Daily Headlines: Wednesday, August 17, 2011

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August 17, 2011 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National European Insurance Regulation Threatens U.S. System, Connecticut Regulator Warns Adoption of European regulatory changes known as "Solvency II" as currently proposed could weaken U.S. consumer protections and ... The Truth About Why Independent Agents Love Regional Companies Editor's Note: This article originally appeared in Insurance Journal's Satire Issue, August 15, 2011. The content in this issue is not ... Court Questions Handling of White Firefighters’ Reverse Bias Case Reviving a lawsuit brought by a black firefighter, a federal appeals court in New York on Monday raised new questions about the impact of a ... Madoff Trustee’s Loss Formula Upheld A U.S. appeals court on Tuesday upheld a method developed by the trustee liquidating Bernard Madoff's firm for determining how to calculate ... Unitrin CEO Southwell Sees Growth, Value in New Kemper Name Unitrin Inc. is counting on added success as it takes on a new name — the well-known and legendary Kemper name — for the future of the ... Best Downgrades Ratings of Most Old Republic Subsidiaries A.M. Best Co. has downgraded the financial strength ratings (FSR) to 'A' (Excellent) from 'A+' (Superior) and issuer credit ratings (ICR) ... Ratings Roundup: National Group, Fremont Michigan A.M. Best Co. has downgraded the financial strength rating (FSR) to 'E' (Under Regulatory Supervision) from 'D' (Poor) and issuer credit ... XL Names 6 to North America Construction Team XL Insurance has made six key appointments to its North America Construction team that it established a year ago. The latest additions to ... Wright USA Creates Career Protector E&O Plan for Government Personnel Wright USA has launched a professional liability product tailored to United States government personnel who are responsible for managing ... Crum & Forster Launches New Service to Protect against Cyber Risk Crum & Forster (C&F) has launched a new service to assist policyholders effectively manage and protect against cyber risk. Network ... Expanded Food Recall Authority for FDA Creates Liabilities, Opportunities The food and insurance industries are waiting anxiously to see how the new Food Safety Modernization Act (FSMA) will affect their... More National News East Judge Blocks New York City From Removing Fire Alarm Boxes A federal judge has ruled against a New York City plan to deactivate 15,000 fire alarm boxes, saying that doing so would discriminate ... Vermont Town Answers Former Treasurer’s Lawsuit A Vermont town being sued by its former treasurer is denying the allegations of her civil suit. Nearly a year after Linda Stone filed the ... Field to Head Sales for Swett & Crawford’s New York City Office Harold Field has been given leadership and profit center responsibility of the New York City office for wholesale broker Swett & ... More East News Midwest Questions About Indiana Stage Collapse Linger As the Indiana State Fair reopened after a deadly collapse of a concert stage, questions lingered about the structure's safety, why fans ... Berkshire Reveals Stakes in Dollar General, Verisk Warren Buffett's Omaha, Neb.-based company, Berkshire Hathaway, revealed new investments in retailer Dollar General and insurance data ... More Midwest News Southeast Massey Wants to Know How $35M West Virginia Settlement Became Public Lawyers for Massey Energy Co. want to know who violated the confidentiality of a $35 million settlement agreement reached with hundreds of ... Rural Floridians Face Insurance Woes After Change in Fire Risk Rating Florida residents in rural areas may be having fire insurance difficulties now that insurers have begun using revised community fire ... Board Members Named for Florida’s Citizens Corp. Florida officials are filling out the board of governors for Citizens Property and Casualty Corp. Florida Chief Financial Officer Jeff ... Florida Regulator Taking Citizens Sinkhole Rate Bid on the Road South Florida residents will have their say over the state-backed insurer's proposed triple-digit increase in sinkhole rates as ... Mishler Named CEO at Interstate National in Georgia Interstate National Corp. in Atlanta has named Mark H. Mishler as chief executive officer. As CEO, Mishler will oversee Interstate's ... More Southeast News South Central Texas Investigates Buyouts of Homes Damaged by Ike Disagreements among homeowners in an exclusive Galveston Island beach community have led to a fraud investigation involving a $25 million ... More South Central News West Oregon Family Sues Cargill Over Contaminated Turkey A Cargill Inc. unit is being sued by an Oregon family who said their young daughter was hospitalized after eating Salmonella-contaminated ... California Software Firm Acquires Multifamily Insurance Group of Dallas Santa Barbara, Calif.-based real estate management software firm Yardi has acquired Dallas-based Multifamily Insurance Group (MIG) in a ... $20 Million Claim Filed in Arizona SWAT Team Killing The widow of an ex-Marine killed in a Pima County SWAT team raid has filed a $20 million claim. Attorneys for Vanessa Guerena said the ... SullivanCurtisMonroe Adds Account Executive SullivanCurtisMonroe has named Rikki MacBarron an account executive in its Irvine, California office. SullivanCurtisMonroe offers ... Mizrachi Joins Beecher Carlson in Arizona Atlanta-based insurance broker Beecher Carlson has appointed Michael Mizrachi as senior vice president. He will work out of the Scottsdale, ... Oregon Insurance Company Aids Disabled Veterans A team of 12 U.S. service members who were severely injured in the conflicts in Iraq and Afghanistan will compete in Oregon's iconic 2011 ... More West News International Sarkozy, Merkel Push Euro Integration; No Joint Bonds France and Germany unveiled far-reaching plans for closer euro zone integration on Tuesday, but they disappointed investors by declaring ... China to Expand Investment Options for Overseas Yuan Holdings Chinese Vice-Premier Li Keqiang said China will soon allow foreign investors to buy mainland securities using yuan up to an initial quota ... 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 What's in a Name? Unitrin CEO Southwell Says A Lot A legendary insurance company name is back in the headlines. Unitrin Inc. has taken the Kemper... Watch Now Brokering the Hot Cyber Liability Market With data breaches in the news, cyber liability insurance is gaining recognition. The market... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Retail to Wholesale??? Posted: Tue Aug 16 -- I have been in the commercial P&C industry for over 10 years now (all on the retail side). I have been an Acct. Mgr, A Producer, a Sales... thatinsguy Plumber/Residential Fire Sprinkler Contractor Posted: Tue Aug 16 -- Zurich has a program that is very aggressive...through an MGU in Texas called IRS or IRI...let me look some more and post that, too. LadyBroker Social Media Posted: Tue Aug 16 -- My strange prediction is that any company not utilizing social media will be gone in 5 years. Any big company knows the importance of... TheInsuranceGuy Farmers vs. Independent Posted: Tue Aug 16 -- Unfortunately, I think that you will find the lack of ethics in most major or minor companies for that matter. So that you kind of have to... TheInsuranceGuy SEO and buying back links Posted: Tue Aug 16 -- Buying backlinks isn't exactly black hat, but it isn't white either. There can be a medium between the two. But you have to remember that if... TheInsuranceGuy Go to Forums Reader Comments U.S. Court Rules Against Obama Healthcare Mandate Posted: Mon Aug 15 -- How interesting life is... The Individual Mandate i.e. "personal responsibility" was touted far and wide by the Heritage Foundation, Grover... Nan Jury Acquits Boston Bodybuilding Firefighter of Fraud Charges Posted: Tue Aug 16 -- Are you kidding me??? How can any jury NOT say this guy is committing fraud? He's "too sore" to do non-lifting inspections as an employee,... Scott says........... 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 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 Florida Court Rules Illegal Workers Entitled to Workers' Compensation Posted: Thu Aug 11 -- The illegal should have been deported and none of court BS would have been necessary. The business owner should have been heavily fined and... Deport Em Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue The Insurance Journal Satire Issue! News that never happened. Features you won't forget. Plus reader submissions, fake statistics, made-up mergers and lots more. 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 Account Manager Professional Cyber Liability Broker 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. 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