Insurance Journal TV: Choosing the Entrepreneurial Route at Lockton

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April 12, 2011 Feature Video Choosing the Entrepreneurial Route at Lockton Lockton, the world's largest, privately owned, independent insurance broker, has more than 3,800 associates. One of them is 37-year old Amy Oswick, who switched from working for... Watch Now Popular Videos Young Agents Aid in Business Perpetuation Mortgage Brokers' E&O in the Spotlight More Insurance Videos Watch InsuranceJournal.tv Subscribe to our iTunes Channel 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 © 2011 by Wells Publishing, Inc.

Daily Headlines: Monday, April 11, 2011

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April 11, 2011 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National How Rising Energy Prices Affect P/C Insurance The leveling off of the world's oil supply and the resulting rising gasoline prices and their economic impact carry implications for ... Federal Reserve Plans 2 Auctions of AIG Mortgage Securities The Federal Reserve Bank of New York is planning two auctions of risky mortgage-backed securities from its Maiden Lane II portfolio next ... 3 Most Common Errors That Lead to Teen Drivers’ Crashes Teen drivers get into serious accidents at a high rate because they fail to scan for possible hazards, go too fast for road conditions, or ... U.S. Pay Czar Allows AIG Flexibility with Pay Packages at AIG The U.S. pay czar will allow bailed-out firms American International Group, Ally Financial and General Motors to be flexible with their ... U.S. Plan Would Restart Mexico Trucking Long-haul trucks from Mexico would be allowed to operate throughout the United States for up to three years under a pilot plan aimed at ... Allied World Introduces Small to Mid-Size Company Privacy Coverage Allied World Assurance Company Holdings, AG has introduced Allied World U.S.'s new privacy and network security insurance product, ... By-Peril Rating Plan Advances More Precise Homeowners Rating The pricing of homeowners insurance, traditionally a matter of averaging all risks, is becoming more precise and customized to the... More National News East Connecticut Says Bus Firm Uninsured Buses Connecticut officials say they are investigating a charter bus company that allegedly transported 250 students to Washington, D.C., on ... Pennsylvania High School Ex-Football Player Sues over Concussions A former high school football player has sued a western Pennsylvania school district over concussions sustained during games in 2007. The ... AmWINS Names Hegarty as Assistant VP AmWINS Brokerage of New York has named Robert Hegarty assistant vice president and casualty broker. Hegarty 15 years of insurance industry ... More East News Midwest Wide Tornado Cuts a Swath Through West Iowa Town A large tornado flattened a grain elevator and destroyed homes and buildings on its weekend rampage through the small western Iowa town of ... Minnesota Human Services Department Loses Age-Bias Case A federal judge said the Minnesota Department of Human Services must pay about $467,000 to 29 former employees to resolve an age ... $5.7M Awarded to Kansas Crash Victims’ Family A southeast Kansas man whose wife and daughter were killed when a fleeing driver hit their car has been awarded $5.7 million in damages. ... Red River Begins Slow Decline in Fargo Area The Red River Sunday had started a gradual decline in the Fargo-Moorhead area after reaching a preliminary crest at the fourth-highest ... More Midwest News Southeast Alabama Insurance Pool Grows As Private Market Shrinks More Alabama homeowners are seeking their insurance coverage through the state's windpool as the trend of private insurers shedding their ... Florida House Panel Approves Medical Liability Bill A bill that would further reform medical malpractice suits in Florida has been approved by a House panel. The bill increases the burden of ... Workers’ Comp TV Show Pilot Begins Filming in Florida Hollywood thinks workers' compensation can be funny. Workers' Comp, a half-hour TV comedy about crazy employees handling absurd and ... More Southeast News South Central RHSB Appoints Hughston as CEO, Names New Board Members Dallas-based insurance brokerage firm Roach Howard Smith & Barton (RHSB) has appointed Tom A. Hughston as its new chief executive ... Parts of Ft. Davis, Thousands of Acres Burn in Texas Firefighters struggled on April 10 to bring a massive wildfire in the Fort Davis, Texas-area under control. The fire has burned more than ... Court Decision Frees up Louisiana Road Home Money for 120 State officials say a federal appeals court ruling in a lawsuit involving the Louisiana Road Home hurricane relief program will allow them ... More South Central News West Death Toll Hits 5 in Hawaii Fireworks Bunker Blast The death toll from an explosion at a fireworks storage site in Hawaii rose to five after a bomb squad recovered the bodies of two missing ... California Insurance Agent Pleads Guilty for Grand Theft The California Department of Insurance announced that insurance broker Christopher Luna has pleaded guilty at the West Covina, Calif., ... More West News International Tokyo Rethinking Its Earthquake Plan After Japan Disaster More than 10,000 people dead, hundreds of thousands injured, nearly one million buildings destroyed, millions forced to evacuate and a ... Goldman Buys 12% Stake in China Insurer Goldman Sachs has bought a 12.02 percent stake worth more than $900 million in China's Taikang Life Insurance Co. Ltd, giving the Wall ... More International News Join the Insurance Journal Network Insurance Journal TV Soft Market Is Finally Ending, Really, Says SNL Financial Could the long soft market really be over? Several recent reports concluded it is not over.... Watch Now Will Deficit Debate Affect Flood Insurance? Taxes? Following the November elections, Congress and the White House, as well as states, have... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums How can a new agent obtain appointments? Posted: Mon Apr 11 -- It is very difficult for a very new agency, most especially if you have not been licensed for very long, to get independent agency... AgencyEquity Allied Insurance - Agency terminations. Posted: Mon Apr 11 -- I know in California, by law they must send out the Auto Renewals for all good drivers. I would think they would do that under your own... AgencyEquity PL Rater Posted: Sat Apr 9 -- Anyone use PL Rater in California? We're on the fence between EZLynx and PL Rater and currently use FSC. The major advantage we see of PL... fauxfive55 CA towing wc Posted: Fri Apr 8 -- What carriers offer WC for Tow Trucks Co in CA, I'm Having a hard time finding a carrier sthat accepts this risk. The insured is currently... JAM Go to Forums Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue Big "I" Issue (with Young Agents Survey), Entertainment / Sports / Special Events, Directors & Officers Liability 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 Chief Information Officer Insurance Sales Agents Underwriting Manager 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 © 2011 by Wells Publishing, Inc.

Is That an Umbrella or Excess Policy?

Having trouble reading this email? View it as a webpage. Not interested anymore? Unsubscribe instantly.   Unraveling the Mysteries Behind Excess and Umbrella Liability Insurance Learn how to prevent gaps in coverage between the excess and umbrella liability policy and the underlying liability insurance policies to minimize potential E&O exposures. This information-packed, two-part series starts this week Date: Wednesday, April 13 and April 20 Time: 1:30 PM - 2:30 PM ET Register today and save $40 on your registration! Part 1: Wednesday April 13, 2011 Part 1 begins with a brief overview of the most relevant parts of the underlying coverages: Commercial General Liability, Commercial Auto Liability, and Employers Liability. This discussion focuses on and includes: - each policy's insuring agreements, - exclusions and important exceptions to those exclusions, - and policy definitions. In Part 1, we will cover: Factors which drive the need for excess and umbrella liability insurance Basic differences between excess and umbrella liability insurance Supported vs. unsupported excess and umbrella liability policies, including advantages and disadvantages of each Three basic types of excess liability policies and how each is designed to work Specific and aggregate excess liability policies Basic functions of umbrella liability policies Application of the SIR in both drop-down and aggregate impairment/exhaustion situations Requirement of underlying or primary coverages and limits Aggregate limits in umbrella liability policies Different types of insuring agreements in umbrella liability policies Register today and save $40 on your registration! Part 2: Wednesday April 20, 2011 In Part 2, we will cover: Critical definitions in umbrella liability policies Implications of occurrence vs. claims made coverage triggers Variations on handling of defense coverage Typical types of and reasons for exclusions in the umbrella/excess policies Endorsements typically available PLUS the reasons for their use Maintenance of underlying insurance provision Coverage territory Structuring an overall liability insurance program and avoiding potential pitfalls Summary comments, including important recommendations to agents and brokers to assist in avoiding E & O exposures in placing excess and umbrella liability insurance When you register, you get: Access to the live trainings (Wednesday, April 13th and 20th at 1:30PM EDT) 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 Register today and save $40 on your registration!   Coming this week to Academy of Insurance Unsubscribe | Send to a Friend | Contact Us Insurance Journal 3570 Camino del Rio North, Suite 200 San Diego, CA 92108 (800) 897-9965 Copyright © 2011 by Wells Publishing, Inc.

Daily Headlines: Gov't Shutdown Effect on P/C Industry

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April 8, 2011 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Effect of Federal Government Shutdown on Insurance Industry If Congress fails to pass a budget for the rest of 2011 and the federal government temporarily shuts down, it should still be ... Medical Errors 10 Times More Frequent Than Reported, New Research Says Medical errors and other adverse events occur in one-third of hospital admissions, which is as much as 10 times more than some previous ... Preparing For The Hurdles Ahead Think of what happened in the neighborhood travel agency the first time an online travel Web site started doing business. Did those first ... Insurer Sues Celebrity Heiress Paris Hilton Over Missing Jewels Paris Hilton is holding $60,000 of jewelry that does not belong to her and should give it back, a new lawsuit contends. A German insurer, ... Academy Blog: How the Insured sees his house! Does this sound familiar? Comment on our blog. By-Peril Rating Plan Advances More Precise Homeowners Rating The pricing of homeowners insurance, traditionally a matter of averaging all risks, is becoming more precise and customized to the... More National News The Future of Insurance Production and Distribution The new insurance distribution system is not your daddy's distribution system. Did you know that 80% - 90% of all purchasing decisions START on the Internet? What does that mean for you and your business' future? Live training Thursday, April 14. Space is limited. Learn more and reserve your seat today! East Pennsylvania Nears Final Vote on Tort Reform Bill People who are awarded civil judgments against multiple parties would no longer be able to collect all of it from any single defendant ... Rhode Island Cliff Walk Lawsuit Continues Against State A New York man who became a quadriplegic after he fell from the Cliff Walk in Newport, Rhode Island on his honeymoon has settled with the ... Virginia House Overrides Veto of MedMal Cap By a lopsided margin, the Republican-ruled Virginia House of Delegates has rejected Republican Gov. Bob McDonnell's veto of a bill that ... More East News Midwest Texas Company Sued for Abuse of Iowa Workers A Texas company is accused of severely abusing and discriminating against 31 mentally disabled men who worked at an Iowa turkey processor, ... Report: Health Plans in Midwest Will Struggle with Medical Loss Ratio HealthLeaders-InterStudy, a provider of managed care market intelligence, reports that some health insurers in Illinois, Iowa, Kansas and ... Workers' Comp Costs per Claim Rise in Minnesota Workers' compensation costs per claim for injured workers in Minnesota have grown, but at a slower pace than other study states, ... More Midwest News Southeast West Virginia to Subsidize Volunteer Firefighters’ Workers’ Comp The doors of West Virginia volunteer fire departments will stay open thanks to a new law that will help offset their workers' ... ‘Katrina’ Federal Judge Senter of Mississippi Retiring U.S. District Judge L.T. Senter Jr., who presided over hundreds of Hurricane Katrina insurance cases, is retiring Friday. The Sun Herald ... PointeNorth Acquires 2 Georgia Agencies Atlanta-based PointeNorth Insurance Group has acquired two Georgia agencies. PointeNorth acquired Hodges & Associates, an ... Appalachian Underwriters Buys Reliance Administrators of South Carolina Tennessee-based wholesale insurance broker Appalachian Underwriters Inc. has obtained the assets of Reliance Administrators, Inc., a Rock ... Florida’s Patriot National Group Appoints Zamary Patriot National Insurance Group has appointed Robert Zamary as senior vice president of the newly formed Client Enterprise Services ... More Southeast News Unraveling the Mysteries Behind Excess and Umbrella Liability Insurance (2-Part Series) Learn how to prevent gaps in coverage between the excess and umbrella liability policy and the underlying liability insurance policies to minimize potential E&O exposures. Live training Wednesday, April 13 and April 20. Plus get the recordings so you don't miss anything! Space is limited. Learn more and reserve your seat today! South Central Texas’ February Enforcements Bring Nearly $1M in Fines, Restitution Enforcement actions taken by Texas Insurance Commissioner Mike Geeslin that became final during February 2011 resulted in fines and ... O'Hare Joins Texas-based Medicus as Claims Director Medical professional liability insurance carrier, Austin, Texas-based Medicus Insurance, announced that James O'Hare as has joined the ... Louisiana Workers' Comp Corp.'s Financial Strength Rating Affirmed A.M. Best Co. has affirmed the financial strength rating (FSR) of A (Excellent) of Louisiana Workers' Compensation Corporation (LWCC), ... More South Central News West California Jury Awards $4.5 Million for Malpractice A Burbank, Calif., jury has awarded a woman $4.5 million in a medical malpractice case she brought against a La Canada Flintridge physician ... Ascension Insurance Acquires California's Walter L. Clark & Associates Kansas City, Mo.-based Ascension Insurance Inc. announced it acquired Walter L. Clark & Associates Inc., headquartered in Fresno, ... New Mexico Regulator OKs Insurance Company Rate Request State Insurance Superintendent John Franchini has approved a double-digit rate increase for Blue Cross and Blue Shield of New Mexico. The ... More West News International UPDATE: U.N. Climate Change Agenda Agreed, Roadmap Set for 2011 Rich and poor nations overcame deep divisions on Friday to cut a deal that maps out U.N. climate negotiations for 2011, building on last ... News of the World Admits Phone Hacking Liability Rupert Murdoch's powerful British news operation reversed course on Friday and admitted responsibility in a phone hacking scandal that had ... Ghost of Cancun Haunts Bangkok Climate Talks The deep divisions apparently bridged by last December's climate deal in Cancun opened anew this week at U.N. talks in Bangkok, undermining ... Goldman Buys 12.02% Stake in China’s Taikang Life Goldman Sachs has bought a 12.02 percent stake worth more than $900 million in China's Taikang Life Insurance Co Ltd, giving the Wall ... UK Moratorium on Use of Genetic Testing Extended to 2017 Says ABI The Association of British Insurers (ABI) announced that the long-standing Concordat and Moratorium on Genetics, agreed with the Department ... Willis Acquires 22.5% Stake in So. Africa Benefits Provider Amabubesi Willis Europe BV, a division of Willis Group Holdings, announced the conclusion of a transaction whereby Willis South Africa has acquired ... ACE Covers Trustee Liability for UK Low Cost Pension Scheme The ACE European Group announced that it has been appointed with its partner OPDU (The Occupational Pensions Defence Union) to "provide and ... Munich Re in ‘First-time’ Guarantee of Solar Modules in France Munich Re announced that it has agreed to guarantee the performance of solar modules in France for the first time. The reinsurer will be ... More International News Join the Insurance Journal Network Insurance Journal TV Soft Market Is Finally Ending, Really, Says SNL Financial Could the long soft market really be over? Several recent reports concluded it is not over.... Watch Now Will Deficit Debate Affect Flood Insurance? Taxes? Following the November elections, Congress and the White House, as well as states, have... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Attorney considering CPCU- thoughts? Posted: Fri Apr 8 -- Try to be specialized in your field .Personal injury attorneys are doing very well these days tiff-laws Agency Management System Posted: Fri Apr 8 -- I have been a Partner user for 10 years, and Partner XE for almost a year. No problems, well satisfile. fchelf Looking for an opinion Posted: Thu Apr 7 -- Excellent points and feedback from all you guys, will look into the possibility to get some aggregators, I have some good GA's that have... Mannyace QQ Evolution/Solution Management System? Posted: Thu Apr 7 -- Well agent79, We're a small agency looking to graduate from doing stuff on excel and get a management system. I've checked out the demos... Brand high value homes Posted: Wed Apr 6 -- What State is the property located on? if in California, I recommed Commerce West on the Elite Program, and if you insure the vehicles as... 805roper Continuing Education ... Masters Degree in Insurance? Posted: Wed Apr 6 -- I agree as well. In far less time, you can learn almost as much as there is to know about a subject by completing the right designations. An... alx730 Go to Forums Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue Big "I" Issue (with Young Agents Survey), Entertainment / Sports / Special Events, Directors & Officers Liability 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 Chief Information Officer Insurance Sales Agents Underwriting Manager 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 © 2011 by Wells Publishing, Inc.