Daily Headlines: Tuesday, May 8, 2012

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May 8, 2012 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Multi-State Regulation Drives Up Commercial Insurance Premiums, Says Iowa Researcher Buyers of commercial liability insurance pay as much as 31 percent more because insurance companies have to comply with regulations from ... Stock Sale Lowers U.S. Stake in AIG to 61% The U.S. Treasury on Monday said it is trimming its ownership stake in American International Group Inc. to 61 percent from 70 percent by ... U.S. Treasury Could See $15 Billion Profit from AIG Bailout: GAO U.S. taxpayers could see a profit from the 2008 bailout of American International Group Inc. (AIG), according to a Congressional report. ... Young Drivers Know Risks But Text Anyway: Survey Most young American drivers agree that it is dangerous to text while driving, but nearly a third admit they do it anyway, a survey by ... Traffic Deaths At Record Low in U.S. in 2011 Traffic fatalities on U.S. roads in 2011 fell to their lowest level since federal safety regulators started counting in 1949, the ... RLI Marine to Pay Activation Fee on Equipment Anti-Theft Tracking Device RLI Corp. has announced that it will pay the theft activation fee for all of its RLI Marine policy holders who purchase and install an ... Current Market Not Yet a 'Classic' Hard Market: P/C Executives The current property/casualty market is not a "classic" hard market, yet anyway. While prices are clearly rising in certain lines including... More National News East Verizon Sets Up Captive Insurer in N.J.; State Now Has 4 Captives New Jersey officials announced this week that the state approved a captive insurance company for telecommunications services giant Verizon ... Two Dozen Agencies to Host Job Fairs Next Week Near Pittsburgh, Penn. Some two dozen independent insurance agencies will host job fair events next week in the Pittsburgh, Penn., region. The agencies said they ... Deadly Crash in Bronx Raises Concerns About New York’s Aging Roadways A freak parkway accident that wiped out three generations of a Bronx family late last month is being touted by some transportation ... New Hampshire Bill Beefs Up Landowner Liability Protections The New Hampshire State Senate's Judiciary Committee is considering a bill aimed at beefing up liability protections for New Hampshire ... ACE Westchester Appoints VP in New York ACE Westchester, the U.S.-based wholesale-focused insurance division of the ACE Group, appointed Richard Luca as vice president of ... More East News Midwest Oak Street Funding, OPTIS Partners Form Strategic Partnership Oak Street Funding, headquartered in Carmel, Ind., announced a new strategic partnership with Chicago-based OPTIS Partners LLC. OPTIS ... Missouri Efforts to Expand Texting Law Again Fall Short Late last year, federal safety officials made a deadly crash in rural eastern Missouri a focal point in a nationwide call to ban drivers ... Hail Storm Depletes St. Louis, Missouri Rental Fleet A recent hail storm damaged thousands of vehicles in the St. Louis area, but good luck trying to find a rental. That's because car rental ... Probe Prompts Kansas Inflatables Company to Cancel Jobs Several parents were caught off guard when two Wichita, Kan., companies that provide inflatable rides canceled reservations at the last ... More Midwest News Southeast Women Allege Sexual Bias, Harassment at Kentucky’s Maker’s Mark Five women are suing Maker's Mark Distillery Inc. in federal court, claiming discrimination and sexual harassment. All of the women have ... Blue Cross Fights North Carolina Claim It Blocks Competition North Carolina's Blue Cross plan and the national Blue Cross licensing organization asked a federal court to reject a lawsuit claiming the ... More Southeast News South Central Oklahoma Insurance Agent Headed to Prison for not Filing Tax Returns An Oklahoma insurance agent has been sentenced to 24 months in federal prison for not filing his federal income tax returns. Barry G. ... 2 Texas Firms Receive Safety Awards from Work Comp Regulators The Texas Department of Insurance, Division of Workers' Compensation (TDI-DWC) has recognized Detex Corp. of New Braunfels and James ... American National Insurance Names Pozzi President, COO National Insurance Co. (ANICO), based in Galveston, Texas, recently announced that James E. Pozzi, formerly senior executive vice president ... Seeking to Combat Insurance Fraud, Louisiana Joins Federal Network Louisiana has agreed to share information with a federal network designed to cut down on insurance fraud. The Advocate reported that the ... More South Central News West Nevada Issues First Autonomous Vehicle Test License to Google The Nevada Department of Motor Vehicles has approved an application for a license by Google Inc. to test autonomous vehicles on Nevada ... Denver Lawyer Loses Liability Over Medical MJ Practice A Denver lawyer has lost her liability insurance because part of her practice involves representing medical-marijuana businesses. The ... Billings Settles Lawsuit Over Chase, Fatal Crash The family of a Billings, Mont. nurse who was killed by a drunken driver while he was fleeing police has settled its wrongful death ... State, Feds Impose Fire Bans in Southern Arizona State and federal land managers have imposed bans on open fires and other activities across much of southeastern Arizona because of high ... Federal Help Sought To Avert Flooding At NM Pueblo Members of New Mexico's congressional delegation are asking the federal government for help to prevent possible flooding at Santa Clara ... More West News International Investor Protest Votes on Executive Pay Here to Stay Company directors will remain under pressure from shareholders over executive pay long after the market downturn ends and lawmakers stop ... Moss Quits as Aviva CEO; McFarlane Takes over as Interim Boss Andrew Moss has announced his resignation, with immediate effect, as CEO of Aviva, the UK's largest insurance group. The move comes five ... Munich Re Q1 Profit Tops $1 Billion; Gross Premiums over $17 Billion Munich Re bounced back from the disaster plagued first quarter of 2011, posting a profit of €782 million [$1.019 billion] in the first ... Gonzalez to Head New A.M. Best Miami Office for Latin American Business A.M. Best Co. announced that it has opened an office in Miami, Florida "to serve the growing market for insurance ratings in the Latin ... Earnings Report: Argo Group Selected earnings highlights from the Bermuda-based Argo Group for the first quarter of 2012 are as follows:      ... More International News Insurance Journal Blogs Advertising in the Age of Distraction Maybe you're like me. I love my cell phone. I get hundreds of emails every day; many I open on my phone. My music is in there. Pictures ... More Blogs 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 Is it possible to get insurer appointments just starting out Posted: Tue May 8 -- I'm located in FL as well and have gone through the torture of starting an independent agency from scratch. LOL. Feel free to PM me with any... mangroveman Android Applications/Insurance Related Posted: Tue May 8 -- My company is in the development stages of iPhone/android apps geared towards producers. Any suggestions on what ya'll would like to see in... mangroveman Are Insurance Agents Employees or Independent Contractors? Posted: Tue May 8 -- I'm no CPA, but my thought would be that this should vary based on state employment regulation. mangroveman Licensed vs non licensed CSR ( CA) Posted: Tue May 8 -- This is illegal in my state. (Florida) mangroveman Farmers vs. Independent Posted: Tue May 8 -- If you'd like to know whats involved with starting a scratch independent agency check out this link...... mangroveman HOA Products completed ops Posted: Mon May 7 -- I recently receied a quote from a carrier for an HOA here in CA. They are about 18 k a year less than State Farm. The only thing is that... JAM Residential Apartment Building with Fuses - CA Posted: Mon May 7 -- You know, by the time you get done finding that one or two surplus lines carriers that will maybe take the building with fuses and paying... d's insurance store Go to Forums Reader Comments What to Expect If Supreme Court Strikes Down Obamacare Posted: Thu May 3 -- Hey, I agree with you on Clinton. He's a cheating SOB. Nice role model for the Presidency, huh? The only good thing he did is leave office... Sarah-ahahaha Transportation Chief Calls for National Ban on Cell Phone Use While Driving Posted: Wed May 2 -- You know where it's safe to be on your phone (or even laptop) and in transit? Busses, subways, rail systems, and the backseat of a carpool.... Cat Dead Mexican Teen's Family To Pursue Suit in Texas Posted: Wed May 2 -- I'm sorry this kid got killed but throwing rocks at a cop was an invitation for violence and trouble. Rather than making his parents... Water Bug Detroit Schools to Pay $425K To Student's Family Posted: Thu May 3 -- "the matter has been resolved." Is that what the DA says, too? This is criminally negligent homicide, and should be treated as such. Ins Guy Christian Group Sues Michigan City, Muslims Over Event Posted: Fri May 4 -- A bit off topic, but I find it absolutely ludicris that muslims would presume to control non-muslims by threat of death for simply drawing a... 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