Daily Headlines: Friday, October 26, 2012

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October 26, 2012 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Businesses Call for Controls on Litigation Funding Firms A business lobby group has called on the U.S. Congress to regulate companies that provide financing for commercial lawsuits, describing the ... Bank of America Employees Could Face Charges in Mortgage Fraud Case Bank of America Corp. employees could face civil fraud charges as part of a federal lawsuit accusing the bank of causing taxpayers more ... Chubb's Q3 Profit Jumps 79%; Commercial Renewal Rates Up 8% The Chubb Corp. reported $533 million net profit for its third quarter, up 78.8 percent from $298 million reported during the same period ... Aon Reports 3% Net Income Growth in Q3 The world's largest insurance broker Aon reported a 3 percent rise in net income for the third quarter to $204 million, including an ... Major Hurricane Sandy --Frankenstorm-- Threatens East Coast Hurricane Sandy swelled into a major threat to much of the U.S. East Coast on Thursday after lashing Cuba with heavy rains and ... Hurricane Sandy Could Cause More Damage Than Irene: Experts As Hurricane Sandy makes its way toward the eastern seaboard of the United States, disaster experts and meteorologists warn that the ... Markets in Motion: Insuring Wineries The wine industry is a large and diverse market, and it just keeps growing. The U.S. is currently the largest wine maker in... More National News East Get Ready for Hurricane Sandy, Regulators Warn New England Residents Vermont insurance regulators are advising New England residents to get ready for Hurricane Sandy, which could hit the U.S. eastern seaboard ... Virginia to Start Licensing, Regulating Public Adjusters in 2013 Virginia regulators announced that beginning January 1, 2013, all individuals and business entities doing business in the state as a public ... NYC Settles Lawsuit in Hot Playground Case New York City has agreed to pay $17,500 to a Brooklyn family of a toddler scorched by playground equipment. The family of Paula Spolar had ... More East News Midwest North Indiana Foundation Receives $150M Gift from Insurance Exec A northern Indiana county's charitable foundation faces a daunting task in figuring out how best to use a $150 million donation from the ... Ohio Reduces Workers' Comp Rate for Local Governments by 5% The Ohio Bureau of Workers' Compensation Board of Directors has approved a proposed reduction in average rates for public employer taxing ... FEMA to Help Replace University of Iowa Buildings After months of lobbying and pressure from Iowa's governor, congressional delegation and others, the federal government said the University ... Lockton's Henson Named ISCEBS - Kansas City 2013 President Sam Henson, JD has been named the 2013 president of the International Society of Certified Employee Benefit Specialists - Kansas City ... More Midwest News Southeast Florida Supreme Court Asked to Settle Smokers' Punitive Damages An appellate court wants the Florida Supreme Court to resolve a question on punitive damages in cases involving sick smokers. A 1st ... Mississippi Jury Rules Helmet Maker Not Liable for High Schooler's Injury A Mississippi jury has decided that helmet-manufacturer Riddell is not responsible for the injury of a George County High School football ... More Southeast News South Central Waco, Texas-Based Agent Named Trusted Choice Hometown Hero The Independent Insurance Agents of Texas (IIAT) has named Wes Bailey, president of Bailey Insurance & Risk Management Inc. in Waco, as its ... Lawsuit Filed in Oklahoma over Scientology-Linked Center Death The mother of a Claremore man found dead last year at an eastern Oklahoma drug rehab center with ties to the Church of Scientology filed a ... ITC Updates Web-Based Insurance Marketing Tracker for Agencies Insurance Technologies Corporation (ITC), based in Carrollton, Texas, announced updates to its web-based audience engagement system, ... More South Central News West Montana Commissioner Orders Man to Pay $168K, Sold Fake Surety Bonds Montana's insurance commissioner has ordered a North Dakota man to pay $168,000 in fines and restitution for selling fake surety bonds for ... New Mexico Court Rules Against Family Given Brain In Bag A family can't bring damage claims in New Mexico against an out-of-state funeral home that placed a relative's brain in a casket with an ... Former Southern California Auto Club Agent Sues Insurer for 'Illegal Practice' A former insurance agent has filed a class action lawsuit in Southern California against Auto Club over what she alleges is an "illegal ... More West News International Hurricane Sandy Leaves 21 Dead in Caribbean Hurricane Sandy pounded the Bahamas with battering winds and rain on Friday, sweeping over the island chain after killing 21 people across ... IMF's Lagarde Urges World Leaders to Act on Unfinished Financial Reforms Unfinished financial reforms are hampering recovery in key parts of the global economy and weighing on economic growth, the head of the ... More International News Sponsored Content Astonish Announces QQ Solutions as a Silver Sponsor for its Fourth Annual eAgent Summit Taking Place This Oct. 28-30 Warwick, Rhode Island, 10/26/12 - Astonish, the leader in insurance digital marketing solutions, is pleased to announce QQ Solutions, Inc., ... Insurance Journal now available on the iPhone - Download it free today! More Sponsored Content Join the Insurance Journal Network Insurance Journal TV No Hard Market Until Economy Improves While many in the industry see a hard or at least firming market, Alan Jay Kaufman is not... Watch Now Insurance M&A Climate Today: Mystic's View There have been some noteworthy mergers, especially among wholesalers. And there are signs... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Fire Extinguisher/Suppression/Ansul svc Contractor - CA Posted: Fri Oct 26 -- Does anyone have a market for a Fire Extinguisher/Suppression/Ansul Service Contractor. The applicant takes on the jobs, but subcontracts... InsureTime Designation Suggestions Posted: Thu Oct 25 -- I think ARM and CPCU are great programs and they can definitely help you become very knowledgable in your technical skills. I have been a... yoyowordup Personal Articles Floater-Midwest Posted: Thu Oct 25 -- Looking for a company to write personal articles with (jewelry, fine arts, etc) that has no minimum premium. I contacted Abacus-they have a... T1IAgent Non-profit Posted: Thu Oct 25 -- Assuming the Property goes with the GL, I would also recommend EPLI and what about abuse and molestation? Is the A and M covered under the... Shagster1261 Do I need to schedule fine arts? Posted: Wed Oct 24 -- I don't recall your inquiry asking anything about perils. Scheduling fine arts has nothing to do with perils. Depending on the product, fine... darnovak Motor Cycle dealer WC (CA) Posted: Wed Oct 24 -- Maybe next year, i can swear RIC said no !!! JAM Agency Management System Posted: Wed Oct 24 -- Any opinions on QQ catalyst? We are a newer agency that will be purchasing our first management system. I have used Eclipse and the other... marcwsu How to market for me? Posted: Mon Oct 22 -- What are "structural difficulties" and "group benefits mandate"? yoyowordup Go to Forums Reader Comments Wisconsin Workplace Shooting Brings Call for New Law on Guns Posted: Wed Oct 24 -- He ignored the restraining order and the laws associated with it - what makes anyone believe that additional legislation will prevent or... An American Hamster Corralled After Oregon Driver Arrested For DUI Posted: Fri Oct 19 -- Was the woman with the hamster driving a Kia Soul? Viking Tax Penalty to Hit 6 Million Who Don't Buy Health Insurance by 2016 Posted: Fri Oct 19 -- Libby, Can you cite one country that the Muslims have been allowed to immigrate to where they accept the laws of that country and not try to... Agent Penn. Woman Arrested for Allegedly Adding Coverage While in Ambulance Posted: Tue Oct 23 -- Jeff, I am surprised the attorney didn't call you to tell you he was suing you for cancelling his coverage without his permission. You... Agent Car and Deer Collisions Cause 200 Deaths, Cost $4 Billion a Year Posted: Wed Oct 24 -- Another issue that the author fails to mention is the ever expanding deer population due to a lack of predators, either natural or human. Bob Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue October 22, 2012 Top Commercial Lines Agencies; Law Firm Directory; Commercial Property; Insurance Geek Issue - What's New in Technology? 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 Experienced Commercial Auto and GL Sales/Processing Rep Customer Service Representative Life Insurance Agent Trucking Insurance Producer/Sales Have a job opening? List it on our Web site. 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