May 11, 2011

Daily Headlines: Wednesday, May 11, 2011

Sponsored by: Philadelphia Insurance Companies. Management & Professional Liability, 24-hr Turnaround - Next Day Policy Delivery, You're Covered. Click here for more information.
Insurance Journal Daily Headlines
May 11, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

AIG, U.S. Treasury to Sell Nearly $9 Billion in Stock

American International Group and the U.S. Treasury said Wednesday they will sell just under $9 billion in AIG stock, suggesting the ...

Wal-Mart Facing Job Bias Suit from Fired Cuban Warehouse Workers

Former Wal-Mart Stores Inc. warehouse workers of Cuban origin may pursue a lawsuit accusing the world's largest retailer of discrimination, ...

Surety & Fidelity Association Elects Chubb’s Vispoli as Chair

The Surety & Fidelity Association of America has elected Tracey Vispoli, senior vice president, Chubb Group of Insurance Companies, as ...

Ironshore Increases Iron-Starr Financial Lines Capacity to $25 Million

Ironshore Inc. has increased capacity to $25 million for the financial lines division of Iron-Starr Excess Agency, Ltd. The limit increase ...

BOLT Insurance Agency to Distribute Zurich Small Business Products

Business Owners Liability Team (BOLT Insurance Agency) has signed an agreement with Zurich Small Business to distribute its small ...

Top 10 States for Dog Bite Claims

State Farm Insurance Co. has released its top 10 states for claims involving dog bites, with California on top in number of claims and ...

Federal Appeals Court Questions Virginia Challenge to Healthcare Law

A U.S. appeals court Tuesday sharply questioned whether the state of Virginia could challenge President Barack Obama's signature healthcare ...

AIG Shares Fall Further, Put Pressure on Treasury

Later this month investors will get a chance to buy into the revived American International Group, but dreams of a blockbuster sale have ...

Caputo, Former Citi Exec and Clinton Aide, Joins Travelers

Lisa Caputo is joining The Travelers Companies, Inc. as executive vice president for marketing and communications on June 1. Caputo joins ...

From MyNewMarkets.com Awareness of Cyber Liabilities Increasing but Agent Education is Key to Selling Policies

New cyber liability products and players continue to flood this already oversaturated market, but the real question is: is anyone buying...
Sponsored today by: NSM Insurance Group. Builders Risk...It's so easy. Click here for more info.
East

Investigators Probe Fatal New York Plane Collision

Federal aviation safety investigators are in a densely wooded area in upstate New York where two small planes collided and crashed after ...

Bus, Taxi Drivers Targeted in Ongoing New York Crackdown

The latest and broadest sting in a crackdown on commercial drivers that has ensnared 173 of them since a deadly March tour bus crash has ...

Man Arrested for Setting 14 Fires in Pennsylvania

A man wanted for setting more than a dozen fires in central Pennsylvania has been arrested in Ohio. Lancaster police say 31-year-old ...

Virginia Farm Bureau Acquires Countryway

Virginia Farm Bureau Mutual Insurance Co. has acquired New York-based  Countryway Insurance Co. Countryway has premiums in excess of $33 ...
THURSDAY: New training series from Academy of Insurance: INSURING CONDOMINIUMS. Click for more info.
Midwest

Goose Crashes Through Car Windshield on Michigan Driver

A 12-pound Canada goose crashed through the windshield of a sport utility vehicle as a woman drove on the highway in Bay County. Williams ...

Pint Joins Moores Insurance Management in St. Paul

Brad Pint has joined St. Paul, Minn.-based Moores Insurance Management Inc. as risk manager. This is a newly created position, reflecting ...

Accident Fund Holdings CEO Receives ‘Champion of Hope’ Award

Elizabeth R. Haar, president and CEO of Accident Fund Holdings Inc., was recently honored by the National Kidney Foundation of Michigan ...

Issuer Credit Ratings of Dakota Group and Members Upgraded

A.M. Best Co. has upgraded the issuer credit ratings (ICR) to "bbb+" from "bbb" and affirmed the financial strength rating (FSR) of ...

State Farm to Close Offices in Illinois, Indiana, Michigan

State Farm plans to close two dozen field offices in Illinois, Indiana and Michigan where 1,300 people work to save $8 million over the ...
Southeast

North Carolina Subsidy for Firefighters’ Workers’ Comp in Jeopardy

Facing a tight state budget, North Carolina's lawmakers are reconsidering the state's financial commitment to a workers' compensation ...

Tennessee House Passes Bill Limiting Lawsuit Damages

The Tennessee House this week approved Republican Gov. Bill Haslam's measure to place limits on payouts from successful lawsuits. The ...

Alabama Insurers Receiving Steady Stream of Storm Claims

Alabama residents who suffered severe losses due to a series of storms that swept through the Southeast last month have already filed over ...

North Carolina Exempts Adults from ATV Safety Rules

A bill exempting adult drivers of all-terrain vehicles from helmet and eye protection requirements while riding on private property has ...

Wholesaler All Risks Expands Orlando Branch; Names Deising Manager

Wholesale insurance broker All Risks, Ltd. reports that Don Deising has been hired to lead its Orlando, Florida operation as branch manager ...

Alabama Offices to Replace Drivers’ Licenses Lost in Tornadoes

The state Department of Public Safety is opening offices in Tuscaloosa and Birmingham to help Alabamians whose driver's licenses and ...
South Central

Louisiana Town Works to Save Economic Engine From Flood

They call it the Vidalia Riverfront a strip of land between the Mississippi River and the levee, with a park, walking trail, a camp ...

Louisiana Ag Chief Wants Disaster Designation for Spillway Opening

Louisiana Agriculture and Forestry Commissioner Mike Strain, D.V.M., is urging the United States Department of Agriculture Office of Risk ...

Workers' Compensation Injury Hotline Expands in Texas

Company Nurse, a nurse hotline for workplace injuries, has expanded its presence in Texas, adding account management staff to serve the ...
Sponsored today by: Catlin. We will go to the ends of the earth to provide you with great service. Click here for more info.
West

Distant Earthquakes Can Affect San Andreas Fault

Researchers examining the San Andreas Fault in central California have found evidence that distant earthquakes can trigger episodes of ...

Nevada Commissioner Blocks Fee on Risk Retention Groups

Nevada Insurance Commissioner Brett Barratt has rejected a proposal to impose fees on risk retention groups (RRGs) that the National Risk ...

Alaska Workplace Fatalities Down 42.5%

Alaska has seen a significant decrease in workplace fatalities down 42.5 percent from the previous decade according to the ...

Calif. Workers’ Comp Information Filing Being Reviewed

At its April 6, 2011 meeting, the Workers' Compensation Insurance Rating Bureau of California's Governing Committee directed the WCIRB to ...

Barney & Barney Adds Grant in Technology Practice

Barney & Barney has added Michael Grant to the Commercial Division of its Orange County, Calif., office. Grant, who will serve as a ...

California Leads Nation in Dog Bite Claims, State Farm Says

California leads the nation in the number of claims made and paid out by State Farm Insurance for dog bites, according to the Bloomington, ...
Sponsored by: Arrowhead General Insurance Agency. It's a beautiful day for a ride. It's a beautiful day to Quote Moto. Click here for more information.
International

Chevron, Ecuadoreans Spar over Halted Damage Award

Lawyers for Ecuadorean villagers who sued Chevron Corp over pollution in the Amazon rain forest asked a U.S. appeals panel Tuesday to ...

Changes on the Playing Field; P&C Insurers Question Impact of New Regulations

The European insurance industry is becoming increasingly aware that the Solvency II regulations, which are scheduled to take effect as of ...

Japan Aims for Tepco Compensation Scheme this Week

Japan's trade minister said he was aiming for cabinet approval this week of a government-backed scheme to help Tokyo Electric Power pay for ...

New Products Catlin Select and Catlin Online to Launch at BIBA Conference

Catlin UK, part of the Catlin Group Limited, plans to unveil a new suite of products aimed specifically at UK brokers at this week's BIBA ...

Cooper Gay to Form New Management Team for UK Non-Marine, Energy

Cooper Gay, the UK partner of Swett & Crawford, announced that it plans to form a new International management team for its non-marine ...
Sponsored Content
New intelligent dialer system helps agents make 5X more calls - Free Demo

Join the Insurance Journal Network

Twitter Facebook LinkedIn


Insurance Journal TV

Video thumbnail

Interstate Compacts? Forget About Them

In preparation for new surplus lines regulations, states are considering whether to join...
Video thumbnail

Will Deficit Debate Affect Flood Insurance? Taxes?

Following the November elections, Congress and the White House, as well as states, have signaled that...

TV icon Watch more videos at InsuranceJournal.tv

New Discussions in the Forums

Renewal call scripts
Posted: Wed May 11 -- I was wonder what you guys are saying when you call a P&C customer when there renewal is coming up? and trying to cross sell them... spokaneins
National Agents Alliance? Legit or Keep Away?
Posted: Wed May 11 -- i was with NAA for 2.5 years. Always a top producer but its all smoke and mirrors. Once you develop an area, leads get saturated and its... dont do it
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
Business Income - Rental Income
Posted: Tue May 10 -- A client of mine raised an interesting question, and I'm still unsure after reading the ISO BI form again. He has a commercial bldg that... wariline

Reader Comments

Brooke Insurance Franchise Executives Settle SEC Fraud Charges
Posted: Thu May 5 -- Massive fraud, ruined hundreds of franchisees, caused banks to fail,and they are just going to get a fine and be banned from holding certain... TxLady
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
Republicans Push to Repeal Healthcare Reform Funds
Posted: Wed May 4 -- I am one that does not want to be led to the traugh to eat. The BO's health care is the beginning of the end of America as we know it. BO... John
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

Current Issue

Current Issue
Workers' Comp. Report with Directory, Restaurants & Bars, Recreation & Leisure

More Newsletters

Choose Newsletters
Enter Your E-mail

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.
Insurance Journal
3570 Camino del Rio North, Suite 200
San Diego, CA 92108
(800) 897-9965
Copyright © 2011 by Wells Publishing, Inc.

No comments:

Post a Comment