Daily Headlines: Thursday, May 31, 2012

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May 31, 2012

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Today's Headlines National Report: 2011 Content Claims Trends Jewelry losses were the big ticket items in value and volume for property insurance claims made in 2011, according to Enservio's annual ... Weather Service Money Shifting Problems Hit Agency The head of the National Weather Service has suddenly retired and the agency is seeking an emergency $35.6 million from Congress because of ... FDA Warns About Counterfeit Adderall Tablets The Food and Drug Administration is warning consumers that a counterfeit version of the attention deficit hyperactivity disorder drug ... Back-to-Back Asteroids Harmlessly Fly Past Earth A newly discovered small asteroid has harmlessly zipped close to Earth - just as scientists expected. The 16-foot (4.88-meter)-long space ... More National News East New York City Officials Urge Residents to Prepare for Hurricane Season Officials are urging New York City residents to get ready for hurricane season. The Atlantic hurricane season officially starts on Friday. ... Bank Caught Forged Check Scam, Pennsylvania County Not Out Money State police say a bank got wise before a western Pennsylvania county lost any money from $53,000 worth of forged government checks cashed ... Delaware Construction Worker Killed in Trench Collapse Authorities in Delaware are investigating a deadly trench collapse at a construction site in Sussex County. Authorities said 47-year-old ... Virginia Family Settles Lawsuit in Jogger’s Death The family of a Virginia attorney has settled a wrongful death lawsuit. The Roanoke Times reports the $1.25 million settlement involving ... More East News Midwest Upper Peninsula Wildfire Destroys 115 Structures State officials say 115 structures, including homes and a motel, have been destroyed by a wildfire in the Upper Peninsula. The Michigan ... Wisconsin Man on Lawn Tractor Arrested for OWI Authorities say a man who drove a lawn tractor on the sidewalk, street and into a Walgreen's parking lot in Washington County is facing his ... New Apartment Complex in Missouri Heavily Damaged A fire that heavily damaged a new apartment complex in Columbia has left some students scrambling to find housing before the fall semester ... Central Indiana County Grandstand Likely Done by July A central Indiana county says the show will go on this summer with a new fair grandstand after it demolished the old one because of safety ... More Midwest News Southeast West Virginia DMV Explains Insurance Verification Program The West Virginia Department of Motor Vehicles is taking steps to educate motorists about electronic verification of insurance coverage. ... Sprinkler Malfunction Floods Tennessee YMCA YMCA officials in Knoxville, Tenn., say the downtown "Y" had to be closed after a fire sprinkler malfunction flooded it. WATE-TV reported ... West Virginia Officials Grapple With Crumbling Mausoleum Charleston, W.Va., officials are deciding how best to renovate the mausoleum at historic Spring Hill Cemetery. The mausoleum is listed on ... Appeals Court Upholds Verdict in Mississippi Fraud Suit A federal appeals court panel on Tuesday upheld a $420,000 verdict against two Mississippi lawyers accused by a railroad company of ... More Southeast News South Central The Next New Thing: Coverage Issues from Fracking Claims Every few years it seems that there are predictions a new type of claim that threatens to engulf carriers. In the 1980s and 1990s it was ... Severe Weather Damages Oklahoma High School Officials say severe weather that tore through Lawton, Okla., on Memorial Day caused up to $400,000 in damages to a high school. ... Ex-Home Solutions Exec Pleads Not Guilty to Fraud A former executive of a business that specialized in disaster recovery has pleaded not guilty to securities fraud in Texas. Federal ... More South Central News West Forest Wildfire Becomes Largest in New Mexico History A massive wildfire in southwestern New Mexico's Gila National Forest is now the largest fire in state history. Fire officials said ... Savage Appointed Oregon Insurance Commissioner Lou Savage, Oregon's interim insurance commissioner for the past seven months, has been appointed to the position permanently. He replaces ... New Mexico Health Official to Take on Job Safety in Wyoming A longtime state health official has been tapped to oversee job safety in Wyoming. New Mexico state epidemiologist C. Mack Sewell told the ... Washington Homeowners Help Battle Grass Fire Washington homeowners with garden hoses helped firefighters battle a three-alarm grass fire that burned about 100 acres in the East Valley ... More West News International Olympus, Whistleblower Reach Settlement in Britain Olympus Corp. has reached a settlement with whistleblower Michael Woodford who had been suing over his dismissal as chief executive of the ... Top Insurer Pulls Cover for Exports to Greece The world's biggest trade credit insurer, Euler Hermes, has suspended cover for exporters shipping to Greece because of the mounting risk ... 9 Killed, 11 Injured in Nepal Traffic Accident Police say an overcrowded car has veered off a mountain road in western Nepal, killing nine people and injuring 11. Police say the driver ... More International News Connect with Claims Journal Claims Journal TV Factors Considered in Commercial Vehicle Accident Reconstruction Dirk Smith, Senior Vice President of the Forensic Division at Rimkus Consulting Group... Watch Now Vehicle Arson Trends Dave Smith, a retired Phoenix police insurance fraud investigator and certified vehicle fire... Watch Now Watch more videos at InsuranceJournal.tv

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Daily Headlines: Thursday, May 31, 2012

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May 31, 2012 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Flood Insurance Program Extended Until July 30 As expected, the U.S. House of Representatives agreed with a Senate a measure extending the federal flood insurance program for 60 days ... Bill Would Bar Insurance for Clawbacks Executives at financial firms would no longer be able to buy insurance to protect themselves against compensation clawbacks or civil ... Wells Fargo Looking to Buy Insurance Brokers: CEO Wells Fargo & Co., which has been renewing its appetite for acquisitions lately, is interested in buying insurance sales businesses, ... Small Firms’ Health Insurance Tax Break Disappoints It seemed like a good idea at the time. But a health insurance tax credit for small businesses, part of President Barack Obama's health ... House Expected to Agree to Senate’s 60-Day Extension of Flood Program Tonight The House of Representatives is expected to go along with a 60-day reauthorization of the federal flood insurance program already approved ... Consultant Burand Launches Agency E&O Blog on InsuranceJournal.com Insurance agency consultant Chris Burand is launching a new blog on insurance agency errors and omissions (E&O) issues on ... 11 States Adopt Plan to Distribute Surplus Lines Premium Taxes States participating in the Non-admitted Insurance Multi-state Agreement, or NIMA, have adopted a premium allocation method for distributing... Building Codes BAD for Your Insured Few commercial structures fully meet the applicable jurisdictional building codes and regulations to which they are subject. Federal, state, and local building codes ... More National News East NYC Publishes New Edition of ‘Ready New York’ Hurricane Guide New York City's Office of Emergency Management has published a new edition of its hurricane guide.Titled "Ready New York: Hurricanes and ... Delaware Weighs Mortgage Assistance Plans for Struggling Homeowners Members of Delaware legislature's budget committee are wrestling with competing proposals from the governor and attorney general on how to ... FM Global Names 3 Senior Vice Presidents in Rhode Island Johnston, R.I.-headquartered FM Global, one of the world's largest business property insurers, announced a number of changes to its ... Google Names Former MMC Exec Wittman as CFO of Motorola Mobility Unit Internet search giant Google has named Vanessa Wittman as the new chief financial officer of its newly acquired Motorola Mobility Holdings ... N.Y.-Based PIA Management Services Hires Government Affairs Counsel PIA Management Services Inc. in Glenmont, N.Y., hired Bradford Lachut as government affairs counsel for its government and industry affairs ... Orchid Launches Personal Lines Program with Icat Orchid Underwriters Agency, Inc. in Vero Beach, Fla. has been granted exclusive access to a new residential underwriting program ... More East News Midwest Judge Reduces Prison Sentence of Chicago Insurance Mogul A federal judge has spared a former Chicago executive the necessity of serving the final few months of his prison sentence for stealing ... Michigan Upper Peninsula Wildfire Destroys 115 Structures State officials say 115 structures, including homes and a motel, have been destroyed by a wildfire in the Upper Peninsula. The Michigan ... Missouri County Passes Copper Theft Ordinance A new law in St. Louis County, Mo., addresses the frequent theft of copper, catalytic converters and air conditioner parts. The St. Louis ... Fireman's Fund Appoints Shanks as Underwriting Executive in Chicago Fireman's Fund Insurance Co. has appointed Eric Shanks to the position of senior vice president, personal insurance underwriting ... More Midwest News Southeast West Virginia Gears Up for Auto Insurance Verification Program The West Virginia Department of Motor Vehicles is taking steps to educate motorists about electronic verification of insurance coverage. ... Appeals Court Upholds Mississippi Fraud Verdict Against Asbestos Lawyers A federal appeals court panel has upheld a $420,000 verdict against two Mississippi lawyers accused by a railroad company of committing ... Kentucky Coal Mines in Arrears on Safety Fines: Report A published report says Kentucky coal operators owe more in delinquent fines to federal authorities for mine safety violations than any ... Neace Lukens Acquires South Carolina Broker Louisville, Kentucky-based Neace Lukens is continuing its expansion by acquiring the independent risk management and insurance broker, ... State Auto Consolidates RED, Rockhill in North Carolina The specialty division of the State Auto Insurance Group is consolidating its Risk Evaluation and Design (RED) subsidiary and its Rockhill ... More Southeast News South Central Ratings of Louisiana-based Amerisafe Inc. and Subsidiaries Affirmed A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and issuer credit ratings (ICR) of "a" of property/casualty ... Southport Lane to Acquire Dallas National Insurance Co. Southport Lane, a New York-based private equity firm, through its subsidiary Lonestar Holdco LLC, will acquire Dallas National Insurance ... Officials: Louisiana Pump Station Work Will Help Protect From Floods Lafourche Parish, La., officials say the repair of two pumping stations in the Raceland area will help protect against flooding. The parish ... Arkansas Teacher Sues District Over Anger Management Course A debate and forensics teacher at Fayetteville High School in Fayetteville, Ark., has filed a lawsuit against the district, claiming his ... More South Central News West New Earthquake Faults Uncovered West Of Lake Tahoe Scientists studying earthquake faults in the mountains west of Lake Tahoe say new, high-resolution imaging technology has helped uncover ... Bill Addressing Spinal Surgery Devices Passes California Senate A bill aimed at ending double payments for spinal surgery devices passed state Senate resoundingly on Wednesday and is now on its way to ... Savage Named Oregon Insurance Commissioner Lou Savage, Oregon's interim insurance commissioner for the past seven months, has been appointed to the position, replacing Teresa ... Jones Approves New Pure Premium Rates Insurance Commissioner Dave Jones on Tuesday issued a decision on the Workers' Compensation Insurance Rating Bureau's July 1 pure ... More West News International Top Trade Credit Insurer Pulls Cover for Exports to Greece The world's biggest trade credit insurer, Euler Hermes, has suspended cover for exporters shipping to Greece because of the mounting risk ... Prudential Buying U.S. Life Insurance Business from Swiss Re Britain's No.1 insurer Prudential Plc on Thursday said it will buy life insurer SRLC America Holding Corp. from Swiss Re AG for 398 million ... Sun Life Forms Venture with PVI to Sell in Vietnam Sun Life Financial Inc. said Thursday it would form a joint venture with Vietnam's PVI Holdings that will allow Sun Life to sell insurance ... Aon’s Anning Joins TigerRisk's London Office Reinsurance broker  TigerRisk Partners reported that Nick Anning will join the firm as a director in its London office. In his new ... More International News Sponsored Content Investigation Solutions & American Claims Management Continue Crusade Against Insurance Fraud San Diego, CA, 5/31/12 - Investigation Solutions, Inc., the special investigations subsidiary of American Claims Management, Inc., recently ... More Sponsored Content Join the Insurance Journal Network Insurance Journal TV Annual Live Training Burn Educates Adjusters Pat Andler, a certified fire investigator and owner of Andler & Associates discusses the... Watch Now What D&O Buyers Look For In a Carrier What do insureds look for when shopping for a carrier to provide director and officers... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums 1-800-Car-Insurance Posted: Thu May 31 -- I think this would be an extremely effective number to have for your agency. I would like to know how it works out for you. steveosiris What are your thoughts on the insurance industry Posted: Thu May 31 -- I have tried being an insurance agent before and I really liked it. If you just know how to talk to people then you don't have anything to... rijbadgett CA STATE FUND Posted: Wed May 30 -- One point of clarification... I have had some luck there with some people, who have been very helpful and knowledgeable. I don't mean to say... paulbennings Credit Card Processing Posted: Wed May 30 -- I'm looking for a Credit card processor that does not have excessive/ hidden fees. Online processing is what we prefer. Any suggestions... JAM Video Email - Would you do it if it is cost effective Posted: Wed May 23 -- I have been in the insurance industry since 1985. I have seen a lot of things come and go in that time period. I know right now the hot... Eagleeye Licensing Outsourcing? Viable? Posted: Wed May 23 -- Tip brought to you by your local PIA (Professional Insurance Agents Association) ... dm307799 Brokerage and investment firm Posted: Tue May 22 -- Are you asking what the process is to register as an insurance agent/broker, and also as an investment (i.e. securities broker/dealer)? Your... Big Dog Go to Forums Reader Comments Montana School Settles Claim By Family Of Suicide Victim Posted: Fri May 25 -- I don't understand. This young girl was attacked and violated and the teacher got a 3 year deferred sentence? He should be fried for his... Water Bug Mom of Massachusetts Man Shot in Harvard Dorm Sues University Posted: Fri May 25 -- Although I would be devastated were it my child, I would have to admit that life is sometimes unjust and unfair. Neither is grounds for a... Lynda Berge More Top Executives Say Bribes for Business Acceptable Posted: Thu May 24 -- That's just great (NOT). Way to lead by example people. Its often commented in the IJ that increased regulation is not favorable to the... Producer #1 BofA Whistleblower to Receive $14.5M in Mortgage Case Posted: Wed May 30 -- These financial institutions are almost as corrupt as the politicians. Chris Dodd made out like a bandit with his favorable loan terms with... Agent Maryland's State-Run WC Insurer IWIF to Become Private Nonprofit Co. Posted: Tue May 29 -- While I generally agree that gov't involvment is not the best, I am not sure its wise to say "Any time" gov't influce is reduced that... Producer #1 Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue May 21, 2012 Workers' Comp Report with ; Restaurants & Bars; Recreation & Leisure 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 Regional Leaders IT Project Leader Regional Account Executive - Greater NY & Midwest Regions Director of Marketing Have a job opening? List it on our Web site. How to Advertise For information about advertising on this newsletter and Insurance Journal magazines, contact Julie Tinney at (800) 897-9965 x148. View our Media Kit for advertising options in our magazines and online properties. Subscribe | Unsubscribe | Send to a Friend | Contact Us Insurance Journal 3570 Camino del Rio North, Suite 200 San Diego, CA 92108 (800) 897-9965 Copyright © 2012 by Wells Publishing, Inc.

New Markets Daily: May 31, 2012

Having trouble reading this email? View it in your browser. Not interested anymore? Unsubscribe Instantly.    Market Directory | Featured Articles | Latest Forums | Ask a Question May 31, 2012 Commercial Auto - Petroleum Haulers AmWINS Transportation Underwriters provides product and risk management solutions to commercial and private trucking firms predominately consisting of under 100 power units. Petroleum Hauler coverages include: automobile liability, physical damage, ... States: FL, GA, NC, VA Offered by AmWINS Transportation Underwriters, Inc. View details Market Announcements Security Guard & Detective Agencies Abuse & Molestation, Assault & Battery, Commercial Excess, Difference in Conditions, GL, Personal Liability, Professional ... States: All states View details Condo/Homeowner Associations Apartment House Package, Boiler & Machinery, Builders Risk, Business Income, Crime, D&O, Earthquake, GL, Lessor Only Excess ... States: AR, AZ, CA, CO, CT, DC, DE, GA, IA, ID, IL, IN, KS, KY, MD, MI, MN, MO, MT, NC, ND, NE, NM, NV, OH, OK, OR, SC, SD, TN, TX, UT, VA, WA, WI, WV, WY View details Excess Workers Compensation Broad range of classes and retensions.Professional Risk Management available. States: All states View details Restaurants & Bars Tuscano's writes all types of restaurants, bars and taverns and most variations thereof. Additional coverages and limits can be ... States: MD, NC, NJ, NY, OH, PA, SC, VA, WV View details Feature Articles 11 States Adopt Plan to Distribute Surplus Lines Premium Taxes States participating in the Non-admitted Insurance Multi-state Agreement, or NIMA, have adopted a premium allocation method for distributing... Read more Senate to Vote on 60-Day Extension of Flood Insurance Program U.S. Sen. David Vitter, R.-La., said he and Senate Majority Leader Harry Reid, D.-Nev., have forged a bipartisan agreement to allow floor... Read more Home Insurance Rates Rose 19% Nationwide in 2011: Report Homeowners insurance premiums went up 19 percent on average nationwide, according to a report from an online insurance... Read more Latest Forums Horse and Carriage Company Need market for Horse and Carriage Company. Travel city streets. Need GL and Proerty coverage for the Carriage. by rfrazier on Thu May 31, 2012 Insurance Audit and PC Consultant Need a carrier for a Insurance Auditer and PC Consultant. One man operation, 1,000,000 E&O policy does 100% of the work in house, ... by mayn400 on Wed May 30, 2012 Re: Supply Chain Interuption Coverage This can be provided by most Property Carriers but as part of a Property policy and as an extension to the Buisness Income. If you ... by diver on Wed May 30, 2012 Gymnastics Equipment Leasing We are in need of a carrier to provide general liability coverage for a gymnastics equipment rental company in WI. 37 years ... by byam191 on Wed May 30, 2012 Ask a Question Join the conversation, ask your question to our community of more than 15,000 property casualty professionals. Get started today!   Member Tools Know someone who might be interested in the email? Why not forward this email to a friend. Find exactly what you need. Search our database of more than 700 companies and 22,000 market listings. Login to your MyNewMarkets account. Not a member yet? Sign up now! Connect with MyNewMarkets Click here to forward this email to a friend. MyNewMarkets.com Daily newsletter combines our comprehensive market database with industry and coverage overviews to give agents a deep resource to educate and connect with opportunities. Unsubscribe sambentley1.ifinancemail@blogger.com from this list. Contact Us: 3570 Camino del Rio N Ste 200 San Diego CA, 92108 (800) 897-9965 Copyright (C) 2012 Wells Publishing, Inc. All rights reserved.

Insureds Going Green? More Opportunity for You

New training from Insurance Journal's Academy of Insurance. Register today! Having trouble reading this email? View it as a webpage. Not interested anymore? Unsubscribe instantly. Going Green Creates New Opportunities for the Insurance Industry The Green Risks Series Boot Camp is the first of its kind – an educational webinar series about green buildings created by insurance professionals for insurance professionals. As green buildings become mainstream, the challenge is on the insurance industry to be prepared for these genuinely unique risks. In this four part webinar series, key green-building lessons will be delivered in strategic order designed to address property issues insurers should know. Critical to the insurer's early ability to understand the risks for all stakeholders, this is a must-attend event. Click Here to Register What you will learn in this webinar: Part 1 - What is a green building after all? Part 2 - Green Building Rating Programs Part 3 - Green Endorsements Part 4 - Challenges and opportunities waiting for insurers when their clients are going green. Each webinar is 90 minutes long. When you register, you get: Access to the live webinars Video and audio recordings, so you can watch or listen again Question & Answer session with the instructor Audio download of the webcasts Presentation slides download Join us this 4-part webinar series, beginning Wednesday, June 6th. (PLUS, all registrants will receive video and audio recordings of the webinars, so you can listen/watch again at your convenience.) Space is limited! Click Here to Reserve Your Spot! Regularly priced at $479.00, just $397 when you register today! (special pricing expires June 5th) Have questions or need help? Send an email to webcasts@insurancejournal.com or call Barbara at 800-897-9965 x166. Part 1: Wednesday, June 6th Part 2: Wednesday, June 13th Part 3: Wednesday, June 20th Part 4: Wednesday, June 27th Time: 1:30pm ET / 10:30am PT Duration: 90 minutes each webinar Register today for just $397! Click Here to Register Instructor: Trent Massey Green Risks Specialist and Instructor for Vale Training Solutions More Great Training: MAY 31: Understanding and Explaining Ordinance or Law Coverage - This class details the essential coverage provisions found in the two ordinance or law endorsements and demonstrates how this coverage can save your insureds (and you from an E&O perspective) hundreds of thousands of dollars in out-of-pocket expenses. JUNE 7: Waiver of Subrogation, OCP, Liquor, MCS-90 - Do you know enough about these 4 topics? Join us for this one-hour webinar where you'll learn all the necessary information on OCPs, Liquor, MCS90 and Waiver of Subrogation. JUNE 14: State of the Industry - The market has been soft for quite some time, but is it changing? Learn how to measure the excess capital in the industry, what the insurance cycle has to do with this, and much more. JUNE 21: Computer Property Coverages - This course discusses some of the emerging cyber exposures that businesses are facing today. We'll review traditional property and liability contracts and why they do not adequately address cyber exposures. JUNE 28: The Future of the Work Comp Mod - Are you ready for the change the National Council on Compensation Insurance (NCCI) is making to the calculation of the experience model? This is the first change in more than 20 years. Send to a Friend | Contact Us | Subscribe | Unsubscribe | Privacy Policy Insurance Journal 3570 Camino del Rio North, Suite 200 San Diego, CA 92108 (800) 897-9965 Copyright © 2012 by Wells Publishing, Inc.