Daily Headlines: Monday, April 18, 2011

Contact us | Subscribe | Send to a Friend

April 18, 2011 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National MLR Dramatically Impacting Commissions, Agents Tell Regulators "The impact of the medical loss ratio has been dramatic on the agents and brokers in this country and it was dramatic immediately." ... U.S. Credit Outlook Cut by S&P on Deficit Concerns Standard & Poor's Monday downgraded its credit outlook for the United States, citing a risk that policymakers may not reach agreement ... US Nuclear Regulator Monitoring Plant after Tornado The U.S. nuclear safety regulator said Monday it was monitoring a Virginia nuclear power plant in southeastern Virginia operated by ... Growth of Clean Tech Industry Delivers New Exposures, Opportunities Backed by government policy and growing public support, demand for technology that is both clean and sustainable has increased ... S&P Puts 17 Cat Bonds on CreditWatch/Negative Due to RMS Model Change Standard & Poor's Ratings Services has placed its ratings on 17 natural peril catastrophe bonds (listed below) on CreditWatch with ... Golden Eagle Expands Small Business BOP Product Golden Eagle Insurance, a Liberty Mutual Agency Corp. regional company, has expanded its small commercial appetite with the addition of ... 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 East Delaware Emergency Services Get More Insurance Funds Delaware's volunteer fire, rescue, and ambulance companies will be receiving more money from insurance premiums this year than they did ... Top Aide to Maine Governor Resigns Maine Gov. Paul LePage's communications director resigned Saturday, a day after a newspaper reported he was facing possible foreclosure on ... Russell Bond Promotes Thome New York-based wholesale broker Russell Bond & Co. promoted Kim Thome to claims manager. She will assist clients nationwide in ... More East 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! Midwest Clinton Selected as Michigan Insurance Regulator Michigan Gov. Rick Snyder has selected Kevin Clinton as head of the agency that regulates insurance and financial institutions in the ... Illinois Senate Rejects Workers’ Compensation Changes A Republican plan to overhaul the Illinois workers' compensation system failed April 14 in the state Senate, largely over the question of ... Fremont Michigan to Be Acquired by Auto Club Insurance Fremont Michigan InsuraCorp Inc., a Michigan-exclusive property and casualty insurer, has agreed to be acquired by Auto Club Insurance ... Wisconsin Officials Up April 10 Tornado Count to 12 The storm system that hit northern and central Wisconsin on April 10 produced a record number of tornados for one day in April. The ... State Farm Plans Chicago Retail Venture State Farm Insurance plans to open a retail storefront in Chicago this summer where it apparently doesn't plan to sell anything. The ... Indiana Tornado Siren Spooks Horses, Spurs Lawsuit A tornado siren placed near an Indiana horse farm has prompted a lawsuit by the owners, who say the device spooks their animals every time ... More Midwest News Southeast South Carolina Church with 6 People Inside Collapses in Storm South Carolina fire officials say a tornado has collapsed a church with six people inside near the town of Bonneau. There was no immediate ... North Carolina Officials Say I-95 Trailer Fire Kills 6 Horses Authorities are looking into whether a discarded cigarette from a passing vehicle on Interstate 95 sparked a fire in a trailer that killed ... Gobble Named Top Exec at Prepared Insurance Eric L. Gobble has been named president and chief executive officer of Florida-based Prepared Insurance Co. Gobble has been serving as COO ... More Southeast News South Central 252 Texas Counties in Fire Danger; Gov. Requests Disaster Declaration Texas Gov. Rick Perry has requested a federal Major Disaster Declaration for his state as a result of widespread wildfires and continuing ... South Central States Assess Damage from Recent Storms Tornadoes, violent thunderstorms, high wind and hail struck large swaths of Arkansas, Louisiana, Oklahoma and Texas last week and now those ... Seeking to Privatize, Louisiana Ousts Chief of Group Benefits Office Louisiana Gov. Bobby Jindal's administration on April 15 ousted the CEO of the state-run health insurance office, the Office of Group ... Louisiana Lawmaker Fined Over Legal Work for State-Backed Insurer A Baton Rouge state lawmaker's law firm has been fined for violating state ethics law, by doing legal work for the state-run property ... More South Central News West Low-Cost Auto Insurance Program Promoted at Calif. Colleges Representatives from California's  Department of Insurance and notebook computer maker ASUS Computer International have been visiting ... Calif. Regulator Intervenes in Suit Against Sutter California Insurance Commissioner Dave Jones has filed to intervene in a lawsuit that alleges Sutter Health hospitals engaged in false ... SullivanCurtisMonroe Adds Two Account Executives Irvine, Calif.-based SullivanCurtisMonroe (SCM) has added Derek Moore and Kyle Shallahamer as account executives. Moore joins SCM from ... Bolton & Co. Names Schulz Assistant VP Bolton & Co. based in Pasadena, Calif., has named Brett Schulz assistant vice president in the Property & Casualty Division. Schulz ... More West News International Lloyd’s Chairman Levene to Retire; Nelson Named to Replace Him The Council of Lloyd's has announced that John Nelson is to be appointed as the next Chairman. He will take up the position in October of ... Q1 Pirate Attacks ‘Hit All-time High’ IMB Reports Piracy at sea hit an all-time high in the first three months of 2011, with 142 attacks worldwide, the International Chamber of Commerce ... ABIR Reports 2010 Results for Bermuda’s Re/Insurers; $11.4 Bn Net Income The Association of Bermuda Insurers and Reinsurers (ABIR)  has released the 2010 global underwriting results for its 22 member ... UK’s Sterling Offers Free Wedding Coverage to Mark Royal Wedding London-based Sterling Insurance Company announced that it "will be providing free wedding insurance protection [on certain conditions] to ... FERMA:Brazil’s Response on Regulation Change Complaints O.K.;More Needed The Federation of European Risk Management Associations (FERMA) described the Brazilian government's response to complaints about proposed ... Mitsui Sumitomo at Lloyd's to Expand into Ireland Mitsui Sumitomo at Lloyd's confirmed that it is to establish branches in Dublin and Belfast as part of its expansion plans. The new ... Best Finds P&I Clubs in ‘Good Financial Position’ to Face Testing Times A.M. Best Co. has released a briefing addressing the marine protection and indemnity (P&I) market, which indicates that the" insurers ... Genden Appointed CEO of Travelers Europe The Travelers Companies announced that Sean Genden has been named CEO of Travelers Europe, charged with supporting its "strategic and ... Macleod to Head SCOR’s Channel Syndicate Marine Division Lloyd's Channel Syndicate 2015 has appointed Iain Macleod as Head of its Marine Division. He has worked in the London Market for over 25 ... Keen to Head Cooper Gay’s ‘Upstream Energy’ Growth London-based Cooper Gay has unveiled plans to grow its upstream energy business with the appointment of "renowned specialist broker David ... 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 The Rightful Act and Duty of an Retail Insurance Manager Posted: Mon Apr 18 -- That's the key. If compensation stays unrelated to performance you're probably going to get more of the same. Brand Kentucky Daycare Posted: Sun Apr 17 -- Hi all, Anyone with thoughts on good markets for Kentucky Daycare? Getting some good vibes regarding Philadelphia. All input will be greatly... TruePoint Agency Management System Posted: Sat Apr 16 -- I don't have any experience working with ITC on their agency management products, but I have worked with ITC on e-mail, web sites, etc....... Agent79 Risk Purchasing Groups Posted: Fri Apr 15 -- Not an issue either because the application didn't ask about placing business with RPG's at all. Rob Allied Insurance - Agency terminations. Posted: Fri Apr 15 -- I agree Greg they should, but it is the way it is unfortunately. OldIndyAgent National Agents Alliance? Legit or Keep Away? Posted: Fri Apr 15 -- hmm, is NAA still drafting $ out of agents accounts for leads even after the agent leaves? They were known for that in the past. Brand Go to Forums Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue Agency Salary Survey, Medical Professional Liability, Business Interruption / Business Income, Education & Training Directory More Newsletters Choose Newsletters Daily Headlines Weekly Reader Picks Magazine Update Insurance Journal TV Classifieds Breaking News MyNewMarkets Daily Claims Daily Enter Your E-mail Market Directories Excess & Surplus Markets Programs Workers' Comp Markets New Insurance Jobs Producer Producers Chief Information Officer Have a job opening? List it on our Web site. How to Advertise For information about advertising on this newsletter and Insurance Journal magazines, contact Julie Tinney at (800) 897-9965 x148. View our Media Kit for advertising options in our magazines and online properties. Subscribe | Unsubscribe | Send to a Friend | Contact Us Insurance Journal 3570 Camino del Rio North, Suite 200 San Diego, CA 92108 (800) 897-9965 Copyright © 2011 by Wells Publishing, Inc.