Daily Headlines: Tuesday, August 30, 2011

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August 30, 2011 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Irene Blamed for 38 Deaths; $20 Billion Economic Loss; Worst Flooding in Decades New Jersey and Vermont struggled with their worst flooding in decades Monday, a day after Hurricane Irene slammed an already soaked U.S. ... S&P Sees Limited Impact on Insurers from Irene Standard & Poor's Ratings Services said it expects a somewhat limited impact from Hurricane Irene on U.S. property/casualty insurers ... Moody’s Sees Stable Outlook for Personal Lines Insurers The personal lines insurance sector maintains a stable outlook in the face of a highly competitive environment, 2011 catastrophe losses and ... With FEMA Running Low on Funds, Irene Revives Budget Battle Washington's never-ending budget battle threatened to snarl the recovery from Hurricane Irene as a top Republican said Monday that any ... Irene Insured Losses in U.S. at $3-$6 Billion; P/C Pricing Unlikely to Turn Hurricane Irene caused $3 billion to $6 billion in insured losses, catastrophe modeling company AIR Worldwide said Monday, affirming the ... Hurricanes May Be Catalyst for Insurance Rate Increases Hurricane Irene, the first hurricane to hit the United States in three years, could be the catalyst the insurance industry has been seeking... More National News Webinar: The Top 5 Mistakes Made When Hiring Producers new from Insurance Journal's Academy of Insurance This webinar identifies ways to correct the most common mistakes agencies make when hiring sales executives. Tomorrow! Click Here to Register East Vermont Flooding from Irene Take Its Toll: 3 Lives; Homes, Businesses Destroyed Vermont residents surveyed washed out roads, swept-away bridges and destroyed homes and businesses Monday after a weakened Hurricane Irene ... MSO Introduces Personal Umbrella Program in N.Y. MSO, Inc.'s (The Mutual Service Office, Inc.) personal umbrella program has been approved in New York. The MSO homeowners program was ... More East News Midwest North Dakota Insurance Agent Pleads Guilty to Wire Fraud A former insurance agent in North Dakota on Aug. 24 pled guilty to wire fraud, according to the U.S. Attorney's Office for North Dakota. ... Farmers Say Crop Insurance Critical to Kansas Agriculture Kansas farmers and rural leaders told the U.S. Senate committee drafting the new Farm Bill that the federal crop insurance program is ... More Midwest News Southeast Florida Targets Check Cashing Firms for Aiding Workers’ Comp Fraud Florida officials, law enforcement officers and trade groups are lining up in an effort to stop checking cashing companies from ... North Carolina’s Hickory Point: Small Towns, Big Floods For Mavis Powers, a lifetime of work and keepsakes were washed away when Hurricane Irene drove a 13-foot storm surge up Muddy Creek and ... West Virginia Jury Awards $7 Million in Electric Plant Explosion Death A West Virginia jury has awarded $7 million in damages to the family of a worker killed in a 2007 explosion at an American Electric Power ... Tobacco, Poultry Among North Carolina Farm Losses from Irene North Carolina farmers felt the financial weight of Hurricane Irene's winds and heavy rains Sunday as inspections following the storm ... Main Street Group Promotes 3 Officers The Main Street America Group has promoted three officers. The Jacksonville, Florida-based company has tapped Steve Peeters to serve as the ... More Southeast News South Central Texas Supreme Court: Bad Faith Claim Inconsistent with Worker's Comp The Texas Supreme Court has concluded that while bad faith claims against workers' compensation carriers are not permissible under the ... Arkansas Outlines 'Home State' Rules for Nonadmitted Insurance Arkansas has issued guidance for insurance companies and brokers on premium tax payments for nonadmitted, or excess and surplus, insurance. ... More South Central News West Lawyers Claim Montana Workers’ Compensation Investigators Violate Privacy Two Billings attorneys are asking the Montana Supreme Court to stop workers' compensation investigators from practices that they say ... Oregon Wildfires Threaten Homes Weather conditions improved for firefighters trying to contain a 45,000-acre grass fire in central Oregon, after red flag warnings expired. ... More West News International Tropical Storm Katia Forms in Eastern Atlantic The Miami-based National Hurricane Center is currently tracking Tropical Storm Katia, which formed earlier today out of tropical depression ... Typhoon Nanmadol Departs Taiwan, Heads for China Typhoon Nanmadol headed to southeastern China on Monday after dumping more than 20 inches (half a meter) of rain in southern Taiwan, where ... Swiss Re Analyzes Effects of Economic Crisis on Nordic Insurance Market Swiss Re, as host of its Nordic Risk & Insurance Summit (NORIS™) conference, warned that the "economic environment in the wake of the ... Travelers Promotes Lloyd’s Syndicate 5000 Underwriters Travelers announced a series of promotions within Travelers Syndicate Management Ltd. (Syndicate 5000), the company's Lloyd's ... Ratings Roundup: MS Frontier, Abu Dhabi National A.M. Best Co. has affirmed the financial strength rating of 'A' (Excellent) and issuer credit rating of "a+" of Bermuda-based MS ... More International News Join the Insurance Journal Network Insurance Journal TV What's in a Name? Unitrin CEO Southwell Says A Lot A legendary insurance company name is back in the headlines. Unitrin Inc. has taken the Kemper... Watch Now Brokering the Hot Cyber Liability Market With data breaches in the news, cyber liability insurance is gaining recognition. The market... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Book recommendation for starting an agency? Posted: Tue Aug 30 -- In addition to reaching out to different agency owners for advice/counsel/mentoring, etc., you may wish to look at the publications offered... Rainmaker Preparing for the New York State brokers' license exam Posted: Mon Aug 29 -- Can anyone please recommend study material to use in preparing for the second exam for the NY State licensing requirement for insurance... John J90 CIBA Insurance purchasing group...Help Posted: Sat Aug 27 -- While I am hoping Hurricane Irene doesn't cause significant damage to the east coast, I am curious to see what will happen if some of these... HOA Expert GMAC AUTO IN CA Posted: Sat Aug 27 -- Had them for 2 years before I switched to GEICO. Very good customer service and very easy for claims. Thing is their prices are jacked up. I... London946 Why Would an Agency Retain Trust Account Service? Posted: Fri Aug 26 -- Is anyone aware of a resource that provides a listing of the States that need a Premium Trust account for agents? Thank you for your... Needtoknow Go to Forums Reader Comments Alabama Funeral Home to Pay $1 Million for Body Mixup Posted: Tue Aug 23 -- this sounds excessive for a innocent mistake. so the families can get rich and don't have to work just because of a simple mistake. agree,... wudchuck Insurer Sued for Refusal to Hire North Carolina Man in Drug Program Posted: Tue Aug 23 -- So, we're not free to hire or not hire whomever we wish in this country. Ergo, we're not free. Time to change the Star Spangled Banner... Bill Two Brothers Face Trial for Murder-for-hire Insurance Fraud Scheme Posted: Wed Aug 24 -- This is so despicable.. and by a pastor no less. If you can't even trust your pastor... what has the world come to? Kathy California Surfboard Maker Faces Product Liability Claim Posted: Mon Aug 29 -- Anyone in action sports will be injured at one time or another. It's part of the game. What surfer hasn't been cut by his fin or hit in the... OC agent Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue The Insurance Journal Satire Issue! News that never happened. Features you won't forget. Plus reader submissions, fake statistics, made-up mergers and lots more. 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 Claims Adjuster Sales/Marketing Rep MS Marketing Rep Have a job opening? List it on our Web site. 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