Daily Headlines: Monday, August 1, 2011

Contact us | Subscribe | Send to a Friend

August 1, 2011 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National SEC Seeks More Disclosure by AIG on Credit Ratings The U.S. Securities and Exchange Commission has asked insurer American International Group (AIG) to provide more disclosure about how and ... Large Investors Sue Bank of America Bank of America Corp. was sued by 15 former Countrywide Financial Corp. institutional investors who said they lost money after being misled ... Bank of America Loses Bid to Dismiss Fraud Claims Bank of America and two former executives lost a bid on Friday to dismiss securities fraud claims alleging they misled investors about the ... Allstate Reports High Catastrophe Losses, Increased Revenues for Q2 Allstate Corp. reported improved underlying profitability across all business lines for the second quarter quarter, but those gains were ... U.S. Upgrades Safety Probe of Ford, Mercury Models U.S. safety regulators have upgraded an investigation into consumer complaints that 2010 model year Ford Fusion and Mercury Milan cars may ... Travelers Builds Marine Construction Program for Contractors Travelers has developed a new marine construction program for construction contractors working with both the marine and non-marine ... XL Insurance, All Risks Form Underwriting Agreement for Open Lot Dealers Program XL Insurance, the global insurance underwriting operations of XL Group and All Risks, Ltd., have formed a new joint underwriting agreement ... Ryan Specialty Brings Additional Capacity, Expertise to Renewable Energy Segment Ryan Specialty's new managing general agency, Power.Energy.Risk, or PER Se, will focus on renewable energy risks and while the company may... More National News East Maryland Casino Construction Site Collapse Kills Worker Anne Arundel County officials say one construction worker was killed and another was injured when a 30-foot wall collapsed at the site of a ... Former N.Y. Official Admits Guilt in Hamptons Fraud A former New York lawmaker convicted of insurance fraud earlier this year has pleaded guilty in a separate multimillion-dollar mortgage ... More East News Midwest Michigan Court Upholds House Demolition The Michigan Supreme Court has granted Flint's request to dismiss a lawsuit by a man who claims he wasn't notified before his home was ... Disaster Declarations Expand in Midwest President Barack Obama has declared a major disaster in Minnesota after severe storms, tornadoes and flooding in July. The President also ... Missouri Lawyers Challenge Legalzoom’s Service A federal class-action civil suit in Missouri against a California-based vendor of online legal documents raises the question of whether ... More Midwest News Southeast Alabama City Reaches Settlement with Injured Off-Duty Cop A workers' compensation case between an off-duty police officer and the city of Montgomery, Alabama has been dismissed after the officer ... More Southeast News South Central Texas Hoped for Rain but Downgraded Don Disappoints "Don is dead. The cyclone literally evaporated over Texas about as fast as I have ever seen without mountains involved." That ... Hurricane Recovery Jobs Remain in Louisiana as Funding Drops Louisiana is winding down its hurricane recovery programs, but Gov. Bobby Jindal's administration hasn't cut much of the staff assigned to ... 20 in South Texas Plead Guilty to Insurance Fraud Federal authorities say 20 South Texas residents have been convicted for their roles in a scheme to defraud the American Family Life ... More South Central News West Montana Supreme Court Rules in Aluminum Baseball Bat Case The Montana Supreme Court has awarded $850,000 to the family of a 18-year-old pitcher who was killed by a baseball hit off an aluminum bat. ... Nevada Insurance Commissioner Resigns Nevada's State Business & Industry Director Terry Johnson today announced that two agencies within his department will see a change in ... California Insurance Investments in Underserved Areas Improves California Insurance Commissioner Dave Jones announced today that since he took office in January, insurance companies and other investors ... Oregon Town Passes Bond Measure to Save on Flood Insurance The levee system along the Walla Walla River is badly in need of repair in one Eastern Oregon town, costing ... Colorado Issues Workers’ Comp Audit Guidelines The Colorado Division of Insurance this week issued a bulletin directed at insurers that conduct workers' compensation audits. Bulletin ... Two Big Southern California Agencies Merge Two independent insurance brokers announced today they are joining forces to become one of the largest insurance brokerages in Los Angeles ... More West News International Validus Urges Transatlantic Talk About Takeover Offer Reinsurer Validus Holdings Ltd . Sunday urged target Transatlantic Holdings Inc to enter into discussions over its proposed takeover and ... Validus Touts ‘Superior Proposal’ for Transatlantic; Allied Says It's a Done Deal There seems to be a slight divergence of views between Validus Holdings and Allied World over the current status of their respective ... Ratings Recap: ECIC, Century (Guam), Al Fajer Re A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of 'A-' (Excellent) and issuer credit rating of ... More International News Sponsored Content NetRate Systems Introduces Businessowners Rate-Issue System for MGA's and Carriers Okemos, MI   August 1, 2011 -  NetRate Systems, Inc. (Okemos, MI), a leading supplier of ISO® Commercial Lines Rating software for ... 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 100 Agents in 100 Days Accident Insurance Co., a growing workers' compensation and small business insurer, is... Watch Now Growing Opportunities for Insurance Industry's Women Although men still outnumber women in the property/casualty insurance industry, there are many... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Agency Management Systems Posted: Mon Aug 1 -- I noticed on the Eclipse website that their latest Windows operating system they mention is XP! Wow! Sure ...... Observer561 In search of separate Umbrella for standard carrier policies Posted: Sat Jul 30 -- Hi all: Currently working on one of the insured's auto and Rental property together, the only catch is that it can't comes with personal... roycheong1031 Dental Plan or Dental Insurance Posted: Sat Jul 30 -- Can all dentists use sedation techniques? robin001 SEO and buying back links Posted: Sat Jul 30 -- everyone who is top 3-5 for any competitive insurance keyword is buying or renting high PR links. If you think that webmasters with High PR... yougotmymoney What is your broker of record policy? Posted: Sat Jul 30 -- Thanks for the information.......really nice and informative post...... aurther11 Looking for an opinion Posted: Sat Jul 30 -- Just about the best business advice ever given to me 40 years ago when I had a small sandwich shop and resisted selling certain items that I... aurther11 Starting an Independent Agency has never been easier Posted: Sat Jul 30 -- Opening an Independent Agency has never been easier for a number of reasons. First, there are a growing number of cluster groups that are... aurther11 Restaurants in CA Posted: Sat Jul 30 -- French Laundry - Built in 1900 as a saloon that later became a French steam laundry, the rustic two-story stone cottage is surrounded by a... aurther11 Healthcare Reform Posted: Sat Jul 30 -- Insurance is competitive by nature and directly tied to the market it serves and the claims it must pay. Health care insurance pays for... aurther11 Go to Forums Reader Comments Allstate Agents Hope Unionization Sparks Changes at Insurer Posted: Tue Jul 26 -- I think I got it figured out.. what they appear to be doing is getting rid of the smaller agencies and trying to form a "mega" agency and... chuck Allstate Agents Hope Unionization Sparks Changes at Insurer Posted: Tue Jul 26 -- I have been an Allstate agent since the 90's. I can't believe what Allstate is saying about moral. Maybe they should call a few agents and... ste Florida Nudists Injured in Water Scooter Crash Posted: Fri Jul 29 -- It's obvious, nudists have no coverage. Al 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 Personal Lines Senior Management Marketing Analyst Experienced P & C Claims Adjuster 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. Subscribe | Unsubscribe | Send to a Friend | Contact Us Insurance Journal 3570 Camino del Rio North, Suite 200 San Diego, CA 92108 (800) 897-9965 Copyright © 2011 by Wells Publishing, Inc.