Daily Headlines: Monday, October 31, 2011

Contact us | Subscribe | Send to a Friend

October 31, 2011 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Company Health Plans Raising Costs for Smokers, Obese Like a lot of companies, Veridian Credit Union wants its employees to be healthier. In January, the Waterloo, Iowa-company rolled out a ... Why Real Estate Professionals Need E&O Coverage As real estate professionals know well, most signs point to slow progress in real estate industry growth. Professionals are left to manage ... Aspen U.S., V3 Insurance to Offer Misc. E&O, Optional Premises Liability Program Aspen U.S. Insurance has partnered with V3 Insurance Partners LLC, a managing general underwriting agency, to offer Vantage360 MPL+, a ... 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 Q3 Earnings Report: Selective Posts Net Loss Selective Insurance Group, based in Branchville, New Jersey, reported net loss of $20.1 million for the third quarter. The insurer had ... William Gallagher Settles With Regulators, Will Pay $1.7M Insurance broker William Gallagher Associates Inc. will pay $1.7 million as a settlement with Connecticut regulators over allegations that ... Virginia Farm Bureau Says It’s Peak Deer vs. Car Season The Virginia Farm Bureau is warning motorists to be mindful of deer wandering onto roads and highways, a common hazard during this time of ... Nearly 580,000 Lose Power During East Coast Snow The unusually early snowstorm bringing heavy, wet snow to the East Coast has knocked out power to nearly 580,000 customers. Most are in ... More East News Midwest Insurer Sues Manufacturer Over South Dakota Collapsed Pool Claims An insurance company is suing the maker of a portable pool to try to recoup money paid out as a result of a collapsed pool at the Mitchell ... Nebraska Health Exchange Would Need 83K-100K Enrollees As many as 100,000 Nebraskans would need to enroll in a state-based health insurance exchange before the program could sustain itself as ... ARM of Illinois Adds 100th Member to Public Schools Cooperative Associated Risk Managers (ARM) of Illinois has added Rochelle Community Consolidated School District #231 into the Prairie State Insurance ... More Midwest News Southeast West Virgnia City Wins $2.6M in Engineer Negligence Claim The Charleston Sanitary Board will get more than $2.6 million from a company it had hired to make compost out of yard waste and sewage ... More Southeast News South Central Feds Make Slow Progress on Flood Levee Inventory More than six years after Hurricane Katrina's rampage, authorities have taken only halting steps toward identifying weaknesses in a ... Mulcahy Joins York Risk Services Group as South Central Sales VP Claims administration and risk management services provider York Risk Services Group has added Pat Mulcahy as vice president of sales for ... Tremors in Oklahoma a Reminder to Check for Quake Coverage Recent minor earthquakes have rattled Oklahoma homes and businesses; seven tremors have been reported in the state during the month of ... Insurance Professionals of Katy Aligns with International Association The Insurance Professionals of Katy has affiliated with the International Association of Insurance Professionals (IAIP) (formerly NAIW ... Farmers Insurance: Nov.1 Will Dramatically Impact Oklahoma Drivers Farmers Insurance is advising Oklahoma residents that a new law, which goes into effect on Nov. 1, will have a significant effect on all ... More South Central News West Judge Blocks San Francisco’s Cell Phone Warning A U.S. judge has blocked most of a San Francisco ordinance that required warnings about cell phone safety risks, saying it violated the ... Mercury Reports Dip in Operating Income in 3Q, Increases Quarterly Dividend Mercury General Corp. (NYSE: MCY) on Monday reported a dip in operating income for the third quarter, and announced a dividend increase. ... More West News International Aon Report on Thai Floods Highlights ‘Extreme Human Suffering,’ Economic Loss’ Aon Benfield has published a highly detailed report on the ongoing floods in Thailand, from their meteorological beginnings - extremely ... UK PM Seeks Law Change to Allow Armed Guards on British Vessels UK Prime Minister David Cameron announced plans to amend British law to allow UK registered vessels to employ armed guards as security, ... Strong Peru Quake Causes Minor Damage, 83 Reported Injured A magnitude 6.9 earthquake that struck off the coast of southern Peru Friday shook buildings in Lima and injured 83 people near the city of ... War Veteran Turned Banker is China’s New Insurance Regulator Xiang Junbo, the man named on Saturday to be China's insurance regulator, recently led the country's third-largest lender from near ... AIR Gives Preliminary Analysis of Peru Quake Losses In a bulletin released shortly after the earthquake in Peru, Catastrophe modeling firm AIR Worldwide said that "given the relatively sparse ... AIR Worldwide Launches Multiple Peril Crop Insurance Model for China Catastrophe risk modeling firm AIR Worldwide announced that it has released the industry's first Multiple Peril Crop Insurance (MPCI) ... Third Quarter Earnings Reports: Aspen Insurance, Validus Holdings Combined ratio of 96.7 percent, or 85.5 percent excluding catastrophe losses for the third quarter of 2011, compared with a combined ratio... S&P Upgrades Swiss Re and Core Subsidiaries to ‘AA-’; Outlook Stable Standard & Poor's Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on Zurich-based ... BrokersLink Adds 8 New Members BrokersLink, a major independent international insurance broker network, announced that new brokers had joined the organization in Israel, ... More International News Insurance Journal Blogs It’s Unwise to Pay Too Much, but it’s Worse to Pay Too Little Think... It's unwise to pay too much, but it's worse to pay too little. When you pay too much, you lose a little money—that is all. When ... More Blogs 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 Chicago IL area insurance agencies who sell TRAVEL Insurance Posted: Mon Oct 31 -- You can look online. I'm certain that there are lots of carriers in Chicago area. troybenning Nursing Home (TX) Posted: Mon Oct 31 -- As some of the comments suggest above the only real way to get a feel for a care home is to visit it and make close inspection. One thing... Jambo86 Attorney considering CPCU- thoughts? Posted: Mon Oct 31 -- I spent this year on education and books like the CPCU which is 5 feet from me right now, was recovered in 8 days of work. But the knowledge... tkishore123 CIC & CPCU at the same time? Posted: Mon Oct 31 -- LMora, while I don't have my CIC yet, I did just complete the CPCU designation. My only word of advice would be this: find a group of people... BrianBaughman Can you get different rates for same insurer? Posted: Sun Oct 30 -- It is rare, but we know of one insurer that is giving a higher discount to high risk properties (such as second homes, mobile homes, etc.)... mgoodfriend Social Media and its potential Posted: Fri Oct 28 -- I started a Facebook page a few months ago for our agency. My boss noted that when a person goes to the page, on the right hand side are a... csrsd Should An Agency Specialize or have a Niche? Posted: Fri Oct 28 -- Yes, I totally agree for an agency to have a specialize field in their agency, because if you don't have anything that is stand out in the... roycheong1031 Insurance for DJ's Posted: Fri Oct 28 -- Well, sure, he does need Liability coverage. What if his equipment that he set up falls and damages a 3rd party's property, or, worse yet,... simiinsuranceguy 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 Go to Forums Reader Comments Florida Man Wins $1M Claim Against South Carolina Lawyer Posted: Tue Oct 25 -- Now that's a true feel good story! Johnny Cockrun 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 Wall Street Protesters Target Health Insurers Posted: Fri Oct 28 -- The hospital closed because it was 1 billion in debt. That would probably mean that the hospital was not able to pay their bills probably... Amazed 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 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 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. 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.