Daily Headlines: Tuesday, April 26, 2011

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April 26, 2011 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Overcapacity in P/C Insurance Keeping Commercial Prices Down Most commercial lines insurance prices continued their downward trend in the first quarter, as underwriters' efforts to hold the line on ... RIMS, Chartis Launch Hall of Fame for Risk Managers The Risk and Insurance Management Society (RIMS) and global insurer Chartis have announced the formation of the Risk Management Hall of ... Baudouin Appointed CEO of Aon Global Client Network Aon Risk Solutions has appointed Christopher Baudouin as chief executive officer of the Aon Global Client Network. Most recently, Baudouin ... IronPro Introduces Kidnap & Ransom Coverage IronPro, the professional liability unit of Ironshore Inc., has introduced a kidnap & ransom product to complement its suite of ... NFIB, EMPLOYERS Expand Work Comp Program to Additional States The National Federation of Independent Business (NFIB) has extended  discounted workers' compensation coverage benefits to its members ... Supreme Court Denies Fast Track for Healthcare Law Challenge The Supreme Court refused Monday to speed up a ruling on President Barack Obama's healthcare overhaul, his signature domestic achievement ... SEC: Mid-Size Firms Should Follow Sarbanes Oxley Internal Control Accountants at the U.S. securities regulator are recommending that medium-size public companies should not be exempted from a key auditing ... Standard & Poor's Report: Expect Increased Volatility, Competition for D&O Insurers The directors and officers' liability (D&O) product line could become unprofitable within the next few years--if it hasn't done so... More National News East Jury in Virginia Hearing $20M Suit Against Botox Maker A Fredericksburg man is suing the maker of the drug Botox for more than $20 million, claiming injections to relieve writer's cramp in his ... New York Neighbor Sues Chef over Eatery’s Trash A neighbor says star chef and New York City restaurateur David Bouley's trash is really bugging him. W. Robert Curtis says in a lawsuit ... Judge Tosses Worker’s Suit over NYC Office Bedbugs A former TV news staffer's pioneering lawsuit over bedbug bites she received at her office has been thrown out by a judge who said workers ... Top Judge on Delaware Business Court to Leave The chief judge of Delaware's Chancery Court, whose rulings in cases involving Walt Disney Co, Hewlett Packard Co. and eBay Inc. made him ... More East News Midwest Crump Hires Landry in Cincinnati, Expands National Property Practice John Landry has joined Crump Insurance Services Inc.'s (Crump P&C) national property practice as senior vice president in Cincinnati, ... Extended Auto Warranty Company Settles Missouri Lawsuit for $125K Missouri is set to receive $125,000 under a settlement with a vehicle extended service contract seller. Attorney General Chris Koster said ... More Midwest News Southeast Tennessee Insurance Agents Win Investigation Protections, Lower Fines Tennessee insurance agents who come under investigation by the state will enjoy some new due process protections and face lower financial ... South Carolina Nixed Insurance for Train Victims Over Liability Fear Legal advisers shut down a South Carolina fund proposed by Spartanburg County leaders and Gov. Nikki Haley's office that would have paid ... Scott Joins Florida’s Corporate Insurance Advisors Fort Lauderdale, Fla.-based insurance brokerage firm Corporate Insurance Advisors (CIA) has added Alex Scott to its team of producers as it ... Crone Joins McCart Group in Georgia Phillip Crone has joined The McCart Group in Georgia as managing director of business development and growth. Crone will work closely with ... Alabama Boosts Tax Break for Small Businesses Buying Health Insurance Alabama Gov. Robert Bentley has signed legislation increasing the state income tax deduction that small businesses get for supplying health ... CEO of Florida’s Homeowners Choice Resigns for Personal Reasons Homeowners Choice Inc., a Clearwater, Florida-based provider of homeowners' insurance, reported that Francis X. McCahill III has resigned ... More Southeast News South Central Hail Storm Slams Abilene, Brings Some Relief to Wildfire Area Baseball size hail hit Abilene, Texas, on April 24 causing property damage to vehicles, homes and businesses. Hail fell from a line of ... Officials Say Oklahoma Tornado Causing Financial Woes A tornado that  destroyed 149 structures in Oklahoma's Atoka County on April 14 is causing a major financial strain on residents and ... More South Central News West Washington Special Legislative Session to Address Workers’ Comp Washington's Legislature is being called into a special session that starts today at 9 a.m., with workers' compensation insurance among the ... Wyoming Lawyer Disappointed in Public Censure The Wyoming Supreme Court has issued a formal public censure of a Rock Springs attorney. The Wyoming State Bar says Clark D. Stith was ... Lockton Adds Employee Benefits Consultants in San Jose Four employee benefits consultants have joined Lockton in its San Jose, Calif. office: Linda Wieck, senior vice president and unit manager; ... Oregon Sees 4 Workplace Fatalities in Q1 2011 Oregon recorded four compensable workplace fatalities in the first quarter of 2011, compared to seven compensable workplace fatalities for ... More West News International Arab Political Shocks Demand Risk Rating Rethink Attempting to predict the future, rather than imagining possible versions of it, may have blinded risk analysts to the likelihood of this ... Global Reinsurers at ‘Critical Point’ Says Best’s Report A new special report, compiled by A.M. Best, concludes that the "string of major catastrophes, a persistent soft market and the near ... SCOR to Buy Aegon’s Transamerica Reinsurance Unit for $913 Million French reinsurer SCOR is set to pay $913 million for most of Dutch insurer Aegon's Transamerica Reinsurance operations. When concluded, the ... McLaren Group Selects Aon as Global Broker Aon Risk Solutions, the global risk management business of Aon Corp., in the UK, has been appointed the global insurance broker for the ... 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 Nursing Home (TX) Posted: Tue Apr 26 -- I'm needing a good market for a nursing home. Property, CGL, BI, flood, & windstorm. Thanks! Smalltownagent 13,000 properties needing property insurance Posted: Tue Apr 26 -- I am doing a work for Company A that provides a home rental listing service and connects home owners with people who want to rent their home... hannah.cca How should I compensate my producers? Posted: Mon Apr 25 -- We have found over the years that the only producers who have worked out have been commission only with no base salary. If you think about... justthere Business Networking Posted: Mon Apr 25 -- I have found that you have to find one that you like and go to it religiously. It took 5 months for my first sale and then it helped build... justthere Monoline Work Comp - 9610 class code Posted: Mon Apr 25 -- I am looking for a monoline work comp market that can cover the 9610 class code in all states including voluntary comp, but primarily in NY... SWilman CPCU classes vs. CLU classes Posted: Mon Apr 25 -- To keep everyone updated on my progress, I took and passed CPCU 520 on Saturday 4/23. Just got my grades this morning and got a b on it. I... bjwestner Using a recorder for CPCU study Posted: Mon Apr 25 -- Interesting question. I purchased a recorder for my most recent exam that I took. I did this because in taking my CLU and RHU courses, I... bjwestner What are some creative ways to market commercial accounts? Posted: Mon Apr 25 -- I am looking for some creative ways to market commercial clients. If you have tried something and it works I would love to hear what you... akasubowski Go to Forums Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue Agency Salary Survey, Medical Professional Liability, Business Interruption / Business Income, Education & Training Directory 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 Controller Executive Agents Producer 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.

Kidnap & Ransom Coverage Fundamentals, this Thursday

Having trouble reading this email? View it as a webpage. Not interested anymore? Unsubscribe instantly.   Learn the Fundamentals of Kidnap & Ransom Coverage One-hour webinar this Thursday Date: Thursday, April 28, 2011 Time: 1:30 PM - 2:30 PM ET Often misunderstood and undersold, this coverage can make or break not only the financial health of a company, but the health and safety of its owners and key employees. Exposures are more widespread than agents or insureds imagine. What you will learn in this one-hour webinar: Respond to common misconceptions about Kidnap & Ransom and how it works Identify who needs the coverage Overcome objections regarding purchase Evaluate the variety of offerings in the marketplace Register today and save $20 on your registration! (special pricing expires Wednesday, April 27) When you register, you get: Access to the live webinar (Thursday at 1:30PM ET) 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 $20 on your registration! (special pricing expires Wednesday, April 27)   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.

Insurance Journal TV: Spring Flooding Renews NFIP Anxiety

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April 26, 2011 Feature Video Spring Flooding Renews NFIP Anxiety Agents across the country are concerned about what will happen in September when the most recent extension of the National Flood Insurance Program (NFIP) expires. On the wish list... Watch Now Popular Videos Agents Await Final Signature on 1099 Bill Catastrophe Models Don't Tell Entire Story, Says Pioneer Clark 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.

You're Not Ready for That Call

Having trouble reading this email? View it as a webpage. Not interested anymore? Unsubscribe instantly.   Pre-Call Strategy: Because Good prospects are hard to come by Live online training plus Q&A session Date: Wednesday, April 27, 2011 Time: 1:30 PM - 2:30 PM ET Good prospects are hard to come by. When opportunity knocks, you need to prepare to win. In this webinar, you will learn a well defined, strategic approach to capitalize on opportunities and maximize your chances for success. What you will learn in this one-hour webinar: 7 critical pieces of information you need on every prospect What to bring with you on every appointment The strategic pre-call process Using the pre-call to uncover prospect pain What questions to ask, and what questions to avoid How to prepare your differentiation impact statements Register today and save $20 on your registration! (special pricing expires Tuesday, April 26) When you register, you get: Access to the live training (Wednesday at 1:30PM ET) 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 $20 on your registration!   Coming soon 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: Monday, April 25, 2011

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April 25, 2011 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Military’s Medical Malpractice Shield Law Could Face Key Test Veterans, military families and others who oppose a decades-old law that shields military medical personnel from malpractice lawsuits are ... High Stakes in Today’s Supreme Court Case on Securities Fraud Suits The U.S. Supreme Court on Monday is set to hear arguments in a case that could dramatically raise the bar for shareholders seeking to file ... Is Buffett’s Teflon Finally Wearing Off? Annual Meeting Coming Up Aside from maybe the odd cheeseburger stain on his tie, nothing much sticks to Warren Buffett. Whether his underlings are convicted of ... P/C Premium Growth Not Enough for Market Turnaround: Conning The property/casualty insurance industry can expect premium growth of between 3 and 4 percent in 2011, and about 5 percent for the ... Marsh Launches Dodd-Frank/FDIC Receivership Endorsement To provide additional cover to executives and directors at financial companies, whose personal assets are now at greater risk as a result ... Standard & Poor's Report: Expect Increased Volatility, Competition for D&O Insurers The directors and officers' liability (D&O) product line could become unprofitable within the next few years--if it hasn't done so... More National News East Insurers Receive Hundreds of Tornado Claims in Virginia Property owners in Virginia have submitted hundreds of claims to insurers for damage caused by recent tornadoes. The Virginian-Pilot ... Feds Charge 16 in Pennsylvania Identity Theft Scheme Federal authorities say they've broken up an identity theft ring involving two bank tellers and an insurance company employee. Justice ... Rhode Island Town Council Ex-President to Admit to Fraud A former president of the North Providence town council has agreed to plead guilty to charges in an insurance fraud scheme involving a ... More East News Midwest St. Louis Cleaning Up After Tornado Hits Airport, Local Communities Flights began departing the St. Louis, Mo., airport on April 24 for the first time since a tornado struck two days earlier. Departures ... Ohio Plans May 5 Switch to Electronic Licensing System Ohio insurance regulators will soon make a switch to an electronic system for agent licensing. Ohio Lieutenant Governor and Director of the ... High Water Takes Toll on North Dakota Dams North Dakota officials say that many small and aging dams will likely need repair after a third straight waterlogged spring. One of those ... Cincinnati Financial Corp. Announces Leadership Changes Cincinnati Financial Corp. announced the transition of company leadership and expanded responsibilities for key officers, effective May 2, ... More Midwest News Southeast Georgia Passes Bill Regulating Insurance Certificates Georgia Gov. Nathan Deal is expected to sign into law a bill requiring that certificate of insurance forms be filed with and approved by ... North Carolina Businesses, Injured Workers Square Off Over Benefits Business groups last Thursday praised proposed legislation that changes workers' compensation laws in ways that lower employer costs, while ... 5 Former Volunteer Firefighters in West Virginia Face Arson Charges Five former members of a volunteer fire department in Jefferson County, West Virginia have been charged with arson and conspiracy. The ... More Southeast News South Central Anonymous Donor Buys Insurance for Oklahoma Kangaroo An anonymous donor has purchased a $50,000 insurance policy to help an Oklahoma woman keep her pet kangaroo as a therapy pet. The Broken ... Firefighters in Texas Continue Battle, Worry About Weather Firefighters continued to make gradual progress containing massive, wind-whipped wildfires that raged across Texas on April 23, while ... Tornadoes Confirmed in Oklahoma, Arkansas The National Weather Service has confirmed at least three tornadoes touched down in Oklahoma in the night on April 22 as a line of fierce ... More South Central News West More Colorado Residents Opt to Prepare for Disasters Four families in Yoder, Colo., are building a sand bunker and stockpiling ammunition and weapons. A Black Forest resident has erected a ... 2nd Wash. House Workers Comp Floor Motion Fails Washington Republicans attempted again a procedural motion on the House floor that would have allowed a vote on a Senate bill establishing ... Oregon Permanent Disability Awards Decline 57% Falls and highway accidents caused the most permanent total disabilities in Oregon in 2009, according to a new report by the Department of ... Mercury Insurance to Announce Q1 Earnings on May 2 Los Angeles-based Mercury General Corp. will be hosting a Webcast at 1 p.m. EST on May 2, 2011, to announce its first quarter financial ... San Francisco Women’s Insurance Group Elects New Officers The San Francisco Chapter of the National Association of Insurance Women has elected its new board of directors. The following officers ... Sequioa to Offer Pay-As-You-Drive Insurance in California California Insurance Commissioner Dave Jones has approved a filing by Sequoia Insurance Co. to offer Pay-as-You-Drive auto insurance ... Barney & Barney Adds Borsenberger in Commercial Division San Diego-based Barney & Barney LLC, a large insurance brokerage, has added Dennis Borsenberger to the Commercial Division. ... More West News International Japan to Launch Massive Search for Quake Victims Bodies Japan will send nearly 25,000 soldiers backed by boats and aircraft into its disaster zone Monday on an intensive land-and-sea mission to ... Somali Pirates Release Greek-owned Ship; Ransom Paid Somali pirates have freed a Greek-owned, Cyprus-flagged ship they seized in January after receiving a ransom payment, the pirates and a ... Beazley Remains Confident, Despite Q1 Catastrophes The first quarter of 2011 reminded the insurance industry of just how unpredictable natural catastrophes can be. Beazley plc, which is ... Allianz Confirms Cat Bond Commitment with $40 Million U.S. Placement Germany's Allianz has reconfirmed its commitment to catastrophe bonds, as a useful and generally accepted method of transferring a certain ... 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 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 Using a recorder for CPCU study Posted: Mon Apr 25 -- Interesting question. I purchased a recorder for my most recent exam that I took. I did this because in taking my CLU and RHU courses, I... bjwestner What are some creative ways to market commercial accounts? Posted: Mon Apr 25 -- I am looking for some creative ways to market commercial clients. If you have tried something and it works I would love to hear what you... akasubowski Restaurant with renovations and Triple Net lease Posted: Sun Apr 24 -- I guess there is not enough time to underwrite as a restaurant since the owners have commenced renovations and catering operations. Check... Rock54 How should I compensate my producers? Posted: Sun Apr 24 -- I am starting a new agency after being in the independent world for quite some time. I am not sure which module works best for paying my... GOVERNER National Agents Alliance? Legit or Keep Away? Posted: Sun Apr 24 -- Good news guys, I will be a guinea pig for you all and checkout this NAA "opportunity". I work in the mortgage industry and quite like it,... slushpuppyking Energy Savings Insurance (ESI) Posted: Fri Apr 22 -- Ever find a carrier interested in writing ESI coverage? I am not surprised that AIG (Chartis) is out of that business. The System... alexbell "Houseominiums" in CA Posted: Fri Apr 22 -- Will geovera offer a quote? Maybe that would satisfy the requirement. nixonjf QQ Evolution/Solution Management System? Posted: Fri Apr 22 -- OK gforaker, I appreciate your post and points you mention. On the accounting, I don't want one of our CSR's using time to do our... Agent79 Business Networking Posted: Fri Apr 22 -- I have been going to a lot of neworking events lately and I dont think they are really helping. I will stick with it but I wish I could be... landersinsurance Go to Forums Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue Agency Salary Survey, Medical Professional Liability, Business Interruption / Business Income, Education & Training Directory 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 Executive Agents Producer Producers 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.