Daily Headlines: Friday, August 19, 2011

Contact us | Subscribe | Send to a Friend

August 19, 2011 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Most Doctors Sued Sometime in Career A new study published in the New England Journal of Medicine this week says that one in 14 doctors faces a malpractice suit every year. ... AIR Chief on Cat Models: ‘What's All The Fuss About?’ When it comes to revised hurricane models, AIR Worldwide CEO Ming Lee has one basic question, "What really is all this big fuss about?" ... AIG Pays Back Another $2B on U.S. Treasury Debt American International Group Inc. reported that it has reduced the remaining liquidation preference of preferred interests that the U.S. ... Starbucks Settles Discrimination Suit Over Fired Dwarf Barista Starbucks has agreed to pay $75,000 to settle a disability discrimination lawsuit brought on behalf of a Texas barista who said she was ... Business Risk Partners Launches Lloyd’s-Backed Miscellaneous E&O Form Business Risk Partners (BRP) now offers a new standard professional liability (E&O) policy form for hundreds of service professions. ... Brownyard Group Launches Landscaper Program Brownyard Group, a program administrator providing insurance coverage for select industry groups, has launched GroundCover, a new insurance ... AIG, Banks File Motion to Block Class Action Suit Bailed-out insurer American International Group and dozens of banks have filed motions in federal court to block a proposed nationwide ... Expanded Food Recall Authority for FDA Creates Liabilities, Opportunities The food and insurance industries are waiting anxiously to see how the new Food Safety Modernization Act (FSMA) will affect their... More National News East Conger Joins Lockton Employee Benefits Consulting Practice Lockton Companies, LLC added Steve Conger to its Washington, D.C. brokerage team as vice president and producer. The addition of Conger ... More East News Midwest Chicago Must Hire 111 Black Firefighters; Distribute $30M in Back Pay Some 6,000 African Americans who passed a Chicago Fire Department entrance exam nearly 16 years ago will walk away with either jobs or cash ... Illinois Court: Homeowner Suit Against Flood Determination Firm May Proceed A flood determination company may be sued by Illinois homeowners for failing to determine the couple's home was in a flood plain, a state ... Study: No Long-Term Health Effects of Michigan Spill There are no long-term health effects of submerged oil from last year's spill in southern Michigan's Kalamazoo River, a new study from the ... More Midwest News Southeast Florida Employers May Face Higher Workers' Compensation Costs Florida business owners could see their workers' compensation premiums go up if regulators agree to raise rates by a recommended ... Medicus Insurance Now Selling Insurance in Florida Medicus Insurance Co., a medical professional liability insurance (MPLI) carriers, is now offering MPLI coverage to physicians and surgeons ... More Southeast News South Central CEO of Arkansas-based Heifer Foundation Sues Board Members, Insurer The chief executive of the foundation that supports the hunger-relief organization Heifer International has sued four foundation board ... Texas AG Again Charges Petroleum Distributor of Defrauding Customers Texas Attorney General Greg Abbott has charged a petroleum distributor of selling diluted gasoline. It is the state's third court action ... MSW’s Wastepac Sanitation Industry Program Now Available in Texas Wastepac, a specialized insurance facility for sanitation industries offered by MarketScout Wholesale LLC, is now available to accounts in ... More South Central News West Flooding Emergency Declared in Tombstone Arizona Gov. Jan Brewer has declared a state of emergency in Tombstone because of flooding in the wake of a recent wildfire. The governor's ... Survey Says Washington Drivers Go Slow to Save A recent poll from Northwest insurer PEMCO Insurance reveals that while a majority of drivers say they take steps to reduce the amount of ... San Diego-Based Champion Hires Former Agency Owner Champion Risk & Insurance Services, L.P., an affiliate of Wood, Gutmann & Bogart Insurance Brokers, has announced that Bob ... Towers Watson Hires Reinsurance Agent in San Francisco Global professional services company Towers Watson, the global professional services company has appointed Conrad Lagasca vice president in ... Teens Arrested in Nevada Fire Authorities have arrested two teens on felony third-degree arson charges as firefighters continue battling a wildfire burning about 3 ... More West News International Lloyd’s Marks 100th Anniversary of 1911 Act The Lloyd's web site notes that August 18th was the 100th anniversary of the 1911 Lloyd's Act, which was instrumental in transforming the ... QBE 1st Half Net Profits up 53% to US$673 Million QBE, Australia's global insurance group, announced a 53 percent increase in the half year net profit after tax of US$673 million. The group ... Aruba Police Probe Insurance Link in Missing Tourist Case A U.S. tourist detained in the presumed death of his travel companion on the Caribbean island of Aruba had an insurance policy that covered ... Chinese Insurer Ping An Posts 33% Rise in 1st Half Profits Ping An Insurance Co. of China Ltd. said Thursday its fast-growing banking business helped to boost profit for the first half by nearly 33 ... XL Insurance Names Hookings as Australian Environmental Underwriter XL Insurance, the global insurance operations of XL Group plc, announced the appointment of Andrew Hookings as Environmental underwriter ... Best Affirms Oman’s National Life & General Ins. Co. SAOC Ratings A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of 'B++' (Good) and the issuer credit rating of ... More International News Join the Insurance Journal Network Insurance Journal TV What's in a Name? Unitrin CEO Southwell Says A Lot A legendary insurance company name is back in the headlines. Unitrin Inc. has taken the Kemper... Watch Now Brokering the Hot Cyber Liability Market With data breaches in the news, cyber liability insurance is gaining recognition. The market... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums CA Work Comp for Nightclubs Posted: Fri Aug 19 -- Hello, I'm looking for work comp coverage for a nightclub risk with less than one year of prior experience. The risk is currently placed... kristenl Insuring multiple LLC's on the Same policy Posted: Fri Aug 19 -- msquire, thank you for the response and also to jimmyr. I do have one last follow up question that was brought up in our innner-office... Eagleeye Retail to Wholesale??? Posted: Thu Aug 18 -- Thanks, Erik. Half of what I used to place was in the E&S/CAT marketplace, so I have a good idea of what I'm getting into. However; I have... thatinsguy Social Media Posted: Thu Aug 18 -- InsuranceGuy, I offer a slightly different vision of five years from now. Companies (and agencies) that do not have a presence in social... JasonBHBCo Merchant Services Posted: Thu Aug 18 -- I was hoping to see feedback on your post; we have been looking at credit/debit card services for the past 6 months and we have had a lot of... texican CA Restaurant WC Posted: Wed Aug 17 -- We Currently use Employers, Hartford, Travelers, etc... I need to know what Companies are really competitive in the small Comp market for... JAM What is the Purpose of An Agency Website? Posted: Wed Aug 17 -- In my experience, once people find something online they like an easy way of getting things done. It doesn't hurt to give the option of... Brand Filling out ACORD forms.. like a pro Posted: Wed Aug 17 -- Here are some links to a few YouTube videos on how to complete the ACORD 125, 126 and 25 forms. I did these a year or so ago but did not... williduke Go to Forums Reader Comments Group of Allstate Agents Votes to Unionize Posted: Thu Aug 18 -- It seems like Senior management should be concerned with a situation that required their agents to affliate with a union. Whats to stop the... Bob Jury Acquits Boston Bodybuilding Firefighter of Fraud Charges Posted: Tue Aug 16 -- Are you kidding me??? How can any jury NOT say this guy is committing fraud? He's "too sore" to do non-lifting inspections as an employee,... Scott says........... U.S. Court Rules Against Obama Healthcare Mandate Posted: Mon Aug 15 -- How interesting life is... The Individual Mandate i.e. "personal responsibility" was touted far and wide by the Heritage Foundation, Grover... Nan Virginia 'Guns in Bars' Study Finds Little Effect on Crime Posted: Tue Aug 16 -- This story is not shocking. The criminals were already carrying their concealed weapons into bars. The only difference now is that the... Wayne NY's Senator Schumer Calls for End to 'Job-killing' Insurance Fee Posted: Thu Aug 18 -- So Schumer admits that higher taxes kill jobs??? Has he mentioned this to Obama or anybody else in his party? Seems important. Hillsborough agent Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue The Insurance Journal Satire Issue! News that never happened. Features you won't forget. Plus reader submissions, fake statistics, made-up mergers and lots more. 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 Vice President - Insurance Operations Account Manager Professional Cyber Liability Broker 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.