Daily Headlines: Monday, August 6, 2012

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August 6, 2012 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National U.S. Treasury to Raise $5B from AIG Stock Sale The U.S. Treasury Department said on Friday it expects to raise $5 billion from its sale of American International Group stock, cutting the ... Captives Feeling the Squeeze As Global Pressures Intrude: A.M. Best Captive insurance firms in the United States are feeling the squeeze of an ongoing soft insurance market, low investment yields and a bleak ... Gov’t Agency Probes Mortgage Insurance Deals From Countrywide, AIG The government's consumer finance watchdog is investigating mortgage insurance deals between banks and the insurers American International ... Liberty Mutual Announces Realignment; Names Four Unit Executives Boston-headquartered insurance giant Liberty Mutual said it is realigning its strategic business units. The company — which reported... More National News East Captive Insurance Industry to Gather in Burlington, Vt., This Week More than 1,000 professionals from the captive insurance industry are gathering in the Burlington area this coming week for a major ... N.Y. Pilot Program Allows Colleges to Self-Fund Student Health Plans A pilot program now underway in New York State will allow large universities to self-fund student health plans, with the goal of providing ... WKFC Underwriting Managers Appoints Chief Casualty Officer in New York Melville, N.Y.-based WKFC Underwriting Managers has appointed Adam Schnell as chief casualty officer. In his new role, Schnell will focus ... Conn.-Based Medical Liability Insurer CMIC Names Underwriting Director CMIC, a Glastonbury, Conn.-based carrier offering medical professional liability insurance in New England, has appointed Edward Carroll as ... More East News Midwest FEMA Declares Disaster In NW Wis. Due To Flooding The Federal Emergency Management Agency has declared a major disaster for three northwestern Wisconsin counties due to flood damage in ... Fort Wayne Storm Damage Nearly $2M, Likely To Rise A severe thunderstorm that toppled thousands of trees in Fort Wayne, Ind. has cost the city nearly $2 million for cleanup work that ... Jacobsen Joins Lockton Omaha Lockton Omaha named Shane Jacobsen vice president and producer on its health and welfare team in Omaha, Neb. Jacobsen will be responsible ... More Midwest News Southeast Mississippi Law Calling for Hurricane Mitigation Credits Takes Effect Mississippi residents along the state's coastline who are building new homes or chose to strengthen their current homes against hurricane ... Florida Regulators Question Auto Insurance Savings Florida regulators are warning that a preliminary report estimating a new law will cut no-fault auto insurance premiums by 12 percent to 20 ... Tennessee Spells Out Qualifications for Exempt Commercial Risk Policyholders Tennessee regulators have issued a new form to allow large companies to qualify as an exempt commercial risk policyholder and purchase ... Officials: 3 West Virginia Deaths Attributed to June Storm West Virginia health officials believe three people died as a result of derecho storm that swept through the state during a major heat wave ... USDA Awards $2.8M for Fayette County, W.Va., Flood Project A flood mitigation project in Fayette County, West Virginia, is getting $2.8 million in federal funding. The funding from the U.S. ... More Southeast News South Central Texas Auto Complaints Hit Record Low Texas motorists filed the fewest number of complaints against their automobile insurance company since the records began at the Texas ... Settlement Reached In Texas Shakedown Lawsuit A small East Texas town and the county where it's situated will implement procedures aimed at stopping racial profiling to settle a class ... Insurance Council's 7th Annual Hurricane Tour Stresses Preparation Be prepared. That's the message insurance agents, National Weather Service meteorologists and a bilingual public affairs spokesperson ... More South Central News West Confie Seguros Acquires Stonewood in California Confie Seguros has acquired Stonewood Insurance Services Inc., an agency that specializes in writing California non-standard personal ... Philanthropist’s Death Sparks Unusual Lawsuit When former model and philanthropist Phyllis Harvey died last year at the age of 59, little note was taken. Brief paid obituaries appeared ... Washington Announces New Rain Runoff Requirements Washington state will begin requiring municipalities to use "rain gardens'' and pervious pavement in new urban developments to combat ... More West News International Peak Sun Cycle Threatens Satellites, Power Grids from Space Storms The delicate threads that hold modern life together are dramatically cut by an unexpected threat from outer space, with disastrous effects. ... Willis Warns Directors D&O Policies May Not Cover Some Cyber Risks Willis Group Holdings latest Executive Risks Boardroom Guide warns that, as the online universe expands it has "introduced new financial ... UPDATE: TS Ernesto Crossing Caribbean; AIR Analysis Tropical Storm Ernesto is continuing along the track forecast by the National Hurricane Center in Miami, as it crosses the southern ... Allianz Expresses Concerns over Central Banks Role in Libor Scandal Europe's biggest insurer, Allianz SE, is worried about the role central banks may have played in an interest rate rigging scandal that has ... Earnings Reports: Catlin Group, RSA Selected earnings highlights in US dollars from the Bermuda-based Catlin Group for the first six months of 2012 are as follows:   ... Earnings Report: RenaissanceRe Selected earnings highlights from Bermuda-based RenaissanceRe for the second quarter and the first six months of 2012 are as follows:   ... Best Sees No Change In Tower Group Ratings from Canopius Merger A.M. Best Co. has commented that the issuer credit rating (ICR) and debt ratings of Tower Group, Inc. (TWGP), as well as the financial ... Aon Benfield Appoints Summers Global CEO Facultative Re Division Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Plc, announced the appointment within its facultative division ... More International News Sponsored Content Meet Marine Jeff Combs, Swett Warrior who lost his arm in Iraq Check it out. More Sponsored Content Join the Insurance Journal Network Insurance Journal TV New PURE Program Provides Extra Flooding Services for High-Value Homeowners A new flood coverage suite from Privilege Underwriters Reciprocal Exchange, or PURE, now... Watch Now Agency Capitalizes on Obamacare Shawn Pynes, principal with Barney & Barney, discusses the benefits business following... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Agent no legal duty to inform on cancellations? Posted: Fri Aug 3 -- I think the major conflict is an agency trying to balance the valid pursuit of revenue versus the continuing 'enabling' of perpetual late... d's insurance store D&O for Non Profit Posted: Fri Aug 3 -- Thanks to all for your responses. I now have a place to start. aikijujitsu2001 Track Your CSR's Daily Sales Activity Posted: Thu Aug 2 -- "If the csr is doing their job they will not have time to write down ever phone call." I have to comment on this statement, with a... Brenda H CPCU ?? Posted: Tue Jul 31 -- If you have experience in life issues, what is your goal? it is difficult to maintain an expertise is every line of insurance. I am... mccluney National Agents Alliance? Legit or Keep Away? Posted: Mon Jul 30 -- Dallas Viper should go to work for Farmers Ins. They sell the same load of c--p too. Since he believes in Fairy Tales he would fit right in... Presl70 painting contractor in Ca for Comp Posted: Mon Jul 30 -- Insured has been out of force for 45 days approximately. $100000 in payroll. Inside and outside painting. class code 5482. No... trotter AMS360 for accounting? Posted: Mon Jul 30 -- I found these two insurance journal articles to explain a lot about how accounting should function. Then maybe consider which systems can... Riskmaster Go to Forums Reader Comments Md. Catholics Embark on 100-Mile Walk to Protest Birth Control Coverage Posted: Wed Aug 1 -- All of these posts togather is a great illustration of why "we" cannot even agree on the color of poop these days. I'm not Catholic and I... Little Frog Va. Court: Waiter's Choking on Quesadilla Didn't Arise Out of Employment Posted: Thu Aug 2 -- To comment on this I had to put myself in both situations. I would have done things very differently than TGIF Corporation. I also agree... other California Court Reinstates Lawsuit Against Glock Posted: Tue Jul 31 -- The Glock has a trigger safety so that the weapon doesn't fire unless someone pulls the trigger. The amount of strength necessary to pull... Chris L.A. County Pays $2M To Settle Deputy Force Suits Posted: Thu Aug 2 -- These idiots that are getting rewarded, all had issues to begin with. It's so easy to blame the police for wrong doing! Try making a... incognito India Power Failure Hits Millions; Among World's 'Worst Blackouts' Posted: Wed Aug 1 -- Wonder how many American corporation's help desk call centers went off line? 60% - 70%? Ins Guy Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue August 6, 2012 Top 100 Retail Agencies; Homeowners & Condos; Autos 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 Lines Account Manager Marketing Representative Commercial Producers Territory Marketing Manager 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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