Daily Headlines: Friday, June 17, 2011

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June 17, 2011 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Another Insurer, State Farm, Reports Major Spring Storm Losses State Farm claim representatives said it has paid nearly $1.75 billion to its customers from the destructive storms of April and May. The ... Average Long Term Care Liability Claim Rising: Aon Study Long term care liability costs are rising because the average claim size is increasing even as claim frequency declines. There has been a ... Individuals, Not Just Corporations, Face Cyber Risks While the big news is about hacks into the CIA's and Senate's public websites, Citigroup and Lockheed Martin, tens of thousands of people ... Best Revises Liberty Mutual Holding and Subs Outlook to Stable A.M. Best Co. has revised the outlook to stable from negative and affirmed the financial strength ratings (FSR) of 'A' (Excellent) and ... How Much Is a Dad Worth? Fathers with day jobs would be paid about $34,000 while stay-at-home dads would earn about $60,000 a year, if being a dad came with a ... Best Affirms ProAssurance and Members Ratings; Revises ICR to Positive A.M. Best Co. has revised the outlook to positive from stable and affirmed the issuer credit ratings (ICR) of "a" of ProAssurance Group ... Guidelines to Limit an Agency's Risks in Social Media Social media has become a powerful way for members of the insurance community to communicate with clients, prospects, referral sources,... More National News East Vermont Opens Loan Program for Flood-Damaged Businesses Vermont businesses damaged by recent flooding are now eligible for an emergency low-interest loan program approved by Gov. Peter Shumlin ... Rhode Island City Seeks Reimbursement for Historic Mill Fire Costs Woonsocket, R.I. is seeking reimbursement for part of the cost of fighting a massive fire that destroyed the historic Alice Mill building ... Virginia Governor Signs School Safety Legislation Virginia Gov. Bob McDonnell has signed legislation designed to improve school safety. The new laws signed Tuesday make it illegal for sex ... ReSource Intermediaries Names McGlinn Senior Associate ReSource Intermediaries Francis (Mike) McGlinn as senior associate. New York-based ReSource is a full service reinsurance broker and part ... Coast Guard Urges Boating Safety After 9 Deaths Coast Guard officials are urging boaters to keep safety in mind following nine deaths in two weeks in the Mid-Atlantic. The Coast Guard ... More East News Midwest Missouri Grand Jury Indicts Former US Fidelis Owners The brothers who formerly owned one of the nation's top marketers of auto service contracts have been indicted on charges that include ... Agency Proposes Levee Fixes in Southwestern Illinois The agency tasked with improving Mississippi River levees in southwestern Illinois says it has a five-year, $161 million plan to get the ... More Midwest News Southeast Homeowners Insurance Assessments Haunt Florida's Citizens, Officials Two weeks into a new hurricane season, Florida officials are continuing to express their concerns over possible policyholder assessments by ... Florida Drought Conditions Match Devastating 1998 Wildfire Season Agriculture Commissioner Adam Putnam said drought conditions are the same as in 1998 when wildfires devastated Florida. Putnam told Gov. ... West Virginia Reports State Agencies’ Workers’ Compensation Data State figures show the West Virginia Department of Military Affairs and Public Safety had the worst workers' compensation record among ... South Carolina Lawmakers Agree on Copper Theft Bill A South Carolina bill designed to curb thieves from ripping copper from air-conditioning units and farm irrigation systems is heading to ... More Southeast News South Central Texas House Approves Windstorm Insurance Changes The Texas House approved widespread changes on June 15 to the Texas Windstorm Insurance Association, the organization that insures people ... Louisiana Bill Would Help Families of Murdered Investigators A week after two unarmed Louisiana insurance fraud investigators were shot and killed while looking into a case, state lawmakers are ... More South Central News West Calif. Appeals Court Declines to Review Workers’ Comp Decision Fifth District Court of Appeal in California has refused to review the Workers' Compensation Appeals Board's(WCAB) en banc decision in ... Surplus Lines Sea Change: Calif.’s AB 315 California is expected to pass surplus lines regulations before July 21, 2011. On that date, the Nonadmitted and Reinsurance Reform Act of ... Calif. Temporary Total Disability Rates to Increase As predicted by the California Workers' Compensation Institute, the temporary total disability rate in California for 2012 will increase ... Schreter Joins Bolton & Co. Pasadena, Calif.-based insurance broker Bolton & Co., has named Jonathan Schreter assistant vice president in the Property & ... More West News International Eqecat Defends Latest New Zealand Quake Loss Estimate Catastrophe modeler Eqecat released a defense of its loss estimate of $3 billion to $5 billion for Monday's Christchurch earthquake, saying ... Willis' Plumeri Cites ‘BRIC Growth’ as Potential Insurance ‘Golden Age’ Joe Plumeri, Chairman and CEO of Willis Group Holdings, told delegates at the Insurance Day Conference in Bermuda that the insurance ... ACE Names Farid Eid Filho Country President for Brazil The ACE Group of insurance and reinsurance companies has appointed Farid Eid Filho as  Country President for ACE Brazil. He will be in ... Everest Re Names Addesso President; Doucette Chief Underwriting Officer The Bermuda-based Everest Re Group announced that Dominic J. Addesso has been promoted to President. He joined Everest two years ago as ... New Zealand Quakes Drive Insurance Market Changes A string of earthquakes in New Zealand is sending tremors through the global insurance market with some companies delaying underwriting ... More International News Join the Insurance Journal Network Insurance Journal TV Consolidation Nation The big state agency that oversees insurance producers in New York State will soon become a... Watch Now Markets in Motion: Medi-Spa The anti-aging market has become more sophisticated, more profitable and more risky. From... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Astonish Results or Squid Posted: Thu Jun 16 -- Does anyone know roughly how much it costs to implement and maintain an Astonish Results product? sankykid Has technology helped you downsize your office? Posted: Thu Jun 16 -- there is no hard and fast rul but the agency management experts say you should keep hardcopy files for 7 years then you can shred them as... ewguva SEO and buying back links Posted: Thu Jun 16 -- Mr. McPeake...if you're going to pitch a product as an affiliate marketer and try and make money here on a public forum, at least have the... d's insurance store Aviation carriers and MGAs Posted: Thu Jun 16 -- What state? Feel free to call me at 800 725 7211 x3102 Best, Brandon Brandon Goodin MJ Kelly of Iowa barty bus limo In CA Posted: Thu Jun 16 -- Hello: I insure a party bus operation here in Houston, Texas and might be able to provide you some valuable information or assist you. If... Hirschinsurance National Agents Alliance? Legit or Keep Away? Posted: Wed Jun 15 -- I've been licensed in Life, Health and Variable in Ohio for 8 months now, all with the same Fortune 500 company, and I've made money in the... BriceNaylor Virginia Property and Casualty HELP!!!!!! Posted: Tue Jun 14 -- There is no quick fix. Sign up for the test, and see if you pass. perhaps enough has sunk in...but probably not. jtownagent Condo Associations Posted: Sun Jun 12 -- Usually Travelers is the best for that risk in Ca, I have found. jack1978 Ethical Problem - Please help! Posted: Wed Jun 8 -- CSP is correct. We had an ex-employee get into our computer system, delete her file and then claim that we never paid her vacation pay. Our... justthere Go to Forums Reader Comments Tennessee Jury Awards $200K in Sexual Bullying Case Posted: Mon Jun 13 -- The behavior decribedin this article goes far beyond "bullying." The boys who engaged in this behavior need professional intervention, so... Erzy Massachusetts Family Sues Following Boy's Escalator Death Posted: Fri Jun 10 -- The "gap" is irrelevant. The root cause is parental negligence and the parents should be charged. Nobody should allow a 4 year old child to... Jester Florida Homeowners to Share $55 Million in Chinese Drywall Settlement Posted: Tue Jun 14 -- Interesting how a US company gets sued, a German company might be getting sued and probably will, but the makers of the drywall, China,... Baxtor Houston Jury Finds for Insurer in $22M Hail Damage Lawsuit Posted: Wed Jun 15 -- I'm pleased to see that the plaintiff's had to pay the insurance company's legal bill. This could stop a lot of litigation. 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