Tuesday, October 4, 2011

Daily Headlines: Tuesday, October 4, 2011

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Insurance Journal Daily Headlines
October 4, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Boeing Arrest Points to Workplace Drug Problem

The arrest of more than three dozen people on drug charges at a Boeing military aircraft plant highlights the growing problem of ...

ACE Private Risk Launches Home Contents Valuation Service at Policy Inception

ACE Private Risk Services, the high-net-worth personal lines business of the ACE Group, has introduced a new service that provides guidance ...

2011 Sets New Record for Federal Disaster Declarations

The year 2011 will go down as a record-setting year when it comes to federal disaster declarations, industry analysts say. With another ...

From MyNewMarkets.com SLICE-ing Out a Piece of the Market - An Insurance Program for Pizza Parlors

Any way you slice it, an insurance program called "safety, loss control, insurance, coverage, expertise" is likely to get the attention of...
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East

Mass. Businessman Charged with Filing False Claims, Stealing $40K

A Waltham, Mass., businessman who is alleged to have stolen nearly $10,000 with his insurance fraud and another $30,000 in a separate ...

Insurance Agency Founder Sentenced for Fraud in D.C.

An insurance agency founder was recently placed on four years of supervised release and fined $10,000 in Washington, D.C., after earlier ...

Heffernan Appoints Bayeux Senior VP for New York Office

Walnut Creek, Calif.-based Heffernan Insurance Brokers has hired John Bayeux to join its New York City office as senior vice president, ...

New York Officially Launches Financial Services Department

New York Department of Financial Services, the new department that combines the state's insurance and banking regulators, was officially ...

Former Maryland Insurance Commissioner Orr Joins Workers’ Comp Insurer

Former Maryland Insurance Commissioner R. Steven Orr has joined Towson, Md.-based IWIF Workers' Compensation Insurance as senior vice ...

Aon Risk Solutions Hires Business Development VP in Rhode Island

Aon Risk Solutions, the global risk management unit of Aon Corp., has appointed Jeffrey Polucha as vice president of business development ...
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Midwest

ISU Network Adds Midwest Agencies

Great Northern Insurance of Sterling Heights, Mich., and Davidson Insurance Agency of West Plains, Mo., have joined the ISU Network, the ...

McKay Named Vice President at Ohio's Amer Insurance

Pat McKay recently joined Akron, Ohio-based Amer Insurance Agency as vice president. McKay previously was president of McKay Insurance ...

North Dakota Farmers Get Older, More Prosperous

North Dakota farmers on average are older and more prosperous than they were a decade ago, and running bigger operations, a new study ...
Southeast

State Farm to Stop Insuring Churches in Florida

Florida churches are having to seek insurance elsewhere after one of the state's provider of coverage to houses of worship has decided to ...

Tennessee Moving Ahead with Traffic Roundabouts

Circular intersections are becoming more common in Middle Tennessee as statistics show they decrease accidents and traffic congestion. ...

USG Adds 2 Producers in Tampa Office

USG Insurance Services Inc. has added Drake Burger and Steve Page as producers in its Tampa, Florida office. Burger most recently held the ...
South Central

Texas-based MainStreet Joins the ISU Network

MainStreet, an insurance agency in Montgomery, Texas, has joined the ISU Network, the San Francisco-based organization reported. ISU ...

Some Texas Residents Say Seismic Testing is Damaging Homes

Some homeowners in southeast Fort Worth, Texas, say they have found damage to their homes that they believe was caused by recent seismic ...

Deadline Nears to Submit Claims in Bayer Rice Case

The deadline is approaching for rice farmers to submit claims in order to share in the settlement of a lawsuit against Bayer CropScience ...
West

Magnuson Named Executive Perils EVP

Damien Magnuson has been promoted to senior vice president of Executive Perils. He reports to Peter Taffae, Managing Director, and works in ...
International

Piracy Costs World Shipping Industry $9B a Year

Piracy is costing the global shipping trade more than $9 billion a year, according to Indian ship owners, who are demanding that the U.N. ...

Tokyo Electric May Need $112B: Panel

A government panel reviewing Tokyo Electric Power Co.'s restructuring efforts said the troubled utility will need to raise as much as 8.6 ...

RSA launches Global Specialty Lines

RSA has combined its risk managed and specialist businesses across the globe to create the Global Specialty Lines (GSL) division. Led by ...

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Insurance Journal TV

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Thinking Globally, Operating Locally

All insurance is regional, according to conventional wisdom, so maintaining strong local...
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Triage Nurses Cut Costs in Workers' Comp

What if a business could lower its workers' compensation claims costs by as much as 30...

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New Discussions in the Forums

Professional indemnity insurance for individual partners
Posted: Tue Oct 4 -- Have any of you come across a situation in which partners of an unlimited liability partnership obtain professional indemnity insurance to... hksb
Super Newbie
Posted: Mon Oct 3 -- Make sure you are passionate about your work. Help your insured. Let them know and TRUST that you will be fair and be there in their time of... roofmaster417
Do you purchase Damage Waiver when renting a car?
Posted: Mon Oct 3 -- While I usually tell my customers who ask, that their policy has coverage that will respond to the damage to a rental vehicle, I also... Brenda H
Social Media
Posted: Mon Oct 3 -- Social media sites are a good platform for promotion and even lead generation. We've been using the PPC campaign Facebook to promote our... sethm
SEO and buying back links
Posted: Mon Oct 3 -- I'm not a big fan of buying backlinks because of the quality of links. Our company hired an SEO specialist to build links manually. We also... sethm
Direct carriers muscling us out of the market?
Posted: Mon Oct 3 -- The original topic was referring to direct writers muscling corner insurance agents out of the market. On the original topic I say that this... rodgwag

Reader Comments

Republican Ryan Proposes Individual Health Insurance Tax Credit
Posted: Wed Sep 28 -- "Giving patients and consumers control over health care resources would make all Americans less dependent on big business and big government... The Other Point of View
Feds Sue Texas Firm for Firing 600-Pound Employee
Posted: Thu Sep 29 -- This individual is a high hazard, and the Federal Government is butting in where they have no business being. Maybe Michelle will straighten... BMR
Judge Lets Agent Orange Case Against Monsanto Proceed
Posted: Thu Sep 29 -- I revel in any event that throws a wrench in the gears of this machine of evil. Only people can be evil, but the totality of the... Stephon Smith
Supreme Court to Hear Federal Healthcare Mandate
Posted: Tue Sep 27 -- This is not what Obama wants with over 60% of the public against this healthcare law. The last thing Obama wants is an election debate over... Sarah
Independent Agents Worried About Nationwide/Harleysville Deal
Posted: Wed Sep 28 -- I suppose Independent Agents are forgetting that Liberty Mutual purchased Montgomery Mutual and Ohio Casualty and merged the two. It seems... Bob

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Current Issue
Surplus Lines: State of the Market / NAPSLO Issue, Lloyd's Syndicate Spotlight, Agency Financial Products Directory (Banks, Funding, Capital for Acqui
October 3, 2011

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