Monday, December 12, 2011

Daily Headlines: Monday, December 12, 2011

Sponsored by: MyNewMarkets.com. Looking for Trucking Markets? Click here for more information.
Insurance Journal Daily Headlines
December 12, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

How to Attract Carrier Attention on Program Business

Agents who use an organized, straightforward method when submitting program business to market will benefit by gaining faster response ...

Perpetuation: It Isn't Just a Money Thing

When agency owners think of perpetuation planning, they often think only of the financial aspect: Selling their agencies. In some circles, ...

Supreme Court Schedules Healthcare Law Briefs

The Supreme Court last week set the schedule for briefs to be filed ahead of hearing arguments in late March over President Barack Obama's ...

Online Portal Aims to Connect Independent Agents with Consumers

Beginning early next year, independent insurance agents will be able to tap into an online resource designed to connect them with the more ...

From MyNewMarkets.com Wells Fargo Insurance Banks on High Demand for Affordable Housing

In a nation where the poverty rate has inched above 15 percent, it makes sense that affordable housing is on the minds of many. This list...
Sponsored by: IJ Academy. PRIS: Reserved for the Best in the Industry. A 3-Day Training Retreat with Chris Boggs and Maureen Gallagher. Click here for more information.
East

FEMA, N.Y. Officials Settle Dispute Over Flood Insurance Regulation

Federal Emergency Management Agency (FEMA) issued a new bulletin telling insurers that they should cooperate with state regulators on ...

Connecticut Updates Underwriting Guidelines for Hurricane Deductible

Connecticut insurance department announced today that it has updated its coastal underwriting guidelines to clarify when hurricane ...

N.Y. Authorities Say 18 People Arrested on Workers’ Comp Fraud Charges

New York State Department of Financial Services announced last week that 18 people in 13 New York counties have been arrested on workers' ...
Midwest

First Nonprofit Names White President, CEO; Warth to Head Mutual Insurers

First Nonprofit Insurance Co. (FNIC), headquartered in Chicago, announced organizational changes. Philip Warth, chief executive officer of ...

Rockhill Hires Zillgitt as Marketing, Business Development Leader

The Rockhill Insurance Group has hired Garick Zillgitt as its vice president of marketing and business development. Zillgitt has nearly 30 ...

North Dakota Insurance Agent Ordered to Stop Doing Business

North Dakota Insurance Commissioner Adam Hamm has ordered a Bismarck agent to stop doing business. Hamm says Ryan G. Eckroth allegedly ...

Iowa Agent Pays $835K to End Crop Insurance Case

After five years of litigation, an Iowa insurance agent will pay $835,000 to settle allegations that he filed false federal crop insurance ...
Southeast

North Carolina Homes Rebuilt After Twisters

The relief organization Samaritan's Purse last Friday turned over the keys of two homes rebuilt by volunteers eight months after they were ...

Charleston Doubles Reward for Arson Tips

The city of Charleston is now offering $50,000 for tips that lead to the arrest of whoever is responsible for a series of arsons during the ...
South Central

U.S. Court Affirms $50M Verdict for Rice Farmers

The Arkansas Supreme Court has affirmed a nearly $50 million verdict for farmers who say they lost money because Bayer's genetically ...

Texas Lawmakers Named to Coastal Insurance Study Committee

A joint committee of state lawmakers over the next year will be looking in to alternatives for providing property insurance along the Texas ...

Insential Names Dowd Director of Financial Services

Plano, Texas-based wholesale broker and managing general underwriter (MGU), Insential Inc., has added Tom Dowd as director of financial ...

Analysis: Health Exchange Debate not Over in Arkansas

The Arkansas insurance commissioner's decision to give up on the state running a health insurance exchange isn't the end of the fight over ...
International

S&P Puts Allianz, Aviva, AXA, Generali, Mapfre Units, 10 Other EU Insurers on CreditWatch/Negative

Standard & Poor's Ratings announced that it has placed its ratings on the following insurers (and certain related operating ...

Best Reports on Bermuda’s Challenges; Torus’ O’Donohoe Comments on Diminished Role

A special report from A.M. Best highlights the "challenging conditions" facing Bermuda's insurance and reinsurance market, despite what ...

New U.N. Climate Deal Struck; Critics Say Gains Modest

Countries from around the globe agreed on Sunday to forge a new deal forcing all the biggest polluters for the first time to limit ...

Northern UK, Scotland Battered by Windstorm Friedhelm: AIR Analysis

According to catastrophe modeling firm AIR Worldwide, a red alert was issued for winds in Scotland and the Northern UK by the Met Office. ...

Willis Group Acquires Italian Broker

Willis Italy, a unit of Willis Group Holdings, announced the acquisition of Broking Italia SRL, a long-established specialist in the ...

India’s Reliance Capital Eyes General Insurance Stake Sale w/in 6 Months

Indian financial services firm Reliance Capital is in talks with potential partners to sell up to 26 percent in its general insurance ...

Lippe to Step Down as Swiss Re CEO

Swiss Re's Board of Directors announced that Stefan Lippe has decided to step down as CEO of Swiss Re in the course of 2012. The board also ...

Liberty Syndicates Name Sprent to Head Global Financial Risks

Liberty Syndicates Management, a member of Liberty Mutual Group, announced that Peter Sprent, an experienced political risk and trade ...

Navigators Launches International Defense Costs Coverage

The Navigators Group Inc. has created an international defense costs policy for individual directors in the wake of developments in ...
Sponsored Content
The e-Marketing Minute is a bi-weekly video series designed to help insurance agents learn how to grow their agency utilizing the Internet. Check it out.

Join the Insurance Journal Network

Twitter Facebook LinkedIn


Insurance Journal TV

Video thumbnail

Swiss Re Chief Economist Analyzes Current Market Conditions

Swiss Re's chief economist Kurt Karl discusses the challenges the insurance industry faces,...
Video thumbnail

Interesting Times in Medical Liability

The medical liability market continues to perform well even as the nation struggles to...

TV icon Watch more videos at InsuranceJournal.tv

New Discussions in the Forums

High Value Personal Auto
Posted: Mon Dec 12 -- Chubb does a great job on these vehicles. While they are higher than some, their coverage cannot be beat. CSRQueen
Workers Comp for a GYM
Posted: Fri Dec 9 -- Any workers comp market recommendations for a gym with 1.2M in payroll? Please advise. Thanks!
Loss Payment on a BOP
Posted: Thu Dec 8 -- In cases of a partial loss where the limit of insurance less than 80% of the replacement cost, the policy states that it pays the greater of... dietschleis
Lessor's Risk on a BOP
Posted: Thu Dec 8 -- Have you included business interpution on the CPP? Have you thought about the general agrregate on GL for having many risks on one policy.... jtownagent
How do you ask for a referral?
Posted: Wed Dec 7 -- Most people like to help others. Be upfront, and honest. Say, "I try to provide the best service I can for my clients. Do you know anyone... erieagent
Batch Clause undre Products Liability
Posted: Fri Dec 2 -- Submit the claim to both insurance carriers and let them figure it out. That's their job. Big Dog

Reader Comments

Iowa Man Won't Get $10.6M Malpractice Award
Posted: Mon Dec 5 -- haha...holy crap. if you need more evidence that our judicial system is broken, please read that article again. #1, guy gets insane... George
$55K Settlement In Pepper Spraying Of California 7-Year-Old
Posted: Fri Dec 9 -- Well, you know how dangerous a seven-year-old can be when he's running wild with a dictionary in his hand! Big Mike In CA
Travelers CEO Says His Company's Business Insurance Rates Up Over 5%
Posted: Wed Dec 7 -- They have to raise rates to pay Mr. Fishman's (the CEO) more than $20 million annual salary. The Other Point of View
Idaho Homeowners Association Treasurer Charged With Embezzling
Posted: Thu Dec 8 -- There is no more corrupt form of government on the planet than a homeowners association. Anejo
NHL Says Brain Ailment Evidence Is Lacking
Posted: Fri Dec 9 -- NHL needs to take the lead here. No evidence? How about the 28 year old kid with the brain of an 85 year old alzheimer's patient? The only... MP

Current Issue

Current Issue
Program Directory, Vol. II - Volume Two of the Agent's Favorite Program Placement Resource
December 5, 2011

More Newsletters

Choose Newsletters
Enter Your E-mail

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.
Insurance Journal
3570 Camino del Rio North, Suite 200
San Diego, CA 92108
(800) 897-9965
Copyright © 2011 by Wells Publishing, Inc.

No comments:

Post a Comment