Daily Headlines: Thursday, May 19, 2011

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May 19, 2011 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Prison Case Tests Liability of Private Workers Doing Government Work The Supreme Court this week agreed to hear a case on the liability of employees of private companies that operate state and federal ... Transocean Investors Uphold Executives’ Liability for 2010 Shareholders of rig contractor Transocean Ltd voted down a proposal by a healthy margin to discharge its board members and executives from ... Agency Salary Survey Reveals Frozen Salaries; Time to Evaluate Compensation Any business owner knows that a great employee is worth a lot. That holds true for independent insurance agencies when it comes to great ... Top 10 Best Performing Mid-Sized Commercial Insurers: SNL Medical malpractice insurers rank high when it comes to best performers in the mid-sized commercial insurance arena. Medical liability ... Why Bragging May Create a Greater Legal Duty of Care It has often been said that every attorney has a little larceny in his heart. In similar fashion, it could be said that every insurance ... Ryan Specialty Group to Buy Lloyd’s Insurer Jubilee Chicago-based insurance holding company Ryan Specialty Group, LLC (RSG) has agreed to acquire specialist Lloyd's insurer Jubilee Group ... Intellectual Property Insurance: Coverage that Fits the Risk Many companies are unaware that the insurance they purchase may not protect their most valuable assets, intellectual property (IP). That's... More National News East New York Bill Takes Aim at Boating While Intoxicated New York's Senate wants everyone convicted of boating while intoxicated to earn a safety certificate before they could operate a boat ... Son’s Suicide Prompts Connecticut Father to Sue Town The father of a Montville, Connecticut high school sophomore who killed himself has filed a notice that he intends to sue the town and the ... Vermont’s DUI Breath-Testing Program Under Fire A mistake in the software set-up on a breath analysis machine and whistleblowers' complaints about unethical lab work threaten dozens of ... Former Rhode Island Councilman Sentenced to 6 Years A federal judge has sentenced a former North Providence town councilman to just less than six years in prison after he and two other former ... More East News 25% to 33% of These Business Never Reopen NFPA statistics indicate that 115,000 - 130,000 business-related structures suffer fire damage every year. Many of these businesses never reopen, not because of the lack of property insurance but due to the lack of or improperly designed business income protection. This 5-Part live-training series is packed with information that Independent Agents can't afford to miss. Learn more and reserve your seat today! (save $100 when you register today!) Midwest Cincinnati Financial Estimates April Storm Losses of $150M – $200M Cincinnati Financial Corp. expects its property casualty group to see pre-tax catastrophe losses, net of reinsurance, of $150 million to ... Army: July Earliest Date for Birds Point Levee Damage Assessment to Begin The Army has informed members of Missouri's congressional delegation that while restoration of the land behind the Birds Point Levee is a ... Missouri Employers Mutual Puts CEO Wilson on Leave Missouri Employers Mutual Insurance Co. has put its president and CEO, former Gov. Roger Wilson, on administrative leave. Board Chairman ... Chicago Apartment Buildings Can Get Funds to Go Smoke-Free Owners of apartment buildings and other multi-unit residences in Chicago are getting an incentive to go smoke-free. The Chicago Tobacco ... More Midwest News Southeast April’s Tornadoes Destroyed, Damaged 14,000 Alabama Homes The swarm of tornadoes that killed more than 230 people across Alabama last month destroyed or heavily damaged more than 13,000 homes ... West Virginia Insurance Commissioner Cline to Retire West Virginia Insurance Commissioner Jane L. Cline will retire after 10 years on the job. Gov. Earl Ray Tomblin said Cline's retirement ... Florida Hurricane Fund Gets More Time on Claims The Florida Hurricane Catastrophe Fund has been given more time to respond to an influx of claims from 2005 storms. A state panel chaired ... More Southeast News South Central Oklahoma Senate Approves Massive Late-Session Work Comp Bill The Oklahoma Senate has approved a more than 200-page bill that completely overhauls Oklahoma's workers' compensation laws. The ... Agents’ Group Gives $100K to Texas Volunteer Fire Departments Independent Insurance Agents of Texas (IIAT) and its Trusted Choice agents are donating more than $100,000 to the State Firemen's and ... Hub International Acquires Texas-based The Transportation Group Hub International Limited (Hub) has acquired The Transportation Group, LTD (TTG), a Dallas and Houston, Texas-based brokerage firm that ... More South Central News West Nevada Malpractice Bill Hearing Met With Opposition Supporters said that a Nevada bill allowing lawyers to correct clerical errors in malpractice lawsuits would be a saving grace for victims, ... Arrowhead General Insurance Acquires Trafalgar Marine Arrowhead General Insurance Agency Inc. has completed its acquisition of Trafalgar Marine Insurance Services Inc. Terms of the transaction ... Golden Gate Underwriters Association Names New Officers The Chartered Property Casualty Underwriters Society Golden Gate Chapter has named its 2011 officers and board members. They are: President ... More West News International Tensions between Air France, Airbus Erupt in Crash Investigation A row has erupted between Air France and Airbus as pressure grows to explain the 2009 Rio-Paris plane crash using data recovered from black ... U.S. Chamber of Commerce President Reaffirms Support for Ireland Ireland has been much in the news recently, and not just for its economic woes. The visit by the UK's Queen Elizabeth II, the first by a ... Lloyd’s Ark Syndicate Moves to “All in One” Electronic Claims processing Slowly, but surely the electronic revolution is gaining ground at Lloyd's and throughout the London market generally. Ark Syndicate ... Hong Kong Stock Exchange Approves Listing of Guernsey Companies Guernsey has received the green light for its companies to list on the Hong Kong Stock Exchange (HKEx). The Exchange's Listing Committee ... More International News Discover How Simple Business Income Coverage Really is During this Five-part Web Training Series What You'll Learn: How unimportant coinsurance really is; How to coordinate BI coverage with other exposures; An understanding of the non-coinsurance options and when they should/could be used Learn more and reserve your seat today! (save $100 when you register today!) 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 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 Agency Management System Posted: Thu May 19 -- This is a great thread to read, particularly when you've been demoed numerous systems and been inundated with integration specialists and... scotp (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 4-H & FFA group Posted: Wed May 18 -- Prior to my putting a total package with regional insurer West Bend for our local Extension Council, the only standard market offering a GL... BKCPCU "Pay As You Go" Work Comp Posted: Wed May 18 -- I have worked with a couple of WC carriers that offers the pay as you go feature and my client loved it. It means that they are paying @... saabins how should i compensate my producers? Posted: Tue May 17 -- If you're going to be in business... be in business. there is nothing worse than the agent that wants to grow the book but is unwilling to... wlunday Incentives for Clients Posted: Tue May 17 -- Why don't you try offering something of real value like risk management, loss control consultation, perhaps a plan that will pay dividends... wlunday PA - Log Home with Farm Animals Posted: Tue May 17 -- I'd look at some of the preferred carrier commercial farm policies. I would quote this with Safeco (Liberty Mutual) if it was out west...... wlunday Business Networking Posted: Tue May 17 -- I belong to BNI, which is a referral group and it works very well. Our goal is to build relationships to refer business to each other. Also,... dukekneeland Philadelphia Insurance Company Posted: Tue May 17 -- Philadelphia Insurance Companies is a member of the Tokio Marine Group, which is the 4th largest insurer (???) in the world. You may check... RKunz2 Go to Forums Reader Comments 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... Sarah 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... 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