Daily Headlines: Thursday, November 10, 2011

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November 10, 2011 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National U.S. Reopens Public Database of Malpractice Claims Against Doctors The U.S. government reopened public access to a database of malpractice claims and damages paid by doctors, with new restrictions that ... Electronic Medical Records Not Without Risks to Patient Safety: Report The nation's transition to electronic medical records, now in full swing, risks overlooking potential patient safety problems, independent ... Life Insurer Sues Bank of America Over Mortgages Bank of America Corp. and its Countrywide Financial unit were on Wednesday hit with a new lawsuit alleging fraud in the sale of residential ... Insurance Executives Turn Pessimistic Over Business Outlook: Survey Many U.S. insurance executives believe that business conditions have worsened compared to a year ago. Faced with continuing economic ... Allstate Announces $1 Billion Share Buyback Plan Allstate Corp.'s board of directors has approved a new $1 billion share repurchase program. The Northbrook, Illinois-based company will ... 11/11/11: What’s In a Number? November 11, 2011 might hold special significance for some, since the date can also be written 11/11/11. When the calendar and its numbers ... S&P Lowers State Auto Group’s Operating Company Ratings to ‘BBB+’ Standard & Poor's Ratings Services has lowered its counterparty credit and financial strength ratings on the operating insurance ... Ratings Roundup: Torus Specialty, Assurant, National American A.M. Best Co. has affirmed the financial strength rating of 'A-' (Excellent) and issuer credit ratings of "a-" of Torus Specialty ... Towers Watson to Expand DriveAbility Program With an increasing number of automobile insurers implementing usage-based insurance (UBI) products that analyze data from in-car devices ... Architects & Engineer Class Held Hostage by Price Cutting, Overcrowding Even with historically low rates, tough competition, and a reduction in business, the architects and engineers professional liability class... More National News East Tower Group Has $16.4M Q3 Loss, Hurt By CAT Loss From Irene Tower Group reported a net loss of $16.4 million attributable to common shareholders in the third quarter. In contrast, the insurer had ... Selective Insurance Announces Two Promotions Selective Insurance Group in Branchville, N.J., announced two promotions in its Selective Insurance Company of America subsidiary. Dana ... CRC Insurance Services Appoints Casualty Broker in New Jersey CRC Insurance Services, a wholesale broker headquartered in Birmingham, Ala., hired Kenneth Echols as a casualty broker for the Parsippany, ... BDO Consulting Appoints Head of Insurance Claim Services in D.C. BDO Consulting, a professional services provider, appointed Clark Schweers as managing director and head of its insurance claim services ... More East News Midwest Missouri Pastor Pleads Guilty in Death of Congregant, an Insurance Agent A former western Missouri pastor has pleaded guilty in the death of a former member of his church. Fifty-two-year-old David Love of ... Signature Select LLC Acquires Kansas-based Cassell Insurance Signature Select LLC, a retail insurance broker subsidiary of the IMA Financial Group Inc., has acquired Cassell Insurance of Wichita and ... Bank of North Dakota May Offer Homeowners Low-Interest Disaster Loans A key provision in the North Dakota Legislature's disaster aid bill would provide low-interest, unsecured loans of up to $30,000 for ... More Midwest News Southeast Chaney Re-elected Mississippi Insurance Commissioner Insurance Commissioner Mike Chaney won re-election in Tuesday's voting in Mississippi. Chaney, a Republican from Vicksburg, defeated ... Florida Looks to Tampa as Leader in Fight Against PIP Fraud The move by one Florida county to crack down on auto insurance fraud by targeting staged accidents and regulating clinics is being seen as ... More Southeast News South Central Coast Guard OKs Winding Down BP Spill Cleanup BP will no longer be responsible for cleaning up oil that washes up on the Gulf Coast unless officials can prove it comes from the ... Former Louisiana Lawmaker Shepherd Released to Halfway House A former Louisiana state senator who pleaded guilty to money laundering in a fraudulent security bond fraud case has been released from ... IBTX Risk Services Moving to New North Texas Location IBTX Risk Services is moving its Dallas/Fort Worth office location to the Las Colinas Corporate Center II in Irving, Texas. The Nov. 18 ... Federation of Insurance Women of Texas Elects New Officers The Federation of Insurance Women of Texas, or FIWT, has installed new officers for 2012. Newly elected officers are: President Conya ... More South Central News West Another Suit Filed in Reno Air Race Tragedy Another lawsuit has been filed in the Sept. 16 Reno Air Race crash that killed 11 people, including the pilot, and insured nearly 70 other ... Powerful Storm Damages Roofs in Nome, Alaska High winds and surging waves pummeled Alaska's western coast Wednesday, churning the Bering Sea and forcing residents of Nome and isolated ... Colorado Wants Insurance Company to Cut Severance Colorado wants top executives at the state-chartered workers' compensation insurance fund to waive big severance payments if the ... Parents of Montana Shooting Victim Sue Shooter’s Father The parents of a 10-year-old boy who was shot and killed by another boy in March have filed a lawsuit against the shooter's father and the ... More West News International AIR Updates Analysis of Thai ‘Historic’ Flooding; BI Will Impact Insurers According to catastrophe modeling firm AIR Worldwide, "historic flooding in Thailand continues to damage residential properties and has ... Australia Urges Breaking up Doha Round into Smaller Pacts Australia wants World Trade Organization members to recognize that reaching a comprehensive deal in decade-old world trade talks has become ... Zurich Reports $3.2 Billion 9-Month Net Income; Operating Profit $3.258 Billion Zurich Financial Services Group reported a business operating profit (BOP) for the nine months ended September 30, 2011 of $3.258 billion, ... Hannover Re Posts $518 Million 9-Month Net Income Germany's Hannover Re expressed satisfaction with the Group's net income for the first 9 months of 2011, as it posted a profit of €381.7 ... Willis Report Concludes Airline Industry is Buyers' Market An analysis from Willis Group Holdings concludes that "despite ongoing global economic challenges, the airline industry continues to ... Hicks Joins UK’s Miller for Corporate Risks London-based broker Miller Insurance announced that it is "expanding its successful Corporate Risks team and reinforcing its client service ... More International News Join the Insurance Journal Network Insurance Journal TV Does Innovation Miss the Mark? Michael Lee, founder, chairman and CEO of the Tower Group, doesn't believe innovation runs... Watch Now Intermediary Value The prolonged soft market and tough competition in the property/casualty insurance industry... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums What websites or app are agents using? Posted: Thu Nov 10 -- Sethm, Could you be more specific regarding what software you use? Thanks, twobeacon Energy Savings Insurance (ESI) Posted: Thu Nov 10 -- According to an article I read, like any other insurance, ESI has its risks and coverages. Below are a few of them: - Not performing... robmejia Business Loss - Travel Insurance Posted: Thu Nov 10 -- Hi forumquestions, Can you elaborate on your question please? I'm wondering how business loss can be connected with a travel insurance. robmejia Identity Theft coverage Posted: Thu Nov 10 -- I read an article stating that it is stupid investment that one mustn't take. It's coverage is so small that it's basically a waste of... robmejia Chicago IL area insurance agencies who sell TRAVEL Insurance Posted: Thu Nov 10 -- There are various companies online who sell travel insurance depending on the location they're residing. I'm wondering this kind of... robmejia Internet Seach Company Posted: Thu Nov 10 -- Yeah I agree with chizcurl. It's better to have an in-house SEO so your website can be optimized thoroughly and continuously. It might also... robmejia Inland Marine Fraud Posted: Wed Nov 9 -- Our agency recently wrote an Inland Marine policy for a business that needed coverage for about $230K worth of equipment financed by a large... threed Wholesale Distr to Oil & Gas contractors in AR Posted: Wed Nov 9 -- I'd like to talk to you about this risk as I may be able to help. We've had experience with this type of risk in AR before. Not sure of the... dlaughlin Dental Plan or Dental Insurance Posted: Wed Nov 9 -- Dental insurance is NOT insurance. This is a fallacy that many patients do not understand. The benefit from a dental insurance is a fixed... gandk452 Go to Forums Reader Comments S&P Lowers Outlook on Allstate and Subs to Negative; Affirms Ratings Posted: Thu Nov 3 -- To much Mayhem........ Agent Motorcycle Helmet Repeal Approved in Michigan House Posted: Fri Nov 4 -- Thank you, Michigan, for such a stupid decision! I have seen more than one commercial policy limits claim paid for drivers involved with an... Candace Appeals Court Upholds Obama Healthcare Law Posted: Tue Nov 8 -- Liberal legislation from the bench again. Just read the Constitution. General Welfare clause my A*s. Whats to prevent the Fed from telling... Sarah Insurers, Policyholders Clash Over Business Interruption Claims Posted: Mon Nov 7 -- The argument that the hotels would have profited from the hurricane if they hadn't been impacted is totally self-serving and illogical. If... Scott Wisconsin Teen Settles Police Dog Bite Claim Posted: Mon Nov 7 -- It is the "cheaper to settle" attitude that costs all of us in the future. $200k is a lot to pay when you've done nothing wrong and for a... hakadjuster Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue Top Commercial Lines Agencies, Habitational / Dwellings, Agents' E&O Survey November 7, 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 Product Development Senior Specialist Insurance Management Specialist Senior Underwriting Specialist - Inland Marine Vice President of Underwriting Have a job opening? List it on our Web site. 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