Daily Headlines: Wednesday, February 29, 2012

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February 29, 2012

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Today's Headlines National Researchers: Heat-Related Football Deaths Tripled Researchers who analyzed the heat-related deaths of 58 football players nationwide found the numbers dramatically increased in recent ... Nissan Recalling Vehicles for Possible Gas Leaks Nissan says it's recalling more than 79,000 vehicles in the U.S. to fix possible gasoline leaks. The automaker is recalling certain Nissan ... Moody’s Must Face Whistleblower Analyst’s Claim Moody's Investors Service was ordered to defend against a lawsuit by a whistleblowing former analyst who claimed it illegally retaliated ... Obama Creates New U.S. Trade Enforcement Office President Barack Obama announced Tuesday the creation of a new enforcement office to challenge what he called unfair trade practices in ... More National News East 2 Maryland Attorneys Sue Facebook Over Privacy Two Baltimore, Md., law firms have filed a lawsuit against Facebook, arguing that the site has violated privacy laws. The Daily Record of ... New Jersey Using ‘Controlled Burns’ to Help Deter Fires Where there's smoke there's fire. But where there's fire, there's not always a forest fire. New Jersey environmental authorities are ... Report: Safety Device Was Disabled on New York City Elevator An important elevator safety mechanism was turned off when an advertising executive was crushed to death trying to take the lift to her ... Small Fire at Fenway Park Causes $100K in Damage A small fire in the Boston Red Sox's administrative offices at Fenway Park, in Massachusetts, has caused about $100,000 in damage. The ... More East News Midwest 36 Vehicles Break Through Ice at Wisconsin Fishing Event Three dozen vehicles broke through the ice at a weekend fishing tournament on Lake Winnebago, Wis. Winnebago County sheriff's officials say ... Hamm Reports $5.6M Recovered for North Dakota Consumers in 2011 More than $5.6 million was recovered or saved for North Dakota citizens in 2011, according to a report released today by North Dakota ... Missouri Audit Criticizes State-Created Insurance Firm A state-created insurance company has built a competitive advantage by enjoying a best-of-both-worlds scenario - avoiding federal income ... 11-Year-Old Wearing Headphones When Hit by Trai in Wisconsin Officials say an 11-year-old boy killed on the railroad tracks in a Milwaukee suburb was wearing headphones and apparently did not hear the ... More Midwest News Southeast MEMA Wants Unspent Buy-Out Money Back The state of Mississippi has asked Hancock County for $6 million in funds not spent on a  "property acquisition'' project. The project is ... West Virginia Center Settles Suit Over Man’s 2009 Death Prestera Center has settled a lawsuit filed by the family of a man who died after staying in an alcohol recovery shelter operated by the ... Arson Not Suspected, Blowtorch is in Tennessee Church Fire Jackson, Tenn., fire investigators say a blowtorch being used by workers renovating a former downtown church was the likely cause of a fire ... West Virginia Insurance Disclosure Bill Passes House West Virginia's House of Delegates has approved requiring insurance companies to provide policy information in advance of claims. The ... More Southeast News South Central Texas Man Sentenced to Prison on Copyright Infringement Conviction A North Texas man was sentenced on Tuesday to nearly five years in federal prison, and ordered to pay $402,417 in restitution, following ... Louisiana Police Cars Damaged in Chase An early morning police chase of a pickup truck originally seen driving recklessly in a parking lot, ended up with several Lafayette, La., ... Arkansas Crews Battle Multiple Wildfires Arkansas firefighting crews have been battling numerous wildfires. For the month, the Arkansas Forestry Commission says crews have ... More South Central News West Disabled Vet Gets $20k in Utah Service Dog Dispute A disabled Gulf War veteran is getting a $20,000 settlement in a federal lawsuit claiming he was repeatedly fined for keeping a companion ... Scientists Discuss Latest Tsunami Debris Forecast Tsunami waves generated by the magnitude-9 earthquake in Japan last March dragged 3 million to 4 million tons of debris into the ocean ... Los Angeles Police Commission Consider Impound Changes The Los Angeles Police Commission is set to hear a proposal that would amend the LAPD's impound policy for unlicensed drivers. The ... Denver Disciplines Emergency Call Operators Denver authorities have disciplined 17 employees and fired one over delays in responding to calls. In one instance, a man called 911 when ... More West News International Arbitrators Say They Can Hear Chevron-Ecuador Case An international tribunal has found that it has jurisdiction to decide if Ecuador violated a treaty with the United States requiring it to ... China Higher Court Hears Apple’s iPad Appeal Lawyers for Apple Inc. argued for its right to use the iPad trademark in China on Wednesday, as a higher court began a crucial hearing that ... Fire Leaves Cruise Ship Adrift Off Seychelles An Italian cruise liner carrying more than 1,000 people was adrift without power in the pirate-infested Indian Ocean on Monday after a fire ... More International News Connect with Claims Journal Claims Journal TV Growing an Independent Adjusting Firm Gregory M. Church, chief executive officer and owner of Church & Co., LLC, talks with... Watch Now Farmers' Quinn Discusses the Role of Social Media in Disaster Communication Paul Quinn, assistant vice president of Claims Communications for Farmers Insurance discusses... Watch Now Watch more videos at InsuranceJournal.tv

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Daily Headlines: Wednesday, February 29, 2012

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February 29, 2012 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Taxpayers See Gain As New York Fed Sells Last of AIG Bailout Bonds The Federal Reserve Bank of New York on Tuesday sold the remaining portion of mortgage-backed securities acquired in the 2008 rescue of ... BP Seeks Settlement with Oil Spill Plaintiffs BP Plc is seeking to settle a lawsuit over the massive 2010 Gulf of Mexico oil spill by tapping into a $14 billion fund it set aside to ... Moody’s Must Face Whistleblower Analyst’s Retaliation Claim Moody's Investors Service was ordered to defend against a lawsuit by a whistleblowing former analyst who claimed it illegally retaliated ... Low-Cost Online Commercial Lines Quoting Tool for P/C Agents Launched The launch of a real-time commercial lines rater that gives agents access to a handful of large carriers was announced today by a division ... California Earthquake Authority Kicks Off Marketing Program for Agents The business of selling earthquake insurance to homeowners in California may have just gotten a bit easier. The California Earthquake... More National News East Free Speech Suit Settled in Massachusetts School Bullying Case A Massachusetts man has settled a federal lawsuit that claimed his free speech rights were violated when he was removed from a public ... 2 Baltimore Attorneys Sue Facebook Over Privacy Two Baltimore law firms have filed a lawsuit against Facebook, arguing that the site has violated privacy laws. The Daily Record of ... More East News Midwest United Fire Group Appoints Phillips to Board; Sullivan Named VP United Fire Group Inc., headquartered in Cedar Rapids, Iowa, appointed Michael W. Phillips to its board of directors and named Ed Sullivan ... $5.6M Recovered for North Dakota Insurance Consumers in 2011 North Dakota Insurance Commissioner Adam Hamm reported that more than $5.6 million was recovered or saved for North Dakota citizens in ... Illinois Officials to Promote Weather-Radio Use Illinois officials are urging residents to prepare for the threat of severe weather that accompanies the spring season. This year ... Insurance for Bonds Among Changes Sought by Missouri Lawmakers Several Missouri lawmakers want to add requirements for officials involved in economic development projects. A House panel heard testimony ... More Midwest News Southeast West Virginia Bill Requires Insurance Disclosure West Virginia's House of Delegates has approved a bill requiring insurance companies to provide policy information in advance of claims. ... North Carolina Lawmakers Look to Tackle Copper Theft Lawmakers in western North Carolina are looking to make it tougher for copper thieves to sell scrap metal, and they're getting creative ... Mississippi County’s Funds for Flood Property Buybacks Remain Unspent The state of Mississippi has asked Hancock County for $6 million in funds not spent on a "property acquisition'' project. The project is a ... More Southeast News South Central Hackings, Emails Shine Rare Light on Texas-Based Intelligence Firm Austin, Texas-based private intelligence analysis firm Strategic Forecasting Inc (Stratfor) was paid by Coca-Cola to gauge the threat of ... Republic Cos. Names Mattingly President/CEO Dallas-based Republic Cos. has named Joseph E. Mattingly to serve as president and chief executive officer. Since 2006 Mattingly has served ... Crime Prevention Campaign Joins Forces With Another Texas Town The Insurance Council of Texas (ICT) has joined with the Grand Prairie Police Department in a crime prevention campaign aimed at preventing ... Denham Springs, Louisiana Adopts New Flood Regulations The Denham Springs, La., City Council has approved changes to its flood ordinances. The Advocate reports the Federal Emergency Management ... More South Central News West 1-5 Percent Of Tsunami Debris Could Reach West Coast Tsunamis generated by the magnitude-9 earthquake in Japan last March dragged 3 million to 4 million tons of debris into the ocean after ... Grade Dave Jones, California Insurance Commissioner Insurance Commissioner Dave Jones marked his first full year in office last month by looking back on his and the California Department of ... Colorado May Criminalize Withholding Wages Withholding wages from an employee could become criminal in Colorado under a bill being debated at the state Legislature. A House committee ... Disabled Vet Gets $20k in Utah Service Dog Dispute A disabled Gulf War veteran is getting a $20,000 settlement in a federal lawsuit claiming he was repeatedly fined for keeping a companion ... Equipment Failure Blamed For BP Washington Refinery Fire The manager of BP's Cherry Point refinery in Washington says a fire earlier this month was most likely caused by equipment failure. A ... California Department of Insurance Files Action Against Zurich The California Department of Insurance initiated an administrative enforcement action against two insurers – Zurich American Insurance ... California Commissioner Jones Announces Settlement for Earthquake Policyholders The California Department of Insurance has settled a noncompliance action against GeoVera Insurance Co. following a 2010 investigation into ... More West News International China Higher Court Hears Apple’s iPad Trademark Claim Lawyers for Apple Inc. argued for its right to use the iPad trademark in China on Wednesday, as a higher court began a crucial hearing that ... Arbitrators Agree to Hear Chevron-Ecuador Pollution Liability Case An international tribunal has found that it has jurisdiction to decide if Ecuador violated a treaty with the United States requiring it to ... More International News Sponsored Content The Suitelife by Venture Programs is an exclusive insurance solution for the hospitality industry, serving resorts and premier hotels. Check it out. More Sponsored Content Join the Insurance Journal Network Insurance Journal TV Should D&O Cover Bribery? Director and officers liability coverage is increasingly being called up to respond to cases... Watch Now Chartis CEO Hancock on Fear, Regulation, Science and Expenses Peter D. Hancock, CEO of Chartis, AIG's global property/casualty business, discussed the... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Travelers Insurance in CA Posted: Wed Feb 29 -- Has anyone else been restricted to writing package business for Travelers personal insurance in CA? steve32 Questions about starting an MGA Posted: Tue Feb 28 -- Thanks DM. I actually called around and got a quote for about $5,000, which is MP I was told. I was expecting that. paulbennings CA Electrical Contractor BOP/GL Posted: Tue Feb 28 -- There are any number of Preferred carriers (Allied, CNAInsurance) who write commercial contractors. Have you checked with your Direct... LadyBroker Full-service boutique brokerage and invest Posted: Tue Feb 28 -- I have a buddy of mine who is about to open is own Full-service boutique and brokerage and investment firm. He was also thinking of... CoJones How have you Benefited from your Cluster Membership? Posted: Tue Feb 28 -- I want to Ditto what SACMAN had to say --- I am a former FIG agent for 22 years, Farmers divorced me. I thought briefly about staying away... William Graham is being profitable in NJ ever become reality? Posted: Tue Feb 28 -- Hello All, I wanted to get some input/comments from others in the insurance industry to see what they are seeing in regards to this issue... bjwestner Identity Theft Insurance Posted: Tue Feb 28 -- If you want to sell it you should get in with Harvard Benefits. Working for them is kind of a scam from what I've read online as it seems to... bjwestner Facebook Posted: Mon Feb 27 -- As these last notes came up as comments on the latest IJ news email, I went back to read (ok, I skimmed) this post from its origin a few... JasonBHBCo Go to Forums Reader Comments '100-Year Storms' May Happen Every 3 to 20 Years: MIT-Princeton Research Posted: Wed Feb 22 -- I'll bet JamesTR is the kind of guy who loves to listen to himself talk. Can you imagine having to sit anywhere near that gasbag at work? NoGWsince98 Parents of Child Born With Cystic Fibrosis Sue Posted: Tue Feb 28 -- Coming form someone who has tried for 3 years to get pregnant, this story is sad & disgusting to me. If the average age of death is 37, how... so sad Pennsylvania Township, Schools Pay $63K to Banned Fan Mom Posted: Fri Feb 24 -- It really should be mandatory that parents be given a tranquilizer before they are allowed to watch their kid play sports. Anejo Pennsylvania Christian College Sues Over Birth Control Regs Posted: Thu Feb 23 -- All IRC section 501(c)(3) organizations, including churches and religious organizations, must abide by certain rules: their net earnings... The Other Point of View Mom Sues UC Over Son's Overdose at UC Berkeley Posted: Mon Feb 27 -- Let's see....He was an adult (21), his mommy wants to blame the people that own the building for not acting like his mommy. I'm missing... csp Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue Agency Salary Survey; Boats & Marinas; Agribusiness / Farm & Ranch February 20, 2012 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 Casualty Claim Representative/Senior Casualty Claim Rep. Broker/Assistant Broker Producer, Commercial Lines Insurance Producers 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: February 29, 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 February 29, 2012 E&O, Agents, MGA and PAs Agent Cover is a specialty underwriting program focused on Professional Liability coverage for P&C Insurance Agencies, including: Wholesalers, Retailers, MGAs (Managing General Agency), Program Administrators, Specialist & hard to place firms ... States: All states except DE Offered by NSM Insurance View details Market Announcements Property Managers 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 Social Service Agencies Target Class: Social Service Agencies. Policy Structure: Professional Liability and General Liability Coverage; ... States: All except MN View details Homeowners Associations Business Income, CGL, D&O, EPLI, Errant Ball, Flood, Liquor Liability, Property, Tee-to-Green, Umbrella, Workers Comp. States: All states View details Workers Comp - Short Haul Truckers PEO in Florida and Georgia has the ability to write workers' comp for short haul truckers on a PEO platform. We can consider ASO ... States: FL, GA View details Feature Articles California Earthquake Authority Kicks Off Marketing Program for Agents The business of selling earthquake insurance to homeowners in California may have just gotten a bit easier. The California Earthquake... Read more Insurance Plays Lead Role in Movies Americans love movies, and they showed it by purchasing 1.2 billion tickets worth about $10.2 billion at the box office last year. That, of... Read more Midwest Farmers Urged to Buy Crop Insurance Due to Dry Weather A relatively snow-free winter in the Upper Midwest has some officials worried about damage to agriculture if the dry weather persists into... Read more Latest Forums Liquor store New venture liquor store, California. I need package and work comp. by benkins on Tue Feb 28, 2012 Re: handyman & small contractor coverage Hi Laura, We can write handyman & contractors with several markets. We would be able to give your clients solutions who may not ... by ymc on Mon Feb 27, 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 enquiries673.pheaton@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.

Insurance Research & Trends: Wednesday, February 29, 2012

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February 29, 2012 Latest Research & Trends News World Bank Says China Must Embrace Market Economy Feb 28, 2012 -- China's economy is near a turning point that demands that it relax its grip on industry and move towards free markets, the World Bank said ... Surplus Lines Analysis: Multistate Clearinghouse Economics Don’t Work Feb 27, 2012 -- Recent data from Florida indicate that the economics for a multistate surplus lines tax allocation clearinghouse are unworkable. There ... Report: Complaints Against Ohio Nurses Are on Rise Feb 27, 2012 -- Misconduct complaints against Ohio nurses have skyrocketed in recent years, leading to a backlog of investigations for the state nursing ... Forecasters Unsure What to Expect This Tornado Season Feb 27, 2012 -- Tornado season is starting, but don't ask meteorologists how bad it will be this spring and summer. They don't know. They're having a hard ... Bankers and Their Insurers Escape Big Penalties in FDIC Prosecutions Feb 24, 2012 -- Like many banks engulfed by the mortgage crisis, First National Bank of Nevada specialized in risky home loans that didn't require ... Electronic Proof of Insurance Gaining Steam in Some States Feb 23, 2012 -- It's possible that driving with a cell phone may be an advantage. A California legislator's bill to enable auto insurance policyholders to ... Survey: 51% of Insurers Expect to Increase Staff in 2012 Feb 23, 2012 -- A new study says 51 percent of the insurance carriers recently surveyed expect to increase staff in the next 12 months. But it's not all ... 2011 an Exceptional Year for Tornadoes Feb 23, 2012 -- While 2011 marked the fourth deadliest year on record for tornadoes in the United States, Texas was spared tornado-related fatalities and ... There’s an App for That: Mobile Phone Quoting Feb 21, 2012 -- Don't be surprised if in the not-too-distant future on a television commercial you see Flo, adorned in her white apron, drop her price ... RAND Study: Ending Individual Mandate Would Cut Coverage, Hike Government’s Costs Feb 21, 2012 -- Eliminating the federal mandate in the new healthcare law that every individual carry health insurance would sharply lower the number of ... U.S. Should Expect Another Above-Normal Tornado Season in 2012 Feb 21, 2012 -- The U.S. should expect an active severe weather season with above-normal tornadoes in 2012. That's after a near-record number of tornadoes ... Earthquake Simulator to Be Built at University of Alabama Feb 21, 2012 -- There aren't very many rooms in the world that can successfully reproduce the devastating effects of an earthquake. But come May 1, a ... Va. Medical Cost Per Workers’ Comp Claim Higher Than Most States Feb 20, 2012 -- Broad metrics of worker' compensation costs show that Virginia is a lower cost state, largely due to a lower frequency of claims, according ... Georgia Disaster Training Site Replicates New Orleans’ 9th Ward Feb 17, 2012 -- Work is under way on what might be one of the most unique construction projects ever done in Middle Georgia. For years, the whisper of the ... U.S. Seeks Ways to Reduce Excessive Medical Testing Feb 17, 2012 -- A leading group of U.S. doctors is trying to tackle the costly problem of excessive medical testing, hoping to avoid more government ... Underage Drinkers Run Up $750 Million a Year in Hospital Costs Feb 16, 2012 -- Hospitalization for underage drinking is common in the United States, and it comes with a price tag — the estimated total cost for these ... ’100-Year Storms’ May Happen Every 3 to 20 Years: MIT-Princeton Research Feb 15, 2012 -- Last August, Hurricane Irene spun through the Caribbean and parts of the eastern United States, leaving widespread wreckage in its wake. ... Practice Doesn’t Make Perfect in Making Decisions About Risk Feb 14, 2012 -- People aren't always good at making informed decisions that involve risk, but a new study shows that even when they know the likelihood of ... Many Texans Earn Low Pay, Hold Few Assets Feb 7, 2012 -- Texas politicians like to tout the state's economic growth, but more and more Texans are finding themselves teetering on the edge of ... Global Mining Insurance Market Capacity Down 30% After Losses: Willis Feb 6, 2012 -- In 2011, the mining insurance market was not only hit by $2.7 billion in natural catastrophe losses, but over 60 operational losses ... WCRI: Virginia’s Medical Cost Per Workers’ Comp Claim Higher Than Most Feb 2, 2012 -- Broad metrics of worker' compensation costs show that Virginia is a lower cost state, largely due to a lower frequency of claims, according ... Major Companies Keeping Cyber Attacks Secret from SEC, Investors: Report Feb 2, 2012 -- At least a half-dozen major U.S. companies whose computers have been infiltrated by cyber criminals or international spies have not ... Nuclear Accidents Pose Little Risk to U.S. Health, Say Regulators Feb 2, 2012 -- The risk to public health from a severe nuclear power plant accident in the United States is "very small" because reactor operators should ... Study: California Workplace Safety Program Only Superficially Enforced Feb 1, 2012 -- An occupational safety program that requires California businesses to eliminate workplace hazards only works when it's adequately enforced. ... Peers as Passengers Studies Support Graduated Licenses for Teen Drivers Jan 30, 2012 -- Two new studies support the efforts of states in imposing restrictions on teen driving. Teens who drive with peers as passengers have ... Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue Agency Salary Survey; Boats & Marinas; Agribusiness / Farm & Ranch February 20, 2012 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 New Insurance Jobs Casualty Claim Representative/Senior Casualty Claim Rep. Broker/Assistant Broker Producer, Commercial Lines Insurance Producers 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.