Daily Headlines: Wednesday, October 5, 2011

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October 5, 2011 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Med Liability Insurers in Strong Financial Shape, Report Says Medical professional liability insurance (MPLI) carriers are in a strong financial position overall and the insurers are exhibiting rate ... How One Music Downloader Could Change Copyright Law In the age of iTunes and an-app-for-everything, Joel Tenenbaum's battle with the music industry over illegal downloading seems as relevant ... The Hartford Plans Staff Cuts; Sells Subrogation Services Unit Trumbull The Hartford Financial Services Group said it is expecting to implement a small staff reduction in coming months as part of its ongoing ... Euclid Managers Adopts New Coverages, Approach for Insuring Tech Firms Euclid Managers, LLC, an underwriting manager and claim administrator for internet, tech, media, manufacturing and miscellaneous ... NCPERS Launches Fiduciary Liability Insurance Program with Ullico Casualty The Board of Directors of the National Conference on Public Employee Retirement Systems NCPERS, a trade association for public sector ... Federal Flood Insurance Program Extended Until Nov. 18 The U.S. House of Representatives today passed legislation that keeps the government – and the federal flood insurance program-- running ... 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... More National News East Court Orders Boston Chiropractor to Pay Millions to Insurers A Massachusetts court recently ordered a local chiropractor and the clinics he owns to pay millions of dollars in damages to five insurers: ... Chartis to Trim Workforce American International Group said its property/casualty carrier Chartis will eliminate some jobs, with the reduction affecting less than 1 ... Insurers to Send Refunds to 14,149 Massachusetts Motorcycle Owners Travelers, Fireman's Fund and Electric Insurance are the latest insurers to reach a settlement with Massachusetts attorney general's office ... Towers Watson Acquires N.Y. Investment Advisory Firm Global professional services company Towers Watson has purchased WellsCanning, a Valhalla, N.Y.-based investment advisory firm specializing ... N.Y.-based U.S. RE Hires Reinsurance Veteran Polkinghorne Global reinsurance broker U.S. RE Corp. has appointed reinsurance veteran Scott Polkinghorne as senior vice president. He will be based at ... Lockton Hires New Producer for D.C. Brokerage Team Lockton Companies, a Kansas City, Mo.-headquartered insurance broker, hired Jenna Kirkpatrick Howard for its Washington, D.C., brokerage ... More East News Midwest Tornadoes Offer Lessons in Disaster Response and Planning In a year marked by a high number of severe and devastating natural catastrophes, one thing is evident — while rare, some situations are ... Number of U.S. Deer-Vehicle Collisions Falls 7 Percent For the third consecutive year, the number of deer-vehicle collisions in the U.S. has dropped, according to Illinois-based State Farm ... Chicago to Consider Ban on Texting While Biking Chicago City Council is to consider a ban on bicyclists texting while riding on city streets. The council's Traffic Safety Committee ... More Midwest News Southeast Kentucky Looks to Save by Self-Insuring State’s Vehicles Kentucky has started self-insuring state-owned vehicles and expects to save $750,000 a year by doing so. The program took effect Saturday ... Families of South Carolina Boat Crash Victims Settle The families of two women killed in a boat crash on Lake Murray last year will each be paid nearly $250,000 by the family of the man who ... Accident Insurance Hires Reps for Southeast States Accident Insurance Co. has added two business development representatives to cover the insurer's Southeastern states. Lauren Allen has ... More Southeast News South Central Holmes Murphy & Associates Acquires Bridge Insurance Partners Holmes Murphy & Associates, headquartered in Des Moines, Iowa, has acquired Dallas-based Bridge Insurance Partners LLC. The team of ... Texas Gov. Perry’s ‘Loser Pays’ Law Seen Having Limited Effect Texas Governor Rick Perry's latest plan to kick trial lawyers out of his state may not send them packing after all. The so-called "loser ... Fire Manufacturing Plant Near Dallas Contained, Authorities Say A fire at a chemical plant south of Dallas shot massive plumes of black smoke and bright orange flames into the sky on Oct. 3, forcing ... Ark Assurance Joins SPMP Group of Agencies Ark Assurance Group in Tyler, Texas, has joined SBMP Inc. Ark Assurance was established in 1977 and is owned by Criss Sudduth and John ... More South Central News West Bradway Named Business Development Manager of NAS Mark Bradway has been named business development manager of Encino, Calif.-based NAS Insurance Services. Bradway will oversee business ... California D.A.s Get $23M in Grants to Battle Auto Insurance Fraud Maria Ramirez' job heading the battle against automobile fraud in the state's most populous county is tough enough. But her division is ... Four More Years for California’s COIN It'll be four more years for California's COIN tax credit program. California Gov. Jerry Brown has signed legislation to extend the sunset ... Brown Signs Insurance Bill to Clarify Bond Requirements California Gov. Jerry Brown has signed a bill that makes several changes to various state insurance code sections regarding agent licensing ... More West News International For Allied World, Is No Deal a Better Deal? Allied World Assurance Co. Holdings Ltd.'s withdrawal from a bidding race for Transatlantic Holdings may have cost it the chance to beef up ... Deutsch Bank Head Sees ‘Fundamental Reassessment’ of Financial Industry Dr. Josef Ackermann's keynote speech to delegates at the Risk Management Forum of the Federation of European Risk Management Associations ... Regulators Tell Oil Firms to Improve Safety Oil and gas companies must improve the way they deal with safety issues in the wake of the Gulf of Mexico and Montara oil spills, ... More International News Join the Insurance Journal Network Insurance Journal TV Thinking Globally, Operating Locally All insurance is regional, according to conventional wisdom, so maintaining strong local... Watch Now 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 Watch more videos at InsuranceJournal.tv New Discussions in the Forums Social Media Posted: Tue Oct 4 -- I'd like to invite agents and company folks to participate in a survey we put together to gather some good, and more reliable, data on how... JasonBHBCo Attorney considering CPCU- thoughts? Posted: Tue Oct 4 -- If choose between ARM and CPCU I'd choose the latter ast gives you more options (imo, sure) lawyevara 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 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 Go to Forums 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 Nationwide, Harleysville CEOs Reassure Agents: Merger All About Growth Posted: Fri Sep 30 -- Watch out Harleysville employees. I can see a downsizing and takeover with Nationwide in charge. It happens every time with mergers. Longtime Agent 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... 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