Daily Headlines: Monday, May 9, 2011

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May 9, 2011 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National AIR Estimates Recent Severe Storm Losses at $5.5B Insured loss estimates from the storms that hit the Southern and Southeastern United States in late April total between $3.7 billion and ... Apple, Google to Face Lawmakers on Privacy Issues Tech companies such as Apple and Google are hoping the tracks of millions of mobile device users will lead to billions of dollars in ... AIG Shares Hit Lowest Level in Months Shares in bailed-out insurer American International Group fell to their lowest levels in nearly eight months Monday, potentially moving ... E&O Insights: Are Customers Properly Protected for Business Interruption While you may answer the question posed in the headline by saying that most of your commercial customers have business interruption ... Hub International Acquires Two Agencies Hub International Limited has acquired the assets of Lawson-Hawks Insurance Agency Inc. (LHI), a Mountain View, Calif.-based insurance ... 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 East Beach Rebirth: Popular New Hampshire Beach Gets Spruced Up Bob Mitchell can't wait to reopen Mrs. Mitchell's Gift Shop. His business was one of several Hampton Beach businesses destroyed in a fire ... Judge Approves $7M Malpractice Settlement for Massachusetts Couple A Massachusetts judge has approved a $7 million settlement for a Shrewsbury family who claimed medical negligence in the birth of their ... Name Reversal Used as Evidence in Workers' Comp Fraud Case Ondrej Marga faces a potential prison sentence after claiming he was Marga Ondrej. The operator of a Putnam County construction company, ... More East News Midwest Strategic Insurance Agency Alliance (SIAA) Adds 6 Agencies in Midwest Strategic Insurance Agency Alliance (SIAA) announced that six new independent agencies in the Midwest have joined the alliance. They are ... Help Available in Midwest States Affected by Flooding, Violent Weather Midwest residents who suffered damage from flooding, tornados, and other recent severe weather events may qualify for help from federal ... Missouri Jury Awards $4M to Family of Train Victim A jury in northwest Missouri has awarded $4 million in damages in a civil case involving a 2008 train accident that killed a 10-year-old ... More Midwest News Webinar: 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! Southeast Florida Approves Comprehensive Property Reform Homeowners' insurers in Florida were breathing a sigh of relief after a months-long battle to convincing state lawmakers to enact a ... 42 Alabama Counties Now Approved for Disaster Aid Monroe County has been approved for federal disaster aid, which brings the total number of Alabama counties covered to 42. Assistance is ... Florida Judge Says Insurance Should Cover Chinese Drywall Case A Florida judge has ruled that a couple's damage from tainted Chinese drywall is covered by their homeowner insurance policy. Hillsborough ... More Southeast News South Central Alleged Sale of Fake Antibiotic Draws Lawsuit from Texas AG The Texas Attorney General's Office is suing companies from Texas and Georgia accused of misleading mostly Hispanic consumers by selling a ... Hundreds Sue Over West Texas Chemical Contamination Two lawsuits have been filed on behalf of more than 250 West Texas residents against four companies they contend contaminated their ... Texas: Many Life Insurers Keep Beneficiary Proceeds in Accounts The Texas Department of Insurance says a recent industry survey shows that many life insurance companies place policy proceeds into ... More South Central News West Stalemate Over Workers’ Comp Stalls Wash. Lawmakers Washington state lawmakers grappling over how to fill a projected budget shortfall of $5 billion in a special legislative session may first ... Calif. Blocks Bill to Boost Insurance Commissioner’s Penalty Powers The California Senate Insurance Committee has blocked a restitution bill that would have given explicit authority to the state Insurance ... Brown & Brown Subsidiary Apex Insurance Acquires Global Intermediaries Apex Insurance Agency Inc., a subsidiary of Brown & Brown, Inc., has acquired substantially all of the assets of Global Intermediaries ... Idaho Regulator Cautions Producers Against Mishandling Funds The Idaho Department of Insurance is reminding producers of their duties in handling premiums. In recent months, the DOI said it has ... Insuring the Children Grant Provides Funding for Southern California Day Camp Insuring the Children (ITC), a program of the Insurance Industry Charitable Foundation (IICF), has awarded a special grant to the ... More West News International Marine Security Firms Set Ethics Code in Battle against Piracy Maritime security firms have come together to create a code of conduct and ethics, prompted by alarm over the rising number of companies ... First Quarter Earnings Reports: Munich Re, Lancashire Group Like most of the rest of the industry, the world's biggest reinsurer was impacted by the catastrophic loss events that occurred during the first... Aon Benfield: Cat Losses, Solvency II Demand Better Model Evaluation Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp., notes that it will be "highlighting how recent natural ... UK Banks Hit by Compensation Capitulation for Mis-selling PPI British banks gave up a fight over compensating customers wrongly sold insurance, forcing Barclays Plc and HSBC to take a combined hit of ... Ratings Roundup: Aviva/Delta Lloyd, Montana Re (cat bonds), Montpelier Re (notes), Arab Orient A.M. Best Europe Rating Services Limited has commented that the ratings for the UK's Aviva plc and its subsidiary companies remain ... 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... 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 Cole x dates Posted: Fri May 6 -- has anyone used cole x dates and if so what do you think? spokaneins Purchasing X-Date Data Posted: Fri May 6 -- "Here is another idea: When I was with Farmers I would go to the county courthouse every other month and look at... spokaneins 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 Go to Forums Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue Workers' Comp. 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