Daily Headlines: Tuesday, July 5, 2011

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July 5, 2011 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Crime Insurance Steps Up to Plate for Little Leagues As Thefts Rise A new lock, a thick door and a steel bar across the shuttered front counter of the Canyon Lake Little League concession stand still ... U.S. Wary of Possible Cuba Oil Spill With Cuba preparing to explore for oil 60 miles from Florida, the complicated politics of U.S.-Cuba relations are impeding U.S. efforts to ... Hanover Completes $474M Acquisition of Chaucer Massachusetts-based The Hanover Insurance Group has completed its acquisition of Chaucer Holdings, a specialty Lloyd's insurance group. ... Willis Launches Bed Bug Insurance Protection for Hotel, Residential Industries Willis today has launched Bed Bug Infestation Recovery Insurance (BBIR). This product, developed in collaboration with Lago Vista, ... Marsh Risk Consulting Launches Information Protection, IP Coverage The protection of critical information and intellectual property (IP) can determine the success or failure of even the most established ... New Chubb Service Assists Businesses With Data Breach Fallout The Chubb Group of Insurance Cos. has introduced a new service to help businesses manage a data breach. In the event of a data breach, the ... Demand for Credit Insurance Product Grows as Fears About Economy Linger As the economic crisis winds down and the economy slowly begins to return to normal, there still remains a high level of uncertainty. This... More National News East Connecticut Increases Motor Vehicle Fees Cash-strapped Connecticut has increased a number of fees and charges at its Department of Motor Vehicles (DMV). Among the fees are an $8 ... State Auto Drops R.I., Limits Coverage in Massachusetts Ohio-based State Auto Insurance Cos. said it will cease writing coverage in Rhode Island and write only certain lines of business in ... Valerio Named Regional Exec for TD Insurance TD Insurance has named Joseph W. Valerio senior vice president - regional sales manager for the Mid-Atlantic region. Valerio will be based ... More East News Midwest Insurers Could Pay $2B for Joplin Tornado Insurance companies already have paid out more than $500 million in claims for the May 22 tornado that struck Joplin, Mo. But the final ... Minnesota Insurance Licensing Activity Frozen as Government Shuts Down The Minnesota Department of Insurance said the shutdown of  the state's government, which became effective July 1, will cause disruption ... Spriggs to Lead State Auto Government Relations Team Élise Spriggs, a 20-year veteran of Ohio's legislative and legal communities, has joined Columbus, Ohio-based State Auto Insurance ... Holborn Adds Brost and Hawn to Executive Ranks Holborn Corporation, an independent provider of reinsurance brokerage services, announced that James Brost and Jeffrey Hawn have joined the ... More Midwest News Southeast Tennessee Workers' Comp Law on Drug Testing Takes Effect A new workers' compensation law on drug testing became effective, July 1, in Tennessee. Supported by the state's business community, ... Amish Men Appeal Safety Lights Conviction to Kentucky High Court Nine Amish men from western Kentucky have asked the state Supreme Court to overturn their convictions for failing to display bright safety ... New Georgia Law Requires Drivers Yield Space to Bicyclists Georgia cyclists are celebrating what they say is the biggest improvement to the state's bike safety laws in decades. A new traffic law ... More Southeast News South Central Analysis: Arkansas Health Exchange Faces Steep Odds in 2012  Arkansas' top insurance official says he'll "go down fighting" in favor of the state setting up insurance exchanges under the federal ... Hub International Acquires Texas-based Roy Agency Chicago-based Hub International Limited (Hub) has acquired the Roy Agency Inc. (Roy), an insurance brokerage firm headquartered in Plano, ... Pres. Obama Signs Disaster Declaration for Texas Wildfires President Barack Obama has signed a major disaster declaration for parts of Texas ravaged by wildfires in April and early May, ordering ... More South Central News West California Workers' Compensation Law Draws Scrutiny with NFL Case A leading Republican in the California State Legislature said he will push for an overhaul of a state labor law that makes the Golden State ... Montana Reviewing Pipeline Safety Following Exxon Spill Montana Governor Brian Schweitzer Monday said authorities will review safety of all oil and gas pipelines that cross waterways in the state ... Exxon Claims Mont. Oil Spill Damage Limited, Gov. Doubtful An oil pipeline that spewed tens of thousands of gallons of crude oil into Montana's Yellowstone River was temporarily shut down in May ... U.S. Risk Insurance Group Names Zechlin Senior Broker U.S. Risk Insurance Group Inc., the eighth largest managing general agency and surplus lines wholesaler in the nation, announced that it ... Hawaii Regulator Orders Homeowners Insurers to File New Rates Hawaii Insurance Commissioner Gordon I. Ito has ordered all homeowner insurers to submit new rate filings after a Insurance Division review ... More West News International Stress Test Results Confirm Strength of European Insurance Industry The second stress test of European insurers, conducted by the European Insurance and Occupational Pensions Authority (EIOPA), has confirmed ... China to Tap Foreign Employees for Social Insurance Funds China has enacted a social insurance law that requires foreigners to pay into medical, pension and unemployment funds for the first time, ... Swiss Re Warns Europe of Increasing ‘Soil Subsidence’ from Climate Change According to a new study from Swiss Re, "Europe is witnessing a dramatic increase in property damage as a result of soil subsidence."  A ... Japan’s Nippon Life to Invest in Germany’s Allianz Privately held Nippon Life Insurance Co. said on Tuesday it will invest 500 million euros ($709 million) in Germany's Allianz Se , amid an ... U.S. Calls for Cross-Border Laws to Counter Cyber Attacks Cyber criminals are outwitting national and international legal systems that fail to embrace technological advances, a top U.S. official ... Survey Shows Europe’s Top 10 P&C Insurers Grew Premiums by 5.2% in 2010 Spain's MAPFRE has published its 7th annual survey of Europe's non-life insurers, ranking them by gross premiums written. The survey found ... Lloyd’s Sees Opportunities in Emerging Markets As levels of international trade and the importance of emerging economies increase, Lloyd's has been very active in its efforts to open ... Lloyd’s Novae calls off Merger talks with Omega Lloyd's Novae Group plc announced that it has informed the advisers of Omega Insurance, another Lloyd's insurer that it "has withdrawn from ... 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 Consolidation Nation The big state agency that oversees insurance producers in New York State will soon become a... Watch Now Agent-Customer Conversations Offer P/C Insurers New Insight into Sales Process Simulating conversations between an insurance agent and a customer during the selling process... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums CA-Guaranteed Replacement Cost Posted: Sat Jul 2 -- HO-411 Guaranteed Replacement Cost, affects Coverage A, B, C, and D limits. It's not exactly "unlimited" as the endorsement or some people... RKunz2 Agency Management Systems Posted: Mon Jun 27 -- I've used AgencyPro for several years and love it. I do both direct and agency bill policies and the accounting works just fine for me. It... Marina Non Compete Insurance? Posted: Mon Jun 27 -- Thank you all for your input. From my experience non-competes are inforcable in NJ. After speaking with an underwriter a D&O policy seeems... Playitsafe Go to Forums Reader Comments Federal Appeals Court Upholds Individual Health Insurance Mandate Posted: Wed Jun 29 -- Everyone, Just read the Constitution and honestly make up your own mind as to what the authors of this great document had in mind to the... Sarah Federal Appeals Court Upholds Individual Health Insurance Mandate Posted: Wed Jun 29 -- This is like saying that because the housing industry is in trouble all renters will be required to purchase a home by 2014 - thereby... Richelene Federal Appeals Court Upholds Individual Health Insurance Mandate Posted: Wed Jun 29 -- All I can say if you thought that November of 2010 was a romp! just wait until November 2012. The only democrat in congress will be sweeping... Sarah Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue Agency Management Systems, Commercial Auto, Digital Product Guide 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 Director of Marketing Product Manager - Specialty Agribusiness Underwriter - (JP10266) 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.

Identifying Professional Liability Exposures

Having trouble reading this email? View it as a webpage. Not interested anymore? Unsubscribe instantly. Identifying Professional Liability Exposures This class will provide you with a strong understanding of the insureds' professional liability exposures. These exposures differ radically from the usual general liability exposures; further, some very unexpected classes of business are subject to professional liability claims. Litigation and legislation are constantly working to expand the responsibilities of all service providers, increasing the numbers and types of insureds that should purchase professional liability coverage. Click Here to Register What you will learn in this webinar: Understand the differences between General Liability and Professional Liability exposures Identify the major lines of professional liability coverages Identify insureds' professional liability exposures Prioritize insureds' professional liability exposures 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, July 7th 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 Wednesday, July 6th) Have questions or need help? Send an email to webcasts@insurancejournal.com or call Barbara at 800-897-9965 x120. Date: Thursday, July 7th, 2011 Time: 1:30pm EDT / 10:30am PDT Duration: 1 Hour Price: Save $40 until July 6th! Register today for just $89! Click Here to Register Instructor: Chris Christian, CIC, RPLU Industry leader and experienced broker, specializing in professional liability. More Great Training Coming Soon: JUL 13: Five Claims Secrets No Lawyer Wants You to Know - Have you ever wondered how attorneys - who attend exactly none of our industry's plethora of training, continuing education (CE), or designation sessions - have managed to create a massive profit niche out of inserting themselves into insurance claim resolutions? JUL 14: Writing Lawyers' Professional Liability Coverage - In today's competitive and aggressive legal environment, insurance professionals dealing in lawyer's malpractice need to be well versed in the coverage's and products available within the marketplace. JUL 20: Understanding and Explaining Ordinance or Law Coverage - This class details the essential coverage provisions found in the two ordinance or law endorsements and demonstrates how this coverage can save your insureds (and you from an E&O perspective) hundreds of thousands of dollars in out-of-pocket expenses. JUL 21: How to Read a Professional Liability Policy (2 Part Series) - The student of this two-part series learns the basic lexicon that's unique to professional liability, as well as the core concepts that differentiate this segment of the insurance industry from other liability lines. JUL 26: Producer Performance Development Program (8 Sessions) - This program is designed for newer producers and will re-energize experienced producers who have lost the edge in developing new business. Send to a Friend | Contact Us | Subscribe | Unubscribe | Privacy Policy Insurance Journal 3570 Camino del Rio North, Suite 200 San Diego, CA 92108 (800) 897-9965 Copyright © 2011 by Wells Publishing, Inc.

Insurance Journal TV: From Accidental Agent to Insurance Goddess

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July 5, 2011 Feature Video From Accidental Agent to Insurance Goddess Like many insurance agents, Carrie Reynolds never meant to be one. But 15 years after she became in her own words, an "accidental agent," Reynolds is now a principal in Alan Galvez... Watch Now Popular Videos Growing Opportunities for Insurance Industry's Women How Technology is Changing Accident Reconstruction 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: Friday, July 1, 2011

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July 1, 2011 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Analysis: Reinsurers at Risk If Hurricane Season Is Big A major hurricane landfall in Florida could strain leading global reinsurers that have already been buffeted by brutal tornadoes in the ... Insurance Agents Cheer State Commissioners’ Vote on Medical Loss Ratio In a move being applauded by insurance agents, a task force of state insurance regulators has recommended that states support legislation ... Judge Blocks Sierra Club from Lawsuit Against BP A federal magistrate judge has refused to allow the Sierra Club to join a lawsuit filed by the Justice Department against BP and other ... MBIA May Bring Fraud Claim Against Bank of America’s Countrywide MBIA Inc. may pursue a lawsuit accusing Bank of America Corp.'s Countrywide Financial unit of fraudulently misleading it about mortgage ... Chartis Increases Construction Project Capacity to $250 Million The Chartis insurers have doubled their capacity for construction projects from the Global Energy Property unit.  With this increase in ... Totals: U.S. Spring Tornado Losses for P/C Carriers Record-breaking tornadoes devastated parts of the United States in April and May, generating substantial losses for insurance companies. ... Ratings: Intrepid, John Deere, So. Carolina, Arkansas & Louisiana Farm Bureaus A.M. Best Co. has affirmed the financial strength rating of 'A-' (Excellent) and issuer credit rating of "a-" of Michigan-based ... Expert Assesses Cyberinsurance Market: Demand, Prevention, Recovery Demand for cyberinsurance was rising even before the most recent highly-publicized parade of breaches at major corporations and... More National News East Maryland Jury Awards $1.5B Verdict over Gas Leak A Maryland jury in Maryland awarded plaintiffs suing Exxon Mobil more than $1.5 billion for a 2006 leak at a gasoline station, the ... Pennsylvania Governor Signs Workers’ Comp Bill Pennsylvania Gov. Tom Corbett has signed a change to the state's worker's comp laws that will allow insurers to write coverage for owners ... Palumbo Joins Firm as Account Exec Maryland-based agency Palumbo Insurance Associates has named Edmund Thomas Palumbo account executive. Palumbo, a licensed insurance ... More East News Midwest Michigan Shields Public Park Volunteers from Lawsuits Volunteers can help the Michigan Department of Natural Resources with more activities such as improving wildlife habitat, preserving ... Missouri River Levee Fails in Southwest Iowa A Missouri River levee failed near Percival in southwest Iowa on June 30, the National Weather Service said. The breach, about a mile ... U.S. Appeals Court in Ohio Upholds Health Care Law In the first ruling by a federal appeals court on President Barack Obama's health care overhaul, a panel in Cincinnati affirmed that ... Ohio Posts Largest Decline in Unemployment Claims Ohio is reporting the nation's largest decline in new applications for unemployment benefits, while the government says the number of ... Arthur J. Gallagher & Co. Acquires Mortgage Insurance Agency Itasca, Ill.-based international insurance brokerage and risk management services firm, Arthur J. Gallagher & Co., announced it has ... The Motorists Insurance Group Affiliate Rebranded as Motorists Commercial Mutual American Hardware Mutual Insurance Co. has been renamed Motorists Commercial Mutual Insurance Co. after receiving approval from ... More Midwest News Southeast Gulf Oil Spill Claims Fund Too Slow: U.S. Attorney General The fund oil firm BP set up to deal with compensation claims after last year's Gulf of Mexico oil spill is working too slowly, U.S. ... Mississippi High Court to Hear Appeal in Lawyer Fees Case It's round two for Republican state Auditor Stacy Pickering and Democratic Attorney General Jim Hood in a fight over the constitutionality ... Insurers Cover Mississippi County for Misuse of Funds A second bond company has reached a settlement in the state auditor's investigation of former Alcorn County Supervisor Danny Crotts. RLI ... Florida’s Homeowners Choice Names Patel as New CEO Homeowners Choice, a Florida-based provider of homeowners' insurance, has named a familiar executive to be its new chief executive ... Lowery Joins Appalachian Underwriters for Carolinas Wholesaler Appalachian Underwriters Inc. (AUI) has hired veteran Robert Lowery as a broker for the Carolina region. Lowery brings 30 years ... More Southeast News South Central Hallmark Financial Completes Acquisition of Texas Builders Insurance Hallmark Financial Services Inc., based in Fort Worth, has completed its previously disclosed acquisition of TBIC Holding Corporation, ... Kuchta Joins Texas-based Homeowners of America Insurance Homeowners of America Insurance Co., based in Irving, Texas, has added Heidi Kuchta as sales representative for the Fort Worth area. Kuchta ... Many South Texas Windstorm Inspections Turn Out to Be Bogus Owners of more than 400 homes and businesses in South Texas will be notified that their windstorm insurance reviews were done by a bogus ... More South Central News West 76 File Workers’ Comp Appeals in Oregon There were 76 Workers' Compensation Board decisions appeals to the Oregon Court of Appeals in 2010 -- one more than in 2009 -- according to ... McKenna Insurance Changes Name to BasePoint Insurance Bonita, Calif.-based McKenna Insurance Services has changed its name to BasePoint Insurance Services. This change becomes effective on July ... Wildfire Still Threatens Los Alamos Nuclear Facility Wildfire is threatening Los Alamos National Laboratory in northern New Mexico, AccuWeather.com has reported. Although an increase in ... Insurance Educational Association Names Carlson Dir. of Sales The Insurance Educational Association has named Patricia Carlson director of sales. Carlson is well-known in the California insurance ... More West News International TS Arlene Lashes Central Mexico with Heavy Rains Large swathes of central Mexico were hit by torrential rains as Arlene, the first tropical storm of the Atlantic hurricane season, touched ... Willis Re Sees Reinsurers Reacting as $48 Billion Losses Take Their Toll The Willis Re's 1st View Renewals Report for June/July 2011, entitled - "Mixed Messages"- estimates that "a string of natural ... UK’s Legal Expense Insurers Say Referral Fees Cause for Claims Increase The UK's Legal Expenses Insurance Group (LEIG) has taken issue with claims that the rise in lawsuits over automobile accidents are ... AIR Analysis Sees Minimal Damage in Mexico from TS Arlene Dr. Tim Doggett, principal scientist at AIR Worldwide, has analyzed the possible impact of Tropical Storm Arlene, and its heavy ... Container Shipper Suspends Some Iran Operations over Sanctions The world's largest container firm suspended operations at several Iranian ports on Thursday, potentially disrupting critical food ... More International News Sponsored Content Lexington Insurance CEO to Speak at MarketScout's Entrepreneurial Insurance Symposium Eastwood perpetuating Lexington's leadership role in innovation DALLAS, TX, June 30, 2011 -- Peter Eastwood, President and CEO of ... More Sponsored Content Join the Insurance Journal Network Insurance Journal TV Consolidation Nation The big state agency that oversees insurance producers in New York State will soon become a... Watch Now Agent-Customer Conversations Offer P/C Insurers New Insight into Sales Process Simulating conversations between an insurance agent and a customer during the selling process... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums CA-Guaranteed Replacement Cost Posted: Thu Jun 30 -- I have had several requests from consumers for Guaranteed Replacement Cost. I really don't want to offer the coverage, but felt I should do... asiebum Agency Management Systems Posted: Mon Jun 27 -- I've used AgencyPro for several years and love it. I do both direct and agency bill policies and the accounting works just fine for me. It... Marina Non Compete Insurance? Posted: Mon Jun 27 -- Thank you all for your input. From my experience non-competes are inforcable in NJ. After speaking with an underwriter a D&O policy seeems... Playitsafe Go to Forums Reader Comments Federal Appeals Court Upholds Individual Health Insurance Mandate Posted: Wed Jun 29 -- Welcome to Canada or England. I hope Barry, Harry and Nancy are happy with the United Socialist States of America. Some people say Barry O,... Bill Federal Appeals Court Upholds Individual Health Insurance Mandate Posted: Wed Jun 29 -- Everyone, Just read the Constitution and honestly make up your own mind as to what the authors of this great document had in mind to the... Sarah Can U.S. Make Phoning While Driving as Taboo as Drunk Driving? Posted: Fri Jun 24 -- Texting creates a level of distraction that is much higher than talking while driving. Research has found that just talking on a cell phone... Perplexed Federal Appeals Court Upholds Individual Health Insurance Mandate Posted: Wed Jun 29 -- This is like saying that because the housing industry is in trouble all renters will be required to purchase a home by 2014 - thereby... Richelene Federal Appeals Court Upholds Individual Health Insurance Mandate Posted: Wed Jun 29 -- This is pathetic - we're not to far from being told how to breath, when and where. To much goverment involvement in our lives - we should be... Maxine Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue Umbrellas - Personal & Commercial, Construction, Apartment Buildings 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 Director of Marketing Product Manager - Specialty Agribusiness Underwriter - (JP10266) 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.