Nov 30, 2011

Daily Headlines: Wednesday, November 30, 2011

Sponsored by: E and O for Less - P and C. Due to Renew in January? Errors and Omissions Insurance for P and C Agents Only $787. Click here for more information.
Insurance Journal Daily Headlines
November 30, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Facebook Settles Deceptive Practices, Privacy Breach Claims with FTC

Facebook has settled complaints that it disregarded its users' privacy, agreeing to establish a raft of measures to better protect its 800 ...

Safety Oversght of Government Aircraft Lacking

Nonmilitary government agencies operate more aircraft than the world's largest airline but are subject to little federal safety oversight ...

Retiring Rep. Frank Says Wall Street Reforms Safe Without Him

U.S. Representative Barney Frank hit back at speculation Tuesday that his departure next year would undermine the sweeping Wall Street ...

Seneca Creates Surety Division

Seneca Insurance Companies has launched a new product line and operating division for contract and commercial surety. The contract surety ...

Hiscox Designs Terrorism Product for Healthcare Industry

Hiscox has launched a terrorism liability product designed specifically for healthcare risks such as hospitals, physician offices, ...

From MyNewMarkets.com Next Big Thing in Insurance Coverage?

Some in the insurance industry are staking their futures on the reputations of others. That is, they are looking to insure reputational...
Are You Willing to be a Top 10% Producer? Join Academy of Insurance tomorrow to learn how.
East

Upstate New York Villages Struggle to Rebound After Irene

Storefronts in Schoharie, N.Y., a quaint village flooded out by Tropical Storm Irene, remain mostly empty and temporary trailers are ...

New York City Introduces Haiku Poetry Signs to Promote Traffic Safety

New York City Department of Transportation announced on Tuesday a new traffic safety campaign called "Curbside Haiku." The department is ...

Insurance Groups React to Rep. Barney Frank’s Retirement Announcement

A number of insurance associations have issued statements recognizing the positive work the retiring U.S. Rep. Barney Frank (D-Mass.) has ...

Community Volunteers Should Be Aware of Hidden Risks, Report Warns

'Tis the season to give and many Americans are volunteering in their local charity organizations to help the needy this holiday season. But ...

N.Y.-based USI Insurance Acquires Barros International

USI Insurance Services, an insurance brokerage and financial service firm in Briarcliff Manor, N.Y., completed the acquisition of Barros ...
Midwest

Insurers Pay Out $1.13B for Joplin, Missouri Tornado Damage

Insurance companies have paid out $1.13 billion in claims from the Joplin tornado, and that's expected to climb to as much as $1.9 billion, ...

James River Still Above Flood Stage in Parts of South Dakota

South Dakota officials say some stretches of the James River remain well above flood stage heading into the winter freeze, setting the ...

Feds Reject Indiana Request for Health Care Waiver

The U.S. Department of Health and Human Services has rejected Indiana's bid for an exemption from federal health care overhaul rules that ...
Sponsored by: Automotive Risk Management & Insurance Services, Inc. Auto Dealers. Franchised or independent. Competitive Markets. Get an app today. Click here for more information.
Southeast

Florida’s HomeWise Insurance Ordered Into Liquidation

A Florida judge has ordered a homeowners' insurer to shut its doors and hand its business affairs over to the state after state regulators ...

Florida Convicts North Carolina Man in $2.7 Million Workers' Comp Fraud

A North Carolina man has been sentenced to four years in a Florida prison and ordered to pay more than $3.1 million in restitution after ...
South Central

Louisiana Workers' Comp Corp. Offers Tips for Hiring Seasonal Workers

Short-term hiring during the holiday season is a boon to both employers and employees, but businesses should take care to ensure the safety ...

2 Texas Businesses Cited for Safety Violations

In separate actions federal workplace regulators have cited two Texas-based companies for employee safety violations. The U.S. Department ...

Small Earthquakes Recorded in Northern Arkansas, Central Oklahoma

Small earthquakes have shaken parts of northern Arkansas and central Oklahoma A 2.6 magnitude quake struck early morning in the morning on ...
West

Study: Use of Physician Networks in California Workers' Comp at Record High

A California Workers' Compensation Institute study released on Tuesday shows the use of network physicians to provide medical care to ...

CRC Names Brooks Broker in Southern California Office

CRC Insurance Services named Robert Brooks as a property and casualty broker in the company's Santa Ana, Calif. office. Brooks was ...

Tobey Maguire, Others Settle Over Poker Winnings

Tobey Maguire has decided to fold `em and settle a lawsuit over his winnings from a convicted con man during high-stakes Hollywood poker ...
International

Foreign Insurers Must Decide If China’s Growth Outweighs Disadvantages

Foreign insurers will have to answer for themselves whether their disadvantaged position relative to domestic insurers in China is ...

Man Released from Aruba Jail Still Suspect in Traveler’s Death

U.S. businessman Gary Giordano is getting out of jail but he isn't in the clear. Investigators still consider him a suspect in the presumed ...

Renewable Energy Sector Presents Rising Risks, Demand for Insurance

The renewable energy sector needs to improve risk management and access alternative sources of capital as operational risks rise and ...

Hendrick to Succeed Duclos as Head of XL Group’s Insurance Unit

Global insurer and reinsurer XL Group plc said that Greg Hendrick will become chief executive of XL's insurance segment upon the retirement ...

Pickering Named CEO of Willis South Africa

Global insurance broker Willis Group Holdings has appointed Scott Pickering as CEO of Willis South Africa. Pickering is currently president ...
Next Thursday from Academy of Insurance - Learn how to drive traffic to your website with Pay Per Click advertising. Click here to Register Now.
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.

Join the Insurance Journal Network

Twitter Facebook LinkedIn


Insurance Journal TV

Video thumbnail

Interesting Times in Medical Liability

The medical liability market continues to perform well even as the nation struggles to...
Video thumbnail

Pat Ryan Asks, 'Are You Happy?'

Patrick Ryan is an innovator who sees opportunity. And it was opportunity that drove him to...

TV icon Watch more videos at InsuranceJournal.tv

New Discussions in the Forums

Agency Management System
Posted: Wed Nov 30 -- AMS360 did get a lot of votes and I wanted to see some product reviews about it. I ran across a site that has very negative comments about... robmejia
Workers comp for janitorial services
Posted: Wed Nov 30 -- Your state insurance department is your best resource for insurance-related questions and concerns. Find information on insurance companies... tkishore123
What websites or app are agents using?
Posted: Wed Nov 30 -- "Sethm, Could you be more specific regarding what software you use? Thanks," It's Aspire, a... sethm
QuickBooks
Posted: Mon Nov 28 -- Quickbooks will work well for expenses but you can end up messing your income statement and sales figures if you do both direct and agency... miinsguy

Reader Comments

U.S. Rep. Barney Frank of Massachusetts Won't Seek Re-election
Posted: Mon Nov 28 -- THANK GOD! Bwarney Fwank was half to blame for the housing collapse and Freddie and Fannie Mae's boon doggle for all tax payers. Good... Sarah
Thanksgiving Day is Top Day For Cooking Accidents
Posted: Wed Nov 23 -- I laughed when I read in the article the following sentence: "Esposito offered safety tips for those planning to sue a fryer:" Is that a... The Other Point of View
Massachusetts Enacts Law on Credit Ban for Auto Insurance
Posted: Tue Nov 29 -- "much-needed protection against an unfair, unreliable, and discriminatory rate-setting practice" Unpopular, yes, but the correlation exists... GL Guru
Allstate Drops North Carolina Homeowners Who Insure Autos Elsewhere
Posted: Wed Nov 23 -- It seems like coercion to me to too. It's one thing to decide not to write a line of business in a certain area but to insist you must... mark
Insurer Must Pay for Florida Rental Car Crash by Unauthorized Driver
Posted: Mon Nov 28 -- Sadly, insurance companies always seem to try their hardest to find no coverage or to limit coverage beyond what ordinary people would find... vince

Current Issue

Current Issue
Contractors & Builders, Claims and the Independent Agent, Top Personal Lines Retail Agencies
November 21, 2011

More Newsletters

Choose Newsletters
Enter Your E-mail

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.
Insurance Journal
3570 Camino del Rio North, Suite 200
San Diego, CA 92108
(800) 897-9965
Copyright © 2011 by Wells Publishing, Inc.

Are You Willing to be a Top 10% Producer?

Having trouble reading this email? View it as a webpage. Not interested anymore? Unsubscribe instantly.
New Class: Non-Optional Behaviors: The Secret to Becoming a Successful Producer
New Training from Academy of Insurance

Are You Willing to be a Top 10% Producer?

Ever wonder what the secrets of the most successful agents are? Why do they out-perform the crowd? This Thursday, learn all the Non-Optional Behaviors (NOBs) practiced by the most successful agents.

Non-Optional Behaviors:
The Secret to Becoming a Successful Producer

Date: Wednesday, Dec. 1 (tomorrow!)
Time: 1:30pm ET / 10:30am PT
Duration: 1 Hour

Click Here to Register

If you want to succeed in the insurance business, learn what the top professionals do and adopt their success skills. It helps when someone else has done the homework, which is just what David Connolly has done. Connolly has worked with some of the most successful producers over his 30-year career and has determined the High Performance Attributes (HPAs) that every agent needs.

Click Here to Register

What you'll learn:

  • How to separate yourself from 90% of your competition
  • The 7 characteristics that ALL successful producers share
  • All about being successful and "Special" - Study, Prepare, Execute, Count, Insulate, Adjust, Leverage

When you register, you get:

  • Access to the live webinar
  • Video and audio recordings, so you can watch or listen again
  • Question & Answer session with the instructor
  • Audio download of the webcast
  • Presentation slides download

Join us this Thursday, December 1st for this one-hour training webinar. (PLUS, all registrants will receive video and audio recordings of the webinar, so you can listen/watch again at your convenience.)

Space is limited!

Click Here to Reserve Your Spot!

Regularly priced at $129.00, just $89 when you
register today!
(special pricing expires November 30th)

Register Now

Have questions or need help?
Send an email to webcasts@insurancejournal.com
or call Barbara at 800-897-9965 x166.

Date: Thursday, Dec. 1st
Time: 1:30pm EDT /
10:30am PDT
Duration: 1 Hour
Price: Save $40 until Nov. 30th! Register today for just $89!
Click Here to Register

Instructor: David Connolly

Photo of David Connolly Producer, Educator, Performance Coach & Public Speaker

More Great Training
Coming Soon:


DEC 7: Paying for Web Traffic Through Sponsored Search Engine and Directory Listings
Did you know that you could have prominent exposure within search engine results pages for queries performed by qualified leads within as little as a day?

DEC 8: Understanding Commercial Property Underwriting and "COPE" (A 2-Part Series) - Learn the importance of each of the four basic data points in the property underwriting process: Construction, Occupancy, Protection and Exposure ("COPE").

DEC 14: Business Auto Coverage Symbols and Mobile Equipment - This course is designed to improve participants' understanding of the "symbols" and their appropriate use. In addition to reviewing the symbols, it will discuss some of the finer, less-obvious issues that make the difference between appropriate coverage and a coverage gap.


Send to a Friend | Contact Us | Subscribe | Unsubscribe | Privacy Policy

Insurance Journal
3570 Camino del Rio North, Suite 200
San Diego, CA 92108
(800) 897-9965
Copyright © 2011 by Wells Publishing, Inc.

Nov 29, 2011

Daily Headlines: Tuesday, November 29, 2011

Sponsored by: Leads360. DIAL-IQ, The Intelligent Sales Dialer. Discover a smarter way to call your leads. Click here for more information.
Insurance Journal Daily Headlines
November 29, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Workers' Compensation System’s 'Elephant in the Room'

The state-based workers' compensation system has evolved and survived for 100 years but it could face tough challenges in the coming ...

Active 2011 Hurricane Season Breaks ‘Hurricane Amnesia’

The 2011 Atlantic hurricane season officially ends Wednesday, having produced a total of 19 tropical storms of which seven became ...

Insurers Win First Round of Climate Change Coverage Litigation

In light of the economic turmoil currently engulfing the United States and Europe, the Republican sweep in the 2010 midterm congressional ...

Markel Launches Data Breach Endorsement for Healthcare Risks

Healthcare providers insured by Markel now have access to a free DataBreach endorsement. The new endorsement covers liability resulting ...

Norman-Spencer Introduces Exclusive Real Estate Product

Norman-Spencer Agency has launched an exclusive real estate professional liability program. The comprehensive policy is backed by an ...

Marsh Announces Two Promotions in Central Zone

Marsh announced two promotions in its central business zone. It promoted Jack Butcher as its central zone leader and Dan Deighton as leader ...

Judge Rejects Citigroup-SEC Mortgage Settlement; Orders Trial

A federal judge angrily threw out Citigroup Inc.'s proposed $285 million settlement over the sale of toxic mortgage debt, excoriating the ...

From MyNewMarkets.com Next Big Thing in Insurance Coverage?

Some in the insurance industry are staking their futures on the reputations of others. That is, they are looking to insure reputational...
Academy of Insurance Cyber Monday Sale
East

Massachusetts Enacts Law on Credit Ban for Auto Insurance

Massachusetts Governor Deval Patrick signed into law that bans the use of credit in underwriting and rating private passenger motor vehicle ...

Feds Say Farmers in Upstate New York Can Get Flood Loans

Federal authorities say farmers in eight upstate New York counties are primary natural disaster areas eligible for assistance recovering ...

Massachusetts ‘Alarm Fatigue’ Lawsuit Settled

The family of an 89-year-old man who died at Massachusetts General Hospital when nurses did not respond to alarms on his cardiac monitor ...
Academy of Insurance Cyber Monday Sale
Midwest

Joplin Homeowners Need More Time to Rebuild, Missouri Regulators Say

While insurance companies have paid out more than $1.1 billion for losses stemming from the May 22 tornado that devastated Joplin, Mo., ...

Holmes Murphy & Associates Names Keough CEO, Bishop President

Des Moines, Iowa-based Holmes Murphy & Associates has named Daniel T. Keough as the organization's CEO and Dennis Bishop as its ...

Michigan Regulators Suspend Iron Mountain Insurance Agency, Agent

The Michigan Office of Financial and Insurance Regulation (OFIR) has summarily suspended the licenses of Erickson & Associates Inc. (E ...
Southeast

Florida Looks to Manage State’s Workers' Compensation Costs

Florida officials are looking for ways to reduce the state government's workers' compensation costs and considering changing some ...

Judge Orders Georgia Tornado-Damaged Hotel Demolished

A city judge in the northwest Georgia town of Ringgold has ordered a tornado-ravaged hotel to be torn down. Judge Gene Lowery said in a ...
South Central

Texas Regulator Abstains from MLR Vote; Says State Requested Waiver

The National Association of Insurance Commissioners (NAIC) has adopted a resolution urging Congress to amend the Medical Loss Ratio (MLR) ...

Lockton Adds Cahn as VP and Producer in Dallas

Insurance industry veteran Andrew Cahn has joined privately held insurance broker, Lockton, as a vice president and producer in its Dallas ...
West

Insurers Boost California's Economy by $34.7 Billion

California's $1.9 trillion economy gets a multi-billion dollar boost from the property/casualty insurance industry, according to a report ...

Scientists Say Kenai Area Getting Drier, Warmer

Climate change is taking place on the Kenai Peninsula, slowly but surely. Over the last 100 years, climate change has been affecting the ...

Minor Earthquake Near Yakutat

The Alaska Earthquake Information Center says there was a minor earthquake near Yakutat. The earthquake occurred Saturday at 5:21 p.m. and ...
International

Thai Flood May Hit Asia Harder Than Japan Disaster: Official

The impact from Thailand floods on Asia's production networks may last longer and be deeper than that from Japan's March earthquake, ...

Arbitrators Near Jurisdiction Call in Chevron-Ecuador Pollution Case

Arbitrators expect to rule as early as next month on whether they can hear a dispute between Chevron Corp. and Ecuador related to a ...

Validus Ends Transatlantic Takeover Bid

Reinsurer Validus Holdings Monday withdrew its offer for peer Transatlantic Holdings, ending a months-long hostile takeover battle. ...

Join the Insurance Journal Network

Twitter Facebook LinkedIn


Insurance Journal TV

Video thumbnail

Interesting Times in Medical Liability

The medical liability market continues to perform well even as the nation struggles to...
Video thumbnail

Pat Ryan Asks, 'Are You Happy?'

Patrick Ryan is an innovator who sees opportunity. And it was opportunity that drove him to...

TV icon Watch more videos at InsuranceJournal.tv

New Discussions in the Forums

Agency Management System
Posted: Mon Nov 28 -- A resource for any agency researching the purchase of a product or service for their agency (including agency and document management... SteveAnderson
QuickBooks
Posted: Mon Nov 28 -- Quickbooks will work well for expenses but you can end up messing your income statement and sales figures if you do both direct and agency... miinsguy
In search of separate Umbrella for standard carrier policies
Posted: Fri Nov 25 -- I think Med James and Gracey Backer offers that robmejia
Which carrier is best for hotels?
Posted: Wed Nov 23 -- You can contact insurance.ca.gov. Try asking for a list of carriers. You can also post general questions or inquiries to insurance-related... sethm
Energy Savings Insurance (ESI)
Posted: Wed Nov 23 -- I think there's a need for such insurance. In fact, energy savings insurance was first offered many many years ago, but failed to make... sethm

Reader Comments

U.S. Rep. Barney Frank of Massachusetts Won't Seek Re-election
Posted: Mon Nov 28 -- THANK GOD! Bwarney Fwank was half to blame for the housing collapse and Freddie and Fannie Mae's boon doggle for all tax payers. Good... Sarah
Georgia Factory Worker Sues After Being Fired for Refusal to Wear '666'
Posted: Tue Nov 22 -- I thought stickers were reserved for kids in kindergarden or for clearance merchandise... lol Kathy
U.S. Healthcare Cuts Minimal, More Pain Looms
Posted: Tue Nov 22 -- Doctors, Clinics, Hospitals and Vendors will soon see the gravy train end and they may have trouble making their Mercedes payments. They... Veteran Agent
Thanksgiving Day is Top Day For Cooking Accidents
Posted: Wed Nov 23 -- I laughed when I read in the article the following sentence: "Esposito offered safety tips for those planning to sue a fryer:" Is that a... The Other Point of View
Allstate Drops North Carolina Homeowners Who Insure Autos Elsewhere
Posted: Tue Nov 22 -- Wow and "Tying" in NJ is illegal. Jay

Current Issue

Current Issue
Contractors & Builders, Claims and the Independent Agent, Top Personal Lines Retail Agencies
November 21, 2011

More Newsletters

Choose Newsletters
Enter Your E-mail

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.
Insurance Journal
3570 Camino del Rio North, Suite 200
San Diego, CA 92108
(800) 897-9965
Copyright © 2011 by Wells Publishing, Inc.

Cyber Monday Sale ends tonight! Here's the Top 25 Best Sellers

Buy all you want, watch them anytime you want.
Save up to 80% on our best Insurance Training!
Is this email not displaying correctly?
View it in your browser.

logo

Academy of Insurance's
Cyber Monday Sale Top 25 Sellers

Big savings on exclusive insurance training.
Buy all you want, watch them anytime you want!

Wow, our Cyber Monday Insurance Training Sale generated a lot of excitement!

The sale runs til midnight tonight, so be sure to stock up now. Our on-demand courses give you access to watch as much as you want, anytime you want.

I wanted to share with you the list of top courses others are buying. We have a ton of courses to choose from - so it might help to see what your industry peers are interested in.

Hurry, tomorrow the courses go back to regular price.

Here's yesterday's top 25 bestsellers that others are buying:

1How to Read and Understand ANY Insurance Policy$129
$47
Course Overview
2Agency Growth: Learn the Secrets of Top Performing Agencies
$129
$47
Course Overview
3Beyond Basic Training Information Session
FreeCourse Overview
4Understanding and Explaining Ordinance or Law Coverage
$129
$27
Course Overview
5How to Prepare Your Clients for Coverage Gaps in the BOP
$129
$27
Course Overview
6Using Coverage Gaps to Win New Customers
$129
$27
Course Overview
7Who is an "Insured" in the CGL and Business Auto Policy?
$129
$27
Course Overview
8Understanding the Basics of Contractual Risk Transfer
$129
$27
Course Overview
9The Real Effects of Granting Additional Insured Status
$129
$27
Course Overview
10Five Claims Secrets No Lawyer Wants You to Know
$129
$27
Course Overview
11Insuring Condominiums
$129
$27
Course Overview
12Shark Proof: Insulating Your Clients
$129
$27
Course Overview
13Business Income: It's Easier Than You Think (5-Part Series)
$497
$197
Course Overview
14What EVERY Agent Needs to Know about D&O
$129
$27
Course Overview
15Identifying Professional Liability Exposures
$129
$27
Course Overview
16Use Workers' Compensation to Stand Out from the Crowd
$129
$27
Course Overview
17Pre-Call Strategy: Preparing to Win
$129
$27
Course Overview
18The Proper Care and Feeding of Certificates of Insurance
$129
$27
Course Overview
19Advanced Personal Injury Protection
$129
$27
Course Overview
20Preparing Your Clients for Vacation
$129
$27
Course Overview
21Understanding Personal & Advertising Injury
$129
$27
Course Overview
22Top 7 CGL Coverage Questions
$129
$27
Course Overview
23Coverage Triggers: Occurrence vs. Claims Made Liability Coverage
$129
$27
Course Overview
24RC + ACV = E&O: Why Most Property Insurance Values are Wrong
$129
$27
Course Overview
25Top 10 Things Agents do Everyday - But Shouldn't
$129
$27
Course Overview


Thank you!
Barbara Dooley
Insurance Journal Academy of Insurance


Contact Us:
Insurance Journal / Academy of Insurance
3570 Camino del Rio N
Suite 200
San Diego, CA 92108
Toll Free: (800) 897-9965