Daily Headlines: Tuesday, June 26, 2012

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June 26, 2012 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National P/C Industry Should Not Expect Traditional Hard Market Soon: Hartwig Although insurance rates have been drifting upward in recent months, the property/casualty industry is unlikely to see a return to the ... Obama Lends Support to Senate Flood Insurance Bill The Obama Administration has signaled its support for a Senate bill (S.1940) to reauthorize the National Flood Insurance Program (NFIP). ... Customer Satisfaction with Auto Insurers at New High: J.D. Powers Overall customer satisfaction with auto insurance companies has reached an all-time high, according to the J.D. Power and Associates 2012 ... Geico Spends 6.5% of Premiums on Advertising Geico, billionaire investor Warren Buffett's auto insurer, spent far more than property insurance peers on advertising in 2011, both on an ... XL Expands Technology Underwriting Staff in New York, Atlanta, Chicago XL Group plc has expanded its technology underwriting capabilities in New York, Atlanta and Chicago, adding six underwriters to its U.S. ... Vertafore Unveils Agency Management System with Mobile Capabilties Vertafore, an insurance industry software provider, has made available its insurance agency management system, AMS360 v6.5. The new version ... Argo Pro Introduces New Cyber Liability Product Argo Pro, a member of Argo Group International Holdings, Ltd. has introduced a new cyber liability insurance product – information & ... How Predictive Modeling Has Revolutionized Insurance The use of predictive modeling has forever changed the way insurance policies are priced. The revolutionary tool allows insurers to design... More National News East Federal Funds Available for Vermont for May 29 Storm, Flash Flooding Vermont Gov. Peter Shumlin said the state's request for a federal disaster declaration following damage caused by heavy rains, winds and ... N.J. Woman Hit With Ball Sues Little League Player A New Jersey woman who was struck in the face with a baseball at a Little League game is suing the young catcher who threw it. Elizabeth ... Va.-Based Broker Rutherfoord Appoints Employee Benefits Leader Rutherfoord, a Marsh & McLennan Agency LLC (MMA) company, appointed Guy Morrison, a 20-year veteran of the employee benefits industry, as ... Insurance Center of New England Appoints New Sales Representative The Insurance Center of New England, an independent agency headquartered in Agawam, Mass., appointed industry veteran Laurie Brunton as a ... More East News Midwest Nebraska Construction Company Owner Sentenced for Wire, Insurance Fraud A Fremont, Neb., man has been sentenced to 18 months in federal prison for a wire fraud conviction that cost banks and insurance companies ... Association’s Suit Seeks Information from Michigan Auto Claims Administrator The Brain Injury Association of Michigan (BIAMI) announced it has filed a lawsuit against the Michigan Catastrophic Claims Association ... National Interstate Broadens Trucking Insurance Programs Richfield, Ohio-based National Interstate Insurance Co. announced it is expanding its trucking insurance program by targeting heavy haul, ... More Midwest News Southeast Tropical Storm Debby Tracking Slowly Towards Florida's West Coast: AIR According to catastrophe modeling firm AIR Worldwide, as of 8 a.m. today, Tropical Storm Debby was still a weak tropical storm on the ... RMS Update on Tropical Storm Debby in Florida Catastrophe modeling firm Risk Management Solutions (RMS) issued the following update on Tropical Storm Debby this morning, Tuesday, June ... Tropical Storm Debby Drenches Florida Tropical Storm Debby whipped Florida with bands of drenching rain Monday while its center was nearly stationary in the Gulf of Mexico. Its ... FEMA to Floridians, Visitors: ‘Take Debby Seriously’ The Federal Emergency Management Agency (FEMA) and its federal partners said they continue to monitor and work closely with states ... More Southeast News South Central 3 Missing After Trains Collide in Rural Oklahoma Three Union Pacific crew members remain missing after two trains collided in the Oklahoma Panhandle, causing a white-hot fire that ... Report: Texas Reforms Reduced Costs of Medical Care for Injured Workers A new study from the Workers Compensation Research Institute (WCRI), an independent, not-for-profit research organization based in ... Yantis, Nelson Join Mercury Financial Group in Texas Mercury Financial Group has added Gail Yantis, vice president, life specialist in its greater Austin/San Antonio, Texas, service area. ... More South Central News West Church Protests Insurance Rules For Sex Offenders An Oregon church is challenging requirements set by its insurance company for how it treats sex offenders who attend services. Pastor Chad ... Poms Names Herbert Vice President of Employee Benefits Los Angeles, Calif.-based Poms and Associates Insurance Brokers named Jack Herbert vice president of employee benefits in the firm's Los ... Bingaman Introduces Post-Fire Flood Legislation New Mexico's two U.S. senators are pushing legislation that would make it easier for residents affected by wildfires on federal lands to ... Western Security Surplus Launches Admitted Bar, Restaurant Program in Calif. Western Security Surplus Insurance Brokers has launched a bar, tavern and restaurant program in California. This is a brand new program in ... More West News International So. Korea to Halt Iran Oil Imports as EU Insurance Ban Bites South Korea became the first major Asian consumer of Iranian crude to announce a halt to imports after the government said they would be ... Europe’s Tower of Babel Hampers Solution to Euro Crisis As Europe considers a leap towards closer integration to try to save the euro single currency, it resembles the biblical Tower of Babel - ... AXIS Appoints Butt to Replace Charman as Chairman Bermuda-based AXIS Capital Holdings Limited announced that its Board of Directors has appointed Board member and former Chairman Michael A. ... XL Group Launches New Website XL Group plc announced the launch of its newly redesigned website from its Dublin headquarters. "The new site presents a simplified online ... Best Special Report on Russia Says ‘Insurance Revolution Begins to Gain Pace’ A.M. Best ahs issued a special report - "Russia's Insurance Revolution Begins to Gain Pace," which notes that "insurance penetration ... Best Affirms Ratings of ACE European Group Limited A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of 'A+' (Superior) and the issuer credit rating of ... ACE USA Expands International Advantage Coverage ACE USA has expanded its International Advantage product to offer enhanced coverages for the risks faced by professional services employees ... 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 How to Stand Out at Trade Shows Trade shows and conventions are a great way to increase brand awareness and make new connections. However, all the other companies ... 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 M&As Often Come with D&O Exposures Companies must do their due diligence when acquiring foreign entities or they could end... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Do you use online leads services? Posted: Mon Jun 25 -- Untrue, Quote Wizard does not quote Esurance and Geico directly; they only provide you with links to them after wasting your time filling... Robert742 American Family Posted: Mon Jun 25 -- Buckeyes772, gregcw gave you really good advise. It appears that he does not have a side agenda when he resonded to you. One of the things I... Eagleeye National Agents Alliance? Legit or Keep Away? Posted: Mon Jun 25 -- In my previous message regarding NAA Legit or Keep Away, I talked about jobs vs. MLMs and how so many folks think MLMs are scams, ripoffs,... Man from McKavett Request for Life & Health License in CA Posted: Thu Jun 21 -- Hi All! Wants to get the life & health license, but wasn't sure which one I should choose from DOI in CA (they have "life-only" and health... roycheong1031 Track Your CSR's Daily Sales Activity Posted: Thu Jun 21 -- Nothing more annoying to a person, than having some jerk running round with a stopwatch looking over your shoulder, making you log every... OldIndyAgent Commercial Named Non owner policy Posted: Thu Jun 21 -- Anyone know of a carrier that will write a Commercial Named non owner policy? JAM Can an employer fire an employee because their pre-convicted Posted: Wed Jun 20 -- Lying on a job application could be. Was the employee asked about past problems with the law? If the employer knew about troubles in the... superdash8 Unfair Competition amongst brokers Posted: Tue Jun 19 -- Thankfully karma always has its way of coming around.. As was mentioned before, they probably are only making themselves look bad. I'd... Auds Go to Forums Reader Comments Connecticut Court: Ski Area Not Liable for Skier's Injuries, Paralysis Posted: Wed Jun 20 -- Superb reasoning and a jury to be applauded! reality bites Ex-N.Y. Postal Worker Pleads Guilty to $18K Workers' Comp Scam Posted: Sat Jun 23 -- Another token prosecution to give the appearance, that something is being done. This type of fraud is rampant in the USPS & costs taxpayers... Systemic risk Judge: Parents Of Child With Lung Disease Can Sue Posted: Mon Jun 25 -- This is gonna get me slammed but... did they specifically ask for a test on CF, were told they would get the test, but didn't? Were they... Frankie Study Finds Little Earthquake Risk from Fracking Posted: Tue Jun 19 -- When we're talking about something with so many factors (sustainability, effect on the environment, etc.), it's not as black and white as... Becky Mass. Insurers Pledge to Keep Key Benefits of Federal Healthcare Law Posted: Tue Jun 19 -- As long as consumers have a choice that's fine. If someone wants a plan that doesn't cover adult children or a plan that has a co-pay or... Scott Romoser Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue June 18, 2012 Umbrellas - Personal & Commercial; Construction; Apartment Buildings 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 Management Trainee Business Development Associate Collectibles Licensed Insurance Representative Commercial Producer Have a job opening? List it on our Web site. 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