Monday, July 30, 2012

Daily Headlines: Monday, July 30, 2012

Sponsored by: ACE Group. The Risks and Rewards of Social Media. What businesses should know before posting, tweeting and uploading. Click here for more information Click here for more information.
Insurance Journal Daily Headlines
July 30, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

A Decade Later: Is Sarbanes-Oxley Working? – Analysis

When Peregrine Financial collapsed earlier this month, a nagging question resurfaced. As in the implosion of Lehman Brothers, the fall of ...

HSBC Sets Aside $2 Billion for U.S. Investigation, Mis-selling

HSBC's chief executive apologized on Monday for shameful and embarrassing mistakes made on anti-money laundering controls as the bank set ...

Aon’s Q2 Earnings Report: Revenue Growth; Net Income Drop

Aon announced mixed results in its second quarter earnings report. While "organic revenue growth" rose 4 percent, contributing to a $2.8 ...

Best Affirms Liberty Mutual Holding Co. and Subs Ratings

 A.M. Best Co. has affirmed the financial strength ratings (FSR) of 'A' (Excellent) and issuer credit ratings (ICR) of "a" for the ...

Zurich in North America Increases Trade Credit Insurance Capacity

Zurich in North America has increased its trade credit insurance capacity to meet the needs of customers across the globe. For customers in ...

Violent Storms Kill 2, Leave Thousands Without Power in Mid-Atlantic, Midwest

Violent thunderstorms barreled through the Ohio Valley and mid-Atlantic regions of the eastern United States late on Thursday, killing two ...

Obama Administration Says Federal Health Exchanges on Track for 2014

The Obama administration on Friday said it is on track to set up federal health insurance exchanges by 2014 in U.S. states that fail to ...

From MyNewMarkets.com Marsh Product Covers Business Interruption Created by Cloud Providers

Many businesses are now utilizing third party companies, also known as cloud providers, for information technology services or storing and...
Producer Development and Coaching starts next week, exclusively from Insurance Journal's Academy of Insurance - Reserve Your Spot Today
East

AIG Launches PR Push on YouTube to Repair Image

AIG is launching a public relations campaign to repair its reputation. Last Thursday, the once-mighty insurance giant American ...

Penn State President: School Is ‘Adequately Covered’ for Lawsuits

Penn State is adequately covered to handle lawsuits stemming from the sexual abuse scandal that has enveloped the campus, its president ...

President Obama Declares Disaster for Virginia Storm Damage

President Barack Obama has declared a disaster in Virginia after severe weather and strong winds lashed the state a few weeks ago. The ...

Penn.-Based Erie Indemnity Co. Appoints New Chief Information Officer

Erie, Penn.-based Erie Indemnity Company has appointed Robert C. Ingram III as executive vice president and chief information officer ...
Join us online Wednesday August 1 for a LIVE webcast, Develop Program Business Within Your Agency - hosted by Insurance Journal's Academy of Insurance - Reserve Your Spot Today
Midwest

Texting Driver in South Dakota Charged with Manslaughter

A man accused of fatally injuring a motorcyclist while he was speeding and texting is facing manslaughter charges in a case that could fuel ...

Ohio Injured Workers Fund Battling Painkillers

Nearly a third of the prescriptions the state's insurance fund for injured workers paid for last year were for powerful narcotics, part of ...

Missouri County Denied Compensation for Flood Damage

A southeast Missouri county has been told it won't be getting any money for damage caused by the activation of the Birds Point-New Madrid ...

Babiak Takes Over as President, CEO of Hastings Mutual Insurance

Hastings Mutual Insurance Co., a regional property/casualty insurance carrier based in Hastings, Mich., has welcomed new President, CEO, ...
Sponsored by: Insurance Journal. Insurance Journal's Satire Issue is Back for More! Click Here to Submit Your Jokes and Anecdotes.
Southeast

Alabama Bans Texting While Driving Aug. 1

Starting Wednesday, texting, emailing and instant messaging while driving will become illegal in Alabama, with violators facing fines and ...

Kentucky County Still Tackling the Effects of Storms From 2009-2010

A southern Kentucky county is still tackling the effects of and cleaning up from two major storms in recent years. Warren County officials ...

North Carolina Woman Arrested for Alleged Insurance Fraud

North Carolina insurance department announced last week the arrest of Debra Gail Hodges, 41, of 5009 Inverness Drive, Fayetteville; she is ...
South Central

Fourth Man Pleads Guilty in Texas-Based Tour Boat Coverage Scam

Prosecutors say a fourth man has pleaded guilty in a Texas-based insurance scam linked to a deadly New York tour boat accident. ...

Private Claims Firm Saves Louisiana's Risk Management Agency $1.4M

A private company based in Mandeville contracted to run much of the claims processing and management handled by Louisiana's Office of Risk ...

Fines, Penalties, Back Wages Add Up for Louisiana Seafood Company

A Louisiana seafood company is facing nearly $250,000 in fines, penalties and back wages for exposing workers to hazards and underpaying ...
West

Nevada Patrol Issues 4,500 Tickets To Nevada Cellphone Users

he Nevada Highway Patrol has issued more than 4,500 citations to drivers using cellphones this year under a new state law. The Elko Daily ...

Former Idaho Undersheriff Files Discrimination Lawsuit

A former undersheriff in Twin Falls County, Idaho has filed a lawsuit in federal court claiming she suffered gender discrimination during ...

2 Calif. Men Arrested In Insurance Fraud Scam

Authorities say two California men were arrested this week on suspicion of running an insurance fraud scam that bilked multiple companies ...

Guyll Named Vice President at Conover

Dave Guyll,vice president in the employee benefits division of Conover Insurance, was recently selected to the Roll of Agents & Brokers ...

Island Names Tanigawa Advertising and Media Director

Island Insurance Company Ltd. named Alison Tanigawa advertising and media director. In this newly created position, Tanigawa will be ...

Poms Adds Managing Director and Senior Account Manager

Walnut Creek, Calif.-based Poms & Associates Insurance Brokers Inc. named Emil McCulloch managing director and Karen Williamson-Gracey ...
Sponsored by: Brokers Insurance Group. Banner Fair. When: 12 Sep 2012. 9:00 AM - 5:00 PM. Location: Doubletree Hotel, 2050 Gateway Place. San Jose, California 95110. Click here for more information.
International

Hiscox Post $197.5 Million 1st Half Profit; Childs to Become Chairman in 2013

Bermuda-domiciled Hiscox reported its interim results for the 1st half of 2012. The following are selected highlights from the report, as ...

Ratings Recap: Continental Re, Gulf Re

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of 'B+' (Good) and issuer credit rating of ...
Join us online Thursday August 8 for a LIVE webcast, Errors & Omissions: What's Actually Being Covered? - hosted by Insurance Journal's Academy of Insurance - Reserve Your Spot Today

Join the Insurance Journal Network

Twitter Facebook LinkedIn


Insurance Journal TV

Video thumbnail

New PURE Program Provides Extra Flooding Services for High-Value Homeowners

A new flood coverage suite from Privilege Underwriters Reciprocal Exchange, or PURE, now...
Video thumbnail

Agency Capitalizes on Obamacare

Shawn Pynes, principal with Barney & Barney, discusses the benefits business following...

TV icon Watch more videos at InsuranceJournal.tv

New Discussions in the Forums

What is Black hat Tech... ?.
Posted: Mon Jul 30 -- Hello everyone, My name is Brian White new entered member to this forum, excited about seo. If anyone knows Black Hat Technique please send... brianwhite159
D&O for Non Profit
Posted: Mon Jul 30 -- Do they have a website I can look at? I would have to see a submission to see exactly what their mission is .... Please forward a submission... ceccase
AMS360 for accounting?
Posted: Mon Jul 30 -- I found these two insurance journal articles to explain a lot about how accounting should function. Then maybe consider which systems can... Riskmaster
Insurance Pro AMS - Any experience?
Posted: Sat Jul 28 -- Just like many before me, I'm in the process of evaluating all the AMS systems on the market to use in an P&C independent agency. I've read... Modern Maven
Track Your CSR's Daily Sales Activity
Posted: Sat Jul 28 -- There's a win-win solution that will most importantly give you and your producers a tool to be more productive (close more policies) while... Modern Maven
CPCU ??
Posted: Sat Jul 28 -- Hi. I have earned my FLMI designation from LOMA in May 2012. I have 5 + years experience in Life/Health Insurance industry in the Middle... rawaljaved
National Agents Alliance? Legit or Keep Away?
Posted: Sat Jul 28 -- Intersting post! I'm glad I'd found some infomation on this company. I am in an networking company that sells life insurance too and I... tommy223
Direct mail
Posted: Sat Jul 28 -- Charlie, FAxing does work, But how do you avoid getting sued for faxing? JAM

Reader Comments

Ex-School Nurse in Texas Gets 10 Years for Fire
Posted: Mon Jul 23 -- I'm betting her next evaluation will include something like "Doesn't accept constructive criticism very well" Markey
Former Citigroup Chief Weill Surprises with Call for Break-Up of Big Banks
Posted: Thu Jul 26 -- It really is pretty simple TM. These big boys knew the sentiment would be they were too big to fail and the government would come to their... Agent
$31M Jury Award For Unsafe Calif. Highway
Posted: Mon Jul 23 -- The title of this article is a bit misleading. The jury found CalTrans 15% liable and placed 85% liability on the driver who made the left... Lisa
California Court Reinstates Lawsuit Against Glock
Posted: Fri Jul 27 -- Here's a basic formula for all gun owners to memorize: guns + kids = tragedy Ins Guy
Tennessee Court Says Killer Can Keep Insurance Money
Posted: Mon Jul 23 -- For goodness sakes! She was eleven years old when it happened and only 14 when she settled....where are child protective services???... NCS

Current Issue

July 23, 2012
Current Issue
Excess, Surplus & Specialty Markets Directory Vol. II

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 Media Group, Inc.

No comments:

Post a Comment