Jul 27, 2011

$5,000 Training for $500

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New training from Academy of Insurance
 

$5,000 Training for $500

Unprecedented agency management wisdom and insight.
New from Insurance Journal's Academy of Insurance.

Because of his national prominence as an agency management consultant, we invited Chris Burand to the Insurance Journal Academy of Insurance's office to put his expertise on video. The result is 12 hours of unprecedented agency management wisdom and insight.

To take advantage of this special offer, Register today for immediate access.

This Agency Executive Training Program is broken into three parts:

• Part 1: Strategic Planning. This 2-hour session guides you through the tools you need to organize a beneficial agency strategic planning session. This includes a discussion on what you need to create and execute an effective strategic plan.

• Part 2: Choosing and Managing Carrier Relationships. Four hours that could improve your leverage with your carriers, increase profitability, and increase commissions.

• Part 3: Agency Financial Management. In this six hour session you gain insight on how to best manage your agency's finances. While you may have your own method, these proven methods will allow you to accomplish things your competition can't (and they will wonder how you did it).

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This amazing offer ends soon. Register today for immediate access.

If you have any questions, send me an email at webcasts@insurancejournal.com.

Thanks,

Barbara Dooley
Online Training Coordinator
Academy of Insurance
www.ijacademy.com

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San Diego, CA 92108
(800) 897-9965
Copyright © 2011 by Wells Publishing, Inc.

Jul 26, 2011

Daily Headlines: Tuesday, July 26, 2011

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Insurance Journal Daily Headlines
July 26, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Allstate Agents Hope Unionization Sparks Changes at Insurer

Some unhappy Allstate Insurance agents who say the insurer controls them like employees even though they are independent contractors are ...

Bresnahan Named President of Lexington Insurance

David J. Bresnahan has been named president of Lexington Insurance Co., the surplus lines unit of Chartis Insurance. He is succeeding Peter ...

Best Gauges Potential Impact of U.S. Debt Ceiling Impasse on Insurers

"With the credit quality of the U.S. imperiled by the current impasse over raising the debt ceiling, insurance companies are facing ...

From MyNewMarkets.com Ready or Not, New Surplus Lines Law Is Here

The implementation deadline for the Nonadmitted and Reinsurance Reform Act has arrived. States have been scrambling over the past year to...
Sponsored by: Burns & Wilcox. When it comes to professional liability coverage, we see things others miss. Make sure no detail is overlooked. Click here for more information.
Midwest

Ohio’s Losses From 2011 Storms Top $500M

A handful of major storms that damaged parts of Ohio this year have caused more than a half-billion dollars in insured losses, and that ...

Kansas Insurance Dept. Seeks African-American Scholarship Applicants

Kansas Insurance Commissioner Sandy Praeger is seeking applicants for five $1,000 scholarships to be awarded to African-American students ...

Fremont Michigan Shareholders Approve Auto Club Merger

Shareholders of Fremont Michigan InsuraCorp Inc. have approved the previously announced merger agreement with Auto Club Insurance ...
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Southeast

One Year Later, Hard Times for Kentucky Flood Victims

Along a newly paved road at Harless Creek in Kentucky's Pike County, dozens of new vehicles and a handful of new modular homes point to ...
South Central

Settlement Reached in Post-Katrina Patient Deaths

A New Orleans judge has approved a $25 million settlement in a class-action lawsuit filed over the deaths of patients at a New Orleans ...
West

California WC Appeals Board Takes Back Physician Ruling

  Just a few months after the California Workers' Compensation Appeals Board ruled that a non-approved physician's report cannot ...

Federal Court Says Nevada Cannot Block Risk Retention Groups

The National Risk Retention Association announced yesterday that it commends last week's decision by the U.S. District Court to permit a ...

California Updates Pure Premium Rates Filing Process

California Insurance Commissioner Dave Jones today announced that the Workers' Compensation Insurance Rating Bureau (WCIRB) has proceeded ...
International

Japan Committee Clears Nuclear Compensation Bill

A lower house committee of Japan's parliament on Tuesday passed a bill to help Tokyo Electric Power pay billions of dollars in compensation ...

China Launches Safety Campaign After Deadly Train Crash

China's rail minister, facing public outrage over Saturday's deadly train crash, has ordered a two-month safety review of railway ...

More U.S. Lawsuits Target Chinese Reverse Mergers

Accounting debacles at U.S.-listed Chinese companies have prompted a surge of securities fraud lawsuits, but investors might have trouble ...

Validus Goes Hostile on $3.2 Billion Bid for Transatlantic

Bermuda-based reinsurer Validus Holdings took its $3.2 billion offer to buy Transatlantic Holdings, Inc. directly to shareholders on ...

Willis Report Notes Stable Market for Airlines, but Questions Sustainability

Willis' monthly airline insurance insight report indicates that "the insurance market has remained remarkably stable for airlines, with no ...

Steamship Mutual to Launch ‘Piracy Menace’ Loss Prevention DVD

London-based Steamship Mutual, a leading P&I Club, announced the imminent launch of its latest Loss Prevention DVD entitled "PIRACY ...

AIR Expands Atlantic Basin Tropical Cyclone Models to Central America

Catastrophe risk modeling firm AIR Worldwide announced the release of its Central America tropical cyclone model. "The new model covers ...

Liberty International Appoints Environmental Liability Underwriter for France

Liberty International Underwriters in Europe (LIU Europe), a member of Liberty Mutual Group, has appointed Audrey Mondin as Environmental ...

Best Names Holzberger as Managing Director – Analytics for EMEA

A.M. Best Co. announced that Stefan Holzberger has joined A.M. Best Europe - Rating Services Limited as managing director, analytics. He ...

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New Discussions in the Forums

Oil drilling Insurance Texas
Posted: Mon Jul 25 -- Oil Drilling in TX. While it's not all encompassing and work comp is not mandatory in TX, the below might be a good indication of where to... kmccarth11
New to the business and selling through a wholesaler?
Posted: Mon Jul 25 -- Great feedback. Thanks for replying. I am interested to hear if anyone else has a differing or even the same opinion. Also, what are the... John J90
CA-Guaranteed Replacement Cost
Posted: Mon Jul 25 -- Just want to point out that for ERC to apply, many carrier stipulate the insured must notify the carrier if the replacment cost or SQFT of... wariline
Selling An Agency
Posted: Mon Jul 25 -- If your independant, contact your market rep. They should be able to sniff out a buyer quickly. FFA
Identity Theft coverage
Posted: Mon Jul 25 -- You can also check with AIG & Chubb. They have some really good coverage for this exposure saabins
National Agents Alliance? Legit or Keep Away?
Posted: Fri Jul 22 -- Let's see how many charge backs you get. Real data takes a year or more...don't you think? "SlushPuppyKing, What... colonpain

Reader Comments

Hawaii Blowhole Death Raises Liability Questions
Posted: Tue Jul 19 -- She should sue the ocean, I mean it is really what is to blame here. Has a total disregard for human life. Geez, how could one have known... Jen
Connecticut Teen Injured in Gym Class Sues Town
Posted: Thu Jul 21 -- Maybe she should just wear a helmet everywhere she goes, shopping, grocery store, movies etc. It's a rough world out there, you should be... secretagentman

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3570 Camino del Rio North, Suite 200
San Diego, CA 92108
(800) 897-9965
Copyright © 2011 by Wells Publishing, Inc.

Insurance Journal TV: Interstate Compacts Forget About Them

Insurance Journal TV
July 26, 2011
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Interstate Compacts? Forget About Them

In preparation for new surplus lines regulations, states are considering whether to join a surplus lines tax allocation compact to share surplus lines premium taxes. Recent...

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Insurance Journal
3570 Camino del Rio North, Suite 200
San Diego, CA 92108
(800) 897-9965
Copyright © 2011 by Wells Publishing, Inc.

Jul 25, 2011

Daily Headlines: Monday, July 25, 2011

Insurance Journal Daily Headlines
July 25, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Final U.S. Report on BP Gulf Oil Disaster Delayed

A U.S. team probing the causes of last year's massive BP oil spill has delayed the release of its final report in order to more fully weigh ...

BP Gulf Oil Spill Claims Fund to Be Audited

An independent audit will be performed on the $20 billion fund set up to compensate victims of last year's BP oil spill in the Gulf of ...

From MyNewMarkets.com Insurance Noodle 2.0 Promises Real-Time Turnaround and Quotes

Web-based insurance connection hub Insurance Noodle has come a long way since 2000 when it first went live. Since then, the online broker...
East

5 Sentenced in Va. for $100M Fraud Scheme

Five men who pleaded guilty in a $100 million fraud scheme that claimed about 800 victims nationwide were sentenced Friday to federal ...

N.Y. Companies Hit with Charge for Fed Jobless Loans

New York businesses are being told they have to help pick up the tab for interest the state owes on federal unemployment insurance loans. ...

Measure Spares N.J. Businesses from Steep Tax Jump

Gov. Chris Christie has signed legislation that calls for the phasing in of a sharp increase in the state's unemployment tax rate. ...
Midwest

Iowa Insurers Get More Time on New Health Law Medical Care Requirements

Iowa insurance companies have been given more time to comply with a new federal rule designed to curb insurers' profits. The regulation ...

Disaster Money for Flood Victims in North Dakota Tops $50 Million

Officials say federal and state disaster assistance for victims of North Dakota flooding has gone over the $50 million mark. The money ...

Michigan Court Dismisses Suit Over Tree Branch Death

The Michigan appeals court won't hold a couple responsible for a tree branch that fell and killed a 45-year-old Kalamazoo man during high ...
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Southeast

Judge Blasts West Virginia Medical Damages Cap

A West Virginia judge who helped West Virginia's Supreme Court hear a recent medical malpractice case is blasting the outcome. First ...

West Virginia Court Weighs Pollution Liability of Massey Subsidiary

Three judges hearing a coal slurry pollution lawsuit against Massey Energy are considering whether the parent corporation should be held ...

Mississippi Says It’s Owed Tobacco Settlement Money

A Jackson County judge is scheduled to hear a claim that R.J. Reynolds Tobacco Co. has underpaid the state of Mississippi at least $1 ...
South Central

Oklahoma Governor Touts Tort, Work Comp Reforms to Chicago Businesses

Oklahoma Gov. Mary Fallin said she is pitching her state's business climate and work force in an attempt to lure some Illinois-based ...

Oklahoma Resident’s Protests Prompt Flood Map Change

Residents of Lake McAlester in Oklahoma are no longer in a Federal Emergency Management Area flood zone after an uncommon re-mapping of the ...

San Antonio’s Jefferson Bank and Sanger & Altgelt Insurance Agency Merging

San Antonio's third-largest locally owned banking institution and 111-year-old insurance and risk management agency Sanger & Altgelt have ...
West

Wyoming Flooding Designated Major Disaster

President Barack Obama has declared a major disaster in Wyoming because of spring and summer flooding, opening the way for the federal ...

GEICO Reduces Auto Rates in California

California's insurance commissioner today announced that a rate reduction of 10.7 percent has been approved for GEICO's California auto ...
International

ING Sale of Latin American Insurance Unit Sets Stage for Others

Dutch bancassurer ING is to sell most of its Latin American operation to Colombia's GrupoSura for 2.6 billion euros ($3.7 bln) in a deal ...

Europe’s Banks, Insurers Take Greek Debt Hit in Stride

Major European banks have limited their losses on Greek bonds to just over €5 billion [$7.2 billion] after negotiating a 21 percent ...

Huge Bomb Blast Hits Oslo; Terrorists Suspected

A powerful explosion caused extensive damage to government buildings in the Norwegian capital Oslo. At least two people have reportedly ...

UK Minister Compares Inaction on Climate Change to Hitler Appeasement

World leaders who oppose a global agreement to tackle climate change are making a similar mistake to the one made by politicians who tried ...

Fake Apple Store Cuts to Core of China’s Risk to Brands

A fake Apple store in China, made famous by a blog that said even the staff working there didn't realize it was a bogus outlet, is probably ...

Study Confirms Growth of Extended Warranties on Mobile, Non-Mobile Products in Europe

According to new research issued by financial services market research consultancy Finaccord, the market for extended warranties and ...

Aon UK Set UK ‘Green’ Standard with CEMARS Accreditation

London-based Aon, the risk management business of Aon Corp. in the UK, announced that it has "demonstrated its commitment to reducing its ...

UK Broker BMS Continues Overall Growth

Specialist insurance broker BMS Group announced that its results for the year ended December 31, 2010, show a "strengthening of financial ...

Willis Australasia Appoints Pickering as Chairman; Lindhout CEO

Willis Group Holdings announced that, effective immediately, Scott Pickering, President of Willis' Asia Pacific, Middle East and Africa ...

Best Affirms MAPFRE RE ‘A+’ Ratings; Outlook Remains Negative

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of 'A+' (Superior) and issuer credit rating of ...

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Insurance Journal TV

Video thumbnail

100 Agents in 100 Days

Accident Insurance Co., a growing workers' compensation and small business insurer, is...
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Growing Opportunities for Insurance Industry's Women

Although men still outnumber women in the property/casualty insurance industry, there are many...

TV icon Watch more videos at InsuranceJournal.tv

New Discussions in the Forums

New to the business and selling through a wholesaler?
Posted: Mon Jul 25 -- The overwhelming majority of established people here would say to find yourself an agency that wants an agressive producer and learn the biz... d's insurance store
National Agents Alliance? Legit or Keep Away?
Posted: Fri Jul 22 -- Let's see how many charge backs you get. Real data takes a year or more...don't you think? "SlushPuppyKing, What...
Selling An Agency
Posted: Thu Jul 21 -- Agency valuation can be tricky. One resource would be to contact lenders that specilize in lending for agency purchases. Since they are the... itzawlgud
CA-Guaranteed Replacement Cost
Posted: Thu Jul 21 -- GRC was the policy language used when I started my career in 1989 but was phased out soon thereafter and the language restricting the GRC to... itzawlgud

Reader Comments

Hawaii Blowhole Death Raises Liability Questions
Posted: Tue Jul 19 -- She should sue the ocean, I mean it is really what is to blame here. Has a total disregard for human life. Geez, how could one have known... Jen
Connecticut Teen Injured in Gym Class Sues Town
Posted: Thu Jul 21 -- Maybe she should just wear a helmet everywhere she goes, shopping, grocery store, movies etc. It's a rough world out there, you should be... secretagentman

Current Issue

Current Issue
Excess, Surplus & Specialty Markets Directory Vol. II - The Industry's Leading Coverage Placement Directory

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How to Advertise

For information about advertising on this newsletter and Insurance Journal magazines, contact Julie Tinney at (800) 897-9965 x148.
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Insurance Journal
3570 Camino del Rio North, Suite 200
San Diego, CA 92108
(800) 897-9965
Copyright © 2011 by Wells Publishing, Inc.

What Are New Clients Worth?

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offered through the Academy of Insurance brings a track record of
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Thanks,

Christopher J. Boggs, CPCU, ARM, ALCM, LPCS, AAI, APA, CWCA, CRIS, AINS
Director of Education
Insurance Journal Academy of Insurance
800-897-9965 x137
cboggs@ijacademy.com



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Jul 22, 2011

Daily Headlines: Friday, July 22, 2011

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Insurance Journal Daily Headlines
July 22, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Zurich Says Its Policy for Sony Doesn’t Cover Data Breach

One of Sony Corp.'s insurers has asked a court to declare that it does not have to pay to defend the media and electronics conglomerate ...

MetLife to Sell Banking Unit to Avoid ‘Too Big Too Fail’ Regulation

MetLife, the largest life insurance company in the United States, has put its banking operations up for sale to avoid the "too big to ...

More States Join Surplus Lines Tax Sharing Proposal

Four new members joined a surplus lines premium tax sharing agreement supported by state regulators this week, even while some predict ...

U.S. Cyber Arrests Seen Leading to More Hackers

The FBI's arrest this week of 16 people who allegedly participated in high-profile cyber attacks is providing a treasure trove of ...

Plaintiffs in Wal-Mart Bias Case Return to Court

Plaintiffs in a huge sex bias class-action case against Wal-Mart Stores Inc. that was struck down by the U.S. Supreme Court will begin to ...

From MyNewMarkets.com Insurance Noodle 2.0 Promises Real-Time Turnaround and Quotes

Web-based insurance connection hub Insurance Noodle has come a long way since 2000 when it first went live. Since then, the online broker...
East

Rigger in Deadly New York Crane Collapse Stripped of License

A rigger who worked on a massive construction crane that collapsed and killed seven people in New York City has been stripped of his ...

New York Man Gets $90K for Police Dog Bite

The New York man who was bitten by a police dog will receive $90,000 from the city of Mount Vernon. Carlos Garcia filed a civil rights ...

Third Guilty Plea in Connecticut Auto Insurance Scam

A Bridgeport, Connecticut chiropractor Bridgeport has become the third health professional to plead guilty in an insurance scam involving ...
Midwest

Wisconsin Settles with Medical Society over Raid of Med-Mal Fund

The state of Wisconsin has reached an agreement with the Wisconsin Medical Society over the repayment of a fund set up to pay medical ...

Michigan Court Tosses Softball Injury Lawsuit

The Michigan appeals court has ruled in favor of a man who accidentally struck a young Muskegon County girl in the face with a softball ...

Catastrophes Take Toll on EMC Insurance Group's Q2 Results

EMC Insurance Group Inc., based in Des Moines, Iowa, announced that second quarter 2011 operating results will be negatively impacted by a ...

Large Named Midwest Executive for Eastern Alliance Insurance Group

Eastern Insurance Holdings Inc. (EIHI) announced that Mort Large is joining Eastern Alliance Insurance Group (EAIG) as the regional ...

Missouri River Flood Protection Might Be Retained

Some Iowa officials say they'd like to keep in place temporary dikes, berms and levees that were hurriedly built to protect people and ...

Council OKs Southwestern Illinois Levee Upgrades

The people who oversee 64 miles of aging Mississippi River levees in southwestern Illinois have signed off on a $151 million plan to ...
Southeast

Florida Consumer Chief Backs Double-Digit Hikes for Allstate

Florida's consumer advocate says Allstate's two Florida home insurers are among the state's best run and deserve double-digit rate ...

North Carolina Family Wins $10M in Wrongful Death Suit Against Taser

A federal jury awarded $10 million this week to the family of a North Carolina teenager who died after a police officer shocked him with a ...

South Carolina Budget Chief, Former Commissioner Heads to Texas

The director of the South Carolina agency that oversees much of state government operations has resigned, six months after Gov. Nikki Haley ...

Anderson Joins Atlanta’s OnPoint Underwriting

Atlanta-based insurance program administrator OnPoint Underwriting has appointed Marc Anderson as its vice president of Risk Services. In ...

All Risks, Avondale Form Joint Venture to Provide Additional Capacity in Fla.

All Risks, Ltd. has formed a joint venture with Avondale Insurance Associates.  All Risks will be able to provide its retail insurance ...
South Central

Louisiana Workers' Comp Medical Guidelines Now in Effect

Medical treatment guidelines have gone into effect for the treatment of workers' compensation injuries in Louisiana. The guidelines are ...

USI Insurance Services Acquires Plumhoff & Associates

USI Insurance Services (USI), headquartered in Briarcliff, N.Y., has closed its acquisition of Plumhoff & Associates (Plumhoff), a ...
West

Feds to Review Idaho Health Insurance Rate Hikes

BOISE, Idaho (AP) _ The federal government will assume the responsibility of reviewing increases of 10 percent or more in health insurance ...

SullivanCurtisMonroe Hires New VP in Irvine

Southern California's SullivanCurtisMonroe Insurance Services, LLC, is pleased to announce the arrival of Jacqueline Scott, vice president, ...

Moody’s Affirms California Earthquake Authority Bonds

Moody's Investors Service has affirmed the A3 rating on the California Earthquake Authority's ("CEA") 6.169% fixed rate Series 2006-B ...
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What makes you better or different than your competition?  Ask every agent that question and you'll get the same answer. I'm not kidding. ...

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Insurance Journal TV

Video thumbnail

100 Agents in 100 Days

Accident Insurance Co., a growing workers' compensation and small business insurer, is...
Video thumbnail

Growing Opportunities for Insurance Industry's Women

Although men still outnumber women in the property/casualty insurance industry, there are many...

TV icon Watch more videos at InsuranceJournal.tv

New Discussions in the Forums

Selling An Agency
Posted: Thu Jul 21 -- Agency valuation can be tricky. One resource would be to contact lenders that specilize in lending for agency purchases. Since they are the... itzawlgud
CA-Guaranteed Replacement Cost
Posted: Thu Jul 21 -- GRC was the policy language used when I started my career in 1989 but was phased out soon thereafter and the language restricting the GRC to... itzawlgud
Identity Theft coverage
Posted: Thu Jul 21 -- I have a client who is looking for identity theft coverage that they can offer to their customers. I believe it would have to be a master... LucyLo
Newbie Question about Pay
Posted: Thu Jul 21 -- Reasonable seems to be 55% gross to the producer on new business and 35% on renewal. The level of services and support you receive will... jimmyr1978
Oil drilling Insurance Texas
Posted: Wed Jul 20 -- Contact HUB International. They insure a ton of these. Contact me... Oldschool
Chicago IL area insurance agencies who sell TRAVEL Insurance
Posted: Wed Jul 20 -- Fireman's Fund Insurance Co offers Travel insurance that you might be looking for - any independent agency or broker who is appointed with... insgal2005
Titan Insurance Company
Posted: Tue Jul 19 -- Can anyone tell me the good, the bad, or the ugly pertaining to Titan Insurance Co. Risk type local trucking, hauling for hire sand and... trotter
Motorcycle Rental Coverage
Posted: Mon Jul 18 -- Your friend needs to find another Motorcycle rental operator. Coverage is out there. jz20

Reader Comments

Connecticut Teen Injured in Gym Class Sues Town
Posted: Thu Jul 21 -- Maybe she should just wear a helmet everywhere she goes, shopping, grocery store, movies etc. It's a rough world out there, you should be... secretagentman
Hawaii Blowhole Death Raises Liability Questions
Posted: Tue Jul 19 -- She should sue the ocean, I mean it is really what is to blame here. Has a total disregard for human life. Geez, how could one have known... Jen
L.A. Escapes 'Carmageddon' as Drivers Stay Home
Posted: Mon Jul 18 -- The reality is that many employees could stay home every day. Mobile computing and today's IT environments make it easy for many working... Aaron Boigon
Hawaii Blowhole Death Raises Liability Questions
Posted: Tue Jul 19 -- Oh good Lord - "and to take care of me and my son"???? Don't swim with sharks. Don't stand under a pineapple tree without a helmet. Don't... sips
Hawaii Blowhole Death Raises Liability Questions
Posted: Tue Jul 19 -- sequels in the works: Saltwater Sandy: "I was thirsty, so I filled my water canteens up with fresh water from the surf, and I nearly died.... Chad Balaamaba

Current Issue

Current Issue
Excess, Surplus & Specialty Markets Directory Vol. II - The Industry's Leading Coverage Placement Directory

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Choose Newsletters
Enter Your E-mail

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.
Insurance Journal
3570 Camino del Rio North, Suite 200
San Diego, CA 92108
(800) 897-9965
Copyright © 2011 by Wells Publishing, Inc.