Daily Headlines: Tuesday, April 17, 2012

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April 17, 2012 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Only 1 Out of 4 Companies Buying Cyberinsurance Nearly three in four corporate risk managers are not buying insurance policies to cover data breaches and damage to customers' privacy ... Corporate Insurance Buyers Preparing for Hardening P/C Market: Survey A vast majority of corporate risk managers at U.S. companies are taking steps to prepare for a hardening property/casualty (P/C) insurance ... Wholesale Broker AmWINS Agrees to $1.3 Billion Recapitalization with New Mountain Wholesale insurance broker AmWINS Group Inc. announced today that its management and employee shareholders have agreed on a $1.3 billion ... Private U.S. P/C Insurers' Income Fell to $19.1B in 2011: ISO, PCI A new analysis shows that while the private U.S. property/casualty insurers suffered deteriorating results in 2011, they still ended the ... U.S. Re Analytics Launches Cost-Saving Tool for Cat-Exposed Insurers U.S. RE Analytics, LLC has developed a new tool to help catastrophe-exposed insurance companies reduce reinsurance costs and improve return ... Aon Risk Solutions Launches $50 Million-Limit Wage & Hour Product Aon Risk Solutions, the global risk management business of Aon, has launched of  a wage and hour product to fill a void for organizations ... NAS Allied Medical Facility to Offer GL on Occurrence Basis NAS Insurance Services Allied Medical Facility is expanding its medical malpractice coverage to offer general liability coverage on an ... Judge Extends Deadline for BP Oil Spill Settlement A federal judge has given BP Plc and lawyers for individuals and businesses who claimed they were harmed by the 2010 Gulf of Mexico oil ... Swiss Re Expands Direct-Selling Capabilities Through New Partnership As part of its expansion into direct-selling insurance to the global company marketplace, Swiss Re has partnered with Royal Sun Alliance... Airplane Pilots and Insurance Professionals During college I took several aeronautic ground classes along with actual flying lessons. Our instructors hammered safety and preparedness into our heads... More National News East Executive Life Liquidation Plan Gets N.Y. Court’s OK A New York judge on Monday approved a plan to liquidate the long-insolvent Executive Life Insurance Co of New York and pay out most of the ... Fire Warnings Issued in New Hampshire, Rhode Island Dry, windy conditions and warm weather are prompting Northeastern state officials to issue advisories on an elevated risk of fire. Here is ... Maine Woman Awarded $1.9M in Malpractice Suit A Maine woman who sued a doctor for malpractice because she said he overprescribed her methadone has been awarded $1.9 million by a jury ... Mass.-based A.I.M. Mutual Hires Hartford Exec as Financial Analyst A.I.M Mutual Insurance Companies, a workers' compensation insurer based in Burlington, Mass., appointed Glenn MacDonald as financial ... COO Named for New York-based Work At Home Vintage Employees Work At Home Vintage Employees LLC (WAHVE), a New York City-based company that provides domestic remote staffing services for insurance ... More East News Midwest Michigan Governor Signs Bill Making Motorcycle Helmets Optional A decades-long fight to eliminate Michigan's helmet law roared into the victory lane on April 13 when Gov. Rick Snyder announced he signed ... Ex-Governor, Lawyer Plead Guilty in Missouri Insurance Firm Donation Case Former Missouri Gov. Roger Wilson pleaded guilty on April 12 to misusing money involved in an illegal political donation made years after ... Beauford Named Vice President of Claims at Hastings Mutual Insurance Hastings Mutual Insurance Co., a property/casualty insurance carrier based in Hastings, Mich., appointed Renee Beauford as the company's ... Midwest Towns Say Early Storm Warnings Saved Lives The television was tuned to forecasters' dire warnings of an impending storm when Greg Tomlyanobich heard a short burst from a tornado ... More Midwest News Southeast FEMA to Florida Agents: Stop Using Commission Rebates to Solicit Business Federal emergency officials are calling on insurance agents to stop offering clients a cut of the agent's commission if the client agrees ... Michigan Volunteers Work on Alabama Storm-Damaged Houses A group of 70 volunteers from Michigan recently installed floors and insulation and did a myriad of repairs to five tornado-damaged houses ... New Law May Limit Participation in Flood Program in Florida A bill recently passed by Florida lawmakers could hinder the ability of some communities to participate in the federally funded flood ... More Southeast News South Central 6th Death Due to Oklahoma Tornado Is Confirmed Woodward County (Oklahoma) Emergency Management Director Matt Lehenbauer says a sixth person has died as a result of injuries suffered in a ... Oklahoma Gov. Vetoes Mobile Home Park Liability Bill; Lawmakers Critical Two Tulsa, Okla., lawmakers said they were disappointed by Gov. Mary Fallin's veto of a bill that would have given civil liability ... Alligator Visits Louisiana Motel, Bites Guest Authorities in Louisiana say a 6-foot alligator showed up at the front door of a Super 8 Motel outside Baton Rouge and bit a guest. West ... More South Central News West West Insurance Employment: California Job Market to Stay Soft The phrase "Go west young man," may not apply so well to the insurance industry in the nation's most populous state. An examination ... Alaska Legislature Passes Ban On Texting While Driving The Alaska state Senate passed HB255, a bill that bans texting while driving. The House passed the bill earlier. Lawmakers in 2008 passed ... EPA Approves Eastern Idaho Superfund Cleanup Plan An Environmental Protection Agency official says a cleanup plan has been approved for a Superfund site at a former phosphorous production ... Eastern Arizona Forest Plans For Wildfire Recovery An eastern Arizona forest charred by a massive wildlife is seeking comments on a modified plan to salvage burned timber and replant trees. ... More West News 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 looking for feedback/advice please.... Posted: Tue Apr 17 -- "BJ for what is worth -- of all the companies you mentioned --- State Farm is the best opportunity on a... bjwestner CPA looking for career advice. Posted: Mon Apr 16 -- I would wonder why you can't do both? Pesonally, I would do the Masters first, you just got your CPA so you are relatively new to the... LadyBroker Why I believe in insurance agents Posted: Sun Apr 15 -- very nice, thanks for sharing. itzawlgud Long Haul Trucking - independent owner/operator Posted: Fri Apr 13 -- Looking for access to markets who deal with independent owner/operators with 1 power unit. Need package - auto, GL, cargo, towing, reefer... GRCinCA CA Electrical Contractor BOP/GL Posted: Fri Apr 13 -- @mightyquinn, are you telling me that Farmers has better coverages than other preferred carriers? I have come up against their homeowners... joey52 workcomp ca metal mfg 3066 code Posted: Fri Apr 13 -- It's worth trying AmTrust. I just placed a metalworks account (3040) with them and it may well be similar enough for them to write. I... GRCinCA Children's product resale store Posted: Fri Apr 13 -- I am looking for a market for a client that has a store that sells used children's clothes, toys, and car seats. Located in he State of... mattbalt Executive Suites CA Posted: Wed Apr 11 -- Hi there, this sounds like a 'suh-weet' risk , ( uggh pardon the pun ... askanunderwriter One stop shop MGA Posted: Wed Apr 11 -- In my experience (and imho, ). Bass is a good underwriting outfit with caring staff. I have worked with various members of their... askanunderwriter Go to Forums Reader Comments Mont. Woman Awarded $34M in Insurance Lawsuit Posted: Fri Apr 13 -- Enough finanacial industry CEOs make that in a year. Yes, slap them and slap them hard when they abuse the publics trust by trying to rip... Kurt Justice Department Testing Little-Used Law in Financial Crisis Cases Posted: Fri Apr 13 -- What about the criminals in Congress who were intimately involved with Freddie & Fannie such as Barney Frank, Chris Dodd among others. We... Agent 160-Year Old Hanover Retaking Its Place as P/C Industry Leader Posted: Wed Apr 11 -- No other company in our region (Northeast) devotes more money to training agents. They bring in insurance gurus like Roger Sitkins and Scott... Tom Skelly Cruise Ship to Retrace Voyage of the Titanic Posted: Fri Apr 13 -- I am waiting for the Hindenberg ride.... CalDude Wisconsin Governor Signs Bill Erasing Workplace Discrimination Damages Posted: Wed Apr 11 -- Is this what you call damage? Milwaukee Journal Sentinel, which opposed Walker's collective bargaining reforms, recently noted, "The... susan Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue Big "I" Issue with Young Agents Survey; Medical Professional Liability; Business Interruption / Business Income; Bonus: Education & Training Directory April 16, 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 P&C Commercial Underwriter Trainee, P&C Underwriter Underwriting Assistant Senior Business Analyst 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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