Apr 11, 2011

Daily Headlines: Monday, April 11, 2011

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Insurance Journal Daily Headlines
April 11, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

How Rising Energy Prices Affect P/C Insurance

The leveling off of the world's oil supply and the resulting rising gasoline prices and their economic impact carry implications for ...

Federal Reserve Plans 2 Auctions of AIG Mortgage Securities

The Federal Reserve Bank of New York is planning two auctions of risky mortgage-backed securities from its Maiden Lane II portfolio next ...

3 Most Common Errors That Lead to Teen Drivers’ Crashes

Teen drivers get into serious accidents at a high rate because they fail to scan for possible hazards, go too fast for road conditions, or ...

U.S. Pay Czar Allows AIG Flexibility with Pay Packages at AIG

The U.S. pay czar will allow bailed-out firms American International Group, Ally Financial and General Motors to be flexible with their ...

U.S. Plan Would Restart Mexico Trucking

Long-haul trucks from Mexico would be allowed to operate throughout the United States for up to three years under a pilot plan aimed at ...

Allied World Introduces Small to Mid-Size Company Privacy Coverage

Allied World Assurance Company Holdings, AG has introduced Allied World U.S.'s new privacy and network security insurance product, ...

From MyNewMarkets.com By-Peril Rating Plan Advances More Precise Homeowners Rating

The pricing of homeowners insurance, traditionally a matter of averaging all risks, is becoming more precise and customized to the...
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East

Connecticut Says Bus Firm Uninsured Buses

Connecticut officials say they are investigating a charter bus company that allegedly transported 250 students to Washington, D.C., on ...

Pennsylvania High School Ex-Football Player Sues over Concussions

A former high school football player has sued a western Pennsylvania school district over concussions sustained during games in 2007. The ...

AmWINS Names Hegarty as Assistant VP

AmWINS Brokerage of New York has named Robert Hegarty assistant vice president and casualty broker. Hegarty 15 years of insurance industry ...
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Midwest

Wide Tornado Cuts a Swath Through West Iowa Town

A large tornado flattened a grain elevator and destroyed homes and buildings on its weekend rampage through the small western Iowa town of ...

Minnesota Human Services Department Loses Age-Bias Case

A federal judge said the Minnesota Department of Human Services must pay about $467,000 to 29 former employees to resolve an age ...

$5.7M Awarded to Kansas Crash Victims’ Family

A southeast Kansas man whose wife and daughter were killed when a fleeing driver hit their car has been awarded $5.7 million in damages. ...

Red River Begins Slow Decline in Fargo Area

The Red River Sunday had started a gradual decline in the Fargo-Moorhead area after reaching a preliminary crest at the fourth-highest ...
Southeast

Alabama Insurance Pool Grows As Private Market Shrinks

More Alabama homeowners are seeking their insurance coverage through the state's windpool as the trend of private insurers shedding their ...

Florida House Panel Approves Medical Liability Bill

A bill that would further reform medical malpractice suits in Florida has been approved by a House panel. The bill increases the burden of ...

Workers’ Comp TV Show Pilot Begins Filming in Florida

Hollywood thinks workers' compensation can be funny. Workers' Comp, a half-hour TV comedy about crazy employees handling absurd and ...
Insurance Journal Academy presents: The Future of the insurance production and distribution system
South Central

RHSB Appoints Hughston as CEO, Names New Board Members

Dallas-based insurance brokerage firm Roach Howard Smith & Barton (RHSB) has appointed Tom A. Hughston as its new chief executive ...

Parts of Ft. Davis, Thousands of Acres Burn in Texas

Firefighters struggled on April 10 to bring a massive wildfire in the Fort Davis, Texas-area under control. The fire has burned more than ...

Court Decision Frees up Louisiana Road Home Money for 120

State officials say a federal appeals court ruling in a lawsuit involving the Louisiana Road Home hurricane relief program will allow them ...
West

Death Toll Hits 5 in Hawaii Fireworks Bunker Blast

The death toll from an explosion at a fireworks storage site in Hawaii rose to five after a bomb squad recovered the bodies of two missing ...

California Insurance Agent Pleads Guilty for Grand Theft

The California Department of Insurance announced that insurance broker Christopher Luna has pleaded guilty at the West Covina, Calif., ...
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International

Tokyo Rethinking Its Earthquake Plan After Japan Disaster

More than 10,000 people dead, hundreds of thousands injured, nearly one million buildings destroyed, millions forced to evacuate and a ...

Goldman Buys 12% Stake in China Insurer

Goldman Sachs has bought a 12.02 percent stake worth more than $900 million in China's Taikang Life Insurance Co. Ltd, giving the Wall ...

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Insurance Journal TV

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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....
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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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New Discussions in the Forums

How can a new agent obtain appointments?
Posted: Mon Apr 11 -- It is very difficult for a very new agency, most especially if you have not been licensed for very long, to get independent agency... AgencyEquity
Allied Insurance - Agency terminations.
Posted: Mon Apr 11 -- I know in California, by law they must send out the Auto Renewals for all good drivers. I would think they would do that under your own... AgencyEquity
PL Rater
Posted: Sat Apr 9 -- Anyone use PL Rater in California? We're on the fence between EZLynx and PL Rater and currently use FSC. The major advantage we see of PL... fauxfive55
CA towing wc
Posted: Fri Apr 8 -- What carriers offer WC for Tow Trucks Co in CA, I'm Having a hard time finding a carrier sthat accepts this risk. The insured is currently... JAM

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