associations and publications have been worrying about the future of the independent agency ...

K&K Insurance to Offer Higher Limits Via E-commerce Websites

K&K Insurance has made higher primary commercial general liability limits of up to $5M available for most of its risk purchasing group ...

American Collectors Enhances Collector Vehicle Coverage

American Collectors Insurance has broadened the availability of specialty collector vehicle insurance to vehicles of any year, make, and ...

From MyNewMarkets.com Lawyers Market in Limbo, Say Agents

The lawyers professional liability market has been in flux recently, and insiders say carrier uncertainty and a strain on capacity are to...
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7 Steps Towards Avoiding Bad Carrier Contracts
Rather than closely guarding their carrier contracts and relationships, some agencies apply the practice of "the more contracts the better." Learn why practicing "quality over quantity" is a much healthier choice for the agency.
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East

Judge Tosses New York Mets Fan’s Broken-Bat Suit

A judge has thrown out a New York Mets fan's lawsuit against the team and Major League Baseball over a bat that broke and flew into his ...

Video FeatureNew York Agents Want Say in State Health Exchange

Insurance agents in the Empire State are calling on lawmakers to ensure that brokers and producers have a role in the creation of the ...

Murray Named Top Exec at Saucon Mutual

Pennsylvania-based Saucon Mutual Insurance Co. has named Sean P. Murray as president and CEO. Murray is a 20-years insurance industry ...
Insurance Journal Academy
Instructor:
Kathy Ryan
How to Have the Tough Conversations
Addressing behavior and performance issues with your employees can be an intimidating process.
Live training Wednesday, May 4. Plus get the recordings so you don't miss anything!
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Midwest

Judge Rejects Plea in Indiana Doctor's Malpractice Case

An American former surgeon who was captured on a mountain in Italy after more than five years on the run has withdrawn his guilty plea on ...

Wind and Rain Lash Indiana as Flood Threat Looms

The same storm system that spawned tornadoes that killed hundreds in the South dumped more rain April 28 on parts of Indiana already ...

Ohio Program Finds Lost Life Insurance for Hundreds

An Ohio program begun a little over a year and a-half ago has tracked down nearly 450 lost life insurance policies, typically for families ...
Southeast

Officials, Insurers Begin Tallying Damages from Deadly Storm

Officials in Southeast states hammered by a storm that killed at least 300 people have begun the task of evaluating the damage. Alabama ...

Florida Senate Passes Property Insurance Overhaul

The Florida Senate has passed a property insurance overhaul aimed at creating more competition in the private marketplace and also cut down ...

Florida Insurer Closing its Doors

A Florida insurance company is on its way to closing its door as it informed agents it is going to start dropping policyholders when their ...
South Central

Texas Insurance Veteran Sees Opportunity in Growing Hispanic Market

With 30 years of industry experience under his belt, one Texas-based insurance executive decided it was time to open his own operation to ...

Louisiana Insurance Agent Gets Prison in Fraud Case

A 67-year-old Plaquemine, La., insurance agent has been sentenced to more than four years in federal prison for mail fraud that cost ...
West

EPIC Honored as ‘Best Place to Work’

California-based EPIC (Edgewood Partners Insurance Center), a retail property, casualty and employee benefits insurance brokerage, has been ...

Fentanyl Often Prescribed in Calif. Workers’ Comp

A CWCI Research Spotlight Report on the use of fentanyl - the most potent Schedule II opioid - in California workers' comp finds that More ...
International

Lloyd’s on Coverage for Royal Wedding Celebratory ‘Street Parties’

The Royal Wedding today at Westminster Abbey has virtually taken over the UK, as millions of residents plan local celebrations in honor of ...

Lloyd’s Market Association Questions Aspects of FSA Regulatory Reform

 In a response to the proposals to restructure the UK's financial regulations the Lloyd's Market Association (LMA) has taken issue with ...

More to Explore for Doha World Trade Deal, EU Says

The European Union presented world trade negotiators with a last-minute plan to rescue stalled free trade talks on Friday, saying there ...

Cássio dos Santos Appointed CEO of Zurich’s LatAm General Insurance

Zurich Financial Services Group announced the appointment of Antônio Cássio dos Santos (46, Brazilian citizen) to the position of CEO ...
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Producer Compensation: The Good and the Great

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New Discussions in the Forums

Hurricane coverage in florida
Posted: Fri Apr 29 -- If you looking to place a risk covering the wind and Hail, there are several options to go to depending in how old is the risk you want to... Mannyace
13,000 properties needing property insurance
Posted: Thu Apr 28 -- Well said, jtownagent! But, a real estate professional with proper (read: valid) E&O coverage is something that must be verified these... RKunz2
Need comp in Ca for structural steel contractor
Posted: Thu Apr 28 -- I believe Companion and/or Castlepoint might entertain this risk with a lapse. If not, it'll more than likely need to get SCIF'd. EricCBIAIns
Nursing Home (TX)
Posted: Wed Apr 27 -- I'd be glad to help. I can write the whole account incl full wind, sex abuse and professional. Healthcare is my main expertise. Generous... Adame526

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