Daily Headlines: Tuesday, August 7, 2012

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August 7, 2012 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National UK Bank May Have Hidden $250 Billion in Iran Deals; May Lose U.S. License New York's top bank regulator threatened to strip Standard Chartered Plc of its state banking license, saying the British bank was a "rogue ... Treasury Gains in Sale of AIG Stock American International Group Inc. said today hat the U.S. Department of the Treasury expects to receive an additional $750 million in ... Berkshire Hathaway Profit Falls on Derivative Losses Warren Buffett's ice-cream-to-insurance conglomerate Berkshire Hathaway reported a smaller profit for the second quarter on Friday as ... Disabled Workers More Likely to Experience Occupational Injury: Study Workers with disabilities are significantly more likely to experience both nonoccupational and occupational injuries than those without ... Is Peer Pressure Better Employee Motivator Than Money? A sense of belonging and attachment to a group of co-workers is a better motivator for some employees than money, according to a new study ... ACE Accident & Health Introduces Accident Policy for Motor Carriers ACE USA, the U.S.-based retail operating division of the ACE Group, has launched a new occupational accident policy with optional ... National Interstate Expands Tow Truck Insurance Into Additional States National Interstate Insurance Co., a provider of transportation insurance since 1989, is expanding its tow truck insurance product into the ... Liberty Mutual Announces Realignment; Names Four Unit Executives Boston-headquartered insurance giant Liberty Mutual said it is realigning its strategic business units. The company — which reported... More National News East Mass. Embraces ‘Disclosure, Apology, Offer’ Approach for Med Mal Cases A newly enacted law in Massachusetts will adopt the "Disclosure, Apology, and Offer" approach to help resolve malpractice cases. The ... 1 Dead, 9 Injured in Lightning Strike at Pocono Raceway in Penn. NASCAR fans at Pocono Raceway were advised over public address systems and through social media to take cover when lightning and heavy rain ... Gilbert Steps Down as Chairman of N.Y.-Based Holborn Corp. Holborn Corporation, a reinsurance intermediary based in New York, said John Gilbert has stepped down as chairman of the board of ... Howden Specialty Underwriters Appoints Head of New York Office Howden Specialty Underwriters (HSU), part of Hyperion Insurance Group, has appointed Scott Misson to lead its recently opened New York ... More East News Midwest Willis Names Mark Dull Client Advocate in Michigan Willis North America, a unit of Willis Group Holdings, named Mark Dull as a client advocate in Willis of Michigan. Willis of Michigan, Inc. ... Mervyn Promoted at ACUITY Sheboygan, Wis.-based ACUITY announced that Gen Mervyn has been promoted to services manager of imaging. Mervyn began with ACUITY as a ... Deadly Storms Inspire Indiana Shelter Inventors When tornadoes tore through southern Indiana and other Midwest states in March, killing at least 13 people and nearly demolishing ... Main Street America Expands Commercial Product Line to Minn. The Main Street America Group has introduced its commercial product line, featuring its flagship main line business owners policy (main ... More Midwest News Southeast Florida Officials, Insurers Urge Caution Over PIP Savings Report A preliminary report on the impact of Florida's no-fault auto insurance law suggesting it could result in savings between 12 percent and ... Miami-Dade County to Vote on Pit Bull Ban A 23-year-old ban on pit bulls, passed after the vicious mauling of a 7-year-old girl, is up for a vote in Miami-Dade County. Pit bull ... Trayvon Martin’s Parents Seek Help from Florida Victims’ Fund Trayvon Martin's mother has asked for an undisclosed amount of money from a state fund set up to help crime victims with things like ... South Carolina Restaurant to Pay $1.1M in Drunk Driving Death The parent company of a Charleston restaurant will pay $1.1 million to the family of a man killed in a drunken driving crash that ... More Southeast News South Central La. Jury: Acadian Owes $117M For Ambulance Wreck Acadian Ambulance Service owes $117 million to a woman left paralyzed and brain-damaged when the ambulance she was in crashed into a ... Southwest Pays Refunds After Computer Glitch Southwest Airlines said Sunday it has begun filing refunds to customers who were accidentally billed multiple times for a single flight, ... More South Central News West Wildfire Danger In Eastern Washington The National Weather Service has issued a red flag warning for critical wildfire danger in Eastern Washington, Eastern Oregon and Northern ... Ariz. Medical Marijuana Applicants Await Lottery The Arizona Department of Health Services is set to hold a much-anticipated lottery today to select medical marijuana dispensaries across ... Physicians Insurance Acquires EMPAC/SCRUBS Seattle, Wash.-based Physicians Insurance A Mutual Company has acquired Emergency Medicine Professional Assurance Co. (EMPAC) and SCRUBS ... Heffernan San Francisco Names Gardner AVP Walnut Creek, Calif.-based Heffernan Insurance Brokers named Tristan Gardner to its San Francisco office as assistant vice president, ... More West News International TS Ernesto Strengthens; Expected to Impact Belize, Mexico; AIR Analysis Tropical Storm Ernesto is gaining strength as it moves west-northwest at around 13 mph, 20 km/h, according to the latest bulletin - 5:00 ... Willis Warns Directors of Risks in Serving on Boards "Increased regulatory, shareholder and media scrutiny combined with volatility in the global economy means that serving on the board of a ... Munich Re Reports Q2 Profit over $1 Billion; 1st Half near $2 Billion Munich Re's second quarter earnings report notes that it achieved a consolidated profit of €812 million [$1.007 billion], compared to the ... Earnings Report: AXIS Capital Selected earnings highlights from the Bermuda-based AXIS Capital Holdings for the second quarter and the first half of 2012 are as follows: ... Earnings Reports: Argo Group, Flagstone Re Selected earnings highlights from the Bermuda-based Argo Group for the second quarter and the first six months of 2012 are as follows:   ... Willis Appoints Vaccaro CEO for Facultative Reinsurance Operations in Chile Willis Group Holdings announced the further strengthening of its operations in Latin America with the appointment of Alejandro Vaccaro as ... More International News Sponsored Content Meet Marine Jeff Combs, Swett Warrior who lost his arm in Iraq Check it out. More Sponsored Content Join the Insurance Journal Network Insurance Journal TV New PURE Program Provides Extra Flooding Services for High-Value Homeowners A new flood coverage suite from Privilege Underwriters Reciprocal Exchange, or PURE, now... Watch Now Agency Capitalizes on Obamacare Shawn Pynes, principal with Barney & Barney, discusses the benefits business following... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Agent no legal duty to inform on cancellations? Posted: Tue Aug 7 -- I think many folks have gotten paranoid after attending E&O seminars sponsored by the E&O carriers. As I stated in an earlier post, I have... ins-atty Exotic car, bad driver!! Posted: Tue Aug 7 -- Im looking for a market for an Exotic car $1.5 Million. the driver has a few tickets so hagerty would not take them. Any suggestions? BTW... JAM Track Your CSR's Daily Sales Activity Posted: Thu Aug 2 -- "If the csr is doing their job they will not have time to write down ever phone call." I have to comment on this statement, with a... Brenda H CPCU ?? Posted: Tue Jul 31 -- If you have experience in life issues, what is your goal? it is difficult to maintain an expertise is every line of insurance. I am... mccluney National Agents Alliance? Legit or Keep Away? Posted: Mon Jul 30 -- Dallas Viper should go to work for Farmers Ins. They sell the same load of c--p too. Since he believes in Fairy Tales he would fit right in... Presl70 painting contractor in Ca for Comp Posted: Mon Jul 30 -- Insured has been out of force for 45 days approximately. $100000 in payroll. Inside and outside painting. class code 5482. No... trotter AMS360 for accounting? Posted: Mon Jul 30 -- I found these two insurance journal articles to explain a lot about how accounting should function. Then maybe consider which systems can... Riskmaster Go to Forums Reader Comments Md. Catholics Embark on 100-Mile Walk to Protest Birth Control Coverage Posted: Wed Aug 1 -- All of these posts togather is a great illustration of why "we" cannot even agree on the color of poop these days. I'm not Catholic and I... Little Frog Va. Court: Waiter's Choking on Quesadilla Didn't Arise Out of Employment Posted: Thu Aug 2 -- To comment on this I had to put myself in both situations. I would have done things very differently than TGIF Corporation. I also agree... other L.A. County Pays $2M To Settle Deputy Force Suits Posted: Thu Aug 2 -- These idiots that are getting rewarded, all had issues to begin with. It's so easy to blame the police for wrong doing! Try making a... incognito House Passes $383 million US Drought Aid Bill for Ranchers Posted: Mon Aug 6 -- Yeah, but CalDude, that's not what Fox News lies about. Remember, President Obama has the US checkbook. Hence, "giving Obama a blank... Captain Planet California Court Reinstates Lawsuit Against Glock Posted: Tue Jul 31 -- The Glock has a trigger safety so that the weapon doesn't fire unless someone pulls the trigger. The amount of strength necessary to pull... Chris Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue August 6, 2012 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 Profit Center Branch Manager - Retail Agency Chief Operating Officer Commercial Lines Account Manager Marketing Representative Have a job opening? List it on our Web site. 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