Daily Headlines: Thursday, April 14, 2011

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April 14, 2011 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National P/C Industry Depends Too Much on Catastrophe Models, Says Pioneer Clark Catastrophe models are a great risk management tool for property/casualty insurers but even the person who created the first one is worried ... Credit Raters Triggered Financial Crisis, Says Senate Report Moody's Corp. and Standard and Poor's triggered the worst financial crisis in decades when they were forced to downgrade the inflated ... U.S. Shuts Down Massive Cyber Theft Ring U.S. authorities claimed one of their biggest victories against cyber crime as they shut down a ring they said used malicious software to ... Target Markets Announces Program Business Research Project The Target Markets Program Administrators Association (TMPAA) will begin research to document the size, characteristics, growth and other ... Synergy Professional Associates Launches Small Firm Lawyers E&O Program Synergy Professional Associates has a new lawyers professional liability program, which focuses on small firms with a specialty in ... Juhas Named to Head AIG Strategic Planning Peter Juhas has been named head of Strategic Planning by American International Group Inc. (AIG). Juhas will be responsible for working ... Pollution Coverage and the Agribusiness Agent: A Necessary Option for Insureds Pollution coverage a necessary option for agribusiness? If that sounds like a contradiction in terms to the agribusiness agent, consider... More National News There is No Such Thing as Too Much 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 Jury Finds Rhode Island Not Liable in Newport Cliff Walk Fall A Newport County Superior Court jury yesterday found the state of Rhode Island is not liable in the personal injury case of a man who ... Judge Allows Harassment Suit Against Delaware Police A Superior Court judge has ruled that a sexual harassment case against Delaware State Police may proceed. State officials wanted to quash ... Utica National Promotes Aquino to Regional Risk Management Post Mark A. Aquino has been promoted to regional manager in the risk management department at the Utica National Insurance Group's office in ... Glatfelter Public Practice Independent School Bus Program Expands to Additional States Glatfelter Public Practice, a division of Glatfelter Insurance Group, has expanded the marketing territory of its SafetyFIRST program for ... More East News Midwest Illinois Business Groups Open to Governor's Call to Fix Workers' Comp Illinois business leaders welcomed Gov. Pat Quinn's call for workers' compensation reform, but a key lawmaker cautioned there's a long road ... Wisconsin Governor Signs Car Insurance Bill Gov. Scott Walker has signed into law a bill designed to lower car insurance rates by undoing higher coverage requirements approved by ... State Farm Plans Mileage-Based Premiums in Illinois State Farm plans to begin increasing or lowering some of its Illinois policy holders' rates next year based on how far they drive. The ... Insurance Industry Charitable Foundation Launches Chicago/Midwestern Division The Insurance Industry Charitable Foundation has launched a Chicago/Midwestern Division. Presently operating a California/Western Division ... More Midwest News Southeast North Carolina Insurance Chief Battles Auto Rate Deregulation Bills Auto insurers are looking to change the way rates are set in North Carolina but that's not going to happen if Insurance Commissioner ... Florida Senate Committee Advances PIP Bills A pair of bills aimed at cracking down on the runaway fraud that has vexed automobile insurers in recent years moved through a key Senate ... Tennessee Judge Dismisses Mechanical Bull Injury Suit A Maury County judge has dismissed a lawsuit filed by a Florida woman claiming she was injured while riding a mechanical bull. According to ... Florida Jury Rules State Farm Driver Owed $3 Million in Lawsuit A middle school teacher in Florida has been award $3 million in damages after a jury found State Farm refused to live up to its contract on ... More Southeast News South Central Texas Lawmaker Cancels State Farm Policy Over Refund Issue Texas State Rep. Joaquin Castro of San Antonio has announced he is terminating his policyholder relationship with State Farm Insurance Co. ... A.M. Best Affirms Ratings of National Lloyds, American Summit A.M. Best Co. has affirmed the financial strength rating (FSR) of A (Excellent) and issuer credit rating (ICR) of "a+" of Texas-based ... Frost Insurance Names Latkowski to Lead Employee Benefits Practice Frost Insurance announced that Brian Latkowski has been named senior vice president, Employee Benefits Practice leader, in the company's ... More South Central News West San Francisco 1906 Earthquake: What If It Happened Today? Seismologists predict a major earthquake, similar in size to the 1906 quake, can hit the San Francisco area at any time. With inflation and ... Barney & Barney Adds Ward, Winn to Compensation Consulting Practice California-based insurance brokerage Barney & Barney LLC has expanded its Compensation Consulting practice with the addition of ... Sylim-Uang Joins Wholesale Trading Co-Op in San Francisco Wholesale Trading Co-Op Insurance Services LLC (WTCI) announced that wholesale binding authority/program industry veteran, Julie ... Montana Governor Signs Workers' Comp Compromise Gov. Brian Schweitzer has signed the compromise plan he worked out with Republican leaders to reduce workers' compensation insurance ... Insurance Problem Disrupts Portland, Oregon Charter School After staying home on April 11 and 12, students at Trillium Charter School in Portland returned to class on the 13th after a dispute over ... More West News International Japan Businesses Demand Compensation for Nuclear Evacutaion Small business owners and laborers forced to leave their homes and jobs because of radiation leaking from Japan's tsunami-flooded nuclear ... Global Nuclear Forum Backs Safety Push A 72-nation nuclear forum said on Thursday it backed a U.N.-led campaign to strengthen atomic safety in the light of Japan's crisis and ... LeapFrog Invests $14M in African Group Apollo for Microinsurance LeapFrog Investments has invested $14 million in East African insurance group Apollo Investment Ltd., which it says is the largest deal in ... Aon Benfield Partners with Shanghai Institute on Typhoon Research Global reinsurance broker Aon Benfield and Shanghai Typhoon Institute (STI) of China Meteorological Administration ... Markel UK Launches Markel Direct for Low Premium Accounts Markel UK, the retail division of specialist insurer Markel International, has launched Markel Direct, an online service targeting ... More International News Sponsored Content New Regional Business Development Executive Joins North American Risk Services Altamonte Springs, FL, April 14, 2011 — O.L. Anderson joins North American Risk Services (NARS) as a Regional Business Development ... 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 Allied Insurance - Agency terminations. Posted: Thu Apr 14 -- Before you complain to your state association, check the association sponsors. Many of those big companies contribute large sums to the... OldIndyAgent Agency Management System Posted: Wed Apr 13 -- As a current TAM agency admin, I'm curious as to what's going on with Epic? I believe it has been 2.5 years now since I was at TenCon... Threxx 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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