Daily Headlines: Friday, August 12, 2011

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August 12, 2011 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Validus Sues Transatlantic; Offers Look at Books The three-way bidding war for reinsurer Transatlantic Holdings grew more complicated Thursday as hostile suitor Validus Holdings sued the ... First Responder Fees: Insurers Should Expect to Pay More While fee recovery by fire departments is nothing new, an increasing number of local municipalities have begun to charge for first ... Judge Likely to Give French Shoemaker’s ‘Red’ Trademark Claim the Boot In a court case that has all sides seeing red, a judge said this week that a French maker of luxury shoes worn by stars such as Sarah ... EPA Halts Sale of DuPont’s Imprelis Herbicide DuPont Co. was ordered by the U.S. Environmental Protection Agency Thursday to stop selling and recall its Imprelis herbicide, following ... Do Flat Premums in Q2 Signal Soft Market Is Near Bottom? Renewal premiums in the second quarter were essentially flat, suggesting that the soft commercial lines insurance market may be close to ... Martino Named President of Travelers Ocean Marine The Travelers Companies Inc. in Hartford has appointed Raymond T. Martino as the president of Ocean Marine. Martino is responsible for the ... Vertafore Realigns; Names Sonders Senior Executive, Drops 2 Others Insurance distribution technology vendor Vertafore has appointed Mark Sonders as senior vice president of sales and client services. ... Safe Driving Habits Pay Off for Consumers with Usage-Based Insurance Programs The driving habits of personal auto consumers are shaping the way carriers price coverage today. Those carriers providing usage-based... More National News East Judge Tosses Coffee Shop Defamation Claim Against N.Y. Times A Brooklyn judge has tossed out a defamation lawsuit against New York Times Co. brought by Gorilla Coffee, a coffee shop that has become a ... Maryland Hospital Settles Stent Claims for $1.8 Million The Peninsula Regional Medical Center in Salisbury, Maryland has agreed to settle allegations that it failed to take action to prevent ... More East News Midwest Man Gets $6.3 Million in Illinois Priest Abuse Case A nine-year legal fight by a man sexually abused by a priest in the 1970s is over, now that a southern Illinois diocese and its insurer ... Ia. Gov. Branstad Seeks Presidential Disaster Declaration Gov. Terry Branstad has asked President Barack Obama for a major disaster declaration or Dubuque and Jackson counties after storms dumped ... Ill. Governor Declares 3 Counties Disaster Areas Illinois Gov. Pat Quinn declared three counties disaster areas due to flooding last month that caused severe damage to homes, businesses ... More Midwest News Southeast South Carolina Law to Curb Copper Theft Takes Effect Next Week South Carolina law enforcement officers said they hope a new state law will cut down on thieves destroying air-conditioning units, farm ... Tennessee Still Cleaning Up After April’s Tornadoes The Rev. Bill Akers stood in a yard in Lookout Valley, pointing across a small valley at two stumps, gnarled remnants rising out of barren ... Arthur J. Gallagher Buys Alabama’s Robinson-Adams Arthur J. Gallagher & Co. has acquired insurance brokerage operations of Robinson-Adams Insurance Inc. in Birmingham, Alabama. Terms of ... Miss. Counties Declared Disasters from River Flooding Gov. Haley Barbour said several Mississippi counties that reported agricultural losses will be eligible for federal assistance in the ... More Southeast News South Central Ex – La. Bank Employee Pleads No Contest to Theft A former Hammond bank employee has pleaded no contest to a charge of felony theft in connection with the diversion of funds that should ... 6 Louisiana Parishes Designated Disasters State agriculture officials say six Louisiana parishes have been declared disaster areas because of the flooding of the Mississippi River ... Ark. Tornado Survivors Can Appeal Aid Decisions People in western Arkansas who were hit by tornadoes and storms might have been turned down for disaster aid on their first try. But ... La. Woman Pleads Guilty to Katrina Fraud A Hammond woman pleaded guilty to fraudulently obtaining nearly $8,000 in disaster assistance from the American Red Cross after Hurricane ... Texas State Low Cost Insurance Opens Greenville Location Texas State Low Cost Insurance announced it has opened a new office in Greenville, about 40 miles east of Dallas. The company offers a ... More South Central News West Flood Aid to Montana Reaches $2.4 Million The Federal Emergency Management Agency says it has so far approved $2.4 million in flood disaster aid in Montana. Unusually heavy rain and ... More West News International UK Insurers Welcome PM’s Pledge on Compensation Scheme The UK's insurance industry "has welcomed Prime Minister David Cameron's announcement that the Riot Act police compensation schemes will ... Chinese Bullet Train Maker Halts Some Production A Chinese bullet train manufacturer has halted some production while it investigates repeated breakdowns on the new Beijing-Shanghai line. ... Mitsui Sumitomo Appoints McDermott Syndicate 3210 Active Underwriter Non-life insurer Mitsui Sumitomo at Lloyd's has appointed Peter McDermott as active underwriter of its Lloyd's Syndicate 3210 with ... Best Affirms Infrassure’s ‘A-’ Ratings; Outlook Stable A.M. Best Co. has affirmed the financial strength ratings of 'A-' (Excellent) and the issuer credit ratings of "a-" of Swiss-based ... Ratings: Sunderland, Citadel Re, Alliance (Dubai), Oman Ins., SCRe (Morocco) A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of 'A-' (Excellent) and issuer credit rating of ... More International News Join the Insurance Journal Network Insurance Journal TV How New NRRA Regulations and California's AB315 Will Change the Surplus Lines Industry Jerry Sullivan, the head of the Sullivan Group, gives his views, largely positive, on how the... Watch Now 100 Agents in 100 Days Accident Insurance Co., a growing workers' compensation and small business insurer, is... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums National Agents Alliance? Legit or Keep Away? Posted: Fri Aug 12 -- Just to respond to the last post. I am the supportive role, my other half has not left me nor have they lost their friends. I'm sorry that... successisgreat how should i compensate my producers? Posted: Fri Aug 12 -- what would you all say is a solid book of business for a producer that has been in the business 4 years? i am in Mass. i am just curious on... Producer19 Direct mail Posted: Fri Aug 12 -- Direct mail advertising is very important in direct mailing and in internet marketing. I am new in this field and want to know about direct... Tomcleverley SEO and buying back links Posted: Fri Aug 12 -- Maybe you can do a survey on buying backlinks and emailed the support staff on the quality of their backlinks. markonel Farmers vs. Independent Posted: Thu Aug 11 -- JKolak, my .02 cents is do not waste your time with Farmers. I was an agent for them for over 10 years. They are a different company now... lonestar Broker of Agent Posted: Thu Aug 11 -- If the company has not accepted your Broker of Record letter, then you are not in any position to represent your client with respect to... Duke Study tips for the California Life Agent Exam Posted: Thu Aug 11 -- Hi, I just recently took the exam and passed it the first time. All i did was reading through the 52 hrs from prelicensetraining.com. The... mermaid408 Certificate Poll Posted: Thu Aug 11 -- Don't forget that you could be in violation of regulations too! In Ohio you would be in violation of the Insurance Code and subject to... INTLXS Agency Management Systems Posted: Tue Aug 9 -- Hello All, I will be honest this is a self plug! Check out IMS by Xanatek. We do two-way integration with EZ-Lynx. You can upload and... BSheppard Go to Forums Reader Comments Judge Allows Army Veteran to Sue Rumsfeld for Damages Over Torture Posted: Fri Aug 5 -- Gee.....detaining Citizens and denying them legal representation, refusing to acknowledgement their detainment to family members and... Cheri West Virginia Jury Awards $91.5 Million in Nursing Home Death Posted: Tue Aug 9 -- The award is absurd and should be appealed. Why should the family of an 87 year old woman hit the lottery with TAX FREE money? If they were... Jester Sovereign Debt Pressure Spreads to Insurers' Balance Sheets: A.M. Best Posted: Wed Aug 10 -- LOL... Lets get real, your feeling that the US is too big not to default has the assumption that we will do something different. As Albert... Sarah Second Court Allows Damages Suit Against Rumsfeld Over Alleged Torture Posted: Thu Aug 11 -- Thanks, Mr. Rumsfeld, for protecting and saving the lives of many Americans. History will be the judge. Realist S&P Takes Action on Insurance Groups Following U.S. Sovereign Downgrade Posted: Mon Aug 8 -- Thanks, Tea Party, what is your next act to drive the country into a Depression? Hey-Hey-Hey Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue Top 100 Retail Agencies, Homeowners & Condos, Autos 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 Professional Cyber Liability Broker Claims Adjuster Commercial Lines Assistant 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. 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