Daily Headlines: Wednesday, April 20, 2011

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April 20, 2011 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National How P/C Insurance Industry Fared Financially in 2010 U.S. property/casualty insurers' net income after taxes rose to $34.7 billion in 2010 from $28.7 billion the year before, with ... Treasury Defends Dodd-Frank Reforms; Promises Insurance Expert Soon The Obama administration fired a fresh salvo at Wall Street Tuesday, telling critics of the U.S. financial reform law to knock off their ... Berkshire, Buffett Sued Over Sokol’s Trades Warren Buffett and the rest of Berkshire Hathaway Inc.'s board of directors were sued by a shareholder Tuesday over presumed heir apparent ... McDonald’s Not Smiling Over Happy Meals Lawsuit A lawsuit seeking to stop McDonald's Corp. from offering toys with Happy Meals must be dismissed because parents can always choose not to ... The Hanover to Pay $510M for UK Insurer Chaucer A half-billion dollar deal that would make Lloyd's insurer Chaucer part of Massachusetts-based The Hanover appears all but done. Terms of ... P/C Insurers Keeping an Eye on Congress While lobbyists see few direct threats to the property/casualty insurance industry in the current Congress, P/C insurers have been advised ... Chartis to Shift Asbestos Liabilities to Berkshire’s National Indemnity American International Group said today that its global property/casualty insurer Chartis will transfer the bulk of its  legacy asbestos ... America First Expands Small Commercial Appetite to 60 More Business Classes America First Insurance, a Liberty Mutual Agency Corp. regional company, has expanded its small commercial appetite with the addition of ... Ironshore Environmental Enhances Pollution Program for Education Sector Ironshore Inc.'s Environmental Insurance unit has enhanced its asset-class specific Site Pollution Incident Legal Liability Select ... 8 Experts: Happy Birthday Workers’ Compensation — Now What? This year marks the 100th anniversary of the workers' compensation system in the U.S., as explained by Christopher J. Boggs, director of ... Insurance Industry Answers Call from Community Banks For community banks it has been an uphill climb to restore consumer confidence and get their books back to a profitable level, which hasn't... More National News East 55-gal. drum explodes, injures upstate NY worker A 42-year-old upstate New York man has been hospitalized after the 55-gallon drum he was cutting up exploded and shot into the air, hitting ... Sweeney Named Vice President for TD Insurance TD Insurance has named Mark P. Sweeney as vice president in Providence, Rhode Island. He is responsible for new client development as ... Termini Joins Markel in Virginia Specialty insurer Markel appointed John Termini as managing director for its environmental product line. Termini, based in Richmond, ... More East News Midwest Ohio Non-Insured Property Exclusion Case Sent Back to Lower Court The Supreme Court of Ohio has ruled that a trial court must reconsider arguments in a lawsuit over an exclusion in a homeowners' ... Missouri Insurers Say 15,000 Cars Stolen in 2010 An insurance group says car thieves in Missouri targeted the Ford Taurus more than any other car in 2010. Citing numbers from the Missouri ... Kansas Governor Signs Workers' Comp Reform Bill Kansas Gov. Sam Brownback has signed a workers' compensation reform bill backed by both business and labor groups. Leaders from business ... More Midwest News Southeast Florida Journalist Wins Pulitzer for Property Insurance Report In the thick of her two-year investigation into Florida's insurance industry, Sarasota Herald-Tribune reporter Paige St. John would wake up ... Blair Joins International Practice of J. Smith Lanier in Georgia J. Smith Lanier & Co. has appointed Rosemary Blair as the new senior vice president of International Practice. Based out of J. Smith ... MetLife Auto & Home Enhances Personal Lines Policy for North Carolina Residents MetLife Auto & Home has introduced a number of product and coverage enhancements, including the launch of GrandProtect, its personal ... Opinion: Separating Myths from Facts on Florida’s Citizens Insurance Currently, Florida's legislature is considering a proposal that will help restore health to Florida's insurance market. As the proposal ... More Southeast News South Central Texas Science Panel Adopts Arson Recommendations A state panel in Texas has recommended more education and training for fire investigators following its review of a case involving a Texas ... Money, Insurance May Stop Oklahoma Woman from Keeping Pet Kangaroo An Oklahoma woman who asked her local city council for permission to keep her pet kangaroo says proposed changes to the law meant to help ... Woman Admits She Embezzled $490K from Employee Benefits Fund A Tennessee woman told a federal judge in Baton Rouge, La., that she embezzled over $491,000 in benefits intended for employees of union ... Oklahoma Governor Seeks Federal Declaration for Atoka Tornado Gov. Mary Fallin is seeking a federal disaster declaration for Atoka County in the wake of a deadly tornado that swept through the ... More South Central 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! West Temblor Shakes SF on Anniversary of 1906 Quake A small earthquake centered near San Francisco rattled the area hours after a ceremony was held to mark the anniversary of the 1906 ... Statewide Insurance Expands Contractors Insurance to Oregon Pasadena, Calif.-based Statewide Insurance Brokers, a broker of contractors insurance for general liability, workers' compensation, ... Calif. To Provide Workers’ Comp E-Billing California's Division of Workers' Compensation (DWC) has adopted new regulations for standardized paper billing forms and electronic ... Calif. Workers’ Comp Insurers’ Net Worth Declining California workers' compensation insurer returns continue to dwindle, with recent National Association of Insurance Commissioners (NAIC) ... Aspen Risk Management Adds Flute as Sales Rep Aspen Risk Management Group has added Al Flute as a sales and service representative in San Diego. Flute has a diverse safety and health ... Calif. Women’s Insurance Group Names Award-Winners The South Bay Chapter of the National Association of Insurance Women International (NAIW)  has recognized several members for ... Lockton Adds Michael in Denver Benefits Group The Denver Office of Lockton Companies LLC, a large privately held independent insurance brokerage, has expanded its Lockton Denver ... More West News International Lloyd’s Insurer Chaucer Endorses The Hanover’s Takeover Bid Lloyd's insurer Chaucer plc has issued a statement endorsing the terms of a recommended cash acquisition of the entire issued and to be ... Rising Sea Levels Trigger Disasters in China Says Xinhua News Agency Gradually rising sea levels caused by global warming over the past 30 years have contributed to a growing number of disasters along China's ... ABI Warns of Potential Duplication in Regulatory Reform The Association of British Insurers (ABI) has issued a call for "for better co-ordination between the new financial regulatory authorities, ... Catlin Estimates Japanese Earthquake/Tsunami Losses at $200 Million The Bermuda-based Catlin Group Limited announced that its initial estimate of the financial impact of the March 11 earthquake and ... EDHEC-Risk Institute, Russell Investments to Design Solvency II ‘Benchmarks’ EDHEC-Risk Institute has announced that it will conduct research in cooperation with Russell Investments in order to "design new benchmarks ... Alterra Announces Reinsurance Role Changes and Promotions Bermuda-based Alterra Capital Holdings Limited announced several role changes and promotions that will affect its corporate and reinsurance ... Fitch Affirms ACE Limited’s and Subs Ratings; Outlook Stable Fitch Ratings has affirmed the ratings of ACE Limited and its subsidiaries (collectively, ACE), and has assigned an 'AA-' Insurer Financial ... More International News Sponsored Content CICs and CRMs Earn Update Credit at Entrepreneurial Insurance Symposium Dallas, TX - April 20 2011 – The Entrepreneurial Insurance Symposium has been approved by The National Alliance for Education and ... More Sponsored Content Insurance Journal Blogs Young Agents look for opportunity… and a future Come along for a ride with me... or better yet, join me for a cup of coffee in my office, as we discuss articles from the April 4th ... More Blogs 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 QQ Evolution/Solution Management System? Posted: Wed Apr 20 -- Spoke with my aspire sales guy today. I'd been asking what options they have if I didn't want all the bells and whistles their system has,... Brand American Interstate Posted: Wed Apr 20 -- We have an unbelievable relationship with Amerisafe and if this was brought to their attention, I am sure it would be taken care of... RAM $1,000,000 in Premium 1st Year - New Venture Limo Accounts Posted: Wed Apr 20 -- We need a home for our new venture limo risks. Based upon the number of online applications and phone quotes received, we are capable of... InsureTime Starting an Independent Agency has never been easier Posted: Tue Apr 19 -- I agree with this article. I just started up my own independent agency in September 2010 and I am apart of an agency network that appointed... landersinsurance 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 Executive Agents Producer Producers Have a job opening? List it on our Web site. 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