Daily Headlines: Friday, April 27, 2012

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April 27, 2012 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Transportation Chief Calls for National Ban on Cell Phone Use While Driving U.S. Transportation Secretary Ray LaHood called on Thursday for a federal law to ban talking on a cell phone or texting while driving any ... Hartford Sells Individual Annuity Unit Hartford Financial Services Group Inc said on Thursday it will sell its individual annuity operations to Forethought, a Houston-based ... Liberty Mutual Profit Soars 26% in Q1 Global insurer Liberty Mutual Holding Co. Inc. and its subsidiaries reported a 26 percent jump in net income for the three months ended ... Senate Committee Votes to End Direct Farm Subsidies, Backs New Insurance Plan U.S. farmers will get a new crop-subsidy program that protects them from ruinous declines in revenue, the biggest threat to survival with ... 10 Miners Have Died in Job-Related Accidents Thus Far in 2012 The federal Mine Safety and Health Administration said 10 miners died in work-related accidents at the nation's mines during the first ... ACE USA Enhances Hospice Insurance Products ACE USA's ACE Medical Risk Division now offers an endorsement for hospice care eligibility requirements. This new enhanced hospice care ... New BevCap Program Targets Beer Distributors Powered by InsuranceJournal.tv BevCap Management, an independent insurance agency in McKinney Texas that specializes in the program... More National News East N.Y. Regulators to Hold Hearings on Force-Placed Insurance in May New York's financial regulators will hold hearings on the so-called force-placed insurance next month. These hearings will be open to the ... Penn. Regulators Collected $71K in Fines, $3.4M in Restitution in Q1 Pennsylvania regulators announced on Thursday their quarterly enforcement actions for the 2012 first quarter. The Pennsylvania insurance ... Vermont and U.S. Officials Highlight Irene Housing Stephen Cutlip had only been living in Mendon for several weeks when he was displaced last summer by flooding from Tropical Storm Irene. ... Conn. Senate Passes Anti-Price-Gouging Bill to Help Homeowners The Connecticut Senate has voted to expand consumer protections from price gouging during major storms, such as the freak October snow ... New York, Florida Associates of ‘Mini-Madoff’ Arrested Four associates of a New York businessman convicted in a $400 million Ponzi scheme were arrested Wednesday on charges they pocketed nearly ... More East News Midwest Troubled Illinois Work Injury-Claim System Hit in Audit Illinois' troubled system for compensating injured state workers hands out money too readily, sometimes without medical evidence to back up ... North Dakota Fines 2 Insurance Companies North Dakota insurance regulators have fined two mutual insurance companies $10,000 each for operating outside their authorized ... Iowa's Fulwider Honored with Big 'I' Woodworth Memorial Award The Independent Insurance Agents & Brokers (the Big "I") has awarded an Iowa agency owner, Bob Fulwider, with the Woodworth ... Indiana Emergency Officials to Storm Chasers: Stay Home The recent outbreak of severe weather in Kansas had storm chasers out in full force. So many of them, in fact, that emergency officials ... More Midwest News Southeast Florida Agency to Fight FEMA Ban on Flood Insurance Commission Rebating One Florida insurance agency is protesting a decision by the federal flood insurance program that would stop insurers and agents from ... Donor Agrees to Pay Insurance for Bessie Smith Event in Tennessee An anonymous donor has stepped up to ensure the Bessie Smith Strut will go on, preserving the annual music event honoring the hometown ... More Southeast News South Central Rate Hike Proposal Sent to Board of Texas Windstorm Insurer In advance of the start of hurricane season, the actuarial underwriting committee of Texas' property insurer of last resort for coastal ... Oklahoma House Defeats Alternative Workers' Comp Measure The Oklahoma House has defeated workers' compensation legislation that would have allowed large employers to opt-out of the state's ... Schools, Manufacturers Earn Combined $1M in Texas Mutual Dividends Texas Mutual Insurance Co. announced that the Texas Schools Group and Texas Association of Manufacturers safety groups earned a combined ... More South Central News West Montana High Court Hears Hutterite Labor Case The Montana Supreme Court did not immediately rule after hearing competing arguments from a Hutterite colony and the state on whether ... Jury Finds Ford At Fault In Montana Crash Case A Montana jury has found defects in a tire sold by the Ford Motor Company were a factor in a 2003 Ford Bronco crash in which a Cascade ... Portland To Pay $250,000 For Mistakenly Arrested As Tagger Portland City Council approved a $250,000 settlement Wednesday with a man who was mistakenly arrested by police who suspected he was a ... New Mexico Widow Sues Utah Crematory, Claims Ashes Mix-Up A New Mexico widow whose husband was killed in a 2009 plane crash is suing a Utah crematory and funeral home after she says they gave her ... Bill To Align California With Dodd-Frank Passes Committee The California Senate Insurance Committee passed a law regarding reinsurers that would put the state in alignment with the Dodd–Frank ... California Department of Insurance Wants to be 'Liked' Insurance Commissioner Dave Jones and the California Department of Insurance really want you to like them. CDI now has a Facebook page. The ... More West News International Spanish Economy in ‘Huge Crisis’ after Sovereign Debt Downgrade Spain's sickly economy faces a "crisis of huge proportions", a minister said on Friday, as unemployment hit its highest level in two ... Berne Union Reports Members Insure $1.8 Trillion of Int’l. Trade, Investment "The volume of export credits and foreign direct investment insured by members of the Berne Union grew by 17 percent in 2011," said the ... Willis Post $225 Million Q1 Net Income; Strong Growth Willis Group Holdings reported net income from continuing operations for the quarter ended March 31, 2012 of $225 million, or $1.28 per ... Ratings Recap: Arab Orient, Tristar, ASSA, Arabia, ACR Capital A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of 'A' (Excellent) and the issuer credit rating of ... More International News Sponsored Content ThinkRisk and OneBeacon Announce [in]FUSE – Insurance Agents & Brokers Professional Liability Protection Chicago, IL, 04/27/12 - ThinkRisk Underwriting Agency, LLC and OneBeacon Professional Insurance join forces to announce the launch of a new ... More Sponsored Content Join the Insurance Journal Network Insurance Journal TV Annual Live Training Burn Educates Adjusters Pat Andler, a certified fire investigator and owner of Andler & Associates discusses the... Watch Now What D&O Buyers Look For In a Carrier What do insureds look for when shopping for a carrier to provide director and officers... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums NEEDED:History and Current Trends of the Independent Agent Posted: Fri Apr 27 -- From a historical perspective it would interesting to interview some independent agents. However, I don't think many are around who started... Rock54 Online Insurance and Leads Posted: Thu Apr 26 -- There are definitely some good agencies out there that do only offer real-time and exclusive leads. They'll even give your money back if... Auds How do you ask for a referral? Posted: Thu Apr 26 -- Instead of referrals, have you tried using any lead services? Auds Is it possible to get insurer appointments just starting out Posted: Thu Apr 26 -- This kind of post and topic question is generally exhausting...BiggBoy, you imply that you're new to the biz with a lot of ambition and... d's insurance store looking for feedback/advice please.... Posted: Wed Apr 25 -- My suggestion is to work with an independent agent as a producer. The KEY is to negotiate a good commission split and that YOU OWN YOUR BOOK... NYagent301 1-800-Car-Insurance Posted: Wed Apr 25 -- "Are you prepared for the associated costs of promoting that number, and can you isolate your promotion... glabman What are your thoughts on the insurance industry Posted: Tue Apr 24 -- The key question for anyone thinking that the road to riches is paved with personal lines insurance policies is to ask 'what can I do... d's insurance store Go to Forums Reader Comments Tennessee to Arrest Illegal Drivers Involved in Serious Auto Accidents Posted: Thu Apr 26 -- "Immigration groups have objected to the bill, saying it unnecessarily penalizes illegal aliens who may have jobs and a family and are not... Former Status Quo Solution for Disaster Recovery? House in a Box, Maybe Posted: Mon Apr 23 -- I wish there were a photo Roy Former N.J. School Chief in Insurance Bribery Scheme Drops Suit Posted: Thu Apr 26 -- Dear Mr. Ritacco: You broke the law in the performance of your duties. Sorry but we don't feel obligated to live up to the terms of your... reality bites AIG Adopts FASB Accounting Update, Revises Up 2010-11 Income by $5.1B Posted: Fri Apr 20 -- More creative accounting AIG? Pretty soon, you will say you don't owe the taxpayers anything even if the balance is still $80 Billion.... Agent Returning Soldiers Involved in More Car Crashes: Study Posted: Tue Apr 24 -- God bless our men and women in uniform, and those who wore it proudly. I suppose we should be grateful that they're not driving armored... reality bites Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue April 16, 2012 Big "I" Issue with Young Agents Survey; Medical Professional Liability; Business Interruption / Business Income; Bonus: Education & Training Directory 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 Workers' Compensation Adjuster Marketing Representative Vice President of Claims Management Trainee 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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