Daily Headlines: Monday, May 14, 2012

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May 14, 2012 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Report: Workers’ Compensation Premium Grows But Market Results Still ‘Conflicted’ Workers' compensation premium grew by 7.4 percent in 2011, a positive sign for the state of the line. However, the combine ratio for the ... FDIC Outlines Strategy For When Big Financial Firms Fail The next time a big bank or financial firm fails, regulators hope to avoid a major blow to the economy by seizing the firm's parent company ... Cybersecurity Experts Eye Self-Correcting Network to Thwart Hackers In the online struggle for network security, Kansas State University cybersecurity experts are adding an ally to the security force: the ... Fireman's Fund Names Chanana to Senior Vice President Novato, Calif.-based Fireman's Fund Insurance Co. named Arun Chanana as senior vice president of distribution and agency management. ... ACE Launches Admitted Premises Pollution Policy for Public Entities ACE USA, the U.S.-based retail operations of the ACE Group, has introduced an enhanced public/educational entity pollution liability ... Chemical Industry Urged to Reduce Processing Hazards The chemical industry needs guidance in choosing alternative processing methods to reduce or eliminate hazards, a national panel said in a ... Schwab Loses Bid to Halt Regulatory Discipline Over Right to Sue A federal court judge on Friday threw out a lawsuit by Charles Schwab Corp. that sought to stop its regulator from bringing a disciplinary ... Duplicate Regulation Drives Up Commercial Premiums, Says Iowa Researcher Buyers of commercial liability insurance pay as much as 31 percent more in insurer compliance costs if their insurance company has to comply... More National News East New York Judge Orders Anonymous Blogger into Court Over Business Reports A New York judge has ordered an anonymous blogger to appear in court next week over accusations that the blog Alfredlittle.com wrote false ... R.I. Court Rules on Designated Drivers’ Liability Rhode Island's Supreme Court has ruled that designated drivers are not responsible for what their drunken passengers do after giving them ... The Dewey Chronicles: the Rise and Fall of a Legal Titan It was a tale of doom foretold in a pie chart. On Jan. 27, Dewey & LeBoeuf's partners were summoned to a meeting on the 22nd floor of ... PGI Acquires N.Y.-Based Program Administrator American Altair Group PGI Commercial, the U.S. program manager of Bermuda-based insurance distributor Primary Group, has acquired the assets American Altair ... Aon Hewitt Appoints Federal Client Manager in Washington, D.C. Aon Hewitt, the global human resource consulting business of Aon plc, appointed Robert Buggs as federal client manager, supporting federal ... More East News Midwest County in Iowa Warns Residents of Records Breach Some 3,000 Warren County, Iowa, residents have been notified that their personal information may have been scattered by the wind in the ... Cost of Liability Insurance Leads to Closing of Small Iowa Airport The grass-strip McBride Airport has closed nearly 50 years after it was carved out of an eastern Iowa farm field. Ivan McBride told The ... Missouri Regulators: Joplin Insurance Claims Deadline Approaching The Missouri Department of Insurance is sending an urgent message to Joplin residents with incomplete insurance claims related to the May ... More Midwest News Southeast Florida Hurricane Fund May Come Up Short If Big Storm Hits: Panel Florida may not have enough money to pay off hurricane insurance claims if a big storm hits this year. An advisory panel last Thursday ... Georgia Jury Awards Longshoreman $5.6 Million for Injury The Georgia Ports Authority is considering whether to appeal a jury verdict that awarded more than $5.6 million to a longshoreman for ... More Southeast News South Central New Law in Oklahoma Toughens Penalties for Insurance Fraud A bill recently passed and signed by the governor toughens the penalties for insurance fraud, state officials say. Senate Bill 1439, ... DWI Checkpoint in Louisiana's Calcasieu Parish Results in 5 Arrests A Mother's Day checkpoint in Louisiana's Calcasieu Parish ended in five arrests for driving while intoxicated. Law enforcement officers ... Louisiana Sheriff's Office, TV Producers Sued A Chauvin, La., woman, who claims a deputy used unnecessary violence as television cameras rolled, has filed suit against the Terrebonne ... More South Central News West SIAA Adds Eight West Members The Strategic Insurance Agency Alliance added eight members from the Western U.S. in April, SIAA announced. April's new West members ... Arizona Wildfires Grow, Evacuations Underway Fire crews battled several wildfires in Arizona over the weekend, including a 4 1/2-square-mile blaze in the northern part of the state ... Claims Valued At $35M Filed Over Reno Wildfires About 1,100 claims valued at $35 million have been filed as a result of two major wildfires around Reno in recent months, according to ... Bozeman Museum Awarded $2.3M in Donation Lawsuit A jury awarded $2.3 million to the Museum of the Rockies Inc. in a lawsuit against a Bozeman-area developer who failed to pay a promised ... Iditarod Champ Sues Over Nearly Severed Finger A former Iditarod champion who was forced to drop out of last year's dog-sled race when he nearly severed his index finger is suing the ... More West News International Lloyd’s U.S. CEO Comments on the Importance of ‘Vision 25′ Lloyd's announcement on Friday of the launch of its "Vision 25" program, an ambitious plan to prepare the historic London market for the ... European Commission Approves ING Restructuring; Opens New Probe The European Commission on Friday approved a restructuring plan for Dutch bank and insurer ING made during the financial crisis as ... Evolution Underwriting in Deal with Beazley to Develop PI Business in UK "Broker only" commercial underwriting specialist Evolution Underwriting announced that it has "entered into an exclusive underwriting and ... Greenlight Re Appoints Drake as VP-Business Development Cayman Islands-based Greenlight Capital Re, a specialist property and casualty reinsurer, has appointed John H. Drake, Jr. as Vice ... More International News Sponsored Content Agency Revolution Introduces MobiQuote™, the First Fully Integrated Mobile Optimized Website for Insurance Agencies Bend, OR, 05/14/12 - "Consumers are on a virtual stampede to mobile devices and it's killing lead generation for most insurance ... 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 New GA getting appointments Posted: Mon May 14 -- "Hi all, I am hoping to get your opinion on the difficulty in getting carriers to work with a new GA. Is it... mangroveman Producer Compensation-Florida Posted: Mon May 14 -- Usual is around 30% of renewal commission. That is what I paid my producers for their renewals, and I would pay them 45% of the NB... mangroveman Residential General Contractor - CA Work Comp Posted: Thu May 10 -- Hello, Does any one have a market for a General Contractor who does residential remodels and additions. The payroll is 70k annually. Looking... InsureTime Aviation Products Liability - Non-Critical Parts Posted: Thu May 10 -- From a former aviation underwriter, do yourself a favor and go directly to the aviation underwriters (in no particular order). Non-critical... AV8T Is it possible to get insurer appointments just starting out Posted: Wed May 9 -- BiggBoy, This is a very loaded question and will attempt to help. You indicated that you might want to start out for 6 months or so with a... Eagleeye HOA Products completed ops Posted: Tue May 8 -- How can you get the coverage included in the Umbrella if it is not on the primary policy? ALso, is the Products/Completed Ops coverage... LadyBroker Licensed vs non licensed CSR ( CA) Posted: Tue May 8 -- It is also illegal in my state (Texas) unlicensed CSR's cannot discuss coverages at all. Not even a deductible. bkrigsman Residential Apartment Building with Fuses - CA Posted: Tue May 8 -- If you find a market, I would be shocked if the market would supply other than Basic form property coverages. Liability for the apatment... mccluney Go to Forums Reader Comments Victims of Cyberbullying Fighting Back in Libel Suits Posted: Mon May 7 -- At the school where my kids attend, social media sites (and non-educational sites) are blocked and cell phones are only allowed in certain... Jim G Future Vision: Will Driving Become Too Safe to Insure? Posted: Wed May 9 -- The additional safety devices that are in place to reduce accident do help, but the idea of no accidents involving vehicles will never... Fanucci Christian Group Sues Michigan City, Muslims Over Event Posted: Mon May 7 -- Actually Beth, Timothy McVeigh was not in a twisted Christian Group. That is factually incorrect. I hear that analogy a lot in trying to... Vespo Police Seize 17 Pit Bulls in Louisiana Town Posted: Tue May 8 -- PropGal: No more comments need to be made. The facts have been posted and you can count your blessings that your "pack" have not hurt your... ITS OUR OWN FAULT Consumer-Directed Health Plans Show Mixed Results Posted: Wed May 9 -- If chronic disease drives 75%+ of our national healthcare expense, how could high deductibles have any positive impact on health/disease... 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