Daily Headlines: Thursday, March 1, 2012

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March 1, 2012 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Ex-Security Chief at West Virginia Mine Gets 3 Years in Jail A U.S. judge sentenced the former security chief at a West Virginia mine to three years in prison after being convicted of two felonies ... States Won't Oppose Honda Hybrid Settlement News sources are reporting that five states that were given a deadline to oppose a class-action settlement between Honda Motor Co. and ... 5 Startup Businesses Agents Should Watch It hasn't been the best of times for America's Main Street businesses. Often facing overwhelming competition from big box stores, many ... Insurance Journal Co-Sponsors Study on Agents’ Views on Carriers Channel Harvest Research, in partnership with Insurance Journal, has launched a major new study on the Independent Agency System, probing ... State Farm Profit Took Hit in Stormy 2011 State Farm lost $4.5 billion on its property/casualty underwriting in 2011 – which is $1.3 billion more than it lost in 2010. The ... K&K Insurance Expands Skating Program K&K Insurance Service Group has expanded its ice and inline skating facilities program to include roller skating rinks. Insureds can ... Sentry Insurance Group Names McPartland as CEO Pete G. McPartland has been named chief executive officer at Sentry Insurance a Mutual Company in Stevens Point, Wis. Dale R. Schuh, who ... Companion P&C Names Rhodes Chief Operating Officer Companion Property & Casualty Insurance Group of Columbia, S.C., has named Robert C. Rhodes vice president and chief operating officer. ... Privacy Breaches Boost Technology Coverages The airwaves have been filled with information about the latest privacy breach involving Wikileaks releasing e-mails from Stratfor, a global... More National News East N.Y. Prosecutors Say Fraud Scheme Was Largest of Its Kind in History Authorities are describing the takedown of a massive auto insurance fraud ring in New York the largest of its kind involving New York's ... N.Y. Cardinal to Give Speech on Contraceptive Coverage Debate Cardinal Timothy Dolan is planning a speech on the recent controversy involving contraceptive coverage in health insurance plans. The ... N.J. Audit Finds State Health Plan Cheaper for Towns More than a third of New Jersey counties and towns are wasting millions of dollars on health insurance brokers and premiums when switching ... Health Insurer Anthem Loses Appeal to Maine Supreme Court The Maine supreme court has rejected health insurer Anthem's claim that it has a right to a 3-percent profit and risk margin when setting ... Narragansett Bay Insurance Co. Appoints N.J. Territory Manager Rhode Island-based Narragansett Bay Insurance Company appointed Lori Pakrul as territory manager of New Jersey, where she will be ... Dozens Charged in Massive Insurance Fraud Scheme in New York Federal and local authorities in New York unveiled charges today against 36 defendants -- including 10 doctors and three attorneys -- ... More East News Midwest Storms Blamed for 4 Deaths, Widespread Damage in Midwest A powerful storm system that produced multiple reports of tornadoes lashed the Midwest early Wednesday, roughing up the country music ... Storm Damages Homes in Indiana Town A possible tornado swept across the Ohio River town of Newburgh on Wednesday, damaging several homes in the community's historic riverside ... More Midwest News Southeast Alabama Seeks to License Public Adjusters Alabama regulators and public adjuster groups are lobbying state lawmakers to pass a bill that would allow the state for the first time to ... Mississippi House Revisits Vetoed Auto Insurance Verification Bill A proposal to set up online computer checks to make sure drivers have auto insurance is again moving forward in the Mississippi House. A ... Kentucky Lawmakers Advance Amish Buggy Legislation Lawmakers in Kentucky have moved a step closer to discarding a longstanding traffic safety measure in the name of religious freedom, ... Florida Lawmakers Keep Their Health Premiums Below Other State Workers’ Florida legislators, saying that they differ from rank-and-file state workers, have killed an effort to force themselves to pay more for ... More Southeast News South Central Dallas Doctor, 6 Others Arrested in $375M Health Care Fraud Scheme A physician and the office manager of his medical practice, along with five owners of home health agencies, were arrested today on charges ... More South Central News West Utah Justices: Doctors Should Consider Impact On Family Utah's Supreme Court ruled Tuesday that lawyers can pursue a lawsuit seeking to hold doctors responsible for the actions of a man who ... Carriers Settle Lawsuit Vs. OC Register For $30M Thousands of newspaper carriers have settled their class-action lawsuit against the Orange County Register for a total of $30 million. The ... PG&E Says New Gas Safety Plan Will Cost $5B Pacific Gas & Electric Co. on Tuesday proposed for its customers to pay the lion's share of a $5 billion plan to boost safety on its ... Leavitt Group Taps Somers Concord, Calif.-based Jenkins Insurance Group, a Leavitt Group firm, has hired Chuck Somers as vice president of business insurance. With ... Investigative Unit to Target California's Serial Labor Law Violators California Labor Commissioner Julie A. Su's aim is to send a message to the state's underground economy. The message is that the ... More West News International Google Privacy Policy Violates European Law, Agencies Say Data protection agencies in European countries have concluded Google Inc.'s new privacy policy is in breach of European law, EU Justice ... HSBC Close to $1B Insurance Sale to AXA, QBE: Reuters British bank HSBC Holdings Plc is nearing a deal to sell its general insurance business for about $1 billion, sources familiar with the ... Greece Has Not Triggered CDS Insurance Payments: ISDA Greece has not triggered a payout on credit default swaps by its recent moves to prepare for a debt restructuring, the International Swaps ... Fired Olympus Boss Woodford Launches Wrongful Termination Suit Michael Woodford, the former Olympus CEO, on Thursday kicks off his legal battle for wrongful dismissal on the grounds of discrimination ... More International News 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 Where to locate a NEW branch? Posted: Thu Mar 1 -- Have you tried using Google Maps? Kiddin. I think the online directory of Association of Online Insurance Agents (AOIA) would be helpful. It... sethm Identity Theft Insurance Posted: Thu Mar 1 -- Some companies now include identity theft insurance as part of their homeowners' insurance policy. Others sell it as either a stand-alone... sethm Travelers Insurance in CA Posted: Thu Mar 1 -- Same here in Colorado Travelers has made it clear that it does not want to be the dumping ground for all the mono-line homes -- They want... William Graham 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 Go to Forums Reader Comments 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 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 Disabled Vet Gets $20k in Utah Service Dog Dispute Posted: Wed Feb 29 -- From experience, most board members of an HOA and most managers either don't know the law or choose to ignore it. Good win. Anejo 6 Things I Learned from Reading Steve Jobs Authorized Biography Posted: Fri Feb 24 -- Great commentary Alan. Thanks for sharing your thoughts! Frank Seigel, CPCU Taxpayers See Gain As New York Fed Sells Last of AIG Bailout Bonds Posted: Wed Feb 29 -- the only gain for tax payers is that their wealth has been transferred and their government further impoverished by the privately owned Fed.... Bill Ford 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. 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