Daily Headlines: Wednesday, May 16, 2012

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May 16, 2012 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Federal Flood Insurance May Be Extended Until End of June The House is expected to vote today on an extension of the federal flood insurance program until the end of June but the fate of program in ... Investor Paulson to Scale Back His Activist Role in Hartford’s Shares John Paulson, the hedge fund manager who has been pressuring The Harford to break itself apart to maximize shareholder value, appears ... 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 provider. ... The Language of Sales Much of life is a sales process. At some point in every relationship we are, in effect, negotiating, selling and buying ideas. ... Insurers Warn Restaurants on Exposures That Could Interrupt Recovery The restaurant industry has endured a difficult few years and while some establishments didn't survive the economic storm, those that did... More National News East Massachusetts Drivers See Insurance Rates Rise Massachusetts drivers are starting to see higher auto insurance rates, four years after they tumbled when the state opened the market to ... New York Rule Says Insurers Must Seek Beneficiaries Insurers doing business in New York are now required to regularly search a government list of recent deaths to identify policyholders, then ... N.H. House Votes to Ban Health Exchange The House has voted again to bar New Hampshire officials from planning, creating or participating in a state health-care exchange. The ... Selective Insurance Announces 7 Officer Appointments Selective Insurance Group today announced the following appointments by its subsidiary, Selective Insurance Company of America: Sarita ... Virginia County Says Goodbye to Quake-Damaged School Louisa County said goodbye to an elementary school that was damaged by last year's earthquake. The Daily Progress reports that Louisa ... More East News Midwest Demand High in Joplin Region for Storm Shelters Carter Henson uses an overhead crane to position a bucket containing one yard of cement over a metal form that, when removed, will create a ... Audit: Nebraska Employee Insurance Costs High Nebraska taxpayers are paying far more than necessary into the state's health insurance program because of high administrative costs, poor ... Illinois Governor Mulls Executive Order on Insurance Exchange Illinois Gov. Pat Quinn may use an executive order to establish a health insurance exchange, a website where consumers could comparison ... More Midwest News Southeast Court Ruling in Georgia Upholds School’s Use of Publication Excerpts A federal judge sided with Georgia State University on a range of copyright infringement claims filed by three publishing houses in a ... Alabama Man Sues Florida Blood Bank Over HIV Infection An Alabama man has filed a lawsuit against a Florida blood bank, charging that a transfusion during a coronary bypass surgery infected him ... More Southeast News South Central Texas Cabinet Company Fined for Safety, Health Violations Federal regulators recently proposed fines against a Texas-based cabinet manufacturer over safety and health violations. The U.S. ... Naked Unicyclist in Texas Charged with Distracting Drivers Police say a man arrested in a Southeast Texas city for riding his unicycle in the nude was distracting drivers and creating a hazard. ... Social Media Postings Lead to Firing of Texas Executive Houston-based Francesca's Holdings Corp. reported it has fired its chief financial officer, saying that he improperly communicated company ... More South Central News West Activists’ Study Doubts Safety at California Nuke Plant A report commissioned by an environmental group warned Tuesday that running California's San Onofre nuclear plant at reduced power would ... Marijuana Driving Limits Again Poised For Colorado A marijuana blood-level limit for drivers is once again poised for approval in Colorado – after  two previous attempts to pass the bill ... $2M To Settle Hawaii Deep-Sea Water Violation A deep-sea water bottling company has agreed to pay $2 million to the Hawaii Department of Health to settle a violation order. Hawaii ... Tsunami May Have Sent Floats To Washington More than two dozen floats – many with Asian writing and logos – found May 5 on Dungeness Spit during the first beach cleanup of the ... Jones: Low Cost Auto Insurance Decrease Up To 9% Across California California Insurance Commissioner Dave Jones announced that beginning May 15 the cost of an annual premium for the California Low Cost ... More West News International EU Naval Forces Carry Out First Strikes on Somali Pirate Bases The European Union's naval force off the Somali coastline on Tuesday carried out its first air strikes against pirate targets on shore, ... Allianz Confirms $1.78 Billion Q1 2012 Net Profit As previously announced, Germany's Allianz SE has had a successful start in 2012 with increases in overall revenues, operating profit and ... Aqua Underwriting Enters UK Commercial Market with High Net Worth Products UK-based Aqua Underwriting announced the launch of a range of niche commercial combined products exclusively for brokers, building on its ... More International News 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 New GA getting appointments Posted: Tue May 15 -- As a wholesaler, what carriers look for in appointing a new Broker is -- can you give them business they are not getting now? When you say... LadyBroker Medical Diagnostic Equipment Mfg. - CA Posted: Tue May 15 -- It's less than a $2 rate for the GL, maybe a $0.15 rate on the property? Maybe try your preferred carriers (Allied, CNA, etc). I think they... LadyBroker Are Insurance Agents Employees or Independent Contractors? Posted: Tue May 15 -- I get mad about this a lot. Most companies issue you a 1099 and that would say you were a Independent Contractor for IRS guidelines. When in... johnsharp Is it possible to get insurer appointments just starting out Posted: Tue May 15 -- You can get all the appointments you want if you have good sales and connections in that niche. I was a Captive Agent for 2 years and grew... johnsharp Aviation Products Liability - Non-Critical Parts Posted: Mon May 14 -- I have direct access to a few of the top carriers on avaition products, both critical and non. Please contact me to discuss. Ken... kmeeker Producer Compensation-Florida Posted: Mon May 14 -- Usual is around 30% of renewal commission. That is what I paid my producers for their renewals, and I would pay them 45% of the NB... mangroveman Go to Forums Reader Comments Future Vision: Will Driving Become Too Safe to Insure? Posted: Wed May 9 -- The additional safety devices that are in place to reduce accident do help, but the idea of no accidents involving vehicles will never... Fanucci C.M. Meiers Legal Battle Goes On, Allegations Heat Up Posted: Thu May 10 -- Oh come on. If you are WRK,you haven't been there. If you aren't WRK, you don't know what ER business endevors were. He had one of the... ??? Miami Boat Captain Charged with Insurance Fraud Over Sinking of $1.8M Yacht Posted: Thu May 10 -- Well, if this clown was just the captain and the loss was paid to the owner of the yacht, I wonder if he got a 'share in the spoils', and... reality bites Consumer-Directed Health Plans Show Mixed Results Posted: Mon May 14 -- The inherent problem is that funding of healthcare through an "insurance" mechanism is wholly-inappropriate; It's simply not ethical to... William S. Vaughn, ARM Florida Looks to Fix Loophole in PIP Reform Law Posted: Wed May 9 -- All that time spent on creating this legislation and something as obvious as start dates are wrong. How many other items are either... SWFL Agent Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue May 7, 2012 AAMGA Issue; Salute to Super Regionals; Premium Finance 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 Territory Manager Property & Casualty Insurance Account Executive Underwriter Field Claim Representative Have a job opening? List it on our Web site. 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