Daily Headlines: Tuesday, January 15, 2013

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January 15, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Securities Settlements Reach Highest Number Since 2007 U.S. securities regulators reached 714 settlements with defendants in civil cases in the 2012 fiscal year - the highest number since 2007, ... Obama Administration Urges Congress to Pass Farm, Crop Insurance Bill Congress should reform U.S. farm subsidies, and end a $5 billion a year "direct payment," as part of delivering an overdue overhaul of the ... U.S. to Open Trade Talks on Global Insurance, Financial Services The U.S. Trade Representative's office is expected to notify Congress soon of its plan to enter into talks with the European Union and more ... Who's Worth What? Take IJ's Agency Salary Survey Today Insurance Journal is once again polling insurance agency owners, producers, CSRs and other agency staff to find out who's worth what in the ... BRP to Offer LIU Data Breach/Privacy Products Business Risk Partners (BRP) is now offering E&O with built-in data breach/privacy coverage for tech service providers, including website ... Home Value Insurance Co. Dissolved The rehabilitation of Calif.-based Home Value Insurance Co. (HVIC) has been ended and the corporation has been dissolved by order of the... More National News East Conn. Bill Would Require PTSD Claims Coverage to Help First Responders The co-chairman of a state legislative committee in Connecticut says the panel plans to introduce a bill allowing claims of posttraumatic ... Insurance Settlement Dispute Delays Rebuilding of Massachusetts School An insurance settlement dispute is delaying the rebuilding of a Roman Catholic school in Springfield, Mass., that was damaged by a tornado ... Hanover Insurance Advises Homeowners to Watch Out for Ice Dams As low temperatures sweep across the Northeast, ice dams increasingly are becoming a hazard for home and business owners alike.And with ... Maine-Based Cross Insurance Opens Higher Education Division in Boston Cross Insurance, a subsidiary of Maine-based Cross Financial Corp., and one of the largest independent insurance providers in New England, ... More East News Midwest Indiana-based Schroeder Agency Joins with Neace Lukens Schroeder Agency of Rushville, Ind., has strengthened Neace Lukens' Midwest presence by becoming its seventh location in Indiana, the ... Ohio Work Comp Bureau Appoints Regional Business Development Managers Ohio Bureau of Workers' Compensation (BWC) Administrator/CEO Steve Buehrer has appointed four regional business development managers to ... Millions of Flood Relief Dollars Sit Untapped in Minnesota Millions of dollars in relief loan money sit unclaimed more than six months after heavy flooding hit northeastern Minnesota. Most of the ... Jatczak Joins Maximum Independent Brokerage in Chicago Maximum Independent Brokerage LLC has added Mark Jatczak to its sales team in Chicago. Jatczak handles all areas of commercial and ... More Midwest News Southeast Kentucky Case Seeks to Hold Oxyxcontin Makers Accountable Oxycontin has become so pervasive in eastern Kentucky the drug was dubbed "Heroin of the Hills." Now, after years of struggling to combat ... Mississippi City Overhauling Taxi Regulations Vicksburg, Mississippi's Public Transportation Board is working on 20 proposed changes to the city's taxi ordinance. Board chairman Jim ... Georgia's Trinity Underwriting Managers Names Standing Senior VP Transportation specialist Trinity Underwriting Managers Inc. (TUMI), based in Pooler, Georgia, has named Stephen Standing  as senior vice ... Arthur J. Gallagher Acquires Argus Benefits in Atlanta Itasca, Ill.-headquartered global insurance broker Arthur J. Gallagher & Co. has acquired Argus Benefits in Atlanta. Terms of the deal were ... More Southeast News South Central Texas Agency Management Seminar Celebrates 50 Years of Success In 1963, a group of insurance agents under the direction of Joseph E. Vincent from Bryan, Texas, began plans for an annual insurance ... BP Oil Spill Settlement Payments Exceed $1B Mark Businesses and individuals who claim BP's oil spill in the Gulf of Mexico cost them money have been paid more than $1 billion through the ... Number of Insurers Based in Texas 'Average' Compared to Size of Market The Texas insurance market is ranked the 12th largest in the world in terms of premium volume, but only an "average" number of insurance ... More South Central News West Utah Man Accused of Killing Officer Sues Insurer An Ogden man accused of killing a police officer during a drug raid at his home is suing his insurance company over its rejection of his ... Seattle Calculating, Preparing For Climate Change Seattle officials predict that parts of  Washington's largest city will be under water as the shoreline creeps higher due to global ... Court: Oahu Golf Club To Pay Man $6M For Tee Tumble A Circuit Court jury in Hawaii is ordering an Oahu country club to pay a 79-year-old man more than $6 million for the broken back he ... EPIC Adds Stanger to Employee Benefits in Southern California Edgewood Partners Insurance Center named Janice Stanger an account executive on its Los Angeles benefits consulting team. As an account ... Burnham Benefits Names Vreeland VP in Southern California Burnham Benefits Insurance Services named Janet Vreeland as a vice president in Southern California. Vreeland has more than 25 years of ... SCM Names Hernandez Associate VP in Southern California SullivanCurtisMonroe Insurance Services LLC named Gabriela Hernandez associate vice president in its benefits division in Southern ... More West News International Sources Say Iran Charters Oil Tanker with Indian Insurance A loophole in an Indian insurance scheme has allowed Iran's state-run tanker company NITC to bolster oil exports by chartering a vessel ... Zurich's European Survey Confirms Insurance Isn't a Luxury in Economic Crisis A survey conducted by GfK on behalf of Zurich Insurance Group analyzed how the people in seven different European countries are dealing ... Talanx Estimates Group's Sandy Losses at $410 Million; Hannover Re $349 Million Germany's Talanx AG announced that its estimated net claims burden related to hurricane "Sandy" are approximately €306 million [$410 ... Aon Benfield Granted Dubai International Financial Center License Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, announced that its Middle East division has been granted ... Best Analyzes Panama's Competitive Insurance Environment; Solvency II A.M. Best has reported that despite there being "32 insurance companies fighting for market share in the tiny country of Panama; Panamanian ... More International News Insurance Journal Blogs Effective Leadership - How to Implement It This post is part of a series on insurance marketing and training sponsored by Astonish. In part one, we defined effective leadership and ... More Blogs Join the Insurance Journal Network Insurance Journal TV Van Eeten Takes the Reins at Texas Surplus Lines Association Kathy Van Eeten, senior vice president, regional marketing for CRC | Crump, was installed... Watch Now Effects of Worldwide Economic Instability on American Companies Despite a slightly improved economy here in the U.S., the global economy is not out of the... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Comp in Ca for a Farm code 0171 Posted: Tue Jan 15 -- If PEO is an option let me know & I'll inquire. There is enough payroll but not sure about the code. Chad Filley What is your biggest pain as an agent? Posted: Tue Jan 15 -- "GREAT topic! 1. Carrier/GA underwriters that don't respond to emails/phone calls. 2. Customers that can pay... jasmeenkhan988 What is most fullfilling as an agent? Posted: Mon Jan 14 -- Having been in the retail end for over 15 years, I would have to say DELIVERING in time of need; making that arrangement for housing after a... TheFieldman Moving and Storage Company (Business Auto) Posted: Mon Jan 14 -- I have a Moving and Storage Compnay with 2 years in business. Auto currently with Financial Indemnity, no losses and 4 vehicles. Any ideas... Santa Rosa Ins Broker Agency In NC or SC Posted: Mon Jan 14 -- I operate an agency that acts in NC, SC, VA, GA, and TN. If I had the choice, I would say operate in SC. You have more coverages available... NCPCLHagent Personal umbrella with commercial exposure on property Posted: Mon Jan 14 -- If possible, insure the business risk and the HO risk together with the same company. It would make it substantially easier to have a claim... NCPCLHagent Florida Mobile Home Insurance - Coastal Surplus Lines Posted: Wed Jan 9 -- Who are you writing it through? Need a program in Hillborough. btolomeo Go to Forums Reader Comments AIG Says It Has Obligation to Consider Bailout Lawsuit; Critics Pounce Posted: Wed Jan 9 -- It seems the problem is Hank Greenberg. He is making a stink about the bailout which probably was caused with the culture and things done... rukidding AIG May Join Suit Against Federal Government Over 'Unfair' Bailout Terms Posted: Tue Jan 8 -- I enjoy bashing AIG as much as anybody else, but realistically I think it's a safe bet that AIG won't join the lawsuit (I'd give 5:1 odds... nomesaneman AIG Decides Not to Join Bailout Lawsuit Against Government Posted: Wed Jan 9 -- ....or to be committed. PropGal President Obama Signs Bill Repealing Car Dealer Insurance Requirement Posted: Fri Jan 11 -- but what about the jobs of the govt employees who prepare this booklet; they research 11 months of the year to ensure it is chock full of... Chad Balaamaba New York Senator Pitches Mold Relief in Sandy Aid Bill Posted: Fri Jan 11 -- why in the hell is this the federal government's ( taxpayer ) responsibility to pay ? Anyone who builds a house by the ocean should... gregsmith Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue January 14, 2013 Contractors / Subcontractors; Employment Practices Liability Insurance; 2013 Insurance Agents & Brokers Meetings / Conventions Directory 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 Commercial Insurance Specialist Worker Compensation Medical Officer Cargo Claims Adjuster Claims Specialist - Inland Marine 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. 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