Daily Headlines: Tuesday, October 25, 2011

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October 25, 2011 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National U.S. Offering Smalll Businesses Free Cyber Security Tool The U.S. government is making it easier for small businesses to beef up defenses against cyber criminals through a free, online tool, the ... P/C Industry Gave $500M to Charity in 2010, But More Can Be Done Here is something some people might not know about the property/casualty insurance professionals: they are very generous folks. ... Generous P/C Sector Seeks Ways to ‘Give Better,’ McKinsey Author Says The property/casualty insurance sector that already does a lot of good work is interested in doing more and having even more of an impact, ... Chartis Expands NextGen Product to Specialty Trade Contractors Chartis has expanded the industry classes addressed by NextGen Protection, a suite of environmental insurance solutions offered through its ... 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 Marsh Says Workers’ Comp Rates Fell 1.1% on Average in Q3 Workers' compensation rates decreased an average of 1.1 percent and a median of 1.5 percent at renewal during the third quarter, according ... Delaware Regulators Recovered $1.8M for Consumers, Commissioner Says Delaware Insurance Commissioner Karen Weldin Stewart said through Department of Insurance interventions, Delawareans recovered $1,827,923 ... Lockton Hires Marsh Executive as Senior VP in New York Lockton Companies, a Kansas City, Mo.-headquartered insurance broker, hired Derek Lakin as senior vice president in New York City. In his ... More East News Midwest Accident Fund Will Cover Comp Claim for Joplin Tornado Survivor Michigan-based Accident Fund Insurance Company of America now says it will honor the workers' compensation claims for a man injured ... American Academy of Actuaries Honors Miller with Myers Award The American Academy of Actuaries has presented the 2011 Robert J. Myers Award for Public Service to Mary Downey Miller, assistant director ... More Midwest News Southeast Florida Approves 8.9% Workers' Comp Rate Increase Employers in Florida will be paying more for workers' compensation coverage next year following the state insurance chief's approval of  ... More Unfit Floridians Have Driver’s Licenses Yanked The number of Floridians who have had their driver's licenses revoked because they are deemed physically or mentally unfit has more than ... Florida Man Wins $1M Claim Against South Carolina Lawyer A federal jury has awarded a Florida man $1 million in punitive damages against his former Charleston lawyer. The Post and Courier reported ... More Southeast News South Central Navigators Appoints New Southwest Regional Vice President The Navigators Group Inc. has appointed Kevin P. Neumann as its Southwest regional vice president. Neumann will be located in Navigators' ... Derelict Boats Will Be Pulled from Louisiana Bayous Dozens of rotting, abandoned boats will be hauled out of Terrebonne Parish bayous as part of a parish-wide campaign to remove aquatic ... Case Against Texas Business Tax Before State Supreme Court Attorneys for the state are set to defend Texas' business tax. Claims that it violates the Texas Constitution are part of a case that began ... More South Central News West Kipper Made Nevada Insurance Commissioner, Again Scott Kipper has returned to his role as Nevada's insurance commissioner, an appointment that takes effect today. Kipper was named to the ... Leavitt Group Adds Borisoff in Southern California to Executive Team Privately-heald insurance broker The Leavitt Group has named Brett Borisoff as executive vice president. In Borisoff's new role with ... More West News International UPDATE: Turkey Quake Toll Mounts; Rescue Work Continues; AIR Analysis As rescue workers continued their efforts to find survivors in the debris from collapsed buildings, the death toll from Monday's earthquake ... Ongoing Pirate Menace Triggers Special Coverage, Security Measures "Pirates of the Caribbean" they aren't. They are for the most part desperate men from a failed state that have discovered that one of the ... Hurricane Rina Strengthens off of Yucatan Peninsula According to the most recent bulletin from the National Hurricane Center in Miami, issued at 11:00 EDT, Hurricane Rina was located about ... Japan Offers Help to Companies Hit by Thai Floods Japan has offered extra loans, insurance and a baht cash line to help Japanese companies in flood-ravaged Thailand, signaling growing ... Munich Re: ‘Uncertainty,’ Economic Crisis, Challenge Re/insurers A bulletin from Munich Re names the "sovereign debt crisis in Europe and the USA, a sustained phase of low interest rates and heavy natural ... Best Sees No Rating Changes from of Flagstone Reassurance Restructuring A.M. Best Co. has commented that the financial strength rating of 'A-' (Excellent) and the issuer credit ratings (ICR) of "a-" of ... Willis UK & Ireland Appoints Wilkinson CEO, McCafferty President Willis Group Holdings plc announced the appointment of Daniel Wilkinson as CEO, Willis United Kingdom & Ireland (WUKI), effective ... Willis Group Reports 4% Growth in Q3 Global insurance broker Willis Group Holdings plc said it achieved overall 4 percent growth in revenues with 2 percent organic growth in ... 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 Android Applications/Insurance Related Posted: Mon Oct 24 -- I have an android tablet and love it. Many of the companies are slowly coming out with applications but you are limited. Now, as for the... beyert1 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 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 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 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 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 Georgia Court to Weigh Alligator Claim Against Homeowners Association Posted: Fri Oct 21 -- Seeing an alligator up close and personal could cause me to code, too. NG Top 10 Excuses From Drivers Caught Using Phones Posted: Tue Oct 18 -- An actual quote from my son: Oh, I can drive better with a cell than most people without one. Yeah, right. Actually, people can't even walk... pianoman088 Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Free Webcast: Insuring Today's Self Storage Risk Friday, November 4, 2011 Time: 11:00AM PT / 2:00PM ET 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? 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