Daily Headlines: Wednesday, February 29, 2012

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February 29, 2012 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Taxpayers See Gain As New York Fed Sells Last of AIG Bailout Bonds The Federal Reserve Bank of New York on Tuesday sold the remaining portion of mortgage-backed securities acquired in the 2008 rescue of ... BP Seeks Settlement with Oil Spill Plaintiffs BP Plc is seeking to settle a lawsuit over the massive 2010 Gulf of Mexico oil spill by tapping into a $14 billion fund it set aside to ... Moody’s Must Face Whistleblower Analyst’s Retaliation Claim Moody's Investors Service was ordered to defend against a lawsuit by a whistleblowing former analyst who claimed it illegally retaliated ... Low-Cost Online Commercial Lines Quoting Tool for P/C Agents Launched The launch of a real-time commercial lines rater that gives agents access to a handful of large carriers was announced today by a division ... California Earthquake Authority Kicks Off Marketing Program for Agents The business of selling earthquake insurance to homeowners in California may have just gotten a bit easier. The California Earthquake... More National News East Free Speech Suit Settled in Massachusetts School Bullying Case A Massachusetts man has settled a federal lawsuit that claimed his free speech rights were violated when he was removed from a public ... 2 Baltimore Attorneys Sue Facebook Over Privacy Two Baltimore law firms have filed a lawsuit against Facebook, arguing that the site has violated privacy laws. The Daily Record of ... More East News Midwest United Fire Group Appoints Phillips to Board; Sullivan Named VP United Fire Group Inc., headquartered in Cedar Rapids, Iowa, appointed Michael W. Phillips to its board of directors and named Ed Sullivan ... $5.6M Recovered for North Dakota Insurance Consumers in 2011 North Dakota Insurance Commissioner Adam Hamm reported that more than $5.6 million was recovered or saved for North Dakota citizens in ... Illinois Officials to Promote Weather-Radio Use Illinois officials are urging residents to prepare for the threat of severe weather that accompanies the spring season. This year ... Insurance for Bonds Among Changes Sought by Missouri Lawmakers Several Missouri lawmakers want to add requirements for officials involved in economic development projects. A House panel heard testimony ... More Midwest News Southeast West Virginia Bill Requires Insurance Disclosure West Virginia's House of Delegates has approved a bill requiring insurance companies to provide policy information in advance of claims. ... North Carolina Lawmakers Look to Tackle Copper Theft Lawmakers in western North Carolina are looking to make it tougher for copper thieves to sell scrap metal, and they're getting creative ... Mississippi County’s Funds for Flood Property Buybacks Remain Unspent The state of Mississippi has asked Hancock County for $6 million in funds not spent on a "property acquisition'' project. The project is a ... More Southeast News South Central Hackings, Emails Shine Rare Light on Texas-Based Intelligence Firm Austin, Texas-based private intelligence analysis firm Strategic Forecasting Inc (Stratfor) was paid by Coca-Cola to gauge the threat of ... Republic Cos. Names Mattingly President/CEO Dallas-based Republic Cos. has named Joseph E. Mattingly to serve as president and chief executive officer. Since 2006 Mattingly has served ... Crime Prevention Campaign Joins Forces With Another Texas Town The Insurance Council of Texas (ICT) has joined with the Grand Prairie Police Department in a crime prevention campaign aimed at preventing ... Denham Springs, Louisiana Adopts New Flood Regulations The Denham Springs, La., City Council has approved changes to its flood ordinances. The Advocate reports the Federal Emergency Management ... More South Central News West 1-5 Percent Of Tsunami Debris Could Reach West Coast Tsunamis generated by the magnitude-9 earthquake in Japan last March dragged 3 million to 4 million tons of debris into the ocean after ... Grade Dave Jones, California Insurance Commissioner Insurance Commissioner Dave Jones marked his first full year in office last month by looking back on his and the California Department of ... Colorado May Criminalize Withholding Wages Withholding wages from an employee could become criminal in Colorado under a bill being debated at the state Legislature. A House committee ... Disabled Vet Gets $20k in Utah Service Dog Dispute A disabled Gulf War veteran is getting a $20,000 settlement in a federal lawsuit claiming he was repeatedly fined for keeping a companion ... Equipment Failure Blamed For BP Washington Refinery Fire The manager of BP's Cherry Point refinery in Washington says a fire earlier this month was most likely caused by equipment failure. A ... California Department of Insurance Files Action Against Zurich The California Department of Insurance initiated an administrative enforcement action against two insurers – Zurich American Insurance ... California Commissioner Jones Announces Settlement for Earthquake Policyholders The California Department of Insurance has settled a noncompliance action against GeoVera Insurance Co. following a 2010 investigation into ... More West News International China Higher Court Hears Apple’s iPad Trademark Claim Lawyers for Apple Inc. argued for its right to use the iPad trademark in China on Wednesday, as a higher court began a crucial hearing that ... Arbitrators Agree to Hear Chevron-Ecuador Pollution Liability Case An international tribunal has found that it has jurisdiction to decide if Ecuador violated a treaty with the United States requiring it to ... More International News Sponsored Content The Suitelife by Venture Programs is an exclusive insurance solution for the hospitality industry, serving resorts and premier hotels. Check it out. More Sponsored Content Join the Insurance Journal Network Insurance Journal TV Should D&O Cover Bribery? Director and officers liability coverage is increasingly being called up to respond to cases... Watch Now Chartis CEO Hancock on Fear, Regulation, Science and Expenses Peter D. Hancock, CEO of Chartis, AIG's global property/casualty business, discussed the... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Travelers Insurance in CA Posted: Wed Feb 29 -- Has anyone else been restricted to writing package business for Travelers personal insurance in CA? steve32 Questions about starting an MGA Posted: Tue Feb 28 -- Thanks DM. I actually called around and got a quote for about $5,000, which is MP I was told. I was expecting that. paulbennings CA Electrical Contractor BOP/GL Posted: Tue Feb 28 -- There are any number of Preferred carriers (Allied, CNAInsurance) who write commercial contractors. Have you checked with your Direct... LadyBroker Full-service boutique brokerage and invest Posted: Tue Feb 28 -- I have a buddy of mine who is about to open is own Full-service boutique and brokerage and investment firm. He was also thinking of... CoJones How have you Benefited from your Cluster Membership? Posted: Tue Feb 28 -- I want to Ditto what SACMAN had to say --- I am a former FIG agent for 22 years, Farmers divorced me. I thought briefly about staying away... William Graham is being profitable in NJ ever become reality? Posted: Tue Feb 28 -- Hello All, I wanted to get some input/comments from others in the insurance industry to see what they are seeing in regards to this issue... bjwestner Identity Theft Insurance Posted: Tue Feb 28 -- If you want to sell it you should get in with Harvard Benefits. Working for them is kind of a scam from what I've read online as it seems to... bjwestner Facebook Posted: Mon Feb 27 -- As these last notes came up as comments on the latest IJ news email, I went back to read (ok, I skimmed) this post from its origin a few... JasonBHBCo Go to Forums Reader Comments '100-Year Storms' May Happen Every 3 to 20 Years: MIT-Princeton Research Posted: Wed Feb 22 -- I'll bet JamesTR is the kind of guy who loves to listen to himself talk. Can you imagine having to sit anywhere near that gasbag at work? NoGWsince98 Parents of Child Born With Cystic Fibrosis Sue Posted: Tue Feb 28 -- Coming form someone who has tried for 3 years to get pregnant, this story is sad & disgusting to me. If the average age of death is 37, how... so sad Pennsylvania Township, Schools Pay $63K to Banned Fan Mom Posted: Fri Feb 24 -- It really should be mandatory that parents be given a tranquilizer before they are allowed to watch their kid play sports. Anejo Pennsylvania Christian College Sues Over Birth Control Regs Posted: Thu Feb 23 -- All IRC section 501(c)(3) organizations, including churches and religious organizations, must abide by certain rules: their net earnings... The Other Point of View Mom Sues UC Over Son's Overdose at UC Berkeley Posted: Mon Feb 27 -- Let's see....He was an adult (21), his mommy wants to blame the people that own the building for not acting like his mommy. I'm missing... csp Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue Agency Salary Survey; Boats & Marinas; Agribusiness / Farm & Ranch February 20, 2012 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 Casualty Claim Representative/Senior Casualty Claim Rep. Broker/Assistant Broker Producer, Commercial Lines Insurance Producers 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. 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