Daily Headlines: Friday, June 15, 2012

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June 15, 2012 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Last Loans Used to Buy AIG, Bear Stearns Assets Repaid: Fed Reserve The Federal Reserve Bank of New York said on Thursday the last of its loans made to acquire risky assets from AIG and Bear Stearns during ... Senators Call for Bipartisan Support for Cap on Crop Insurance Subsidies U.S. Senators Jeanne Shaheen, D-N.H., and Pat Toomey, R-Pa. are urging the Senate to support their bipartisan amendment to end what they ... Ratings Recap: DTRIC, Kansas Bankers, ProAssurance, American Federated A.M. Best Co. has affirmed the financial strength rating (FSR) of 'A-' (Excellent) and issuer credit ratings (ICR) of "a-" of ... Facebook Fiasco, 'Blank Check' Companies Disrupt IPO Insurance Market The Facebook initial public offering (IPO) fallout is just getting started, but its effects are already being felt in the insurance... More National News East Maryland Collects $2M Fine From AIG Workers’ Comp Dispute Settlement The Maryland Insurance Administration said Thursday that regulators collected $2,022,805 in penalties from American International Group as ... Penn. Borough Seeks to Certify Levee, Avoid Higher Insurance Costs A creekside levee in one western Pennsylvania borough must be certified by federal regulators or most of the community will be declared a ... Federal Grants Available in July for Vt. Towns Hurt by Hurricane Irene Some federal funds are due out this summer for Vermont towns hurt by Tropical Storm Irene. Ray Doherty of Vermont Emergency Management ... New Jersey Manufacturers Insurance Co. Appoints New CFO New Jersey Manufacturers Insurance Company has named the company's treasurer Charles Prall as chief financial officer. He will also serve ... Marsh & McLennan Names Chief Knowledge Officer for Oliver Wyman Unit New York-headquartered Marsh & McLennan Companies Inc. said its Oliver Wyman management consulting unit appointed Ana Kreacic as chief ... More East News Midwest Illinois’ Insurance Program Managers Group Named a Best Place to Work Insurance Program Managers Group (IPMG) of St. Charles, Ill., has been recognized as one of the "Best Places to Work in Illinois" for ... 3 Universities Receive Grants from Griffith Insurance Education Foundation The Griffith Insurance Education Foundation, based in Columbus, Ohio, has awarded $15,000 in grant money to three universities to support ... Minnesota Traffic Deaths in 2011 Lowest Since 1944 Safety officials say Minnesota's traffic deaths in 2011 were the state's lowest annual death count since 1944. Officials on June 13 ... Safety National Receives Ratings Upgrades Excess workers' compensation carrier, Safety National Casualty Corp., announced that three major insurance rating agencies have increased ... More Midwest News Southeast Ala. Gov. Bentley Touts New Homeowner’s Insurance Laws Alabama's governor visited the Gulf coast this week to promote new laws designed to make homeowner's insurance more affordable after ... West Virginia Man Claims Contractor, Construction Dust Caused Mom’s Death The son of a Tucker County employee who died after inhaling dust from a construction project has filed a wrongful death lawsuit and wants ... West Virginia Mine Boss to Be Sentenced The former superintendent of the Upper Big Branch Mine will be sentenced Oct. 4 for his actions before the disaster that killed 29 men. ... More Southeast News South Central Dallas Area Pummeled with Baseball Size Hail Portions of Dallas along with surrounding cities were hit with large hail and high winds on June 13 causing damage to vehicles, homes and ... Aulenbacher Joins American Underwriting Managers as Marketing Director American Underwriting Managers, a surplus lines MGA with offices in Southlake and San Antonio, Texas, has added Gay Aulenbacher, as ... Ex-BP Engineer Faces Feb. Trial Tied to Oil Spill A former BP Plc engineer who is the first individual to face criminal charges related to the 2010 Gulf of Mexico oil spill has been ... SIAA Adds 4 South Central Agencies in May The Strategic Insurance Agency Alliance (SIAA) signed four new member agencies in the South Central Region in May. May's new South Central ... More South Central News West Arizona Asks For Haikus To Promote Dust Storm Safety Arizona transportation officials are getting the message out about dust storm safety – in precisely 17 syllables. The Arizona Department ... Abercrombie: Hawaii Will Have Insurance Exchange Gov. Neil Abercrombie says Hawaii is the first state to declare its intent to develop a state-based insurance exchange, a key component of ... Utah Officials Cite High Fire Danger Extremely dry conditions have prompted Utah officials to implement a series of fire restrictions aimed at preventing wildfires. Federal ... Montana Families Sue Over Prescribed Fire, Property Damage Three families have filed a lawsuit against the U.S. Forest Service alleging an August 2010 prescribed burn got out of control near ... Calif. Temporary Total Disability Rates For 2013 Announced The minimum and maximum temporary total disability rates for 2013 will increase on Jan. 1, 2013, the Department of Labor and Industrial ... Second Member of Alleged Auto Theft Crime Family Nabbed Louis Miller, 55, has been arrested on felony charges related to an organized automobile theft ring that was operating in Northern ... More West News International World Economies Prepare for Panic after Greek Elections Authorities in the world's major economies are preparing for a possible market storm or public panic after cliffhanger Greek elections this ... Lloyd’s Market Association Issues Guidance in Case of Euro Exit The Lloyds's Market Association (LMA) has joined central banks and other financial instiutions in preparing for a possible euro zone exit. ... UPDATE: Japan Lower House Passes Bill to Insure Iran Oil Imports Japan's lower house passed a bill on Friday to provide government guarantees on insurance for Iranian crude cargoes, a key step towards it ... PERILS Updates Loss Estimates from Windstorm Joachim Swiss based insurance advisor PERILS has issued an updated loss report for windstorm Joachim, which occurred from December 15 to 17, 2011 ... MGAA Appoints Comerford as First General Manager The UK's  Managing General Agents Association  announced the appointment of Jane Comerford as General Manager. She will be responsible ... More International News Sponsored Content Insurance Journal's Directory of E&S / Specialty Markets. Coming soon to inboxes, emails, and iPads everywhere! More Sponsored Content Insurance Journal Blogs Meet Barry Gilway: Florida’s Fate is in His Hands Meet Barry Gilway, 66, Florida Citizens Property Insurance Corporation's new president. Given the challenges ahead, I don't know ... More Blogs Join the Insurance Journal Network Insurance Journal TV Health/Benefits Sector Offers Potential Growth for P/C Agents Despite the uncertainty over the changes occurring in healthcare delivery and insurance... Watch Now Caution: D&O and Foreign Shareholders Firms that heralded a 2010 U.S. Supreme Court case barring plaintiffs from bringing class... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Excess Liability $15,000,000 for an Elelctronic Cigarette Co Posted: Fri Jun 15 -- If you have a market which can respond within 24-48 hours please contact me. This is an in house account. Risk: Electronic Cigarette... InsureTime Track Your CSR's Daily Sales Activity Posted: Fri Jun 15 -- A blog reader asked me recently about creating a daily sales activity report where a manager could check an employee's progress on a... johnsharp Unfair Competition amongst brokers Posted: Fri Jun 15 -- Wow...that's a pretty desperate move on their part. If they're on a public sidewalk/public property, and not accosting or intimidating... Big Dog Keeping Track of prospects Posted: Fri Jun 15 -- HappyFox, a ticketing solution would be a valuable addition to the CRM tools mentioned as above. HappyFox would help you keep a track of all... manojsundar Standalone Personal Articles Floater - California Posted: Thu Jun 14 -- abacus.net seems interesting. Naturally, we prefer a carrier that we can work directly with instead of going through another agency. We're... onstar New Venture - Non-Emergency transporation Posted: Wed Jun 13 -- I might be able to help with this. We've been writing a handful of these lately in CA at competitive rates... Chris... chrisg CA Electrical Contractor BOP/GL Posted: Wed Jun 13 -- Travelers Select will most likely write this risk. If you don't have access to them, we can access them for you. We are a wholesaler in CA... chrisg Just another day in the retail insurance biz Posted: Wed Jun 13 -- Send him this link and then ask him about the 2 illegal aliens that work for him without workers' comp while he's not working those 30... gmann1957 Calling all experienced MGAs...is this a fair deal? Posted: Wed Jun 13 -- Why not see if you can pay one of the current CSR's at the agency to handle cert requests on his/her own time or hire an outside CSR on a... jackwehoca Go to Forums Reader Comments C.M. Meiers Preliminary Injunction Decided, But Far From Over Posted: Fri Jun 8 -- Are you kidding? Obviously you must love soap opera's you're always commenting you seem to have some sort of grudge, get over it, they... IA Administration Ready to Respond on Healthcare Reform Ruling Posted: Mon Jun 11 -- I would agree with you,but you got the guy wrong. If we re-elect Obama, the country is toast before the end of his second term. First Agent Couple Sue Over Fallen Waikiki Tree Branch Posted: Mon Jun 11 -- So a law was in place to protect the tree rather than folks who might walk under it. I think our priorities are askew. Water Bug Court Revives Employee Lawsuit Over Racist Receipt Posted: Mon Jun 11 -- I don't get it. I have been called all kinds of names and have had racist epiphets hurled at me over the years. My sister and I once asked... Water Bug N.Y. Orders 'Force-Placed' Insurers to Submit New Lower Rate Proposals Posted: Wed Jun 13 -- Here's a novel idea. How about the homeowner get their own insurance, that will stop the price gouging. Also they shouldnt lower the... 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