Daily Headlines: Tuesday, April 10, 2012

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April 10, 2012 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Property Insurance Rates Continue to Firm: Marsh Global property insurance rates continued to firm in the first quarter of 2012 and there are forces at play that will likely continue the ... Healthcare Law Could Worsen Deficits: Study President Barack Obama's healthcare law could sharply exceed its cost-savings targets and add up to $530 billion to the federal budget ... Wells Fargo Upgrades AIG on Likely Exit from Government Bailout American International Group Inc. will likely be independent from the U.S. government over the next year, Wells Fargo Securities said ... Obesity Now Accounts for 21% of Healthcare Costs: Study Obesity now accounts for almost 21 percent of U.S. healthcare costs - more than twice some previous estimates, reports a new Cornell ... Rondeau, Moreno Join Atlantic Casualty Goldsboro, North Carolina-based Atlantic Casualty Insurance Co. has added two executives. Jeanne Rondeau  has joined the Atlantic Casualty ... Chartis Introduces Package Policy for Schools, Associations, Public Entities Chartis has introduced Leaders Risk Protector, a modular insurance product expressly designed for schools, associations and public entities ... XL Group Launches new Umbrella Casualty Form XL Group plc's Excess Casualty's North American Umbrella team has launched a new umbrella policy form. The enhanced "A/B Umbrella" ... CRC's CEO Hopes to Create 'Best of the Best' With Crump Merger The recent acquisition of Roseland, N.J.-based insurance wholesaler Crump Group by BB&T Corp., a major regional bank and insurance ... New Insurance Ventures Ready, Waiting for Economy and Market to Turn The time appears to be right for new ventures including program managers, wholesaler brokers and retail agencies, despite uncertainty with... More National News East Sunoco Will Pay $2.2M to Settle Hazardous Waste Dispute in Mass. Sunoco, a petroleum and petrochemical manufacturing giant, will pay $2.2 million in Massachusetts to resolve a hazardous waste dispute. The ... Maryland Regulators Offer Tips on GAP Insurance The Maryland Insurance Administration is offering advice to car owners about risks of a total loss and how GAP insurance can help them. The ... Worldwide Facilities Acquires N.Y.-based Wholesaler Privett Worldwide Facilities, a Los Angeles-based independent surplus-lines broker and managing general agency, acquired assets of Privett Special ... Dartmouth College in N.H. to Help With China Health Reform Effort Dartmouth College is spending the next five years helping China improve its health care system through a partnership that officials say ... More East News Midwest J.M. Wilson Partners with The Iroquois Group Portage, Mich.-based managing general agency, J.M. Wilson, has entered into a partnership with The Iroquois Group. J.M. Wilson and the ... Bond Passage to Fund More Storm Shelters in Joplin, Missouri When Joplin, Mo., residents approved a $62 million bond issue recently, they agreed to fund more than just new schools. The bond issue and ... Officials Want Day Care Centers in South Dakota Town to Be Insured Health officials want the Sioux Falls City Council to require home day care centers to carry at least $1 million in liability insurance. ... More Midwest News Southeast Florida Homeowners Association Could Be Sued in Martin Shooting Case If Trayvon Martin's family sues over his death, they might not target George Zimmerman but instead the homeowners association of the ... Mississippi Highway Accident Reports Available on Internet Reports on accidents investigated by the Mississippi Highway Patrol can be purchased over the Internet. Public Safety Commissioner Albert ... More Southeast News South Central Loss Estimates from North Texas Storms Near $300M, Expected to Rise Loss estimates from the widespread tornado, high wind and hail storm activity in the Dallas-Arlington-Fort Worth area on April 3 are ... Louisiana Man Wins Great American Insurance Group's "Big Rig" A trucking company service manager from the New Orleans, La.-area has won a customized Peterbilt "big rig" in Ohio-based Great American ... Oklahoma Investigating Insurance Agent for Fraud, Exploitation An Oklahoma insurance agent is facing charges for exploitation of the elderly and fraud, investigators say. Oklahoma Insurance Commissioner ... More South Central News West California Workers' Comp Reform Taking Shape – Again At a recent joint hearing in Sacramento on workers' compensation in California with the Assembly and Senate statistic after statistic ... Fired Montana Blue Cross Official Files Lawsuit A former chief marketing officer for Blue Cross Blue Shield of Montana who says she was fired for reporting illegal actions by the company ... Radioactive Particles Found On Idaho Lab Debris Federal officials are investigating and taking precautionary measures after a contractor found radioactive particles on construction debris ... More West News International Microinsurance in Rapid Expansion Says ILO, Munich Re Report According to the Microinsurance Innovation Facility of the International Labor Organization and the Munich Re Foundation, "the number of ... Applied Systems to Open Canada Data Center Insurance software company Applied Systems announced plans to open a Canadian data center in the third quarter of 2012, in order to provide ... Cooper Gay Swett & Crawford Names Southwell to Head Group Operations Cooper Gay Swett & Crawford (CGSC), the global wholesale and reinsurance brokerage group, has appointed Gavin Southwell as head of ... More International News Insurance Journal Blogs Seriously? Another Social Media Site?! We all know social media sites can drive traffic to your site and help you climb the SEO ladder (check out Honey's blog post about SEO). ... More Blogs 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 CA Electrical Contractor BOP/GL Posted: Tue Apr 10 -- If they have a good loss history then the preferreds are the way to go if you want a ture BOP (Travelers, CNA, Allied etc). You will still... uwalka03 1 or 2 Dwellings? - CA Posted: Tue Apr 10 -- Based on the facts as presented, it would seem hard to have the risk seen as a "personal lines" exposure. Best for agent to examine the risk... mccluney looking for feedback/advice please.... Posted: Tue Apr 10 -- I don't know the captive side so I can't advise. On the broker side, try starting off as a personal/commercial CSR in a retail or wholesale... uwalka03 Executive Suites CA Posted: Tue Apr 10 -- I have a new applicant that leases a floor from an office building, has constructed multiple private offices within the leased space, and... uwalka03 New Venture - Non-Emergency transporation Posted: Tue Apr 10 -- I think most preferred and standard carriers shy away from livery. Have you tried Northland Insurance? They're a specialty arm for... wariline Lessor Risk liability vs tenant liability Posted: Mon Apr 9 -- Also, keep in mind that in the event the Tenant does not have any coverage, even though the Landlord does, the Landlord policy is for the... LadyBroker ADA Violations Posted: Mon Apr 9 -- Who would go out of business over an ADA claim? I think that's a little far-fetched. And I don't believe any one offers ADA coverage in... LadyBroker Acord forms mapping to Acord Certificates Posted: Mon Apr 9 -- Hello- can you please provide some additional information? i reviewed the 125 against the 22 and did not see eLabels that were shared or are... mgoodwin Why I believe in insurance agents Posted: Fri Apr 6 -- Is a cartoon gecko or a comedian in a white dress and bright red lipstick really the best our industry can do for spokespeople? Does it... Michael Jans Go to Forums Reader Comments Broker Admits Funneling Over $1M in Bribes to N.J. School Official Posted: Wed Apr 4 -- Just think how much the premium had to be for this school district in order for this to happen. Most school districts put their insurance... Agent Top Reasons Happy Couples File Wedding Insurance Claims Posted: Fri Apr 6 -- Does anyone posting speak clear English? Just curious... UCT Federal Healthcare Law to Aid Black Lung Victims Posted: Thu Apr 5 -- Sarah, If Obama gets his way, the coal plants will be shut down and the mines will close so the miners won't have to worry about getting... Agent Santa Fe Sues Aeropostale For Not Paying Living Wage Posted: Fri Apr 6 -- Please consider the financial impact of a large corporate retailer competing against local business. Bad enough they have buying power to... CalDude Trucker Harassment Class-Action Suit Backfires Posted: Thu Apr 5 -- Putting this case aside for a moment, it (the ruling) IS justified from the standpoint more often than not whenever the EEOC makes an... 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