Daily Headlines: Thursday, July 19, 2012

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July 19, 2012 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Allstate Reports Catastrophe Losses for Q2 of $820 Million The nation's largest publicly-held personal lines insurer, Allstate Corp., announced estimated catastrophe losses of $820 million, ... RRGs Financially Stable Despite Q1 Underwriting Losses: Demotech First quarter 2012 reported financial information indicates risk retention groups continue to exhibit financial stability. RRGs reported a ... Travelers Insurance Reports Q2 Profit Despite Disaster Losses Travelers Cos Inc. reported a second-quarter profit on Thursday but missed Wall Street expectations, as the insurer's catastrophe losses ... Senate Panel Approves Russia Trade, Human Rights Bill The Senate Finance Committee on Wednesday unanimously approved a bill to ensure U.S. exporters share in the benefits of Russia's accession ... NBIS Offers Launches Program for Energy Service Contractors NBIS has developed an energy program for contractors servicing the oil & gas industry. The risk appetite is concentrated on insureds ... Progressive Expands Commercial Auto Offerings, Introduces New Coverage Progressive Insurance has expanded its commercial auto product with updated offerings and programs. The latest commercial package brings ... XL Introduces New Subcontractor Performance Risk Mitigation Programs The North America Construction insurance unit of XL Group plc has created two new subcontractor prequalification programs, through ... Congress Looking to Rein In ‘Patent Trolls’ A relatively obscure government agency at the center of a high stakes battle between the companies that make smartphones - Apple, Samsung ... Worldwide Uncertainty Highlights Value of Political Risk, Trade Credit Insurance Interest in political risk and trade credit insurance is the highest it's been since after 9/11, according to underwriters, and it's coming... More National News East Connecticut Insurance Regulators Recovered $2.4M for Consumers in Q2 Connecticut Insurance Commissioner Thomas Leonardi announced Thursday that the insurance department recovered $2.4 million for ... New Hampshire Communities Start Cleaning Up After Tuesday’s Storm Some New Hampshire communities are cleaning up after a fast-moving thunderstorm downed trees and power lines. One of the harder-hit towns ... Upstate N.Y. Power Outages Remain After Thunderstorm More than 2,000 National Grid customers in northern New York remain without power after a severe thunderstorm knocked down trees and ... AIG Executive Joins Allied World’s Excess Casualty Unit in New York Allied World U.S., part of Switzerland-headquartered Allied World Assurance Company Holdings AG, has appointed Kevin Maloney as vice ... Va. Boy Sets Up Lemonade Stand to Help Pay Neighbor’s $500 Deductible An 8-year-old Springfield boy who set up a lemonade stand to help his neighbors rebuild their home after it was damaged by a recent storm ... More East News Midwest No Relief in Sight for Drought-Damaged Crops Midday weather updates on Wednesday indicate more hot, dry weather for the U.S. Midwest, where corn and soybean crops are rapidly ... Official: 250 Iowa Jobs Lost After Peregrine Financial Collapse A state official says that up to 250 employees in northeastern Iowa lost their jobs following the collapse of a financial empire owned by a ... North Dakota Insurance Commissioner Bars Fargo Agency North Dakota's insurance commissioner says he's served a cease-and-desist order on a Fargo-area insurance agent accused of failing to pay ... Missouri at Highest Risk for Fires from Drought The drought has spread across much of the country, creating extreme fire risks. But no place is more at risk than Missouri. The National ... More Midwest News Southeast West Virginia High Court to Decide Mine Inspectors’ Liability for Deaths A federal appeals court said this week that the state Supreme Court should decide whether Mine Safety and Health Administration inspectors ... Senator Graham Tells South Carolinians to Prepare for Cyber Attacks South Carolinians have dealt with the aftermath of war, earthquake and hurricanes and U.S. Sen. Lindsey Graham said this week the state now ... Keystone Adds 3 Agency Partners in Georgia More Southeast News South Central NAMIC Names Martin State Affairs Manager for Southwest Region The National Association of Mutual Insurance Companies (NAMIC) announced recently the appointment of Paul T. Martin as state affairs ... CoVerica Acquires Assets of Dallas-Based Unimark Insurance Dallas-based insurance agency, CoVerica Inc., has acquired the property and casualty insurance assets of Unimark Insurance, also located in ... Police: Naked Man Crashes Through Texas Mall Police say a naked man crashed a pickup truck into a Dallas mall, then drove over a few kiosks before stopping to try on clothes. Dallas ... More South Central News West Sams & Associates Names Gelon in Arizona Sacramento, Calif.-based insurance adjuster Sams & Associates Inc. named Marcia Gelon as the firm's new general adjuster in Phoenix, ... Montana Agent Pleads Guilty To Stealing Premiums An insurance agent from Butte, Mont. who pleaded guilty to stealing more than $7,200 of his client's premiums has been given a three-year ... Otter Hires Firm To Study Medicaid Expansion in Idaho Gov. C. L. "Butch'' Otter has hired a consulting firm run by former Utah Gov. Mike Leavitt to help decide whether to expand Medicaid to ... Air Company Blames Controllers For Montana Crash A federal judge in Utah is asking the Montana Supreme Court to help decide if an air ambulance company can blame air traffic controllers ... RMIS Going National Fullerton, Calif.-based RMIS is taking their 34-year-old managing general agency national beginning July. Leading this endeavor will be Jay ... Jones Names New Public Advisor To Would be Intervenors California Insurance Commissioner Dave Jones has named a new public advisor to assist members of the public and consumer groups with the ... Lockton Adds Gall in its San Jose Tech Practice Barbara Gall joined Kansas City, Mo.-based Lockton as senior vice president of its technology practice in the firm's San Jose, Calif. ... Whitfield's United Insurance Agencies Join the Leavitt Group Everett, Wash.-based Whitfield United Insurance Agencies Inc. has joined The Leavitt Group. The agency will now do business as ... More West News International World Bank Head Warns No Region Immune to Europe Debt Crisis World Bank President Jim Yong Kim on Wednesday warned that most regions of the world will be hurt by the debt crisis enveloping the euro ... UK Insurers Paying $26.6 Million a Day for June Floods ABI Reports Insurers are set to pay up to £500 million [$782.3 million] or £17 million [$26.6 million] every day - to customers who have suffered ... Russia Backs WTO Entry; U.S. Friction Persists Russia's upper house of parliament voted on Wednesday to ratify entry into the World Trade Organization, and now only the signature of ... Ratings Recap: CIBC Re, ACS (NZ) Ltd, CCR (Algeria) A.M. Best Co. has affirmed the financial strength rating of 'A' (Excellent) and issuer credit rating of "a+" of Barbados-based CIBC ... More International News Sponsored Content Astonish Announces Software Upgrades Warwick, RI, 07/19/12 - Astonish, a Digital Marketing Company catering to Local Insurance Agencies, Financial Services and Group Benefit ... More Sponsored Content Insurance Journal Blogs Burand’s Agency E&O Blog: Tip# 7 Voice mail disclaimers. Most agencies today have standard voice mail disclaimers that state something to the effect of, "No coverage can ... More Blogs Join the Insurance Journal Network Insurance Journal TV Agency Capitalizes on Obamacare Shawn Pynes, principal with Barney & Barney, discusses the benefits business following... Watch Now LexisNexis Insurance Exchange Celebrates One-Year Anniversary The LexisNexis Insurance Exchange – an online single-entry submission system that... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums AMS360 for accounting? Posted: Thu Jul 19 -- Just to be sure: is this the "AB Income" amount given by the Income and Expense Report? Also, how do we determine which of these... insstudent work comp carriers for nursing home Posted: Thu Jul 19 -- What carriers in the market cover nursing homes? I have a client that has nursing home/rehab center/assisted living facilities in a couple... consult1 carriers for multistate trucking/warehousing work comp Posted: Thu Jul 19 -- What carriers in the market cover multistate trucking/warehousing work comp? The company does long haul and local trucking, warehousing, and... consult1 Agent no legal duty to inform on cancellations? Posted: Wed Jul 18 -- This being the case, I believe, on personal lines auto and homeowners, 80-90% of all commissions should be fully earned at inception except... mhutch69 Personal Lines - Renewal Letters? E&O Prevention Posted: Wed Jul 18 -- I'm just curious about what other agencies do when protecting themselves from E&O situations arising from insureds who all of the sudden... Smalltownagent Comp in Ca Posted: Wed Jul 18 -- In this hardening market, I think your only option may be State Fund. Even if he had prior experience, I think that State Fund would be the... justthere Commercial Auto Coverage for Golf Carts Florida Posted: Wed Jul 18 -- Wouldnt it be like a taxi service? LadyBroker Insurance Noodle vs. Superior Access vs. Agent Secure Posted: Wed Jul 18 -- I have used noodle and Agent secure. Agent secure is better, I like their rater and the fact that you can play around with coverage and re... JAM Track Your CSR's Daily Sales Activity Posted: Tue Jul 17 -- If the csr is doing their job they will not have time to write down ever phone call. COMMCOV Go to Forums Reader Comments CEO Group Warns Washington to Avoid Impending 'Fiscal Cliff' Politics Posted: Tue Jul 17 -- One basic problem is that liberals and the other deadbeats who follow the current administration believe that the rest of us should do... Sargent Major Casino Waitresses in Pennsylvania Sue Over Maternity Policy Posted: Tue Jul 17 -- Was this policy in force when the waitresses accepted their positions? If so, then too bad for them. The casino still tried to keep them... Reverend Haywood Judumee GM's OnStar Car Owners Now Able to Rent Out Their Vehicles Posted: Tue Jul 17 -- Well you just voided the personal auto polciy coverage. Nice job GM. bill ford Arkansas Rice Farmers Sue Texas Company Over Hybrid Rice Posted: Wed Jul 18 -- "Many farmers sought hybrid seed after non-hybrid rice was contaminated with a genetically-modified strain starting in 2006. The... ExciteBiker Theme Park Sued For Barring Amputees From Coaster Posted: Fri Jul 13 -- The park has a 17 page ADA pamphlet on its website, I would imagine the govt requires theme parks to have such pamphlets as well as signs... sgal Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue July 2, 2012 Agency Management Systems / Insurance Exchanges; Commercial Auto; Digital Product Guide 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 Commercial Producers Territory Marketing Manager P/C Insurance Editor Producer Have a job opening? List it on our Web site. 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