Daily Headlines: Wednesday, November 25, 2009

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November 25, 2009

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Today's Headlines National Stanford Sues Lloyd's of London for Defense Fees Under D&O Policy Allen Stanford, who faces U.S. criminal and civil charges for allegedly leading a $7 billion Ponzi scheme, is suing Lloyd's of London for... Chief Says U.S. Consumer Product Agency Acted Too Slowly on Crib Safety The head of the Consumer Product Safety Commission conceded the agency "hasn't been acting as quickly as it should'' on crib safety... Best Downgrades Kingsway and Several Subsidiaries Ratings A.M. Best Co. has downgraded the issuer credit ratings (ICR) and senior debt ratings to “ccc” from “b-” of Canadian... More National News East New York Regulator Proposes Changes to No-Fault Insurance Coverage The New York State Insurance Department is proposing new regulations for no-fault auto insurance coverage in Empire State, in a move the... Maine Cops Say Baked Beans Plant Fire Was Arson Fire investigators say a fire that damaged the B&M Baked Beans factory in Portland was arson. Portland fire officials say the fire in a... Pittsburgh Insurance Agency Employee Steals $432K The former bookkeeper for a Pittsburgh insurance agency has pleaded guilty to mail fraud for stealing more than $432,000 from the... More East News Midwest Toyota Recalls 110,000 Tundras in U.S. for Corrosion Toyota Motor Corp. will recall about 110,000 older model Tundra pickup trucks in the United States due to corrosion problems, the U.S.... Bill Would Extend Tax Relief for Midwest Disaster Victims Iowa Sen. Chuck Grassley wants Midwest disaster victims to have more to time to benefit from tax relief intended to help with the repair or... Missouri to Distribute $75M to General American Policyholders More than 300,000 current and former policyholders of General American Life Insurance Co. will soon receive $75 million in distribution... More Midwest News Southeast Georgia Jury Awards $100K in Finding 'Red Hat' Novel Libelous A jury in Gainesville, Georgia has decided that an author libeled a former friend in a novel. The jury found that Haywood Smith's novel... Mississippi Grand Jury Indicts 9 in Auto Chop Shop Probe A Prentiss County, Mississippi grand jury has indicted nine people on charges related an investigation into a chop shop. Sheriff Randy... Universal Orlando Fined Over Theme Park Accident Universal Orlando has been fined and ordered to make changes over a July accident at its Islands of Adventure theme park. The Occupational... More Southeast News Texas / South Central Analysis: Despite Economy, Louisiana-Based Companies Growing Despite the complexities of the nation's worst economic downturn in decades, some Louisiana-based companies are showing surprising... More Texas / South Central News West The Buckner Company Acquires Flying J Insurance Services Salt Lake City-based The Buckner Co. has entered into a definitive agreement to purchase Flying J Insurance Services effective Jan. 1, 2010,... More West News International Ratings Recap: BNY Trade, Qatar General A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating of 'A-' (Excellent) and issuer... More International News

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Daily Headlines: Wednesday, November 25, 2009

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November 25, 2009

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Today's Headlines National Stanford Sues Lloyd's of London for Defense Fees Under D&O Policy Allen Stanford, who faces U.S. criminal and civil charges for allegedly leading a $7 billion Ponzi scheme, is suing Lloyd's of London for... Benmosche Agrees to Stay As AIG Board Approves His $7 Million Pay American International Group Inc., the insurer that received billions of dollars in a U.S. bailout, has been authorized by its board to pay... Best Downgrades Kingsway and Several Subsidiaries Ratings A.M. Best Co. has downgraded the issuer credit ratings (ICR) and senior debt ratings to “ccc” from “b-” of Canadian... NIP Expands with Acquisition of San Diego Executive Benefits Firm Texas-based risk management, executive compensation and benefits and corporate governance firm, NIP Inc., has acquired Retirement Capital... Feldhaus Wins Founders Award from PLUS The Professional Liability Underwriting Society (PLUS) has recognized Dr. William Feldhaus with the organization’s 2009 PLUS Founders... What Movies Teach us About Insurance In June of 2005, the American Film Institute (AFI) released its 100 greatest or most memorable movie lines from the first 100 years of film.... More National News East New York Regulator Proposes Changes to No-Fault Insurance Coverage The New York State Insurance Department is proposing new regulations for no-fault auto insurance coverage in Empire State, in a move the... Pittsburgh Insurance Agency Employee Steals $432K The former bookkeeper for a Pittsburgh insurance agency has pleaded guilty to mail fraud for stealing more than $432,000 from the... Patterson-McKenna Insurance Joins Bollinger New Jersey-based Patterson-McKenna Insurance Agency Inc. (PMA) has joined Bollinger Insurance brokerage. The agency provides a wide array... Balboni to Head P/C Practice at William Gallagher Associates Boston-based insurance brokerage William Gallagher Associates (WGA) has named Jamie T. Balboni as the new head of its Property &... More East News Midwest Bill Would Extend Tax Relief for Midwest Disaster Victims Iowa Sen. Chuck Grassley wants Midwest disaster victims to have more to time to benefit from tax relief intended to help with the repair or... Ohio Senator Wants to Eliminate Workers' Comp Insurance for Illegals A Republican state senator in Ohio wants to prohibit the nation's largest state-run injured worker insurance program from providing benefits... Missouri to Distribute $75M to General American Policyholders More than 300,000 current and former policyholders of General American Life Insurance Co. will soon receive $75 million in distribution... More Midwest News Southeast Change to Tennessee Workers' Compensation Mandate in Doubt A special legislative session to reconsider a pending change to workers' compensation insurance requirements in Tennessee should only take... Miami Condo Association Sues QBE Insurance Over Hurricane Claims A Miami condominium association is suing its insurer, QBE Insurance Corp., and its Florida general managing agent, for more than $500... Lawn Mower Is Not a Motor Vehicle, Georgia Court Rules A riding lawn mower may have four wheels, a powerful engine and can cost as much as a used car. If it's stolen, however, the Georgia... More Southeast News Texas / South Central Analysis: Despite Economy, Louisiana-Based Companies Growing Despite the complexities of the nation's worst economic downturn in decades, some Louisiana-based companies are showing surprising... More Texas / South Central News West Alaska Prison Guard Wins Workers' Comp Case The Alaska Supreme Court ruled a former prison guard at the Anchorage Jail deserves workers' compensation for the psychological problems he... Hawaii Flood Damage Worst in Hanalei The Hanalei community on Kauai was hit with 13 inches of rain in 24 hours last week, and bore the brunt of the storm's flood damage. County... Colorado Researchers Admit Missing Hurricane Prediction Colorado-based weather researchers say three hurricanes formed in the Atlantic this year, two fewer than they predicted before the season... AIG Hawaii Becomes Farmers Insurance AIG Hawaii Insurance Company, Inc. has announced that it is changing its name to Farmers Insurance Hawaii, Inc. – heralding in a new... The Buckner Company Acquires Flying J Insurance Services Salt Lake City-based The Buckner Co. has entered into a definitive agreement to purchase Flying J Insurance Services effective Jan. 1, 2010,... Island Insurance Offers EPLI Coverage Honolulu-based Island Insurance Co. Ltd. has launched its new Employment Practices Liability Insurance (EPLI) and Cover Choice products for... Momentous Launches Restaurant Insurance Specialty Practice Momentous Insurance Brokerage of Van Nuys, Calif., has launched a restaurant insurance specialty practice. Some of the risk management... More West News International Beazley Starts Trading through the Lloyd's Exchange Lloyd's and international insurer Beazley announced that underwriters placing business for the company now have access to the Lloyd’s... Marsh Launches Lottery and Gambling E&O Coverage Marsh's London office announced that it has launched a new errors and omissions (E&O) insurance product for the suppliers of lottery and... Aon, Chubb Warn Isle of Man Directors on Possible Coverage Gaps Aon and Chubb Corp. have advised Isle of Man directors that they "may need to go beyond simply complying with new Financial Services... Max Cap Appoints Kalainoff President- Reinsurance Operations The Bermuda-based Max Capital Group has appointed David Kalainoff as President of Reinsurance Operations. He joined Max in 2003, most... More International News Join the Insurance Journal Network Insurance Journal TV NAPSLO's Next Generation The insurance industry has taken a keen interest in finding future workers with the knowledge... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums A new type of Agency Management System Posted: Tue Nov 24 -- Thank you for the input guys. I am proposing a different model then what exists today. There will be two modules: Agency management and... edmundich Company Rating Structures Posted: Tue Nov 24 -- I think that this is what got Progressive in trouble with the FEDS when they had their... gregcw Healthcare Reform Posted: Tue Nov 24 -- What everyone seems to be talking about is INSURANCE reform - not HEALTH CARE reform. Big Difference. Insurance is not now - nor... Joatmon Sexual Harassment Posted: Mon Nov 23 -- Sexual harassment coverage is provided under the EPL policy (both defense & indemnity). If you would like help in placing this type of... TyieMoore Go to Forums

Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue Contractors & Builders; Long-Term Healthcare Liability; Top Personal Lines Retail Agencies; Bonus: 2010 Regional Wall Calendar for Agents November 16, 2009 Download Full Issue 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 Associate Editor - Insurance Journal B2B Insurance Sales Salary Plus Inland Marine Production Underwriter 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. Reader Poll This poll has been disabled

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Daily Email Nov 25, 2009 SEARCH | LATEST LISTINGS | FORUMS | SUBMIT A MARKET | MY FAVORITE MARKETS Find a Market: Go to Our Search Page Pest Control Operator November 14, 2009 Brownyard PCOpro, is a state-of-the-art insurance policy for the established pest control operator (PCO), designed by Brownyard Group. In addition t ... (Click here for details) Coverage Areas: Professional Liability Coverages: Misc. Professional Liability States: AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, DC, WV, WI Vacant - Residential November 08, 2009 Does your vacant residential program offer phenomenal rates printed right on the application? How about binding authority in your office? We have on ... (Click here for details) Coverage Areas: Property--Residential Coverages: Vacant Property States: MI Bed and Breakfast Inn November 02, 2009 S.I.U., LLC offers coverage to dwelling structures owned and operated by the insured as a bed and breakfast inn. ... (Click here for details) Coverage Areas: Hospitality Coverages: Bed & Breakfasts States: CA Social Service Orgs -501(c)(3)Nonprofits October 31, 2009 Alliance of Nonprofits for Insurance, Risk Retention Group (ANI-RRG) currently insures more than 2,700 nonprofits in 24 states plus DC. Stable liabili ... (Click here for details) Coverage Areas: Non-Profit & Related Coverages: Social Services Organizations States: CA, CO, CT, DE, GA, HI, ID, IL, IA, KS, MD, MI, MN, MO, NE, NV, NC, OH, OR, PA, UT, VA, WA, DC Personal Watercraft November 14, 2009 Britt/ Paulk offers national admitted coverage for personal watercraft with coverage that extends to all U.S> and Canadian waters with Multiple Ded ... (Click here for details) Coverage Areas: Marine Related Coverages: Jet Ski/PWC States: AL, AK, AZ, AR, CA, CO, CT, DE, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, ND, OH, OK, OR, PA, RI, SD, UT, VT, VA, WA, DC, WV, WI, WY Articles What Movies Teach us About Insurance In June of 2005, the American Film Institute (AFI) released its 100 greatest or ... (Read the entire article) Clear Insurance Policy: A Closer Look At Document Language Insurance companies are taking another rhetorical beating-this time as a part of ... Latest Forums Recent Threads From "Submit Your Market Request Here" Discussion Title 1. Carting Client I need GL, Auto for a roll-off container, carting and haulin ... (Click for more) 2. Auto and GL for Paratransit Can anyone write a start up non-emergency transportation veh ... (Click for more) 3. GL for a welder in NJ Small one man operation welding company, has plenty of indus ... (Click for more) 4. General Liability for experienced Welder Needing market for experienced welder General Liability cove ... (Click for more) 5. small contractors I Need market for small contactors with direct billing. onli ... (Click for more) Recent Threads in "Managing Your Business" Discussion Title 1. Insurance Alliance Suggestions? I am currently a captive agent and planning to "break away" ... (Click for more) 2. Advice on new Agency management system Currently have AMS Prime but looking at QQSolutions, any fee ... (Click for more) 3. Marketing - What Works? I have a two year old P&C agency and am not happy with the g ... (Click for more) Recent Threads in "I Have a Question" Discussion Title 1. Producer commissions New agent needs advice on best way to track business and com ... (Click for more) 2. Workers Compensation Audits I have a trucking client that was audited in 2006 by his Wor ... (Click for more) 3. Domestic WC- coverage for trips overseas? I have a risk that is going to Afghanistan for business deve ... (Click for more) Member Tools Join Unsubscribe Send To A Friend Contact Us Advertise With Us! Contact: Kristine Honey MyNewMarkets 1-800-897-9965 x 132 info@mynewmarkets.com Advertising Rates

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Insurance Journal Classifieds Alert: Wednesday, November 25, 2009

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November 25, 2009

In this Issue Job Openings • Auditors and Inspectors • Claims Manager • Claims Vice President • Management • Operations Management • Publishing • Sales / Marketing • Underwriter / Underwriting Agencies For Sale / Wanted • Agencies For Sale • Agencies Wanted Other Opportunities • Program Administration Services • Software • Working / Venture Capital Agencies For Sale Independent Agency 4 Sale - FT Lauderdale - $450,000 Established 37 Years. Well known & advertised Independent representing A+ Carriers & other good companies. Personal & Commercial Auto & Homeowners. 6... Location: FT Lauderdale, FL Several Independent Insurance Agencies For Sale Several Agencies for Sale including Personal and Commercial Lines. Visit www.ganisco.com and click "View Listings" to learn more about the agencies... Location: CA More Agencies For Sale Opportunities [return to top] Agencies Wanted Ready To Retire? So. Cal Agencies Roger Stone Insurance Agency has cash to pay for your So. Cal agency. Or, convert your sale to a lifetime annuity or pay you a monthly commission for... Location: Southern California, CA All Lines Insurance Agencies Wanted Considering selling your agency but have no idea where to start? Ex-Agency Owner and 20 year insurance veteran can help you prepare and present your... Location: CA A Great Business Opportunity...Go Independent!!! The Woodlands Financial Group... "Top 100 P&C Independent Agencies" in the nation*!!! *Insurance Journal July 2006 TWFG can assist you in starting... Location: The Woodlands, TX Southern Cal. Agencies Wanted Looking for property & casualty insurance agencies to purchase in the Southern California area. We are an independent agency in San Diego, that is... Location: Poway, CA More Agencies Wanted Opportunities [return to top] Auditors and Inspectors 2 positions - VP of Audit & Controller and Financial Analyst We Serve the People Who Serve the People For nearly 60 years, CSE Insurance Group companies have been committed to providing top-quality auto,... Location: San Francisco / Walnut Creek, CA More Auditors and Inspectors Opportunities [return to top] Claims Manager P & C Commercial Casualty Claims Manager About the Job: Great work environment, where people enjoy coming to work and where people are recognized and appreciated. Reporting to the V.P. of... Location: Woodland Hills, CA More Claims Manager Opportunities [return to top] Claims Vice President Vice President of Claims - Commercial P & C About this Job: This is a high-level position that will have overall responsibility for the Company's entire claims department. The successful... Location: Woodland Hills, CA More Claims Vice President Opportunities [return to top] Management Marketing Director - (JP10225) Grange Insurance Association is a 115-year-old regional company, rich in heritage, writing primarily preferred personal auto, home and farm. We work... Location: Seattle, WA More Management Opportunities [return to top] Operations Management Director of Operations - Claim Come for the career. Stay for the satisfaction. Know the difference. At Travelers, we offer more than insurance coverage for our clients. We offer... Location: Houston, TX More Operations Management Opportunities [return to top] Program Administration Services Brownyard Programs Guards * Investigators * Alarms GL/Professional Umbrella * WC * Crime 1-800-665-7304 www.brownyardprograms.com Location: NY More Program Administration Services Opportunities [return to top] Publishing Associate Editor - Insurance Journal Job Description: The individual in this position is responsible for growing viewership of, membership in and traffic to our websites through the... Location: San Diego, CA More Publishing Opportunities [return to top] Sales / Marketing B2B Insurance Sales Salary Plus Our client, a Chicago area insurance firm that has received numerous awards for extraordinary service and for its high-quality work environment is... Sales Executive Position I. Job Summary: Sells ReSource Pro's services to new clients. Responsible for developing new leads and prospects. Promotes ReSource Pro's services as... Location: New York, NY Sales and Business Development Manager - Base salary plus commissions Job location: Dallas, TX Description: Research opportunities for our current roadside assistance programs, as well as other new products as they are... Location: Dallas, TX Marketing Representative - Part time Job location: Greater Chicago area Part-time, approximately 16 hours a week. Minimum 5 years experience. Residence based. Call on existing producers... Location: Il More Sales / Marketing Opportunities [return to top] Software FREE Web-based Insurance Management System Free IMS: A multi-user, web-based insurance management system for reciprocal medical liability insurance providers - www.insurancesoft.com Features:... Location: Matawan, NJ More Software Opportunities [return to top] Underwriter / Underwriting Inland Marine Production Underwriter This is a Senior Production Underwriting position for the Inland Marine line of business, within the MW Region. • Advanced and specialized... Location: WI More Underwriter / Underwriting Opportunities [return to top] Working / Venture Capital Need money to grow your business? Need capital to buy an agency? Finally a commercial lender that understands the insurance industry and the true value of renewal commissions! Oak Street Funding (OSF) is a national... Location: IN More Working / Venture Capital Opportunities [return to top]

Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue Contractors & Builders; Long-Term Healthcare Liability; Top Personal Lines Retail Agencies; Bonus: 2010 Regional Wall Calendar for Agents November 16, 2009 Download Full Issue 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 How to Advertise For information on posting your classified ads in this newsletter, Insurance Journal Online and Insurance Journal Magazine, contact Nicola Coghill or Purchase Online.

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Copyright © 2009 by Wells Publishing, Inc.