Daily Headlines: Tuesday, September 27, 2011

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September 27, 2011 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Lloyd’s Calls for Redrawing Disaster Roles in U.S. for Government, Private Insurers Government intervention in the insurance market is putting the financial burden of natural disasters on U.S. taxpayers, according to a ... Senate Approves Government Funding, Disaster Aid Bill The U.S. Senate approved a deal Monday to avert a government shutdown, ending a standoff that highlighted a dysfunctional Congress' trouble ... Supreme Court to Hear Federal Healthcare Mandate The Obama administration Monday cleared the way for the Supreme Court to decide in its 2011-12 term the president's signature healthcare ... 87 Firefighers Died on the Job in 2010; 56 Were Volunteers Eighty-seven on-duty firefighters from 31 states lost their lives as the result of 83 fatal incidents that occurred in 2010. Fifty-six of ... Senate Confirms Woodall as Insurance Voting Member on Financial Stability Panel The Senate has confirmed former Kentucky insurance regulator S. Roy Woodall for the one voting position on the federal Financial Stability ... Accounting Firm Sued for $7.6B, Accused of Missing Lender Fraud Deloitte Touche Tohmatsu Ltd , the world's largest accounting and consulting firm, was accused Monday of failing to detect fraud during its ... Alteris' SeptiCover Endorsed by National Association of Wastewater Transporters Alteris, a member of Argo Group International Holdings, Ltd., has had its SeptiCover program chosen by the National Association of ... More Optimism, but Plenty of Controversy Surrounds Mortgage Broker E&O Segment Insurance agents serving the mortgage broker marketplace see some signs of improvement but they aren't yet jumping for joy. The mortgage... More National News East Pennsylvania Liquor Tax Should Go to Disaster Relief Fund: Lawmaker A western Pennsylvania lawmaker is proposing to divert some of the money from the "Johnstown Flood Tax" on alcohol back to its original ... Mass. Family in Last 9/11 Case Says Officials Escaped Responsibility Even after settling what had been the last wrongful death lawsuit against the airlines over the Sept. 11, 2001 attacks, the family of Mark ... More East News Midwest Iowa Won’t File Criminal Charges Against Texas Firm Iowa won't pursue criminal charges against a Texas company that's accused of exploiting developmentally disabled workers at a turkey plant ... Families of Two Who Died at Michigan Farm Sue The families of two young people who died after falling into a tank at a dairy farm in Michigan's Barry County have filed wrongful death ... Michigan Earns Outstanding Big 'I' Young Agents Award The National Young Agents Committee of the Independent Insurance Agents & Brokers of America (IIABA or the Big "I") has named its ... More Midwest News Southeast One Frustrated Florida County Tackles Auto Insurance Fraud On Its Own One county in Florida has decided not to wait on state lawmakers' promise to address the insurance fraud and fix the state's automobile ... More Southeast News South Central Insured Losses in Bastrop County Fire to Reach $250M Insured damages from what has become the costliest wildfire in Texas history will climb to $250 million, an insurer trade group says. The ... Louisiana Agent Arrested for Alleged Insurance Fraud A Metairie, La., insurance agent has been arrested for insurance fraud, state officials say. The Louisiana State Police Insurance ... Improved Flood Rating Means Lower Insurance Rates for Louisiana Town Denham Springs, La., has improved its flood rating, which will mean insurance savings for city residents with flood insurance. City ... More South Central News West Colorado Chemical Depot Says Safety Still a Concern Federal officials say safety is still a concern at the Pueblo Chemical Depot because of leaking weapons. Quality assurance specialist ... More West News International Shanghai Subway Trains Collide Injuring More than 270 Two subway trains collided in Shanghai on Tuesday injuring more than 270 passengers, 20 critically, prompting public anger two months after ... Hurricane Center Tracking Hurricane Hilary off Coast of Mexico; Atlantic Storms The National Hurricane Center in Miami is currently tracking Hurricane Hilary in the Pacific Ocean off the west coast of Mexico and the ... Transatlantic in Talks with New, Undisclosed Bidder Transatlantic Holdings said Monday it has entered into deal talks with an undisclosed bidder, adding a fresh twist in a months-long ... Argo Group Opens Office in Dubai The Bermuda-based Argo Group International Holdings announced that it has established a "locally domiciled insurance operation in the heart ... Best Special Report: Finds Strong Reinsurance Demand in Middle East, No. Africa A newly issued special report from A.M. Best notes that although the "reinsurance environment in the Middle East and North Africa (MENA) ... Genworth Creates Reinsurance Treaty for Mortgage Insurance in Europe Specialist insurer Genworth has announced the full placement of a new reinsurance treaty for mortgage insurance (MI) in Europe. The ... Williams to Head Liberty International’s D&O, Financial Institutions Business Liberty International Underwriters in Europe (LIU Europe), a member of Liberty Mutual Group, has appointed Guy Williams as Head of ... Best Upgrades Greenlight Re’s Ratings to ‘A’; Outlook Stable A.M. Best Co. has upgraded the financial strength rating (FSR) to 'A' (Excellent) from 'A-' (Excellent) and the issuer credit rating (ICR) ... More International News Join the Insurance Journal Network Insurance Journal TV Triage Nurses Cut Costs in Workers' Comp What if a business could lower its workers' compensation claims costs by as much as 30... Watch Now PURE Innovation During his 25-year career in the property/casualty insurance business, Ross Buchmueller has... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Apartment complex wants to be additional interest Posted: Tue Sep 27 -- No they can't do it because there is no insurable interest and I was just complaining. Complaining that the complex was requesting it in the... etimer PA Dog Liability to meet State Requirements Posted: Mon Sep 26 -- Did you try contacting a wholesale broker / MGA to check with non-standard markets? Also, I just found this link on places to find umbrella... azcompanyman Do you purchase Damage Waiver when renting a car? Posted: Mon Sep 26 -- We always recommend purchase due to "diminished Value" that many car rental places are now pursuing, especially Enterprise. The diminished... Insisfun Do you recommend bonds or crime insurance? Posted: Mon Sep 26 -- "willingness to prosecute" That is what keeps most collections / repayment from taking place. Usually a back ground check works after the... Wildwillie Garage Liability and loaner vehicles Posted: Fri Sep 23 -- Yes, however this would not be claimed under the GKLL, rather the Garage Liability portion because the damage was not the a vehicle in... Rob Should I get Cal. Low Cost Auto Ins. in our office? Posted: Fri Sep 23 -- I agree with "d's". Don't waste your time. I was CAARP certified until I recently submitted cancellation. You end up doing whole bunch of... newportins Mobile Apps for P&C Producers Posted: Thu Sep 22 -- No, these are not leads. You get questionnaires on your mobile phone, which you complete while discussing insurance with your clients or... Fge78 3 Properties in Texas? Posted: Thu Sep 22 -- Texas is a big state that has some problem areas, particularily around the Coastal Areas. If you want to narrow down who can write this and... centex Go to Forums Reader Comments House Defeats Bill Funding Government; FEMA, Flood Insurance in Doubt Posted: Thu Sep 22 -- Our elected and appointed representatives should be made to contribute to their health care coverage and pay for their family members... Nancy Insurer Says Exclusion Bars Payment in Nebraska Pastor's Death Posted: Wed Sep 21 -- The Nebraska Surpeme Court has already ruled that carbon monoxide is a pollutant and that there is no coverage on the basis of the absolute... The Other Point of View IRS Gives Employers Break on Misclassified Employees Posted: Fri Sep 23 -- Is this the way the IRS lets cheaters like State Farm get away from all the taxes they have avoided since 1998, by calling their agents... IRS Coverup? Florida Firm to Appeal in Bid for Sunken Spanish Treasure Posted: Fri Sep 23 -- If Spain ends up winning this, I think the Florida based company should load the coins and treasure onto a ship, stop right ontop of the... Baxtor Senate Poised to Defeat House Spending, Disaster Aid Bill Posted: Fri Sep 23 -- "I guess Harry Reid will have to bear the burden of denying the disaster victims the money that they need," Cantor told reporters. Sorry... 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