Daily Headlines: Tuesday, April 5, 2011

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April 5, 2011 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National U.S. Judge Dismisses Non-U.S. Car Buyers’ Claims Against Toyota A U.S. judge said he would dismiss claims against Toyota Motor Corp. by non-U.S. car buyers who say their vehicles lost value because of ... Oil Rig Firm Transocean Awards Safety Bonuses Despite Gulf Tragedy Transocean Ltd. gave its top executives bonuses for achieving the "best year in safety performance in our company's history despite ... AIG Busy Investing Its Cash, May Bid on Bonds Bailed-out insurer American International Group is working hard to invest cash it had set aside for a failed deal to buy assets from the ... Starr Aviation Develops Workers' Compensation Small Business Unit Starr Aviation Agency, Inc., a member of Starr Cos., has developed a Small Business Unit within their Workers' Compensation division. The ... XL Insurance Creates Electronic Data Destruction Coverage for E-Waste Recycling XL Insurance, the global insurance operations of XL Group plc, has unveiled a new Electronic Data Destruction coverage enhancement ... Happy 100th Birthday Workers' Compensation: The Great Tradeoff! Happy 100th Birthday Workers' Compensation: Now What ? This year marks the 100th anniversary of the workers' compensation system in the U.S.... More National News East Connecticut Builders, Fire Officials Spar over Sprinkler Rule With his Connecticut home-building business down more than 90 percent, the last thing Robert C. Fusari Sr. says he needs is a new rule ... Confie Seguros Acquires NII Confie Seguros has acquired NII Brokerage, an agency with 26 offices concentrated in Upstate New York. Confie Seguros is a private ... Beazley Names Ricardo as Breach Response Manager Specialty insurer Beazley Group has named Alex Ricardo privacy breach response manager for the company's technology, media and business ... More East News Writing E&O policies? Join us Thursday Join us for a breakdown of the E&O policy form and learn common exclusions, enhancements and how to properly insure your client's exposures. Live training Thursday, April 7. Plus get the recordings so you don't miss anything! Learn more and reserve your seat today Midwest Feds Probe Illinois Public Agencies’ Workers’ Compensation Payouts Two federal prosecutors are investigating possible workers' compensation abuses at Illinois government agencies after disclosures of ... Iowa Couple Sues Ex-Landlord over Fatal Fire An Iowa couple says their former landlord is to blame for the death of their granddaughter and their own disabling injuries in a 2009 fire, ... ‘Crash Tax’ and Other Fees Target Out-of-Towners Cash-strapped local governments in Michigan are increasingly looking to out-of-towners to help pay the bills for police and fire services. ... More Midwest News Southeast Mississippi Toughens Parental Social Host Liquor Liability Law Mississippi Gov. Haley Barbour has signed into law a bill that supporters say will make it easier to prosecute parents who host drinking ... Tennessee Worker’s Harassment Award Against Whirlpool Affirmed A federal judge has affirmed a million-dollar judgment against Whirlpool Corp. in a sex and race harassment lawsuit filed by the U.S. Equal ... Mopeds’ Growing Popularity Raises Safety Concerns One man wanted to shrink his carbon footprint. Another saw a chance to save gas money. A third needed a way to get around after losing his ... Florida’s Acentria Acquires Advanced Comp Insurance agency Acentria Inc., headquartered in Destin, Florida, has acquired another Florida firm, Advanced Comp, a workers' ... More Southeast News South Central Texas Regulators Settle Race-Based Discriminatory Pricing Case The Texas Department of Insurance has reached a settlement with Texas Imperial Life Insurance Co. to secure additional benefits to ... More South Central News West Tesoro Denies Plant Blast in Washington Due to Poor Maintenance The U.S. Chemical Safety Board said Tesoro Corp. had not adequately maintained a heat exchanger at its Anacortes, Washington, refinery, ... Westside Rapist, Former California Claims Adjuster, Gets Life Sentences A former state insurance adjuster dubbed the "Westside Rapist'' by police has been sentenced to life in prison for murdering seven women in ... Survey Finds Structurally Deficient Montana Bridges A new survey finds one of every 13 highway bridges in Montana is structurally deficient, and that an average of 80,000 motorists a day ... Calif Tsunami Damage Estimate Increases California's damage estimate from last month's tsunami has increased. California Emergency Management Agency spokesman Brad Alexander said ... More West News International Japan Quake Reveals Cracks in Insurance System – Part I Michael Korn is a popular person these days, which is perhaps not too surprising considering what he does for a living and where he lives. ... Towers Watson: Disasters Have Limited Impact on Japan Insurers According to a study from Towers Watson (TW) the earthquake and tsunami, which devastated Japan on March 11 will, "not deeply impact the ... Aon Analysis Finds Airlines Seeing Passenger Numbers Increasing in 2011 According to Aon Risk Solutions, recently released "Airline Insurance Market Outlook, 2011," the Aon airline industry has "started to ... XL’s Japan Quake/Tsunami Loss Estimates – $190 to $290 Million XL Group plc announced that its preliminary net loss estimates for the March 11, 2011 earthquake and tsunami in Japan, pretax and net of ... Amlin Estimates Claims from Q1 Catastrophes Specialist insurer Amlin plc has released initial estimates of the impact of the 2011 New Zealand earthquake, the Japanese earthquake and ... MMA to Write Commercial Lines via Broker Network Trading Room As of April 1st members of Broker Network (BN) will be able to trade with commercial insurer MMA Insurance plc via BN's Network Trading ... RSA Appoints Colahan as New Hong Kong Chief Executive RSA announced the appointment of Chris Colahan as its new Chief executive in Hong Kong. He previously served as country manager of RSA's ... More International News 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 Starting an Independent Agency has never been easier Posted: Tue Apr 5 -- Perhaps providing a link to this IJ article might give your post some credulity. Big Dog National Agents Alliance? Legit or Keep Away? Posted: Tue Apr 5 -- The key to finding out more about a Cluster or Alliance type group is to talk to agency members of a given group. One member is only one... AgencyEquity Continuing Education ... Masters Degree in Insurance? Posted: Tue Apr 5 -- A CIC and/or a number of other similar designations may look as good as a Masters (since these are well recognized in our industry) and save... AgencyEquity Agency Management System Posted: Mon Apr 4 -- Have done demos of Partner XE and Hawksoft and am torn. Both seem to do what we need and expect with Partner XE having a leg up due to the... jbsmithtx PA Dog Liability to meet State Requirements Posted: Thu Mar 31 -- Traveler will not write it. I do not know any company will wirte dog with history of bitten pecosins Agency Appointment/ Agent Certification Posted: Wed Mar 30 -- Not sure about your state, but in my state, the insurance laws prohibit an agent from setting up shop merely to handle family... Island Girl Agent Using a recorder for CPCU study Posted: Wed Mar 30 -- From time to time I see people asking for the best way to study a CPCU test. Although there are numerous ways one thing I've done (currently... 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