Daily Headlines: Friday, October 29, 2010

Contact us | Subscribe | Send to a Friend

October 29, 2010 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Congressional Gridlock on Financial Reforms Expected After Elections If Republicans make big gains in U.S. Congressional elections on Tuesday, as expected, Wall Street and big banks will have sweet, but... Panel Finds Halliburton At Fault for Flawed Cement in BP Oil Well Halliburton Co. used flawed cement in BP Plc'sdoomed Gulf of Mexico well, which could have contributed to the blowout that sparked the worst... Allstate Sees Expenses Rise in Q3 Allstate Corp. on Wednesday reported that quarterly operating income fell 16 percent, missing analysts' forecasts, as the largest publicly... Navigators Launches Specialty Reinsurance Business The Navigators Group has established Navigators Re, a unit focused on developing specialty assumed reinsurance business. "As a global... Leavitt Recreation & Hospitality Names Burdick as New Program Underwriter Leavitt Recreation & Hospitality Insurance (LRHI) has named Mitch Burdick as the new program underwriter for their RV park and... Markets in Motion: Environmental Liability Coverage When the financial crisis and subsequent recession hit, many businesses cut back on expenses by leaving off some insurance coverages they... More National News East Massachusetts Prison Guard Accused of Workers' Comp Fraud A former Massachusetts prison guard has pleaded not guilty to charges that he ran long-distance races while collecting worker's compensation... Massachusetts Awards $653K in Training Money Massachusetts has awarded $653,000 in grant money that will be used to provide safety training to nearly 11,000 workers in the state. The... Budd Joins USG in Pennsylvania Pennsylvania-based wholesaler USG Insurance Services has hired James Budd as an underwriter and broker in its Canonsburg office. Budd, a... More East News Midwest Cincinnati Financial Q3 2010 Income Drops Compared to 2009 Cincinnati Financial Corp. reported $156 million, or 95 cents per share, of net income for the third quarter of 2010 compared with a net... Medical Cost per Worker High in Wisconsin; Utilization Low Higher medical costs per claim in Wisconsin are offset by much lower utilization of medical services in the state's workers compensation... Ohio's Healthcare Underwriters Group Returns 3rd Consecutive Dividend Medical liability insurer Healthcare Underwriters Group Mutual of Ohio announced a $1 million dividend to its policyholders/owners. In the... More Midwest News Southeast South Carolina Deadly Sofa Store Fire Preventable, Says Study If modern model building codes and sprinkler requirements had been enforced, the fire that took the lives of 9 firefighters and gutted the... Judge Schedules Motions in State Farm Whistleblower Suit in MIssissippi A federal whistleblower lawsuit filed against State Farm Fire & Casualty Co. will not go to trial Dec. 1 as scheduled. Instead, U.S.... Florida Gubernatorial Candidates Sink, Scott Address Citizens, Safety Florida Republican Rick Scott says that if he is elected governor he will require state-backed Citizens Property Insurance to stop offering... Nationwide Settles Dispute Over Alabama Employees' Retirement Plan Alabama state employees who relied on a deferred compensation plan from Nationwide Retirement Solutions will receive $16 million in a... Alabama City Denies Workers' Compensation for Injured Off-Duty Cop Montgomery Mayor Todd Strange said the city is not able to grant workers' compensation benefits to the family of injured police Cpl. David... More Southeast News Texas / South Central New Web-based Atlas Details Hazards of Living on Texas Coast One of every four Texans lives along the coast; Texas has 16 major ports and more than 3,300 miles of bays and estuaries. Those are just a... Texas Workers' Comp Medical Costs Per Claim Stabilizing After four years of decreases, medical costs per workers' compensation claim in Texas stabilized in 2007, reflecting the impact of reforms... Guarini Joins Coface North America in Houston Coface North America announced that Lou Guarini has been appointed senior agent/credit management specialist in its Houston office. Guarini... More Texas / South Central News West Some Nevada Insurers Failed to File Motor Vehicle Reports The Nevada state Department of Motor Vehicles is notifying some motorists to check their registration status, after some insurers failed to... Californians Asked to Volunteer to Have Earthquake Sensors in Homes Scientists want to know just how much shaking is going on in California house. The U.S. Geological Survey issued a request this week for... Pinnacol Assurance Awarded Five Gold Leaf Awards Denver-based Pinnacol Assurance, Colorado's leading workers' compensation provider, received five communications awards at the annual... More West News International Tropical Storm Shary on Track to Hit Bermuda by Tonight The 8:00 a.m. AST bulletin from the National Hurricane Center in Miami placed the season's latest tropical storm, Shary, around 220 miles... China's Legal System: an Insurance Perspective Years ago a lawyer friend told me of an experience. While teaching a group of Chinese lawyers, he proposed a question to them of who is... North Atlantic Oscillation Condition May Affect Europe's Winter Weather Weather and renewable energy supplies across much of Western Europe could be hit this winter by the North Atlantic Oscillation (NAO), a... U.N. Nagoya Meeting to Protect Nature Splits on Targets Environment ministers from around the world tried to wrap up a U.N. meeting to preserve nature on Friday but remained split on targets to... Sources Say Allianz and Partners Plan UK Fast-rail Bid German insurer Allianz has tapped Britain's largest private pension fund and one that invests the pensions of Canada's Mounties to make a... AIA Shares Surge 17% on Trading Debut in Hong Kong AIA Group Ltd surged 17 percent in its Hong Kong debut on Friday as investors, chasing exposure to Asia's fast-growing life insurance... European Union Agrees on Positions for Cancun Climate Talks The European Union will only sign up to a second phase of the United Nation's climate treaty if loopholes are closed and other big economies... Lockton: Commercial Lines Capacity 'Remains Plentiful' Underwriting capacity remains plentiful across most lines of commercial insurance and there are no significant insurance coverage... ACE Global Engineering Network Launches Industry Fact Sheets The ACE Global Engineering Network (AGEN), a division of the ACE Group of companies, has launched 12 fact sheets for its clients that... London Broker Oxygen Strengthens Construction Specialty Team London-based Oxygen Insurance Brokers announced that it has "further strengthened its broking and risk management services to architects,... More International News Insurance Journal Blogs Anatamy of a large account sale This October marks my 31stnd anniversary in the insurance industry. Many things have changed since my first insurance sale. Initially, my... Defining Your Core Values Part II - Small Agencies In Small Towns I have worked with a number of individuals who are great entrepreneurs whose companies have grown rapidly and out-of-control. It is so very... Defining Your Core Values - Small Agencies In Small Towns The question I continue to be asked is how do I make sure that employees will take care of my customers the same as I do. We have previously... Shark Proof Shark Proof The first 30 days following a new sale can be a very vulnerable stage in the sales cycle. Many lost clients have been won back... More News Join the Insurance Journal Network Insurance Journal TV W.R. Berkley: Economic Recovery Depends on Country's State of Mind Economic recovery in the United States is now very dependent on the state of mind of the... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Offroad Racing Insurance Posted: Thu Oct 28 -- A little more info. Our organizer carries coverage for racers involved with spectators. But racers are not covered against each other or... christhompson Condo Association: BOP vs. Package? Posted: Thu Oct 28 -- I am reviewing a policy for a new Condo Association client . Though we write a few of these we have always done so as a package. This client... lgmichael Agency Management System Posted: Thu Oct 28 -- Has anyone here used SIS Partner XE? We're giving them a strong look for our agencies next mgt system but like others here, I too have that... insrep Insurance rating software Posted: Thu Oct 28 -- SEMCAT Quoting Software is a unique solution that helps insurance agents to quote and bind faster on the web. Not an old-fashioned... semcat23 Insured/policyholder dies - what to do? Posted: Wed Oct 27 -- Call the next of kin. Tell them what policies you have on the deceased. Let them know you are the point... FFA Massachusetts Credit Scoring Posted: Tue Oct 26 -- I do know of a few companies that have violated the rules. EVERYTIME they have been spanked solidly and quietly by the DOI. I would suggest... mica.cooper Earthquake in Ca. Condo complex Posted: Tue Oct 26 -- Try American E & S in San Francisco, (415)398-7475 and ask for either Eric boxer or Dave Pinto. They have about a dozen or so E & S Markets... SFOInsuranceLady Go to Forums Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue Top Commercial Lines Agencies; Law Firm Directory; Commercial Property October 18, 2010 Download Full Issue 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 Consultant Accounting Operations Manager - Plantation, FL Do You Want Your Own Agency? 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 © 2010 by Wells Publishing, Inc.

Daily Headlines: Thursday, October 28, 2010

Contact us | Subscribe | Send to a Friend

October 28, 2010 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Ex-Marsh Executives, Convictions Tossed, Sue for Bonuses Two former Marsh & McLennan Cos. executives, whose criminal convictions in an insurance bid-rigging scheme were thrown out, sued their... AIG Announces Contingency Plan for CEO Benmosche The board of bailed-out insurer American International Group on Wednesday said Chairman Steve Miller would become interim chief executive if... Berkley: Country's State of Mind Will Drive Economic Recovery Economic recovery in the United States is now very dependent on the state of mind of the American public and its business leaders, according... Oak Street Funding Sold to Private Equity Group Angelo, Gordon & Co. Indianapolis-based Oak Street Funding, one of the largest insurance lending firms for the insurance industry and insurance agencies, has... How Insurance Agents Help Keep the Scare In Halloweeen Events Halloween is scary fun for kids—and for some insurance agents, too. These insurance professionals make sure their clients who manage... Chubb Establishes Healthcare Information Technology Program Health care reform has spawned a host of privacy, information security and other liability exposures for the emerging healthcare information... Markets in Motion: Environmental Liability Coverage When the financial crisis and subsequent recession hit, many businesses cut back on expenses by leaving off some insurance coverages they... More National News East Virginia Firm Eyes High Tech Fix for Distracted Driving Despite a public outcry over drivers who text, talk and e-mail that has prompted dozens of states to ban the practice, enforcing those laws... Massachusetts Town Settles Discrimination Suit for $1M The town of Framingham has agreed to pay $1 million to settle a discrimination lawsuit filed by a social services agency that wanted to open... Crump Names Kagan as Carrier Relations Head New Jersey-based insurance wholesaler Crump has hired Adam Kagan as chief market relations officer. Kagan will work with Crump's wholesale... More East News Midwest Midwest Pummeled by Storms A massive storm making its way through a big chunk of the United States brought a bit of everything: strong winds, rain, tornadoes and now... Foremost Insurance Group Joins Trusted Choice Michigan-based Foremost Insurance Group is the newest member to join the Trusted Choice consumer branding program for independent insurance... Safeco Insurance Expands in Missouri Safeco Insurance, a member of Liberty Mutual Group, has opened its new office in Fenton, Mo. Liberty Mutual also plans to hire 100... More Midwest News Southeast Mississippi Executive Wins $103 Million in Lawsuit Against Lawyer A Mississippi businessman has been awarded $103 million in a lawsuit against the Chicago-based law firm that he accused of defrauding his... More Southeast News Texas / South Central Court Orders Employer to Pay $100K to Texas Mutual A Travis County district court has sentenced Joffrey Majors of Parker, Texas on workers' compensation fraud-related charges. The court... Allstate: Texas House Fires Drop by 15% The frequency of Texas home fires dropped 15 percent among Allstate customers during the first half of 2010, when compared to the same... More Texas / South Central News West Insurers Boost Calif. Economy By $30.1 Billion California has a $1.85 trillion economy that ranks it as a global financial power, thanks in part to a multi-billion dollar boost from the... Number of Californians Hit by Cars Jumps 25% On Halloween The number of people in California hit by cars jumps 25 percent on Halloween versus the rest of October, according to Allstate Insurance Co.... Arizona Council of NAIW Elects New Officers The Arizona Council of the National Association of Insurance Women has elected Betty Watson of Passey-Bond Co. in Mesa as Arizona Council... The Buckner Co. Named One of Utah's Fastest Growing Companies The Buckner Co. has been honored for the second yar in the row by the Mountain West Capital Network's Utah 100 Event. MWCN has organized the... More West News International Global Regulators Call for Curbs on Credit Rating Agencies Global regulators called on national authorities on Wednesday to curb the role of credit rating agencies in the financial system,... Canada's Sun Life Selling Reinsurnace Unit to Berkshire Hathaway Canadian insurer Sun Life Financial Inc. said Wednesday it would sell its reinsurance business to Warren Buffett's Berkshire Hathaway after... ACE Q3 Net Income of $675 Million, up 37%; Operating $688 Million ACE Limited reported net income for the quarter ended September 30 of $675 million, compared to $494 million in Q3 2009, a 37 percent gain.... Fish Processing Ship with 111 Aboard on Fire off UK A fish processing ship with 111 people aboard was ablaze Wednesday in the Atlantic Ocean off England's southwestern tip, British coast... RenaissanceRe Q3 Net Income $204.8 Million; Operating $90.9 Million Bermuda-based RenaissanceRe Holdings Ltd reported net income available to common shareholders of $204.8 million or $3.70 per diluted common... Aspen Q3 Net Down 36% at $92.8 Million; Conference Call Today Bermuda-based Aspen Insurance Holdings Limited reported net income after tax for the third quarter of 2010 of $92.8 million and operating... UK Insurance Broker Jailed over Costa Rican Corruption A London-based insurance broker has been jailed after admitting making or authorizing corrupt payments worth almost $2 million to officials... IAG Reaffirms Fiscal Year 2011 Earnings Guidance Insurance Australia Group Limited (IAG) Managing Director and CEO, Mike Wilkins has advised the Group's shareholders that, after the... Ratings Roundup: Dah Sing, Qualitas, Nissan Global A.M. Best Co. has affirmed the financial strength rating of 'A-' (Excellent) and issuer credit rating of "a-" of Bermuda-based Dah Sing... More International News Insurance Journal Blogs Anatamy of a large account sale This October marks my 31stnd anniversary in the insurance industry. Many things have changed since my first insurance sale. Initially, my... Defining Your Core Values Part II - Small Agencies In Small Towns I have worked with a number of individuals who are great entrepreneurs whose companies have grown rapidly and out-of-control. It is so very... Defining Your Core Values - Small Agencies In Small Towns The question I continue to be asked is how do I make sure that employees will take care of my customers the same as I do. We have previously... Shark Proof Shark Proof The first 30 days following a new sale can be a very vulnerable stage in the sales cycle. Many lost clients have been won back... More News Join the Insurance Journal Network Insurance Journal TV W.R. Berkley: Economic Recovery Depends on Country's State of Mind Economic recovery in the United States is now very dependent on the state of mind of the... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Offroad Racing Insurance Posted: Wed Oct 27 -- I compete in an offroad racing series on the east coast. Our league is wrapping up it's final season with a final race in November.... christhompson Agency Management System Posted: Wed Oct 27 -- Thanks for all of your feedback. It is awesome! For those that use Instar, how do u like it? I also did confirm with the sales rep it runson... koctail State Farm Commission Structure Posted: Wed Oct 27 -- Problem is, the retirement plan that he enjoys is loooong gone with the new contracts. Rochambeau Insured/policyholder dies - what to do? Posted: Wed Oct 27 -- "Call the next of kin. Tell them what policies you have on the deceased. Let them know you are the point... FFA Massachusetts Credit Scoring Posted: Tue Oct 26 -- I do know of a few companies that have violated the rules. EVERYTIME they have been spanked solidly and quietly by the DOI. I would suggest... mica.cooper Go to Forums Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue Top Commercial Lines Agencies; Law Firm Directory; Commercial Property October 18, 2010 Download Full Issue 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 Consultant Accounting Operations Manager - Plantation, FL Do You Want Your Own Agency? 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 © 2010 by Wells Publishing, Inc.

Cheap Auto Insurance Quote News

Just a quick blog to keep everyone up to date on insurance news and the best ways to get a Cheap Auto Insurance Quote.

Happy Searching
Nick Hubbard