Daily Headlines: Monday, May 23, 2011

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May 23, 2011 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Late April Tornadoes Likely to Affect P/C Insurers’ Earnings, Not Capital The deadly outbreak of tornadoes in late April, which generated insured losses estimated at as much as $6 billion, is unlikely to have an ... Black Lung Disease Rising Again Among U.S. Miners Black lung disease, long a killer of coal miners, is on the rise again after retreating in the 30 years since Congress passed tougher mine ... The Hartford Shedding Bank Used for TARP Bailout The Hartford is divesting Federal Trust Bank, the Florida thrift it acquired in 2009 in order to receive federal bailout money as part of ... Ratings Analyst Views Allstate Buy of Esurance Positively Allstate Insurance Corp.'s plan to buy Esurance Insurance Group is being viewed positively by a key ratings analyst. A.M. Best Co. placed ... Crump Promotes Heuer to VP, National Agency Relations Mark Heuer has been promoted to vice president - national agency relations for Crump Insurance Services Inc. In this position, Heuer will ... Neace Lukens Launches New Energy Consulting Service Neace Lukens has launched a new energy consulting service as part of its risk management division, CORE Solutions Property Services (CSPS). ... Report: Workers' Comp Line Deteriorates Further in 2010 Workers' compensation continued to worsen in 2010 as the combined ratio jumped five points to 115 in 2010 from 2009. In its State of the... More National News East Chillemi Nominated for New Jersey Insurance Prosecutor New Jersey Gov. Chris Christie has nominated a former federal prosecutor who worked for him at the U.S. Attorney's Office to investigate ... Trustee: Mets Tried to Buy Fraud Insurance A court-appointed trustee says the owners of the New York Mets reaped profits from Bernard Madoff's financial Ponzi scheme even as they ... New Jersey Insurance Broker Indicted for Election Fraud A New Jersey insurance broker already charged in a bribery scheme with a former schools superintendent has been indicted on federal ... More East News Insurance Professional vs. Insurance Pusher Selling insurance has dramatically changed over the past several years. Learn how to master the art of consultative selling in Academy of Insurance's brand-new 3-part series. Learn more and reserve your seat today! Midwest Tornadoes Hit Missouri Town; At Least 89 Killed At least 89 people have died in Joplin, Missouri, and the toll is expected to climb as one of the deadliest tornadoes in state history ... Michigan Charges Detroit Agency, Producer with Fraud Michigan officials are warning Detroit-area drivers that they may have unknowingly purchased fraudulent automobile insurance certificates ... U.S. Refuses to Pay Michigan Insurer for Ferrari Wrecked by FBI Agent The U.S. Justice Department has refused to pay $750,000 to a Michigan insurance company for a Ferrari that was wrecked in Kentucky while ... Tornado Kills Man, Destroys 20 Homes in Kansas A tornado swept through a small eastern Kansas town, killing one person and destroying at least 20 homes, as severe thunderstorms pelted ... More Midwest News Southeast Florida Wants More Private Firms Involved in Emergency Planning Florida's new emergency management chief said he wants the private sector to be more involved in the state's disaster preparedness efforts ... FEMA Criticized for Letters to Alabama Storm Victims The Federal Emergency Management Agency said Friday it has provided grants to about 15 percent of the more than 72,000 people who sought ... More Southeast News South Central Texas Senate Votes to Keep Texas Insurance Department The Texas Senate has voted to renew the state Department of Insurance and give it stronger enforcement penalties when companies lose ... Oklahoma Schools Insurance Rates Go Up After Storms More than 400 Oklahoma schools have received notices of expected insurance rate increases averaging 19.5 percent. The notice from the ... As Water Inches Closer, an Agonizing Wait in Louisiana The final wave of holdouts has mostly packed up and left this Louisiana town as water from the swollen Atchafalaya River has inched toward ... More South Central News West Finally, Wash. Legislators Agree on Workers’ Comp Reform Washington Gov. Chris Gregoire, Senate Majority Leader Lisa Brown, House Speaker Frank Chopp, Senate Minority Leader Mike Hewitt and House ... Montana State Fund Cuts Rates 20% The board of Montana State Fund, the state's largest workers' compensation insurer, cut its rates by 20 percent, in a move that some ... Aon Risk Solutions Adds Valdez in California Aon Risk Solutions, the global risk management business of Aon Corp., announced that Jamin Valdez has joined the Los Angeles office as ... Contractors Object to California Regulator’s Plan to Rehabilitate Majestic Insurance Former members of the self-insured workers' compensation program Contractors Access Program of California, which was managed by now defunct ... More West News International White Mountains’ Sirius to Launch Lloyd’s Syndicate White Mountains Re Ltd. reports that its Sirius International Insurance Corp. affiliate has received approval in principle from the Lloyd's ... Bribery Widespread Across Europe’s Top Companies: Survey More than one third of employees at large European companies are prepared to offer cash or lavish gifts and entertainment to win business ... Europe on Alert for Icelandic Volcano Ash Cloud An eruption by Iceland's most active volcano put Europe on high alert on Monday as a billowing ash cloud drifted towards Scotland and ... German Insurer Organized Orgy for Best Salesmen A German insurance company says it organized an orgy with prostitutes in a renowned Hungarian spa to reward its best salesmen. A spokesman ... UK’s Willis Limited Names New Chairman, CEO Willis Limited, the principal UK broking company of Willis Group Holdings plc said Rodney Baker-Bates will join its board as an independent ... Markel International Names Asia Pacific Unit Leader Specialty insurer Markel International has appointed Abhishek Chhajer to lead the development of the company's trade credit business in ... More International News Insurance Journal Blogs Come Along For the Ride As We “Boomerize” Our Marketing Plans This week, I was in Plymouth Meeting, Penn., instructing a class on generational differences to some 20 insurance professionals. What a ... More Blogs 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 CARE - Car Accident Resolution Experts - New Product Posted: Sat May 21 -- So this new company out now.. called CARE.. short for Car Accident Resolution Experts.. they basically help your client out in the claims... meytai Agency Management System Posted: Fri May 20 -- Hello Scott, We have an MGA that uses our system for over 200 branches across the country with around a thousand users. Maybe you have heard... glennetheridge Continuing Education ... Masters Degree in Insurance? Posted: Fri May 20 -- MBA in Insurance, this is something very good and quality degree as you will not find alot of insurance MBA's because most of the people... farhan Purchasing X-Date Data Posted: Fri May 20 -- "On the logic of insurance being from the date of house purchase, wouldn't this also seem to hold for the date of... FFA Watercraft (jetski )rental Posted: Fri May 20 -- First Flight Insurance Group offers that coverage through a Lloyd's syndicate, subject to a $5,000 minimum premium. You can access them... earlybird How should I compensate my producers? Posted: Fri May 20 -- " This discussion brings up a lot of interesting points. Having worked on both sides of this... RKunz2 Need comp in Ca for structural steel contractor Posted: Thu May 19 -- This is an interesting one. The lapse makes it difficult but, if you wanted to evaluate the CA market for all companies that write this... tylerdurden "Pay As You Go" Work Comp Posted: Thu May 19 -- My E & O Alarm is ringing. If I am understanding this correctly, and Agents and Brokers can be in the payroll business as private label you... PLCinsurancetraining (CA) Looking For Market For Long Term Tree Farm Posted: Wed May 18 -- You might try Googling "standing timber insurance." I don't know where you are located, but there is an active market for this coverage. rcb Go to Forums Reader Comments Starbucks Sued for Firing Dwarf from Barista Job Posted: Wed May 18 -- I think the fact that Starbucks offered the job in the first place validates that they were practicing equal opportunity employment - if... Bob Allstate Targets Online Insurance Sales; Buys Esurance, Answer Financial Posted: Wed May 18 -- Hmmmmmm.... I wonder how the Allstate agents feel right now. Who is next? State Farm? Lets see, Nationwide, Liberty Mutual went to the... 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