Daily Headlines: Friday, June 3, 2011

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June 3, 2011 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Actuaries Urged to Get Involved in Insurers’ Social Media Strategies Actuaries are being urged to lend their expertise as insurers get more involved in using social media tools to connect with policyholders ... Risk of Cyber Attacks Escalation Rises as Technology Outpaces Policy From the satellite pictures on Google Earth, Jinan looks like any other Chinese city -- sprawling construction sites, massive factory ... Who Benefits from Privacy Breach Lawsuits? The hacking of a Sony Corp. customer database this spring has attracted class-action lawyers and consumers eager to cash in on the ... Best Revises Tower Group and Subs Outlook to Positive; Affirms Ratings A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating (FSR) of 'A-' (Excellent) and ... Ratings Recap: EMC, Penn Millers, FMH A.M. Best Co. has affirmed the financial strength rating (FSR) of 'A-' (Excellent) and issuer credit rating of "a-" of EMC Insurance ... Don’t Forget: Top 100 Independent Insurance Agencies Once again, Insurance Journal is on the search for leading privately-held property casualty independent agencies and brokerages for its ... AAIS Revises Personal Umbrella Forms to Address Cyber Bullying "Electronic aggression," sometimes called "cyber-bullying," is an excluded offense under newly revised personal umbrella policy forms being ... The Hartford Launches Auto, Home Program For Sierra Club Members The Hartford will now provide the Sierra Club's 1.4 million members and supporters with access to its auto and home insurance through a ... MarketScout Expands Personal Lines Underwriting Capability MarketScout, a Dallas-based electronic insurance exchange with managing general agent (MGA) and wholesale operations, has expanded its ... Florida Reinsurance Renewals Reflect Unsettled Market: Guy Carpenter The Florida reinsurance renewals on June 1, 2011, experienced a wide range of outcomes, as substantial catastrophe losses combined with two ... New Package Policy Simplifies Coverage for Financial Institutions A new product from Bankers Insurance Services and Insurmark is making it less complicated for financial institutions that own or service... More National News East New Jersey Court: Drunk Driver Can Sue Bar that Served Him New Jersey's Supreme Court has ruled a convicted drunken driver has the right to sue the bar that served him. Wednesday's 5-2 ruling stems ... Massachusetts Digs out After Deadly Tornadoes Residents of 19 small communities in central and western Massachusetts were left to deal with widespread damage this week, after at least ... Virginia Regulators Urge Homeowners to Check Coverage Virginia regulators are urging homeowners to review their insurance policies with the start of hurricane season this week. The State ... More East News Midwest 9,000 Claims Already Filed for Cars Lost in Joplin, Missouri Many Joplin, Mo., residents are trying to figure out how to recover from the devastating tornado with no means of transportation. City ... Insurer Group Says More Workers' Comp Reform Needed in Illinois Illinois Gov. Pat Quinn plans to sign a major overhaul of Illinois workers' compensation system that he said will mean "significant ... Wife of Slain Missouri Insurance Salesman Faces Charges The widow of a western Missouri insurance salesman who was shot to death in his office is now charged with conspiracy to commit murder. ... More Midwest News Southeast North Carolina House Backs Liability Protections for Drug Makers The North Carolina House has voted to give pharmaceutical companies sweeping product liability protections as part of a larger Republican ... Alabama City Faces Equipment Replacement Costs After Tornado Officials in Tuscaloosa, Alabama say it will cost about $1.3 million to replace 47 vehicles and other pieces of equipment that were ... More Southeast News South Central As Arkansas Floods Recede, Counties Cope With Damage As the rivers running through eastern Arkansas start to recede, residents and farmers are beginning to cope with the aftermath of ... Judge: No Reduction in Fine, Restitution in Louisiana Man’s Death A federal judge has declined to reduce the $1 million fine and $2 million in restitution he ordered paid by a Colorado company that ... May 24 Oklahoma Tornado Upgraded to EF-5 The National Weather Service has upgraded a tornado that tore through central Oklahoma on May 24 to EF-5, the highest rating given to ... More South Central News West Former Calif. Deputy Insurance Commissioner Gary A. Hernandez Passes Former California Deputy Insurance Commissioner Gary A. Hernandez, has died as the result of a pulmonary embolism, the state Department of ... Abram Interstate Insurance Names Donahue Account Manager Abram Interstate Insurance Services has named Rebecca Donahue an account manager to be based in the company's Rocklin, Calif., office. She ... Nevada OSHA Encourages Employers to Ban Texting While Driving The Nevada Occupational Health & Safety Section (OSHA) of the Division of Industrial Relations is hoping to stop one of the most ... TKg Appoints Senescu Assistant VP TKg has appointed David Senescu assistant vice president, casualty broker, in tKg's Southern California office in La Quinta. In this ... Eight Wildfires Burn in Arizona, Evacuations Ordered Arizona is currently ablaze with eight wildfires burning thousands of acres of land and property and causing evacuations from some areas, ... More West News International Europe’s Lethal E.coli Strain May be Deadliest Yet More than 1,600 people have been infected by a toxic strain of E.coli bacteria that has killed at least 17 and may be the deadliest yet in ... Hackers Attack Another Sony Network; Post Data on 1 Million Users Hackers broke into Sony Corp.'s computer networks and accessed the information of more than 1 million customers to show the vulnerability ... Living with Solvency II; A Top Regulator Gives His Views Solvency II, the European Union's imminent imposition of new and more sophisticated risk based regulation of its insurers, may not be the ... Aviva Hires Friends Provident ex-CEO Matthews for UK Unit British insurer Aviva Plc on Thursday named highly-regarded industry veteran Trevor Matthews as head of its UK division, replacing Mark ... Bain Joins UK’s Miller from Marsh UK broker Miller Insurance Services announced that it has appointed Samantha Bain to "further strengthen its major UK and European ... More International News 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 Agents Battle MLR Rules The sweeping federal health care reform law enacted last year is having a major bottom line... Watch Now Interstate Compacts? Forget About Them In preparation for new surplus lines regulations, states are considering whether to join a... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Auto driven on a racetrack - NY PAP excludes Posted: Thu Jun 2 -- Try Lockton Affinity's HPDE program. I believe they released an ala carte product a year or so ago for track day and driving school events... brydo Policies written through E&S markets--Florida Posted: Thu Jun 2 -- Any evidence of coverage (Dec's, certs etc) issued by a producing agent pursuant to this section must include the name and address of the... TheInsKid Warehouse Legal Liability for CA Moving and Storage Company Posted: Wed Jun 1 -- Hanover has a program for Moving and Storage Companies... a01 Ethical Problem - Please help! Posted: Wed Jun 1 -- Somewhere in the program is a transaction file. Find the approximate date the file was deleted, it will be shown in the transaction file. To... CSP Peo And Employee Leasing Companies? Posted: Wed Jun 1 -- I agree also with your information. It's very nice that someone explains what is employee leasing. It makes me understand employee leasing... offshoreleased National Agents Alliance? Legit or Keep Away? Posted: Wed Jun 1 -- Slushpuppyking - "I could be way off because I've never worked in the industry..." I would have to agree. (no offense) The industry provides... pontiac ..a complicate package prospect question!.. Posted: Tue May 31 -- You sound like you're new to the business. When you're in the early stages of your career selling insurance, everyone looks like a prospect,... d's insurance store Healthcare Reform Posted: Sat May 28 -- There's always a buzz on Health care reform. Recently, Obama made changes on Medicare and then signed the CLASS Act to lessen the dependence... carefree Restaurants in CA Posted: Fri May 27 -- We can quote most restaurants that are under 40% Liquor sales and do not have live entertainment or dancing. Please give me a call at (760)... glenndanapt Go to Forums Reader Comments Drunk, Joyriding Husband Covered by Insurance in Michigan for Crash Posted: Sun May 29 -- No, an adult should be responsible for their own actions. The policy clearly states he is an excluded driver. If he gets drunk, then takes... Former Status Quo Drunk, Joyriding Husband Covered by Insurance in Michigan for Crash Posted: Fri May 27 -- I think this is a bad decision -- the guy should be prosecuted for stealing the car as well as being held personnally responsible for the... hmmmmm Insurance Company Says Tennessee Gay Couple Burned Own Home Posted: Tue May 31 -- Mike, I see your point. If we are considering this plain old arson, no need to mention sexual orientation. But if we are considering this a... Frankie States Hit Hardest by Recent Tornadoes Among Least Insured Posted: Fri May 27 -- Do we really need to educate people that they need HO insurance? I understand that there may be circumstances where this happens but I would... don't mean to be insensitive Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue AAMGA Issue, Salute to Super Regionals, Premium Finance Directory More Newsletters Choose Newsletters Daily Headlines Weekly Reader Picks Magazine Update Insurance Journal TV Classifieds Breaking News MyNewMarkets Daily Claims Daily Enter Your E-mail Market Directories Excess & Surplus Markets Programs Workers' Comp Markets New Insurance Jobs Sr. Product Development Manager Sr. Product Development Analyst Commercial Account Manager Have a job opening? List it on our Web site. 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. 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