Daily Headlines: Friday, May 13, 2011

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May 13, 2011 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National House Committee Passes Flood Insurance Extension, Reform Bill As flood waters continued rising along the Mississippi River, a House committee yesterday unanimously approved bipartisan legislation to ... White House Urges Congress to Act on Cybersecurity The White House Thursday pressed Congress to pass strong cybersecurity measures to protect consumers' personal information and safeguard ... Shareolders Using ‘Say-on-Pay’ Votes in Lawsuits Against Boards Shareholders upset with ever-higher executive compensation packages are using new ''say-on-pay'' votes to challenge the payouts in court, a ... Safety Advocates, Industry Spar Over Bus, Truck Safety Rules On a clear June afternoon, a tractor-trailer truck crested a small rise on a stretch of interstate highway in Oklahoma. Plainly visible in ... Lawyers Eye Data Breach Lawsuits But Damages Uncertain The recent hacker attack at Sony Corp. and other corporate data breaches are attracting more class-action lawyers eager to score a payday, ... Marsh Launches Guarantee, Credit Insurance for Ship Owners Ship owners are becoming increasingly concerned about the financial consequences of a rise in ship charterers filing for bankruptcy. In ... Cost of Fatal Car Crashes by State More than 30,000 people are killed in car crashes each year in the United States. In addition to the toll on victims' families and ... Awareness of Cyber Liabilities Increasing but Agent Education is Key to Selling Policies New cyber liability products and players continue to flood this already oversaturated market, but the real question is: is anyone buying... More National News East New York Court Reinstates Restaurant Worker’s Product Liability Suit New York's top court this week reinstated a Manhattan restaurant worker's product liability lawsuit over a lye-crystal drain cleaner, ... Maryland Official Files $21 Million Libel Suit Against Blogger Baltimore Councilwoman Belinda Conaway is suing a political blogger and his publisher for $21 million for libel and defamation over a ... Massachusetts Widow Sues Big Dig Contractors Over Husband’s Death The widow of a Salem, Mass. man who died when he was flung into the handrails inside a Big Dig tunnel after his pickup truck crashed has ... More East News Shark Proof: Insulating Your Clients The first 30 days after the sale is the most vulnerable time for your new client. They will experience buyers remorse, fear of the unknown and guilt for firing their agent. Live training Wednesday, May 18. Plus get the recordings so you don't miss anything! Learn more and reserve your seat today! Midwest North Dakota Officials Praise Disaster Declaration North Dakota officials praised President Barack Obama' disaster declaration that will help the state recover the costs of combatting and ... Outlook Negative but ‘A’ Rating Affirmed for Motorists Insurance Pool A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating (FSR) of A (Excellent) and issuer ... Lockton Names Zgutowicz Producer, Adds Coury in Chicago Privately held insurance broker, Lockton Companies has named Casey Zgutowicz as producer in its Chicago, Ill., office. The company also ... More Midwest News Why Most Property Insurance Values are Wrong "37% to 60% are wrong by 22% to 60%." No, that is not a description of Las Vegas betting or jury verdicts. Those are percentages quoted in recent studies of property underinsurance. Live training Thursday, May 19. Plus get the recordings so you don't miss anything! Learn more and reserve your seat today! Southeast Lawsuit Alleges Biloxi Police Harassment in Pornography Search A man awaiting trial in a federal child-pornography case has filed a lawsuit alleging he was harassed by the police department in Biloxi, ... Florida’s Citizens Property Insurance Boosts Reinsurance Florida's state-backed property insurance company is shoring up its ability to pay claims to home and business owners should a major ... Kentucky Suburb to Charge Insurers Fee for Fire Service A suburban fire department in Louisville, Ky. will begin charging a fee to battle most blazes later this summer. Lyndon will charge a ... More Southeast News South Central Louisiana Governor: We're Not Waiting for the Corps on Flooding Issues Louisiana Governor Bobby Jindal said that while the U.S. Army Corps of Engineers has not given specific time for opening the Morganza ... Drought Expands Dramatically in Texas, Losses Mount Another dry week in the southern United States has driven the spread of a devastating drought further across Texas and neighboring states, ... Former New Orleans Aviation Director Sentenced in Insurance Fraud Case A federal judge has sentenced Sean Hunter, the former director of aviation at Louis Armstrong International Airport, to one year and a day ... Fontenot Named Deputy Commissioner at Louisiana Insurance Department Louisiana Insurance Commissioner Jim Donelon announced that Emma Fontenot has assumed the position of deputy commissioner of the Office of ... More South Central News West Wash. Governor Proposes Workers’ Comp Settlement Option In hopes of settling a stalemate in Washington's special legislative session, Gov. Chris Gregoire has submitted a proposal that includes a ... Unico American Corp. Reports $1.1M in Q1 Net Revenue Woodland Hills, Calif.-based Unico American Corp. announced its revenue for the three months ended March 31, 2011, was $8.6 million and net ... PowerGuard Names Nakahodo VP of Operations PowerGuard Specialty Insurance Services, a managing general agent and Lloyds cover holder specializing in unique insurance and risk ... More West News International A. J. Gallagher Acquires UK Broker Heath Lambert for $158 Million Arthur J. Gallagher & Co. (AJG), has completed the purchase of HLG Holdings Ltd (the Heath Lambert Group), for a net purchase price of ... Japan Approves Tepco Nuclear Claims Plan; Banks’ Help Eyed Japan's government agreed on Friday to set up a fund with taxpayer money to help Tokyo Electric Power compensate victims of the crisis at ... Lloyd’s Estimates Losses from Q1 Disasters at $3.8 Billion After careful calculation Lloyd's has announced its estimated net claims before tax from the earthquakes this year in Japan and New ... EQECAT Estimates Spain Quake Insured Losses at Maximum $100 Million Catastrophe modeling firm EQECAT has released a "CatWatch update" on the market loss estimate for the May 11 earthquake near Lorca, Spain, ... Arctic Nations Step up Cooperation on Safety, Oil Spills Arctic nations agreed on Thursday to improve cooperation including on preventing oil spills as a thaw of ice and snow opens access to the ... Best’s Analysis Concludes Solvency II Will Transform EU Captive Insurers Although it has been coming for more than 10 years, the European Union's Solvency II regulations covering the community's insurance ... Marsh Offers Ship Owners Protection for Increasing Charterers' Defaults A bulletin from Marsh's London office warns that "ship owners are becoming increasingly concerned about the financial consequences of a ... WTO’s Lamy: Nobody Wants Doha Trade Talks to Fail Countries locked in long-running trade talks do not want the so-called Doha round to fail but may not have the political will to agree on ... 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 Interstate Compacts? Forget About Them In preparation for new surplus lines regulations, states are considering whether to join... Watch Now Will Deficit Debate Affect Flood Insurance? Taxes? Following the November elections, Congress and the White House, as well as states, have signaled that... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Business Income - Rental Income Posted: Thu May 12 -- If the tenant has opted for loss of income, in lieu of, extra expense the BI/EE form will define loss of income. It may be defined as gross... Rock54 National Agents Alliance? Legit or Keep Away? Posted: Thu May 12 -- hey "dontdoit"... who was your manager? also, if it is such a bad business, why were you involved for 2.5 years? also, if the expenses are... pontiac Renewal call scripts Posted: Wed May 11 -- Of course, complete as much as possible with what you know, before you phone. We would like to be sure our records are current and to check... jtownagent Cole x dates Posted: Wed May 11 -- I have used them for business and personal lines. I paid a little over $500 for one year to access their site. I had a good return on... QuoteClicker CPCU classes vs. CLU classes Posted: Wed May 11 -- The future conferment cermonies are on the site but you have to go to the bottom of the page on the institutes homepage... mhw182 Purchasing X-Date Data Posted: Tue May 10 -- All Realestate Transactions are listed - Commercial and Residential. I ran a query yesterday. June 2010 - July 2010. 284 total transactions... FFA Go to Forums Reader Comments Florida Judge Says Insurance Should Cover Chinese Drywall Case Posted: Mon May 9 -- His reasoning must be based on the expressions he's heard "blowing smoke" and "passing gas" - this won't stand up to an appeal. The next... Bob Most Without Insurance Do Not Pay Hospital Bills: Federal Report Posted: Tue May 10 -- Yes Nancy, I am quite sure that a lot of them do. Speak to someone that doesn't have health insurance - even though they work - but who has... mtt Insurers Fight Over Flood Policies Dropped by State Farm Posted: Fri May 6 -- I don't think a company, that does not participate in the flood program, should be allowed to do or say anything to NFIP concerning what it... Jim Moore Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue Workers' Comp. Report with Directory, Restaurants & Bars, Recreation & Leisure 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 Client Executive Director of Sales and Services Director of Risk Management Have a job opening? List it on our Web site. 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