Daily Headlines: Thursday, April 28, 2011

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April 28, 2011 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National AIG Files Lawsuit Against Two Money Management Firms American International Group sued two money management firms Thursday as the bailed-out insurer launched a fight to recoup billions of ... Young Agents Survey Shows Strong Family Ties Bryan Hanes grew up in the family business listening to stories about life in a small town. He heard his grandfather and then father ... Study: High Gas Prices Lead to Fewer Auto Accidents As gasoline prices reach $4 a gallon throughout the nation, pain at the pump seems to have at least one silver lining for drivers and ... Best Affirms AEGON USA Group’s Ratings A.M. Best Co. has affirmed the financial strength rating (FSR) of 'A+' (Superior) and issuer credit ratings (ICR) of "aa-" of the ... Towers Watson Names Osean as VP, Property Insurance Towers Watson named Brendan Osean as vice president, property insurance, in its insurance brokerage business. In his role, Osean will be ... PPIB Launches Medical Director Program PPIB of Novato, Calif., has launched a new medical director program. The Medical Director program provides stand alone coverage for ... Markel Programs, Burns & Wilcox Partner to Offer Real Estate E&O Program Markel has partnered with Burns & Wilcox to offer a Real Estate Errors & Omissions program to a range of residential and commercial ... U.S. Regulators Define Swaps, What Falls Under Dodd-Frank U.S. futures and securities regulators unveiled a crucial part of their expanded supervision of the swaps market on Wednesday, by defining ... 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." That's a... More National News East Fire Deaths Prompt New York to Eye Illegal Subdivisions City fire and buildings officials will search for new ways to target landlords who unlawfully subdivide their properties, Mayor Michael ... Northern New York Hit by Severe Flooding, Road Washouts Dozens of roads are closed in northern New York after severe storms dumped more than 2 1/2 inches of rain, causing extensive flooding and ... Heffernan Hires Mauro to Lead New Manhattan Office Heffernan Insurance Brokers has expanded in to New York and hired Joseph A. Mauro to manage its Manhattan-based operation in the state. ... Vermont Mutual Hires Liberty Vermont Mutual Insurance Group has hired Paul Liberty as its property claim program manager. Liberty is a 30-year industry veteran. He ... More East News 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;" believing that if something goes wrong with one carrier, there are two, three or four other carriers "waiting on the bench." Live training Thursday, May 5. Plus get the recordings so you don't miss anything! Space is limited. Learn more and reserve your seat today! Midwest Levees Strain in Midwest; Volunteers Keep Fighting Twelve hours into a sandbagging shift, and working through a driving storm punctuated by lightning and loud claps of thunder, Casey Lee ... Both Sides Lobby Missouri Gov. on Workplace Discrimination Bill Several Missouri lawyers and civil rights groups are urging Gov. Jay Nixon to veto a bill that would change the legal standard workers must ... North Dakota Becomes 31st State to Ban Texting While Driving North Dakota the 31st state to ban texting behind the wheel, according to U.S. Transportation Secretary Ray LaHood who praised North Dakota ... SIA of Northern Ohio Adds 40th Insurance Agency SIA of Northern Ohio (SIANO) has appointed Myers-Ziemke Insurance Agency in Monroeville as its 40th member, the agency network announced. ... Illinois Insurance Dept. Issues Warning on Adjusters; Urges Flood Coverage The Illinois Department of Insurance is warning homeowners about unsolicited offers of help from insurance adjusters after recent storms in ... More Midwest News 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! Space is limited. Learn more and reserve your seat today! Southeast Tornadoes, Storms Rip South, at Least 228 Dead Tornadoes and violent storms ripped through seven southern U.S. states, killing at least 228 people as they flattened neighborhoods, ... Fire Risk Prompts Florida to Restrict Everglades Access Florida wildlife officials are imposing restrictions on use of some Everglades recreation areas due to increased risk of fire. The Fish and ... Tennessee Lawsuit Damages Bill Advances in Senate Gov. Bill Haslam's proposal to limit lawsuit damages is advancing in the Tennessee Legislature. The measure was approved by the Senate ... Major Florida PIP Reform Effort Dies in Committee The industry's push for comprehensive reforms to Florida's no-fault personal injury protection (PIP) insurance law came to an abrupt ... More Southeast News South Central Lawmakers Question Louisiana Governor's Insurance Privatization Plan Louisiana Gov. Bobby Jindal's top financial advisor has defended the administration's proposal to hire a private company to run a state ... HCC Insurance Holdings Appoints Williams as President Houston-based HCC Insurance Holdings Inc. announced Christopher J.B. Williams has been named president of HCC, effective May 1, 2011. In ... Brodbeck Named Trusted Choice Hometown Hero in Texas The Indpendent Insurance Agents of Texas (IIAT) has named Randy Brodbeck of the Adams Insurance Agency in Johnson City as its newest ... More South Central News West Credit Card Data Breached in PlayStation Outage "Sony Corp. said that the credit card data of PlayStation users around the world may have been stolen in a hack that forced it to shut down ... Dragging Death Prompts Colo. Tow-Truck Bill Tow-truck drivers and the widow of a Colorado Springs tow-truck driver dragged to his death earlier this year have passed the first hurdle ... Calif. Bill Proposes Consolidating Insurance Disclosure Notices California legislators are considering whether to allow certain insurance policies and disclosures to be consolidated into one document, ... Capax Management & Insurance Services Announces Promotions Modesto, Calif.-based Capax Management and Insurance Services has made several promotions. Joel Geddes III has been named an officer of ... Risk Placement Services Adds Two in San Francisco Risk Placement Services Insurance Brokers has made two additions to its RPS Crawley Warren office in San Francisco. Carolyn Wong has been ... Calif. Commissioner Jones to Attend Insurance Charity Dinner The Insurance Industry Charitable Foundation (IICF) has announced that California Insurance Commissioner Dave Jones will be in attendance ... Employers Promotes Dix to VP of Customer Support Reno, Nev.-based Employers has promoted Dennis Dix to vice president of customer support. Since joining Employers in 2007, Dix's ... More West News International Asbestos: Japan Tsunami’s other Hidden Danger Inside the chunks of slate and wallboard smashed and scattered by Japan's tsunami hides a health risk that has been overshadowed by ... First Quarter Earnings Reports: Montpelier Re, Everest Re Montpelier Re experienced the same catastrophic losses that affected almost every re/insurer in the first quarter... Tosti Appointed CEO of Willis Facultative London Willis Group Holdings announced that, effective immediately, Gianmarco Tosti has been appointed CEO, Willis Facultative London, a newly ... Cooke to Head Lloyd’s Marketform Marine Cargo Underwriting London-based specialist Lloyd's insurer Marketform announced that experienced London Market underwriter Gary Cooke will join the company ... Lockton Dubai Names Dawes Specialist Financial Lines Broker Lockton in Dubai announced the appointment of Neil Dawes as a specialist financial lines broker providing (re)insurance and risk management ... Best Affirms SCOR and Subs Ratings after Transamerica Re Deal A.M. Best Europe Ratings Services Limited has affirmed the financial strength rating (FSR) of 'A' (Excellent) and the issuer credit ... More International News Join the Insurance Journal Network Insurance Journal TV Producer Compensation: The Good and the Great Creating a compensation plan that is both fair to producers and the agency is critical in... Watch Now Building Strong Relationships from a Bank Robbery Veteran A discussion with Billy Bond, executive vice president of the Sales Force Development Group... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Hurricane coverage in florida Posted: Thu Apr 28 -- It is almost impossible to get carriers in Florida to write hurricane coverage. It is making being an insurance agent very difficult.... saabins 13,000 properties needing property insurance Posted: Wed Apr 27 -- I think the answer is not insurance, but DAMAGE DEPOSIT, and proper screening of tenants by a real estate professional with proper E&O... jtownagent What are some creative ways to market commercial accounts? Posted: Wed Apr 27 -- One of the most important activities you can do for your business is to create a unique marketing plan. Now, I don't mean do something... 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