Daily Headlines: Friday, October 21, 2011

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October 21, 2011 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Officials Say Bipartisan Deal on Cybersecurity Possible Senior Obama administration officials and a bipartisan group of U.S. senators agreed on Wednesday to push for cybersecurity legislation as ... AIG Fraud Suit Against Bank of America Won't Be Moved to State Court A federal judge rejected American International Group Inc.'s request to move its $10 billion mortgage fraud lawsuit against Bank of America ... Chubb Profit Falls in Q3 The Chubb Corp. reported that net income in the third quarter of 2011 was $298 million compared to $572 million in the third quarter of ... Last Chance to Participate in IJ's Agency E&O Survey Don't miss your chance to find out what's been going on with insurance agents' errors and omissions (E&O) insurance. The deadline ... Breckenridge Insurance Names Hildebrand, Eichhorn to Key Posts Breckenridge Insurance Group realigned its property/casualty insurance operations naming William A. Hildebrand as president and CEO of ... Summit Business Media Looking for New CEO Summit Business Media, which publishes The National Underwriter and other financial publications and web sites, today announced that Andrew ... Arch Launches New Stand-Alone EPL Product Arch Insurance Group, a subsidiary of Arch Capital Group Ltd., has launched Arch Essential EPL, a new stand-alone employment practices ... Predictive Modeling Enters Mainstream with ISO, Willis Re Marketing Relationship While most insurance companies believe that predictive modeling can be an effective and accurate way to rate their insureds, they may not be... More National News East D.C. Regulators Say Social Networking Fraud Is A Growing Threat The Washington, D.C., Department of Insurance, Securities and Banking is advising consumers to be mindful of con artists who lurk in the ... Pennsylvania Agent Accused of Stealing $255K From Clients A Berks County, Pennsylvania, resident has been charged with theft of more than $255,000 in insurance premiums from clients. The charges ... New York-based RMI Hires Borget as Consultant Risk management provider RMI Consulting appointed Christopher Borget as management liability consultant. In his role, Borget will work with ... More East News Midwest Willis North America Appoints Liss Midwest National Partner Willis North America, a unit of global insurance broker Willis Group Holdings, has appointed Michael Liss as national partner of its ... Merkel Appointed Regional Chief Underwriting Officer at Zurich North America Zurich announced the appointment of Mary Merkel as regional chief underwriting officer for Zurich in North America, effective immediately. ... Meeks Insurance Joins ISU Network Meeks Insurance of Vincennes, Ind., has joined the ISU Network. The agency was established in 2002 and is owned by Brent and Beth ... More Midwest News Southeast Alfa Insurance Ties Homeowners Coverage to Auto in Alabama Alabama residents who have their homeowners insurance through the state's second largest property insurer must now include their auto ... Georgia Court to Weigh Alligator Claim Against Homeowners Association A divided Georgia Supreme Court has decided to hear arguments in a case involving a woman found dead in a lagoon that was home to an ... Carbone Joins Florida's Kuykendall Gardner Florida insurance broker Kuykendall Gardner has tapped Nicholas Carbone to serve as a vice president of transactional risk. In this role, ... More Southeast News South Central Louisiana's Sen. Landrieu Announces $33.9M for Hurricane Katrina Recovery U.S. Sen. Mary L. Landrieu, D-La., has announced more than $33.9 million in grants from the U.S. Department of Homeland Security's ... Reiner Named Underwriting VP at America First Insurance Texas-based America First Insurance, a Liberty Mutual Agency Corp. regional company, has named Tiffany Reiner vice president, underwriting. ... $1M in Damage Done in Arkansas Storage Fire North Little Rock, Ark., fire officials say a weekend fire at a storage unit facility has caused $1 million in damage to recreational ... More South Central News West Fitch Affirms California Earthquake Authority's 'A' Ratings Fitch Ratings has affirmed the "A" rating on California Earthquake Authority's outstanding fixed-rate revenue bonds, which mature on July ... Align Taps Former Berkshire Hathaway Homestate Cos. President Align General Insurance Agency Inc. has named Rod Eldred senior vice president. Eldred will lead the company's new workers' compensation ... XL Establishes Rocky Mountain Presence with Denver Appointments The insurance segment of Dublin, Ireland-based XL Group plc  (NYSE: XL) has expanded its North America property and casualty team in the ... More West News International Big Business, Investors Urge Tough Climate Action U.N. climate talks in South Africa next month must make meaningful progress or governments "risk permanent damage to their credibility", a ... Germany Rebuffs France on Euro Zone Solution; Insurance for Bonds an Option France's push to use more European Central Bank money to fight the euro zone debt crisis ran into strong resistance from Germany and other ... Bangkok Braces for Floods; Deaths, Economic Toll Rise Thailand battled to protect the capital Bangkok from being swamped by water on Friday, with canals full to the brim after devastating ... Cell Phones Don't Hike Cancer Risk: Danish Study Mobile phones do not increase the risk of cancer, according to a large study involving more than 350,000 people by Danish researchers ... Lloyd's Insurer Omega Backs Haverford Offer Insurance entrepreneur Mark Byrne pulled ahead in the race to buy Lloyd's of London insurer Omega after Omega and its top shareholder ... More International News Join the Insurance Journal Network Insurance Journal TV Intermediary Value The prolonged soft market and tough competition in the property/casualty insurance industry... Watch Now FERMA Growth Assured as Den Dekker Steps Down Peter den Dekker's tenure as president of the Federation of European Risk Management... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Business Income - Rental Income Posted: Fri Oct 21 -- Yes, here in Mumbai & Delhi make lots of profits with the Business rental income. This is one of the safest way of investing. The rental are... classicincome Combinability of Interest Posted: Thu Oct 20 -- When there is common ownership despite the % in entities that are SPE, and LLC's for single project, they can be combined under one policy -... shellilk Android Applications/Insurance Related Posted: Thu Oct 20 -- I am looking for Android Applications that apply to task we perform as Insurance Brokers. Share the top 1 or 2 applications you are using... Santa Rosa Ins Broker Can you get different rates for same insurer? Posted: Thu Oct 20 -- Thanks for the responses. It's been very informative. I will probably go with a franchise or try to buy a small, existing book of business.... Detroitgirl Salary- CPCU Posted: Thu Oct 20 -- In my career, the CPCU designation has served me well both as an underwriter and now as a broker. It is an excellent door opener to get... mszleszinski Starting an Agency is more viable option than an Acquisition Posted: Wed Oct 19 -- Agreed. Find an alliance like this in your area. This alliance is unique because... golongd Should I get Cal. Low Cost Auto Ins. in our office? Posted: Wed Oct 19 -- Roy, It looks like we are all in agreement here. I agree - too many headaches. A ton of paperwork and most of the time, the clients that are... SFOInsuranceLady Book recommendation for starting an agency? Posted: Tue Oct 18 -- The Accreditted Advisor in Insurance (AAI) designation material may be of some value. It is put out by the Insurance Institute of America.... jtownagent In search of separate Umbrella for standard carrier policies Posted: Mon Oct 17 -- We write stand-alone Personal Umbrellas policies with several different carriers in California. Give us a call or check us out online, we'd... ParteeIns Go to Forums Reader Comments Massachusetts Jury Returns $20M Verdict in Pool Slide Suit Posted: Tue Oct 18 -- There are two idiots in this post. The MA jury and the decedant. This award is unconscionable. What adult woman with an ounce of common... Jester Top 10 Excuses From Drivers Caught Using Phones Posted: Fri Oct 14 -- These people should be cited for stupidity. Jester Widow Sues Tennessee Veterans Hospital Over Husband's Suicide Posted: Fri Oct 14 -- I am so sorry to read about what happened to Scott Eiswert and now to his family. I know a lot of veterans who have received shabby care... Waterbug Obama Pulls Plug on Long-Term Care Plan in Healthcare Law Posted: Mon Oct 17 -- How may times can a man look up, before he sees the sky? Yanti Parazzi Treasury Seeks Comments on Improving Insurance Regulation Posted: Tue Oct 18 -- How about do nothing, leave insurance regulation to the states (which do a good job), not create new, unnecessary bureaucracy, and do a... 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