Daily Headlines: Thursday, August 11, 2011

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August 11, 2011 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Agents Say Insurers Out of Touch with Needs of Small Businesses Insurance agents and brokers think that their insurance carriers may be out of touch with what the small business segment needs. For one, ... Second Court Allows Damages Suit Against Rumsfeld Over Alleged Torture A lawsuit accusing former Defense Secretary Donald Rumsfeld of personal responsibility for U.S. forces allegedly torturing two American ... Goldman Faces Damages Suit Over Failed Credit Unions The U.S. regulator of credit unions this week sued Goldman Sachs & Co. for more than $491 million in damages over losses incurred by ... Rockwood Launches the Public Servant's Defense Agency Rockwood Programs, Inc. has established a new subsidiary company – the Public Servant's Defense Agency (PSDA). This firm will ... CNA Launches Enhanced Motor Truck Cargo Legal Liability Form CNA has launched an enhanced version of its motor truck cargo legal liability form that provides cargo liability coverage for motor ... Bids for Transatlantic Tighten But Eyes on Buffett The spread between two of the dueling offers for reinsurer Transatlantic Holdings virtually disappeared Wednesday amid a fresh market rout, ... Understanding Legal Liability for Condominium Association and Unit Owners Legal liability is liability imposed by the courts or by statute on any person or entity responsible for the financial injury or damage... More National News East State Agencies Not Exempt from Age Bias Claims, Says Mass. Court The Massachusetts Appeals Court has ruled state agencies aren't exempt from age discrimination lawsuits, even when the discrimination is ... UPDATE: Ex-Adjuster Pleads Guilty in Rhode Island Fraud Scheme An ex-insurance adjuster who helped a former Rhode Island radio personality file a bogus home insurance claim last year pleaded guilty on ... Judge Nixes Suit over Pennsylvania Officer’s Crash Death A federal judge has dismissed a police widow's lawsuit against a suburban Philadelphia township over its insurance coverage. Middletown ... More East News Midwest Illinois Bars Workers’ Compensation for State Employees Involved in Crimes A new law inspired by a former Illinois State Police trooper's high-speed freeway wreck that killed two sisters bars state employees ... Minnesota Police Ticket 21 for Driving 100 MPH The Minnesota Department of Public Safety said it ticketed 21 motorists for driving more than 100 mph and 72 drivers for going more than 90 ... Signature Select Hires Apperson, Buehler Signature Select LLC, a retail insurance broker subsidiary of The IMA Financial Group, Inc., expanded its commercial lines insurance ... State Farm to Monitor Some Drivers, Adjust Rates State Farm Insurance plans to give its Illinois customers a chance to lower, or raise, their rates depending on their driving habits. The ... More Midwest News Southeast Florida Court Rules Illegal Workers Entitled to Workers' Compensation Florida employers may be under more pressure to document the status of their workers after a panel of state judges ruled that illegal ... Mississippi Lawsuit Claims ‘The Help’ Movie Used Real Person’s Identity Lawyers for Kathryn Stockett want a judge in Mississippi to dismiss a lawsuit that accuses the author of "The Help'' of basing a character ... Massey Offers $35 Million to Settle Coal Slurry Claim in West Virginia Massey Energy Co. has offered $35 million to settle a 7-year-old lawsuit with hundreds of southern West Virginia residents who say the ... More Southeast News South Central Oklahoma Wildfire Destroyed 40 Buildings The weekend wildfire that swept through a rural swath of Pawnee County, damaging or destroying at least 40 structures and charring ... The Woodlands Financial Group Opens Four Branch Offices The Woodlands Financial Group, Inc. of Woodlands, TX expanded its operations by opening 4 new branch locations. Noel Sanchez opened a new ... Tax Renewal Election Before La. Voters DeQuincy, La. residents will vote on a sales tax renewal that could help reduce property insurance premiums. Mayor Lawrence Henagan tells ... More South Central News West California Insurance Commissioner Addresses Insurer S&P Downgrade California Insurance Commissioner Dave Jones yesterday issued the following statement in regard to the downgrade by Standard & Poor's ... Southern California’s Momentous Adds New In-House Counsel Kathleen Bragg-Pebley, Esq., has joined Momentous Insurance Brokerage, of Van Nuys, Calif., as in-house counsel effective August 1, 2011. ... More West News International ABI Assures UK Business Owners of Insurance Coverage for Riot Losses Along with its recap of the applicable provisions of UK law covering damages caused by riots, the Association of British Insurers also ... Event Cancellation Coverage for UK Riots Rarely Applicable "Most of the events cancelled were due to the police being need elsewhere," said Simon Lyons, contingency underwriter at London-based ... NMS Report Highlights Continued Somali Piracy; New Threat in Gulf of Guinea A report compiled by David Rider of Neptune Maritime Security points out that, despite the "best efforts of the world's navies and EU ... Aon Benfield Sponsors Updated Atlas of Natural Disaster Risk in China  Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp., reports that it is the "exclusive insurance industry ... Sources Say New China Life Files for up to $4 Billion IPO New China Life, the country's third-largest life insurer, has filed an application to list in a dual Hong Kong and Shanghai IPO, sources ... 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 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 Broker of Agent Posted: Wed Aug 10 -- Broker of Record. Sounds great! We have a new client with no marketing for the time being. The BOR letter asks that the policy and all the... Liz Raifman National Agents Alliance? Legit or Keep Away? Posted: Wed Aug 10 -- I worked for them for 2 recent years... just quit. I was always on top 20 in production. made a good amount of sales.... tried to keep my... dont do it Info on Employee Information Services company Posted: Sat Aug 6 -- Has anyone heard about the company, 'Employee Information Services'? I've only seen one review. They are hiring nationally and I wanted to... TorontoTexas Californian Question Posted: Fri Aug 5 -- Dear munda4545. Your bankruptcy will not necessarily prevent you from getting an insurance license or from being successful in the insurance... tpadgett 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 Latin Jazz Players Sue After Being Cut Out of Grammy Awards Posted: Thu Aug 4 -- If you can't win a Grammy go looking for a different kind of award by filing a lawsuit. They are looking for more notoriety so why not get... DES 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... 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