Daily Headlines: Thursday, June 9, 2011

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June 9, 2011 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National U.S. Urges Code of Conduct for Internet Commerce Companies using the Internet to do business should adhere to a code of conduct to reduce hacking and online theft, the U.S. Commerce ... Lawyers for Obama, 26 States Square Off Over Healthcare Law Lawyers for President Barack Obama and plaintiffs representing 26 states presented oral arguments Wednesday in an appeal over the ... Citi Says Hackers Accessed Bank Card Data in May Citigroup Inc. said computer hackers breached the bank's network and accessed the data of about 200,000 bank card holders in North America, ... Coal Industry Blasts New Federal Mine Safety Rules Coal industry officials this week roundly criticized two sets of new safety rules proposed by federal regulators following an explosion ... Private Equity Firm Buys Controlling Stake in Virginia’s Hilb Group A New York private investment firm has taken a controlling interest in Virginia-based insurance broker, The Hilb Group. BHMS Investments ... Judge Signals $32 Million Settlement in Wells Fargo Bias Suit A federal judge signaled that she would approve a settlement calling for Wells Fargo & Co. to pay $32 million to about 1,200 female ... Liberty Mutual’s Kelly Retires; Long Named President, CEO Liberty Mutual Group's Edmund F. Kelly, 65, will retire from active management of the company on June 28. David H. Long, 50, will replace ... Best Upgrades State Farm General Insurance Co.’s Ratings A.M. Best Co. has upgraded the financial strength rating (FSR) to 'A' (Excellent) from 'A-' (Excellent) and issuer credit rating (ICR) to ... Willis Appoints Jurss as SVP, Professional Liability for Construction Practice Willis North America named Keith Jurss as senior vice president, professional liability, Willis Construction Practice. In this role, Jurss ... K&K Insurance Restructures Martial Arts Program K&K Insurance, a managing general underwriter offering insurance products and services to the sports, leisure and entertainment ... 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... More National News East Homeowners Seek $90M for Massachusetts Tornado Damage Homeowners in western Massachusetts have filed $90 million in insurance claims for damage caused by deadly tornadoes that ravaged ... Active Hurricane Season Ups Risk for Mid-Atlantic As weather forecasters predict an above-normal number of hurricanes this season, chances also increase that one of the storms will hit the ... New Jersey Court Denies Blogger Shield Protection A blogger sued for defamation over comments posted on an Internet message board is not entitled to the same protections as a journalist, ... Boyd Named Regional Exec at ISU The ISU Agency Network has named Tim Boyd as its Northeast regional vice president. He will be responsible or regional membership growth, ... More East News How Do You Differentiate Your Insurance Agency? Join us for a free conference call this Friday June 10. This free call will fill up fast, so sign up today. Midwest Willis Commercial Network Appoints Marketing Leader for North America Willis North America, a unit of Willis Group Holdings, the global insurance broker with operations in Chicago, has appointed Jana Rucker as ... Ohio Revokes License of Non-Resident Insurance Agent Ohio insurance regulators have revoked the non-resident insurance agent license of Karen Sloan, who resides in Green Pond, N.J., for ... Chicago-based Insurance Association, State Farm Distribute $10K in Scholarships The Chicago chapter of the National African-American Insurance Association (NAAIA) announced that its Chicago corporate sponsor, State ... Feds: Last-Minute Insurance Purchases Won’t Cover Flood A federal official says people who bought flood insurance at the last minute after learning of plans to release record amounts of water ... More Midwest News Southeast North Carolina Delays Rate Hearing on Dwelling Fire, Extended Coverage Policies A public rate hearing on a proposed increase in North Carolina's dwelling fire and extended coverage policies has been delayed until July ... Argus Fire & Casualty Closes its Doors Some 9,000 Florida homeowners will have to seek coverage elsewhere after Argus Fire & Casualty Insurance agreed to cancel its ... Florida’s HomeWise Insurance Completes Merger with First Home HomeWise Insurance Co. and First Home Insurance Co. have completed their previously-announced merger. The two Florida domiciled companies, ... More Southeast News South Central Louisiana Regulators Reviewing Procedures Following Investigators’ Deaths Louisiana's chief insurance regulator said his agency is reviewing its policies and procedures for investigating fraud after two ... Texas House Committee OKs Changes to Windstorm Insurance Bill A Texas House of Representatives committee has approved big changes to the insurance authority that covers coastal properties for wind and ... The Woodlands Financial Group Adds 4 Branch Locations Texas-based The Woodlands Financial Group announced it is continuing to expand operations across the country with the opening of four new ... Oklahoma Contractor Charged With Fraud After Tornadoes An Oklahoma construction contractor has been charged with taking payments to repair roofs damaged by recent tornadoes and strong storms, ... More South Central News West Calif. Workers’ Comp Total Temporary Disability Rates to Increase New U.S. Department of Labor data shows California's State Average Weekly Wage (SAWW) rose more than 2.4% from $979.90 to $1003.55 in the ... Riverside County Approves Crash Tax The Riverside County, Calif., Board of Supervisors has voted 4 – 0 to charge at-fault drivers in auto accidents a fee for emergency ... More West News International Taiwan Conditionally Approves AIG’s Nan Shan Life Sale Taiwan's financial regulator gave conditional approval on Thursday to AIG's $2.2 billion sale of its Nan Shan Life insurance unit, bringing ... Adrian is First Hurricane of 2011 Pacific Season Tropical Storm Adrian strengthened to a hurricane off Mexico's Pacific coast, becoming the first hurricane of the 2011 Pacific season, the ... ACE Report Examines Potential Impact of Solvency II on Captives The ACE Group announced today the availability of a new report that identifies the potential impact of the European Union's Solvency II ... Ratings Roundup: Attorneys’ Liability, AMI Standard & Poor's Ratings Services has revised its outlook on Bermuda-based Attorneys' Liability Assurance Society (Bermuda) Ltd. and ... More International News Sponsored Content Atlantic Specialty Lines of Florida hires Shane Fowler, AAI, CLCS Clearwater, FL, 6/9/11 - Atlantic Specialty Lines, Inc. Shane joins ASL of FL handling placement of all lines of commercial coverage for ... More Sponsored Content Join the Insurance Journal Network Insurance Journal TV Markets in Motion: Medi-Spa The anti-aging market has become more sophisticated, more profitable and more risky. From... Watch Now Agents Battle MLR Rules The sweeping federal health care reform law enacted last year is having a major bottom line... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums 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 ..a complicate package prospect question!.. Posted: Tue Jun 7 -- Hi D's Insurance Store: Thank you so much for your suggestion. I did remember once my colleague taught me about it; It is that sometimes you... roycheong1031 National Agents Alliance? Legit or Keep Away? Posted: Tue Jun 7 -- "Danlman- A true professional WILL inform the customer and pass on business when he/she cannot help instead of force... AFVetGrrl84 Innovative Insurance Product (PA) Posted: Mon Jun 6 -- I represent the inventor of an innovative insurance based business method, patent pending, involving the purchase of real estate. My client... garyashapiro 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 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 Go to Forums Reader Comments New Jersey Court: Drunk Driver Can Sue Bar that Served Him Posted: Fri Jun 3 -- It's a shame that people cannot take responsibility for their own actions and have to sue an establishment because they have no self... Nancy Pennsylvania Woman's Lawsuit Claims Dunkin' Brew is Too Sweet Posted: Tue Jun 7 -- Call me cynical, but the moment I read "the resulting difficulties have deprived Jordan of her usual customary duties, activities,... 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