Thursday, May 31, 2012

Daily Headlines: Thursday, May 31, 2012

Is Yours a Top 100 P/C Independent Agency? Now, 3 ways to qualify. Click here for more information.
Insurance Journal Daily Headlines
May 31, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Flood Insurance Program Extended Until July 30

As expected, the U.S. House of Representatives agreed with a Senate a measure extending the federal flood insurance program for 60 days ...

Bill Would Bar Insurance for Clawbacks

Executives at financial firms would no longer be able to buy insurance to protect themselves against compensation clawbacks or civil ...

Wells Fargo Looking to Buy Insurance Brokers: CEO

Wells Fargo & Co., which has been renewing its appetite for acquisitions lately, is interested in buying insurance sales businesses, ...

Small Firms’ Health Insurance Tax Break Disappoints

It seemed like a good idea at the time. But a health insurance tax credit for small businesses, part of President Barack Obama's health ...

House Expected to Agree to Senate’s 60-Day Extension of Flood Program Tonight

The House of Representatives is expected to go along with a 60-day reauthorization of the federal flood insurance program already approved ...

Consultant Burand Launches Agency E&O Blog on InsuranceJournal.com

Insurance agency consultant Chris Burand is launching a new blog on insurance agency errors and omissions (E&O) issues on ...

From MyNewMarkets.com 11 States Adopt Plan to Distribute Surplus Lines Premium Taxes

States participating in the Non-admitted Insurance Multi-state Agreement, or NIMA, have adopted a premium allocation method for distributing...

From IJAcademy.com Building Codes BAD for Your Insured

Few commercial structures fully meet the applicable jurisdictional building codes and regulations to which they are subject. Federal, state, and local building codes ...
Join Insurance Journal's Academy of Insurance -- Insuring Green Building and Materials, new challenges and opportunities for the insurance industry -- Register Today
East

NYC Publishes New Edition of ‘Ready New York’ Hurricane Guide

New York City's Office of Emergency Management has published a new edition of its hurricane guide.Titled "Ready New York: Hurricanes and ...

Delaware Weighs Mortgage Assistance Plans for Struggling Homeowners

Members of Delaware legislature's budget committee are wrestling with competing proposals from the governor and attorney general on how to ...

FM Global Names 3 Senior Vice Presidents in Rhode Island

Johnston, R.I.-headquartered FM Global, one of the world's largest business property insurers, announced a number of changes to its ...

Google Names Former MMC Exec Wittman as CFO of Motorola Mobility Unit

Internet search giant Google has named Vanessa Wittman as the new chief financial officer of its newly acquired Motorola Mobility Holdings ...

N.Y.-Based PIA Management Services Hires Government Affairs Counsel

PIA Management Services Inc. in Glenmont, N.Y., hired Bradford Lachut as government affairs counsel for its government and industry affairs ...

Orchid Launches Personal Lines Program with Icat

Orchid Underwriters Agency, Inc. in Vero Beach, Fla. has been granted exclusive access to a new residential underwriting program ...
Midwest

Judge Reduces Prison Sentence of Chicago Insurance Mogul

A federal judge has spared a former Chicago executive the necessity of serving the final few months of his prison sentence for stealing ...

Michigan Upper Peninsula Wildfire Destroys 115 Structures

State officials say 115 structures, including homes and a motel, have been destroyed by a wildfire in the Upper Peninsula. The Michigan ...

Missouri County Passes Copper Theft Ordinance

A new law in St. Louis County, Mo., addresses the frequent theft of copper, catalytic converters and air conditioner parts. The St. Louis ...

Fireman's Fund Appoints Shanks as Underwriting Executive in Chicago

Fireman's Fund Insurance Co. has appointed Eric Shanks to the position of senior vice president, personal insurance underwriting ...
Southeast

West Virginia Gears Up for Auto Insurance Verification Program

The West Virginia Department of Motor Vehicles is taking steps to educate motorists about electronic verification of insurance coverage. ...

Appeals Court Upholds Mississippi Fraud Verdict Against Asbestos Lawyers

A federal appeals court panel has upheld a $420,000 verdict against two Mississippi lawyers accused by a railroad company of committing ...

Kentucky Coal Mines in Arrears on Safety Fines: Report

A published report says Kentucky coal operators owe more in delinquent fines to federal authorities for mine safety violations than any ...

Neace Lukens Acquires South Carolina Broker

Louisville, Kentucky-based Neace Lukens is continuing its expansion by acquiring the independent risk management and insurance broker, ...

State Auto Consolidates RED, Rockhill in North Carolina

The specialty division of the State Auto Insurance Group is consolidating its Risk Evaluation and Design (RED) subsidiary and its Rockhill ...
Join Insurance Journal's Academy of Insurance -- Insuring Green Building and Materials, new challenges and opportunities for the insurance industry -- Register Today
South Central

Ratings of Louisiana-based Amerisafe Inc. and Subsidiaries Affirmed

A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and issuer credit ratings (ICR) of "a" of property/casualty ...

Southport Lane to Acquire Dallas National Insurance Co.

Southport Lane, a New York-based private equity firm, through its subsidiary Lonestar Holdco LLC, will acquire Dallas National Insurance ...

Officials: Louisiana Pump Station Work Will Help Protect From Floods

Lafourche Parish, La., officials say the repair of two pumping stations in the Raceland area will help protect against flooding. The parish ...

Arkansas Teacher Sues District Over Anger Management Course

A debate and forensics teacher at Fayetteville High School in Fayetteville, Ark., has filed a lawsuit against the district, claiming his ...
West

New Earthquake Faults Uncovered West Of Lake Tahoe

Scientists studying earthquake faults in the mountains west of Lake Tahoe say new, high-resolution imaging technology has helped uncover ...

Bill Addressing Spinal Surgery Devices Passes California Senate

A bill aimed at ending double payments for spinal surgery devices passed state Senate resoundingly on Wednesday and is now on its way to ...

Savage Named Oregon Insurance Commissioner

Lou Savage, Oregon's interim insurance commissioner for the past seven months, has been appointed to the position, replacing Teresa ...

Jones Approves New Pure Premium Rates

Insurance Commissioner Dave Jones on Tuesday issued a decision on the Workers' Compensation Insurance Rating Bureau's July 1 pure ...
Sponsored by: CIWA. Summer Forum and Annual Meeting. June 14-15 - Monterey Plaza Hotel and Spa. Click here for more information.
International

Top Trade Credit Insurer Pulls Cover for Exports to Greece

The world's biggest trade credit insurer, Euler Hermes, has suspended cover for exporters shipping to Greece because of the mounting risk ...

Prudential Buying U.S. Life Insurance Business from Swiss Re

Britain's No.1 insurer Prudential Plc on Thursday said it will buy life insurer SRLC America Holding Corp. from Swiss Re AG for 398 million ...

Sun Life Forms Venture with PVI to Sell in Vietnam

Sun Life Financial Inc. said Thursday it would form a joint venture with Vietnam's PVI Holdings that will allow Sun Life to sell insurance ...

Aon’s Anning Joins TigerRisk's London Office

Reinsurance broker  TigerRisk Partners reported that Nick Anning will join the firm as a director in its London office. In his new ...
Sponsored Content

Investigation Solutions & American Claims Management Continue Crusade Against Insurance Fraud

San Diego, CA, 5/31/12 - Investigation Solutions, Inc., the special investigations subsidiary of American Claims Management, Inc., recently ...

Join the Insurance Journal Network

Twitter Facebook LinkedIn


Insurance Journal TV

Video thumbnail

Annual Live Training Burn Educates Adjusters

Pat Andler, a certified fire investigator and owner of Andler & Associates discusses the...
Video thumbnail

What D&O Buyers Look For In a Carrier

What do insureds look for when shopping for a carrier to provide director and officers...

TV icon Watch more videos at InsuranceJournal.tv

New Discussions in the Forums

1-800-Car-Insurance
Posted: Thu May 31 -- I think this would be an extremely effective number to have for your agency. I would like to know how it works out for you. steveosiris
What are your thoughts on the insurance industry
Posted: Thu May 31 -- I have tried being an insurance agent before and I really liked it. If you just know how to talk to people then you don't have anything to... rijbadgett
CA STATE FUND
Posted: Wed May 30 -- One point of clarification... I have had some luck there with some people, who have been very helpful and knowledgeable. I don't mean to say... paulbennings
Credit Card Processing
Posted: Wed May 30 -- I'm looking for a Credit card processor that does not have excessive/ hidden fees. Online processing is what we prefer. Any suggestions... JAM
Video Email - Would you do it if it is cost effective
Posted: Wed May 23 -- I have been in the insurance industry since 1985. I have seen a lot of things come and go in that time period. I know right now the hot... Eagleeye
Licensing Outsourcing? Viable?
Posted: Wed May 23 -- Tip brought to you by your local PIA (Professional Insurance Agents Association) ... dm307799
Brokerage and investment firm
Posted: Tue May 22 -- Are you asking what the process is to register as an insurance agent/broker, and also as an investment (i.e. securities broker/dealer)? Your... Big Dog

Reader Comments

Montana School Settles Claim By Family Of Suicide Victim
Posted: Fri May 25 -- I don't understand. This young girl was attacked and violated and the teacher got a 3 year deferred sentence? He should be fried for his... Water Bug
Mom of Massachusetts Man Shot in Harvard Dorm Sues University
Posted: Fri May 25 -- Although I would be devastated were it my child, I would have to admit that life is sometimes unjust and unfair. Neither is grounds for a... Lynda Berge
More Top Executives Say Bribes for Business Acceptable
Posted: Thu May 24 -- That's just great (NOT). Way to lead by example people. Its often commented in the IJ that increased regulation is not favorable to the... Producer #1
BofA Whistleblower to Receive $14.5M in Mortgage Case
Posted: Wed May 30 -- These financial institutions are almost as corrupt as the politicians. Chris Dodd made out like a bandit with his favorable loan terms with... Agent
Maryland's State-Run WC Insurer IWIF to Become Private Nonprofit Co.
Posted: Tue May 29 -- While I generally agree that gov't involvment is not the best, I am not sure its wise to say "Any time" gov't influce is reduced that... Producer #1

Current Issue

May 21, 2012
Current Issue
Workers' Comp Report with ; Restaurants & Bars; Recreation & Leisure

More Newsletters

Choose Newsletters
Enter Your E-mail

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.
Insurance Journal
3570 Camino del Rio North, Suite 200
San Diego, CA 92108
(800) 897-9965
Copyright © 2012 by Wells Publishing, Inc.

No comments:

Post a Comment