Daily Headlines: Monday, October 24, 2011

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October 24, 2011 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Home Insurance Rates Do Not Reflect Cost of Risk: Aon Benfield U.S. insurers' prospective after-tax return on equity for homeowners' insurance is 4.8 percent on average, a decrease from the 6.9 ... Safety Crackdown Not Harming Mining Industry: Official The federal Mine Safety and Health Administration's continuing crackdown on the coal industry hasn't deterred the industry's growth, ... AIR Updates Terrorism Insurance Model for U.S. Catastrophe risk modeling firm AIR Worldwide (AIR) has updated its terrorism model for the United States to reflect less frequent and ... IronHealth Launches New Program to Address Medicare Reporting Requirements IronHealth, the specialty healthcare unit of Ironshore Inc., has introduced an insurance program to address the institutional risk exposure ... Workers' Compensation Market Outlook Still Grim: A.M. Best The U.S. workers' compensation insurance segment continued to face competitive pricing, further rate decreases, weak macroeconomic factors,... More National News East Penn. Court Strikes Down Workers’ Comp Exclusion in UIM Policy Pennsylvania Supreme Court stuck down an exclusion in an employer's underinsured motorist policy. The policy from Penn PRIME had excluded ... 5 More Massachusetts Counties Get Irene Disaster Aid Gov. Deval Patrick says five more Massachusetts counties are being included in the federal disaster declaration after the remnants of ... Markel’s Investment Unit Buys Manufacturing Firm Markel Corp.'s subsidiary Markel Ventures purchased a majority interest in WI Holdings, a Pennsylvania-based manufacturing firm. The ... FEMA, SBA Extend Deadline for Hurricane Aid in New Jersey New Jersey residents and businesses battered by Hurricane Irene will now have more time to seek federal aid to help cover their losses. The ... More East News Midwest Nebraska Court: Insurance Won’t Cover Fireworks Injury A judge has ruled a Lincoln, Neb., man can't get help from his insurance company to pay for injuries inflicted on an 80-year-old woman in a ... South Dakota Deputy, a Former Insurance Agent, Indicted on 4 Counts of Grand Theft A Minnehaha County, South Dakota, grand jury has indicted a Douglas County Sheriff's deputy on four counts of grand theft. Court documents ... Citing Reform, Small Health Insurer Lays off Workers in Iowa, Nebraska The parent company of American Republic has told employees in Des Moines, Iowa, and Omaha, Neb., it is getting out of the individual major ... More Midwest News Southeast West Virginia Judge Affirms $91M Damage Award Against Nursing Home A Kanawha County, West Virginia judge has affirmed most of a $91.5 million damage award against a Charleston nursing home in a lawsuit that ... More Southeast News South Central Mexican Truck Finally Enters U.S. Under NAFTA The first Mexican long-haul truck bound for the U.S. interior crossed at the international bridge at Laredo, Texas, Friday, carrying ... More Dust Storms Expected as Texas Drought Lingers The towering wall of billowing red dust roaring across the blue West Texas sky on Oct. 17 took Monroe Debusk back more than eight decades ... Donelon Re-elected as Louisiana Insurance Commissioner Louisiana Insurance Commissioner Jim Donelon is retaining his elected post. Donelon, a Republican from Metairie, sailed to re-election on ... Back Taxes Result in More than 6,000 Vacant Properties in Arkansas More than 6,000 properties are sitting vacant in Arkansas because the owners are delinquent in paying their taxes. Little Rock television ... More South Central News West California MGA Yates Adds Broker Barbara Carey has joined Tustin, Calif.-based managing general agent Yates as  an underwriter and broker. Carey spent the last eight years ... Perr&Knight Relocates California Headquarters to Santa Monica Insurance industry consultant Perr&Knight has relocated its headquarters from Pacific Palisades, Calif. to Santa Monica, in the heart ... California’s Temporary Total Disability Rate for 2012 To Increase The California Division of Workers' Compensation announced on Friday that the minimum and maximum temporary total disability rates for ... More West News International 200 Dead, More Missing, as 7.2 Quake Collapses Buildings in Eastern Turkey The latest news reports have put the death toll at more than 200 with over 1,000 injured as a strong magnitude 7.2 earthquake struck ... Best’s Managing Director-Europe: Solvency II is Coming to an Insurer near You Stefan Holzberger, A.M. Best's managing director-analytics, recently moved to London from the U.S. He is well placed to analyze the impact ... Europe’s Risk Managers Concerned by Social Media Reputation Damage The U.S. isn't alone in having to deal with the increased threats from social media and the potential they pose to reputation risk, as well ... Weak Markets to Hobble Canadian Insurer Results Canadian insurers are looking at a bleak quarter of financial results due to a sharp drop in stock markets and bond yields, and analysts ... Willis Names Maurette as Regional CEO for Latin America Willis Group Holdings plc announced that Luis Maurette has been appointed Regional CEO of its Latin American operations. He is based in ... RSA Appoints Hood as Group E-Business Director UK-based global insurer RSA announced the appointment of Ian Hood as Group E-Business Director. He will be responsible for "driving growth ... Energi to Enter Canadian Insurance Market, Forms Energi of Canada LTD Energi has formed a wholly owned subsidiary, Energi of Canada LTD and is entering the Canadian insurance market. Initially, Energi will ... More International News Sponsored Content The e-Marketing Minute is a bi-weekly video series designed to help insurance agents learn how to grow their agency utilizing the Internet. Check it out. More Sponsored Content 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 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 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 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 State Farm: Its Conn. Deductible Decision Grounded in Fairness Posted: Mon Oct 17 -- Goodness! Let's not forget that we're talking about insurance contracts that the consumer and the carrier entered into in good faith. There... Dee 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... Ejerryh 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 Senators Oppose Flood Insurance Requirement on Properties Near Levees Posted: Wed Oct 19 -- People who are crazy enough to rely on the "protection" provided by a levee need to have flood insurance. This is a no brainer. Levees are... George Campbell Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue Focus on Professional Liability / PLUS, Law Firm Directory, Commercial Property, Insurance Geek Issue - What's New in Technology October 17, 2011 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 Commerical Producer Commercial Insurance Underwriter Marketing Analyst Sr Marketing Manager Have a job opening? List it on our Web site. 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