Daily Headlines: Friday, October 28, 2011

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October 28, 2011 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Women Launch New Legal Salvo Against Wal-Mart Women pursuing discrimination claims against Wal-Mart Stores Inc. filed a reformulated lawsuit against the world's largest retailer, their ... Aon Profit, Brokerage Revenues Up in Q3; Hewitt Costs Take a Bite Aon Corp. reported a profit jump for the third quarter ended Sept. 30, 2011. Net income increased 38 percent to $198 million, compared to ... Hedge Fund Guru Cohen to Set up Reinsurance Business Steven A. Cohen, who built one of the world's biggest and most successful hedge funds, is branching out and plans to set up his own ... Ratings Recap: Farmers of Tenn., Wisc. Am. Mutual, Commerce Protetctive A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of 'A' (Excellent) and issuer ... Zurich, Marine Agency Corp. Launch Program for Bodywork Shops, Spas, Salons Zurich and Marine Agency Corporation are offering a new insurance program for tattoo and micropigmentation artists, body piercers, massage ... ACE Private Risk, ARIS Title Insurance to Provide Risk Management for Fine Art Items ACE Private Risk Services, the high-net-worth personal lines business of the ACE Group, and ARIS Title Insurance Corp., a member of Argo ... Utica National Launches Cybersurance for Small Businesses Between 2005 and 2010, more than 350 million personal records were exposed in reported data breaches alone. Those numbers include data, ... Travelers Expanded Event Coverage Protects Investment in Life Celebrations Despite consumers cutting back on many expenses, they are not cutting back when it comes to the events they hold for life milestones,... More National News East New York Railroad Workers Charged in $1 Billion Disability Claims Fraud U.S. prosecutors charged 11 people Thursday in connection with an alleged $1 billion fraud involving hundreds of railroad workers filing ... Cuomo: More State Aid for Flood-damaged New York Farms The Cuomo administration is distributing an additional $850,000 in aid for more than 100 New York farms impacted by flooding caused by ... Q3 Earnings Report: Transatlantic, W.R. Berkley Post Lower Profits New York-headquartered Transatlantic Holdings reported third-quarter net income of $68 million, down significantly from $134 million one ... Wall Street Protesters Target Health Insurers Occupy Wall Street protesters held a speak-out and march in New York City targeting the health insurance industry. Several hundred ... Lockton Hires Marine Specialist in New York Office Lockton Companies, a Kansas City, Mo.-headquartered insurance broker, appointed Joe Sheridan as a marine specialist in its New York office. ... More East News Midwest Michigan Advances Workers' Comp Changes Legislation that could help employers contain costs related to compensating workers injured on the job cleared a Michigan House committee ... Motorcycle Helmet Law Passes Michigan House Committee Proposals that would allow some motorcyclists to ride without helmets in Michigan continue to advance in the state Legislature. The House ... Ohio Public Employer Workers' Comp Rates Falling Ohio's 3,900 public employer taxing districts will pay an estimated $22 million less for workers' compensation coverage next year ... More Midwest News Southeast Insurer Trade Group Urges Florida to Curb Auto Insurance 'Fraud Tax' Florida should allow more time for looking into suspicious claims, place a cap on attorneys' fees and more closely regulate medical ... Mississippi Insurance Chief Race Draws 2 Opponents for Chaney Louis Fondren, a Democrat from Gautier, and Barbara Dale Washer, the Reform Party candidate from Hattiesburg, seek to dislodge incumbent ... More Southeast News South Central Oklahoma Lawmaker Wants All Day Cares Insured An exemption that allows some day care operators not to carry liability insurance coverage should be removed, a state lawmaker told a ... Louisiana Must Turn Over Records to BP-U.S. Judge Louisiana must quickly turn over documents requested by oil giant BP, or else face dismissal of its lawsuit against the company for losses ... Klingman Joins Swett & Crawford Texas Trucking Team Transportation specialist Barbara Klingman has joined the Dallas office of Swett & Crawford as an underwriter in the Transportation ... Arkansas Rural Risk Underwriting Assoc. Assessments due Dec. 31 The Arkansas Department of Insurance announced that assessments from property/casualty insurers and farm mutual insurance companies for the ... 50 Homes Added to Louisiana Hurricane Repair Program Fifty additional homes have been added to a federal repair program for people in St. John the Baptist Parish, Louisiana, whose houses were ... More South Central News West Southern California Couple and Mother Arrested in Alleged Ponzi Scheme A Southern California couple and their mother were arrested and have been charged with violating multiple sections of the state's penal ... More West News International Thai Floods Batter Global Electronics, Auto Supply Chains Manufacturers of car parts and computer hard drives are the worst hit in Thailand, and face a bleak key holiday selling season due to ... Brokers Flock to Sign up for London Market's Electronic Trading 'e-Accounts' The London market's ambition to enable brokers to trade globally with it more easily has taken a significant step closer with phase one ... Q3 Earnings Reports: Montpelier Re; Everest Re; Endurance Specialty "While it's disappointing to report an operating loss, the third quarter was a dynamic period for Montpelier" Fairfax's Watsa Sees More Turmoil; Maintains Hedges Fairfax Financial Holdings is maintaining its market hedges due to concerns about the global economic outlook and in spite of the recent ... PartnerRe Details Cat Loss Estimates; $169 Million in Q3 Bermuda-based PartnerRe Ltd. has issued a statement indicating that it has "experienced no individual loss events occurring during the ... Best Affirms Munich Re, Subsidiaries, Munich Re America 'A+' Ratings A.M. Best Co. has affirmed the financial strength rating (FSR) of 'A+' (Superior) and issuer credit ratings (ICR) of "aa-" of Munich ... More International News Join the Insurance Journal Network Insurance Journal TV Intermediary Value The prolonged soft market and tough competition in the property/casualty insurance industry... Watch Now FERMA Growth Assured as Den Dekker Steps Down Peter den Dekker's tenure as president of the Federation of European Risk Management... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Social Media and its potential Posted: Fri Oct 28 -- The use of social media is very advantageous given that most tools are for FREE. So why hesitate on using this kind of marketing tool when... robmejia Android Applications/Insurance Related Posted: Fri Oct 28 -- I have seen some insurance android apps especially for agents but I don't know if it's worth downloading though. Anyone of you have tried... robmejia Marketing Marketing Marketing Posted: Thu Oct 27 -- I'm not sure how you measure how well social media works. Are you getting clients who say they came to you because of twitter or facebook?... Detroitgirl CIC & CPCU at the same time? Posted: Thu Oct 27 -- I am scheduled to take my first CIC exam in about 3 weeks time, however the next CIC exam in my state (Florida) isn't until February 2012 so... LMora Should An Agency Specialize or have a Niche? Posted: Thu Oct 27 -- Yeah I agree with you. Marketing for a certain niche is definitely more effective. And have a unique offer to acquire and retain customers. robmejia Insurance for DJ's Posted: Thu Oct 27 -- Is it necessary for DJ's to have an insurance when it isn't really a risky job? Probably, like any other individual, he would need a life... robmejia What is the Purpose of An Agency Website? Posted: Wed Oct 26 -- Good points! I think an agency website should be informative too. It should not be all about marketing. Readers must be able to get helpful... sethm Book recommendation for starting an agency? Posted: Wed Oct 26 -- Get the book entitled "Power Position Your Agency: A Guide to Insurance Agency Success." I read this book a few years ago. It's a good... sethm Can you get different rates for same insurer? Posted: Tue Oct 25 -- One assist is to have a homeowner install a professional monitoring system which will qualify them for anywhere between a 8-12% discount on... mgoodfriend Go to Forums Reader Comments Accident Fund Will Cover Comp Claim for Joplin Tornado Survivor Posted: Tue Oct 25 -- Sanity prevails! How refreshing! This poor fellow exposed himself (gosh that sounds wrong) to a higher degree of risk by attempting to save... reality bites More Unfit Floridians Have Driver's Licenses Yanked Posted: Tue Oct 25 -- When my Mom was approaching 90 she went to the Ohio deputy registrar office to renew her license. Part of the process is an eye test and she... Waterbug Florida Man Wins $1M Claim Against South Carolina Lawyer Posted: Tue Oct 25 -- Now that's a true feel good story! West Virginia Judge Affirms $91M Damage Award Against Nursing Home Posted: Mon Oct 24 -- $91,000,000?? For an 87-YO person? That's a lot of money for pain + suffering + loss of consortium. My parents aren't too much younger so I... reality bites Georgia Court to Weigh Alligator Claim Against Homeowners Association Posted: Fri Oct 21 -- This case could surely take a bite out of some insurance carriers reserves! Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue Focus on Professional Liability / PLUS, Law Firm Directory, Commercial Property, Insurance Geek Issue - What's New in Technology October 17, 2011 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 Senior Underwriting Specialist - Inland Marine Wholesale P & C Broker Regional Sales Manager - National Temporay Housing Provider Insurance Training Professional Have a job opening? List it on our Web site. 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