Daily Headlines: Friday, May 6, 2011

Contact us | Subscribe | Send to a Friend

May 6, 2011 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Insurers Fight Over Flood Policies Dropped by State Farm Major U.S. insurers jostled on Capitol Hill this week over control of 800,000 former State Farm flood insurance policies as lawmakers tried ... Sony Calls on Insurers to Help Pay for Data Breach Sony is looking to its insurers to help pay for its massive data breach, an amount that one expert estimates could exceed $2 billion, but ... AIG Reports $1.5B Net Income Loss in Q1 American International Group posted a loss from continuing operations in the first quarter as it recorded a charge of more than $3 billion ... Systemic Firms Will Not Be ‘Too Big to Fail,’ Says FDIC’s Bair Financial firms that the U.S. government deems as "systemic'' will not be "too big to fail,'' bank regulator Sheila Bair said Thursday. ... Liberty Mutual Posts 14.9% Increase in Net Income in Q1 Liberty Mutual Group reported net income of $362 million for the first quarter 2011, an increase of $47 million, or 14.9 percent, over the ... Reality TV Gets a New Name, Creates New Opportunities for Agents American's thirst for reality television has led to all kinds of different "reality" programming. From housewives, to crab fishing to dirty... More National News Webinar: Completing the Condominium Insurance "Jigsaw Puzzle" All-New Training from Academy of Insurance. - Thursday, May 12, 2011 - 1:30pm Eastern / 10:30am Pacific - Instructed by Christopher J. Boggs Learn the key issues regarding the insuring of condominiums to avoid holes in either the association's or unit owner's coverage. Learn more and reserve your seat today! East Lake Flooding Continues to Plague Vermont and New York At one end of the Burlington, Vermont neighborhood, 16-year-old Nathan Shappy was filling sandbags to put around his family's house. ... Pennsylvania Lawsuit Accuses Rental Firm of Spying on Customers A major furniture rental chain has software on its computers that lets it track the keystrokes, screenshots and even webcam images of ... Clothes Dryer Blamed for Maryland House Explosion Authorities say an improperly installed clothes dryer caused an explosion that destroyed a Maryland home and seriously injured two people. ... More East News Midwest EEOC Settles Wisconsin Discrimination Complaint with Chubb A federal agency says a New Jersey insurance company will pay $110,000 to settle allegations of racial discrimination at its Milwaukee ... Motorists Insurance Appoints Kaufman as Chief Operating Officer The Motorists Insurance Group, based in Columbus, Ohio, has appointed Executive Vice President David L. Kaufman as chief operating officer. ... Newins Named Property Casualty Division Director in Kansas Kansas Commissioner of Insurance Sandy Praeger named department veteran Jim Newins as the new Property and Casualty Division Director at ... Bonus Scheme Leads to License Loss for North Dakota Insurance Agent A Bismarck, N.D., insurance agent accused of falsifying insurance applications to qualify for weekly bonuses has lost his agent license. ... Vickers Jr. Joins IMA of Kansas City IMA Inc., an independently owned retail insurance broker, has added Bobby Vickers Jr. as a sales executive in the company's Kansas City, ... More Midwest News Southeast Florida Legislature Passes Medical Malpractice Changes The Florida House has approved the final version of a bill overhauling medical malpractice suits in the state. The bill (HB 479) was ... Coal Company Involved in Deadly Blast Cited Again Troubled coal producer Massey Energy Co. has been cited for more than two dozen serious safety violations that could have caused a fire or ... Official: Alabama Storm Damage Could Near $2B Damage from Alabama's deadly tornadoes could approach the state's record of $2 billion from Hurricane Ivan in 2004, Alabama's insurance ... More Southeast News South Central Arkansas Restricts Insurance Policy Cancellations In the aftermath of devastating April storms, the Arkansas Insurance Department has issued a 60- day moratorium on the ... Louisiana Seeks Large Share of Oil Spill Liability Money State officials say Louisiana was hurt more than other states by the Deepwater Horizon oil spill, and so should get more money than other ... 'Exceptional Drought' Expands in Texas, Oklahoma The severe drought ravaging Texas and other parts of the U.S. Southwest is getting worse, weather experts said Thursday, and little respite ... Oklahoma Boating Under the Influence Bill Goes to Governor Gov. Mary Fallin's desk in the next stop for legislation that strengthens Oklahoma's law regarding operation of a boat while under the ... More South Central News West Calif. Bill Targets State Workers’ Comp Insurer’s Commission Policy California Assembly Member Anthony Portantino, 44th District, has proposed a bill aimed to level the playing field for brokers who help to ... Mont. Governor Vetoes Workers’ Comp Tax Montana Gov. Brian Schweitzer has used his line item veto power to strike a a 2.75 percent workers' compensation premium tax on insurance ... Wash. Judge Orders $129K in Damages for Boy Injured By Tree A southwest Washington school district has been ordered to pay more than $129,000 in damages to the family of a teenage boy who suffered a ... SIAA Grows by 21 Agencies in April 2011 Hampton, N.H., based The Strategic Insurance Agency Alliance (SIAA) announced 21 new member agencies in April. Of April's signed members, ... Custom Choice Insurance Joins The Iroquois Group Custom Choice Insurance Services of Idyllwild, Calif., has joined The Iroquois Group, according to agency principal Caleb Kirk. The agency ... Barney & Barney’s Reeves Earns Athena Award Barney & Barney LLC Principal and Chief Sales Officer Trindl Reeves has received Athena's Pinnacle Award, Individual in Service, for ... More West News International Sony’s Insurers to Help Foot Bill for Data Breach Sony is looking to its insurers to help pay for its massive data breach, an amount that one expert estimates could exceed $2 billion, but ... Lloyds Bank Takes $5.3 Billion Hit for Mis-selling Payment Protection Insurance Lloyds, the UK's state-backed bank, which has no affiliation with Lloyd's of London, took a shock £3.2 billion ($5.3 billion) charge ... First Quarter Earnings Reports: Allied World, Validus Group Allied World:                                2011             2010 Gross premiums written    ... Liberty Mutual’s Brazil Seguros to Sponsor 2014 Soccer World Cup The Boston-based Liberty Mutual Group announced that Liberty Seguros in Brazil has signed an agreement with FIFA [soccer football's ... More International News 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 a... Watch Now 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 Watch more videos at InsuranceJournal.tv New Discussions in the Forums Need Stop Gap Employers Liability for ND & WY Posted: Fri May 6 -- I have a Michigan contractor working in ND and WY. He purchased WC from each monopolistic state which does not include employers liability.... lauren CPCU classes vs. CLU classes Posted: Fri May 6 -- One other question... for the life of me I can not find a list of sites for future CLU conferment ceremonies. I know this year's "knowledge... PatsFan2001 Independent Contractor (LLC) v. Employed by Agency Posted: Thu May 5 -- If your commission split remains the same stay as an employee. Do the math gregcw mentioned also adding in medical benefits. NYagent301 SEO and buying back links Posted: Thu May 5 -- Buying links is a questionable SEO tactic. Why not just do your best to produce quality content and hope that the links naturally follow?... sankykid CA Roofing Contractor WC Posted: Thu May 5 -- Roofing Contractors in Atlanta don't have to be such a hassle. Let our professional Roofing Contractor in Atlanta quote your project... HydenMathod Degree in IRM or CPCU Posted: Thu May 5 -- Good Day! I was bit confused from last few months, I had been working in an Insurance broking firm abroad (Outside U.S), now i was finally... mus4dd1q Risk Purchasing Groups Posted: Wed May 4 -- There are RPG's and RPG's. Just some items to check with this RPG: - Is a reinsurance cut through endorsement available? - Is the insuring... Rock54 Go to Forums 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 General Agent Director of Business Development Vice President of Claims - Commercial P&C Have a job opening? List it on our Web site. How to Advertise For information about advertising on this newsletter and Insurance Journal magazines, contact Julie Tinney at (800) 897-9965 x148. View our Media Kit for advertising options in our magazines and online properties. Subscribe | Unsubscribe | Send to a Friend | Contact Us Insurance Journal 3570 Camino del Rio North, Suite 200 San Diego, CA 92108 (800) 897-9965 Copyright © 2011 by Wells Publishing, Inc.