Daily Headlines: Monday, May 16, 2011

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May 16, 2011 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Weather Pattern Behind Current Mississippi River Flood Similar to 1993 The flooding that has inundated low-lying communities and farmland for miles along the Upper and Lower Mississippi River is due to a large, ... Brooke Corp. Fines Pale Next to Pain Caused by Franchise Scheme The Securities and Exchange Commission recently charged six executives of Kansas-based Brooke Corp and two of its subsidiaries with hiding ... P/C Insurers Take Hit in Q1 as Hurricane Season Approaches The U.S. property/casualty (P/C) industry took a beating from record first quarter 2011 catastrophe losses, and recent earnings ... Agents View Carrier Consistency of Product, Price Critical in Relationship Nearly half of independent insurance agents and brokers believe it is most important to their carrier relationships that companies are ... Crump Buys Workers’ Compensation Self-Insurance Firm SFA Wholesaler broker Crump Insurance Services Inc. has acquired Self Funded Alternatives, an insurance intermediary specializing in ... Claims Journal Names Johnson Associate Editor Wells Publishing Inc., publisher of Insurance Journal, Claims Journal and MyNewMarkets.com, recently hired Denise Johnson as associate ... BUA Launches Non-Appearance Event Insurance BUA, a provider of event cancellation insurance for trade shows and sporting events, has introduced NoShow non-appearance insurance. The ... The Perils of "Named Perils" It is standard practice for agents and brokers to default to the open perils causes of loss when proposing property insurance. As... More National News East Condo Owners File Suit over Fees at Chartis-Owned Ski Resort When he signed to buy a condo at Vermont's Stowe Mountain Resort, Patrick Sullivan was told his share of fees charged by the resort ... Health Insurance Exchange Hearings Begin in New York Officials are staging a series of public hearings around New York on designing the state's health insurance exchange as part of federal ... Brassard Elected Chair of IIABNY Insurance agent Christopher A. Brassard has been elected president of Independent Insurance Agents & Brokers of New York Inc. (IIABNY), ... More East News Learn the 3-step Process to Shark Proof Your Newly Won Clients In this one-hour webinar you'll learn: 1) The first three things you say to your new client; 2) How to get your client fully invested; 3) Three phone calls your new client will receive, who will make them, and what they say Live training Wednesday, May 18. Plus get the recordings so you don't miss anything! Learn more and reserve your seat today! Midwest Business Lobby Gets Mixed Results in Missouri Legislature Missouri Republicans came into this year's legislative session with historic majorities and a pledge to push a pro-business agenda they ... Kansas Governor Signs 'Crash Tax' Bill Kansas has joined Arizona and Utah as the third state this year to ban or place restrictions on local governments charging accident ... USG Adds MacLachlan as Property Broker USG Insurance Services Inc., a national wholesale broker of commercial insurance, has added Douglas MacLachlan as a property broker, out of ... IMA Financial Group Promotes 3 in Benefits Practice The IMA Financial Group Inc., a diversified financial services company specializing in insurance, asset and risk management, has promoted ... More Midwest News Southeast Florida Nabs 53 Suspects in Staged Car Crash Scheme Authorities say a five-month investigation into staged car accidents and insurance fraud culminated in arrest warrants for 53 people in the ... Georgia Allows Health, Life Insurance Sales Across State Laws Gov. Nathan Deal has signed legislation that will allow the sale of insurance across state lines. Deal signed the measure Friday. ... More Southeast News South Central Floodway Opening a Blessing for Louisiana Refineries The opening of a key spillway to relieve flooding along the Mississippi River could create logistical headaches for big Gulf Coast ... Court Decision Moves Louisiana Closer to Recouping 'Road Home' Money Louisiana may be able to recoup much of the money it handed out following Hurricanes Katrina and Rita in 2005 to help storm victims repair ... Housing Assistance Dollars Heading to Arkansas About $4.2 million is heading to Arkansas to help with housing and other needs following recent flooding, state and federal emergency ... More South Central News West Calif. Assembly Bans Workers’ Comp Cuts Due to Race, Sex California's Assembly approved changes to the state's safety net for injured workers that would prevent cuts to disability benefits based ... Washington Labor & Industries Dept. Closes Northeast Office Citing a steady decline in workload due to the poor economy in Northeast Washington, the state Department of Labor & Industries ... ZooMontana obtains insurance, reopens ZooMontana has reopened after reaching an agreement with its insurance company. The Billings, Mont.,  zoo closed May 9, 2011, after its ... More West News International Sex, Lies and the Reckless Choices of the Powerful Sex and power are no strangers. History is littered with tales of the powerful and privileged felled by sex scandals. But make no mistake. ... Cat Bond Investors Not Scared Off by Japan Quake The catastrophe bond market seems to have survived the Japanese earthquake, its biggest test since the Lehman Brothers bankruptcy, with ... W. R. Berkley Forms Berkley Re UK Limited; Appoints Execs W. R. Berkley Corporation has announced the formation of Berkley Re UK Limited, based in London. Its principal focus "will be underwriting ... Marsh/Liberty Report Highlights Confusions on Intellectual Property Marsh and Liberty International Underwriters' (LIU) recently published "2011 Intellectual Property Survey Report," which highlights the ... Aon to Move into New London HQ in 2015 Aon announced that it has selected The Leadenhall Building as its future London headquarters.  The office tower is currently under ... Liberty Mutual Continues UK Commercial Lines Expansion; Hires Personnel After launching its drive into the UK's commercial lines mid-market in March, Liberty Mutual Insurance, the Commercial Lines operation of ... RSA Group’s Q1 Interim Statement Shows Steady Growth The UK's RSA has released its "Interim Statement" for the first quarter of 2011, confirming the Group's steady growth. Highlights of the ... Catlin’s Q1 Interim Statement Highlights 11% Rise in GPW The Bermuda-based Catlin Group's interim statement for the first quarter of 2011, highlights a substantial 11 percent increase in gross ... Steamship Mutual P&I Club Reports Strengthened Underwriting for FY 2010/2011 Steamship Mutual, a London-based global P&I (Protection & Indemnity) Club, announced that "during the 2010/11 financial year the ... More International 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! 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 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 Energy Savings Insurance (ESI) Posted: Mon May 16 -- Hi, If you are looking for and you are in California, good luck. Our fabulous politicians put into law that the bidder must guarantee, the... Esmond 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 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 Business Development Underwriter Client Executive Director of Sales and Services 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. 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