Daily Headlines: Tuesday, November 29, 2011

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November 29, 2011 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Workers' Compensation System’s 'Elephant in the Room' The state-based workers' compensation system has evolved and survived for 100 years but it could face tough challenges in the coming ... Active 2011 Hurricane Season Breaks ‘Hurricane Amnesia’ The 2011 Atlantic hurricane season officially ends Wednesday, having produced a total of 19 tropical storms of which seven became ... Insurers Win First Round of Climate Change Coverage Litigation In light of the economic turmoil currently engulfing the United States and Europe, the Republican sweep in the 2010 midterm congressional ... Markel Launches Data Breach Endorsement for Healthcare Risks Healthcare providers insured by Markel now have access to a free DataBreach endorsement. The new endorsement covers liability resulting ... Norman-Spencer Introduces Exclusive Real Estate Product Norman-Spencer Agency has launched an exclusive real estate professional liability program. The comprehensive policy is backed by an ... Marsh Announces Two Promotions in Central Zone Marsh announced two promotions in its central business zone. It promoted Jack Butcher as its central zone leader and Dan Deighton as leader ... Judge Rejects Citigroup-SEC Mortgage Settlement; Orders Trial A federal judge angrily threw out Citigroup Inc.'s proposed $285 million settlement over the sale of toxic mortgage debt, excoriating the ... Next Big Thing in Insurance Coverage? Some in the insurance industry are staking their futures on the reputations of others. That is, they are looking to insure reputational... More National News East Massachusetts Enacts Law on Credit Ban for Auto Insurance Massachusetts Governor Deval Patrick signed into law that bans the use of credit in underwriting and rating private passenger motor vehicle ... Feds Say Farmers in Upstate New York Can Get Flood Loans Federal authorities say farmers in eight upstate New York counties are primary natural disaster areas eligible for assistance recovering ... Massachusetts ‘Alarm Fatigue’ Lawsuit Settled The family of an 89-year-old man who died at Massachusetts General Hospital when nurses did not respond to alarms on his cardiac monitor ... More East News Midwest Joplin Homeowners Need More Time to Rebuild, Missouri Regulators Say While insurance companies have paid out more than $1.1 billion for losses stemming from the May 22 tornado that devastated Joplin, Mo., ... Holmes Murphy & Associates Names Keough CEO, Bishop President Des Moines, Iowa-based Holmes Murphy & Associates has named Daniel T. Keough as the organization's CEO and Dennis Bishop as its ... Michigan Regulators Suspend Iron Mountain Insurance Agency, Agent The Michigan Office of Financial and Insurance Regulation (OFIR) has summarily suspended the licenses of Erickson & Associates Inc. (E ... More Midwest News Southeast Florida Looks to Manage State’s Workers' Compensation Costs Florida officials are looking for ways to reduce the state government's workers' compensation costs and considering changing some ... Judge Orders Georgia Tornado-Damaged Hotel Demolished A city judge in the northwest Georgia town of Ringgold has ordered a tornado-ravaged hotel to be torn down. Judge Gene Lowery said in a ... More Southeast News South Central Texas Regulator Abstains from MLR Vote; Says State Requested Waiver The National Association of Insurance Commissioners (NAIC) has adopted a resolution urging Congress to amend the Medical Loss Ratio (MLR) ... Lockton Adds Cahn as VP and Producer in Dallas Insurance industry veteran Andrew Cahn has joined privately held insurance broker, Lockton, as a vice president and producer in its Dallas ... More South Central News West Insurers Boost California's Economy by $34.7 Billion California's $1.9 trillion economy gets a multi-billion dollar boost from the property/casualty insurance industry, according to a report ... Scientists Say Kenai Area Getting Drier, Warmer Climate change is taking place on the Kenai Peninsula, slowly but surely. Over the last 100 years, climate change has been affecting the ... Minor Earthquake Near Yakutat The Alaska Earthquake Information Center says there was a minor earthquake near Yakutat. The earthquake occurred Saturday at 5:21 p.m. and ... More West News International Thai Flood May Hit Asia Harder Than Japan Disaster: Official The impact from Thailand floods on Asia's production networks may last longer and be deeper than that from Japan's March earthquake, ... Arbitrators Near Jurisdiction Call in Chevron-Ecuador Pollution Case Arbitrators expect to rule as early as next month on whether they can hear a dispute between Chevron Corp. and Ecuador related to a ... Validus Ends Transatlantic Takeover Bid Reinsurer Validus Holdings Monday withdrew its offer for peer Transatlantic Holdings, ending a months-long hostile takeover battle. ... More International News Join the Insurance Journal Network Insurance Journal TV Interesting Times in Medical Liability The medical liability market continues to perform well even as the nation struggles to... Watch Now Pat Ryan Asks, 'Are You Happy?' Patrick Ryan is an innovator who sees opportunity. And it was opportunity that drove him to... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Agency Management System Posted: Mon Nov 28 -- A resource for any agency researching the purchase of a product or service for their agency (including agency and document management... SteveAnderson QuickBooks Posted: Mon Nov 28 -- Quickbooks will work well for expenses but you can end up messing your income statement and sales figures if you do both direct and agency... miinsguy In search of separate Umbrella for standard carrier policies Posted: Fri Nov 25 -- I think Med James and Gracey Backer offers that robmejia Which carrier is best for hotels? Posted: Wed Nov 23 -- You can contact insurance.ca.gov. Try asking for a list of carriers. You can also post general questions or inquiries to insurance-related... sethm Energy Savings Insurance (ESI) Posted: Wed Nov 23 -- I think there's a need for such insurance. In fact, energy savings insurance was first offered many many years ago, but failed to make... sethm Go to Forums Reader Comments U.S. Rep. Barney Frank of Massachusetts Won't Seek Re-election Posted: Mon Nov 28 -- THANK GOD! Bwarney Fwank was half to blame for the housing collapse and Freddie and Fannie Mae's boon doggle for all tax payers. Good... Sarah Georgia Factory Worker Sues After Being Fired for Refusal to Wear '666' Posted: Tue Nov 22 -- I thought stickers were reserved for kids in kindergarden or for clearance merchandise... lol Kathy U.S. Healthcare Cuts Minimal, More Pain Looms Posted: Tue Nov 22 -- Doctors, Clinics, Hospitals and Vendors will soon see the gravy train end and they may have trouble making their Mercedes payments. They... Veteran Agent Thanksgiving Day is Top Day For Cooking Accidents Posted: Wed Nov 23 -- I laughed when I read in the article the following sentence: "Esposito offered safety tips for those planning to sue a fryer:" Is that a... The Other Point of View Allstate Drops North Carolina Homeowners Who Insure Autos Elsewhere Posted: Tue Nov 22 -- Wow and "Tying" in NJ is illegal. Jay Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue Contractors & Builders, Claims and the Independent Agent, Top Personal Lines Retail Agencies November 21, 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 P&C Commercial Underwriter Trainee, P&C Underwriter Experienced P & C Claims Adjuster Vice President, Excess Property 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. 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