|
|
Tuesday,
09/07/10
|
Your Insurance News "Strategic Relationship"
|
|
|
|
|
Insurance Webinars offers a complete
turn-key
system,
including building a list of attendees.
View Media Kit
Daily Quote:
- "It is idle to dread what you cannot avoid." - Publius Syrus
- "The rose is fairest when 't is budding new, and hope is brightest when it
dawns from fears." - Walter Scott
- "The great blessings of mankind are within us, and within our reach; but we
shut our eyes, and, like people in the dark, we fall foul upon the very
thing we search for, without finding it." - Seneca
- "Our greatest glory is not in never falling but in rising every time we
fall." - Confucius
- "Too low they build, who build beneath the stars." - Edward Young
- "If you wait until all
the lights are "green" before you leave home, you'll never get started on
your trip to the top." - Zig Ziglar
- "Do not anticipate trouble, or worry about what may never happen. Keep in
the sunlight." - Benjamin Franklin
NOTE: This Headlines Edition of INSURANCE
NEWSCAST published Monday - Friday requires no subscription fee, however, we
will be introducing an opt-in form to continue to receive the newsletter via
e-mail after September 30th. To read the complete content of the news articles
at www.insurancebroadcasting.com
requires a $17.00 annual subscription fee.
As we transition our services to a format that will support richer content and a more rewarding
and interactive encounter, we look forward to a continued and long-term
relationship with you.
|
|
INSURANCE NEWS MAJOR HEADLINES |
Obama To Announce $50 Billion in Infrastructure Job Plan - (Reuters) –
President Barack Obama will announce on Monday a six-year plan to revamp the
United States’ aging roads, railways and runways with a $50 billion up-front
investment to jump-start job creation. The plan is one of several economic
initiatives that Obama is due to unveil this week aimed at generating some
desperately needed U.S.
Insurance Regulators Hire Blackrock For CMBS
Review -
NEW YORK, Sept 3 (Reuters) – The National
Association of Insurance Commissioners has
hired Blackrock (BLK.N) to expand an
assessment of risky debt held by insurers to
commercial mortgage-backed securities, the
NAIC said late on Thursday. The review of
more than 7,00O CMBS holdings follows an
effort last year on residential debt,
completed by Blackrock rival Pacific
Investment Management Co.
WHO DAT Flood Vent? New Orleans Resident Saves
$1,000/year on NFIP Premium with SMART VENT
- NEW ORLEANS–(Business Wire)– Gulf residents
received two pieces of good flood insurance
news in recent weeks: first, the extension
of the National Flood Insurance Program (NFIP)
passed the Senate after a period where its
fate appeared uncertain; second, the
Louisiana Insurance Commissioner Jim
Donelon verified that certain types of oil
spill damage would be covered by NFIP
policies. A recent poll, however, indicates
that many homeowners in the Gulf region have
a worrying lack of comprehension of the
basics of the NFIP.
Banks Admit Better Disclosure On Bonuses Needed - (Reuters) – Banks have
acknowledged they need to be more open about the size of their bonus pools
and the methodology for paying star bankers after making progress in other
areas of reforming pay structures. More policy changes are needed to reduce
the excessive risk taking that was blamed for contributing to the global
financial
Sebelius announces 1 million Medicare beneficiaries have received
prescription drug cost relief under the Affordable Care Act - Affordable
Care Act making Medicare stronger and more secure for seniors and people
with disabilities WASHINGTON, DC- U.S. Department of Health and Human
Services Secretary Kathleen Sebelius today announced that more than 1
million Medicare beneficiaries have received prescription drug cost relief
through the Affordable Care Act. As part of the health insurance
reform law’s
Best’s Review: Aon Benfield Top-Ranked Reinsurance Broker - OLDWICK,
N.J.–(BUSINESS WIRE)–The September issue of Best’s Review presents its
fourth annual listing of top global reinsurance brokers ranked by 2009
brokerage revenues. The top 10 global reinsurance brokers are: 1.
Aon Benfield 2. Guy Carpenter & Co. 3.
Willis Re 4. Cooper Gay (Holdings) Ltd. 5.
Towers Watson 6. JLT Reinsurance Brokers Ltd. 7.
Australia’s IAG expects reinsurance to cover NZ quake claims - (Reuters)
– Insurance Australia Group said on Monday it expects claim costs from the
weekend’s earthquake in New Zealand to be fully covered by its reinsurance
arrangements. It said it was too early to determine the extent of damage in
Christchurch. (Reporting by Sonali Paul)
Wage Stagnation Ranks as Most Common Impact of Recession, New Poll Finds
- WASHINGTON, Sept. 5 /PRNewswire/ — Of all the economic adversity resulting
from the recession, declining or stagnating wages are the problem hampering
the largest number of American voters, according to a public opinion poll
released Thursday by the labor federation Change to Win. The poll
results were first reported by the blog Daily Kos.
CNA Announces Risk Control Webinars on
Employment Risks - CHICAGO–(BUSINESS
WIRE)–All companies face a number of
employee-related risks and challenges, from
dealing with an aging or obese workforce to
insurance fraud and drug testing mistakes.
To help these companies better understand
these risks and applicable risk control
solutions, the Risk Control unit of CNA
insurance companies has created a series of
Webinars offered on
CNA Enters into Agreement with RSA to Expand
Global Network of Its International Unit
- CHICAGO–(BUSINESS WIRE)–CNA insurance
companies announced an agreement with RSA
(formerly Royal Sun Alliance) that provides
U.S.-based corporations with access to RSA’s
global network. This new relationship will
expand CNA’s reach to India, South Africa
and Australia, as well as many Latin
American countries. The agreement
supplements, but will not discontinue CNA’s
current, 16-year alliance with
Secretaries Sebelius and Duncan Announce
National Coalition to Enroll Uninsured Kids
in Health Care - The Urban Institute’s
Genevieve Kenney presents new report on
states’ success enrolling target populations
in Medicaid and CHIP WASHINGTON–(BUSINESS
WIRE)–U.S. Department of Health and Human
Services Secretary Kathleen Sebelius and
U.S. Department of Education Secretary Arne
Duncan today highlighted the Connecting Kids
to Coverage Challenge to enroll five million
children in Medicaid and CHIP within
Mariner Real Estate Management Acquires $760
Million FDIC Real Estate Loan Portfolio
- LEAWOOD, Kan.–(BUSINESS WIRE)–Mariner Real
Estate Management, LLC, (MREM) a real estate
investment and management firm, which is
part of Mariner Holdings, LLC, (Mariner), a
$7 billion wealth and asset management
company, announced today the closing of a
structured transaction with the Federal
Deposit Insurance Corporation (FDIC). The
transaction involves the purchase of a
portfolio consisting
Medical Payments to Injured Workers in
Illinois Showed Slower Growth, Says WCRI
Study - CAMBRIDGE, Mass.–(BUSINESS
WIRE)–Medical costs per workers’
compensation claim in Illinois showed slower
growth in 2007 following implementation of
the medical fee schedule in 2006, according
to a study from the Workers Compensation
Research Institute (WCRI). The study,
Monitoring the Impact of Illinois Regulatory
Changes: CompScopeTM Medical Benchmarks,
10th Edition, reported that growth in
medical costs
Russia Needs Mandatory Insurance After
Fires-Kremlin - (Reuters) – Russia
should consider reintroducing mandatory fire
insurance for homes after the state had to
spend millions of dollars rebuilding houses
destroyed by wildfires, President Dmitry
Medvedev said on Monday. Unlike developed
economies, insurance is still a nascent
market in Russia, risking bankruptcy for
farmers and leaving the government to bear
the cost of
China Allows Insurers To Invest In PE,
Property - * New investment channels
long expected * Insurers may invest up to 5
pct of assets in PE * They may invest up to
10 pct in property * Insurers barred from
venture capital, property development (Adds
analyst quote, background) By Samuel Shen
and Melanie Lee SHANGHAI, Sept 6 (Reuters) –
China will allow insurers
Sword Insurance Expands into new Boston
Headquarters - Sword AgencyPort’s
Portsmouth, NH Project Delivery Office also
expands. BOSTON–(BUSINESS WIRE)–Sword
Insurance (a Sword Group division), the
provider of leading solutions in
distribution, policy administration,
customer service and business intelligence
for the property and casualty insurance
industry, has relocated its North American
headquarters to 51 Sleeper Street in Boston,
Mass. as of August 30, 2010.
Industrial Alliance Acquires Golden State
Mutual Business - In-force policies
assumed under reinsurance agreement QUEBEC
CITY, Sept. 3 /PRNewswire-FirstCall/ –
Industrial Alliance Insurance and Financial
Services Inc. (“Industrial Alliance” or “the
Company”) announces that it has completed
today the acquisition of the in-force life
policies of California-based Golden State
Mutual (GSM). The transaction was carried
out through the Company’s wholly-owned U.S.
subsidiary IA
Analysis: “Flash Crash” Politicizes Stock
Market - By Jonathan Spicer NEW YORK |
Thu Sep 2, 2010 4:55pm EDT NEW YORK
(Reuters) – Lawmakers pitching remedies for
the U.S. stock market have politicized
obscure concepts such as naked access and
high-frequency market-making and ratcheted
up pressure on regulators following the May
“flash crash” that rattled investors. At
least six U.S. senators and
Fed’s Evans Says Financial Reform Will Not
Be Easy - CHICAGO | Fri Sep 3, 2010
9:58am EDT CHICAGO (Reuters) – Overhauling
the U.S. financial system after the worst
crisis since the 1930s will not be easy, but
it is critical, Federal Reserve Bank of
Chicago President Charles Evans said on
Friday. One key to preventing future crises
will be a heightened role for clearinghouses
Heavy In Dollars, China Warns Of
Depreciation - By Zhou Xin and Simon
Rabinovitch BEIJING | Fri Sep 3, 2010 8:34am
EDT BEIJING (Reuters) – China on Friday
offered a rare glimpse into its foreign
exchange reserves, confirming that they are
overwhelmingly allocated in dollars, while a
central banker said the mountain of cash
could face depreciation risks. The Chinese
government’s currency reserves,
CIGNA Names Tom Dameron President and
General Manager for Mountain States Region
- 25 Years of Experience in the Healthcare
Industry in Colorado and the West
•Responsibilities Include: Colorado,
Wyoming, Utah and New Mexico
DENVER–(BUSINESS WIRE)–CIGNA Corporation
announced today the appointment of Tom
Dameron as president and general manager for
CIGNA HealthCare, mountain states region.
“We are delighted that Tom has joined the
CIGNA team” Dameron serves as
Humana Names Stephen Macias Specialty Market
President in Northern California -
WALNUT CREEK, Calif.–(BUSINESS WIRE)–Humana
Inc. (NYSE: HUM) announced that Stephen
Macias has been appointed market president
for the company’s specialty-product business
in Northern California, effective today. In
this role, Macias will be responsible for
sales of Humana’s specialty products, such
as vision, dental, life and workplace
disability, in Northern California. Based in
Walnut Creek, Macias
|
LEGAL / COMPLIANCE / REGULATION |
California Ends 2010 Legislative Session
- SACRAMENTO, CA, September 2, 2010 –
California’s 2010 legislative session
adjourned on Tuesday, August 31 and
primarily focused on the state’s $19 billion
budget deficit but the legislature did
consider a number of significant
property-casualty issues according to the
American Insurance Association (AIA). “Given
the struggling economy and the ongoing
budget deficit, insurance was not
|
|
 |
|
Google Faces Texas AG Inquiry, Settles
Privacy Suit - SAN FRANCISCO | Fri Sep
3, 2010 8:01pm EDT (Reuters) – Google Inc
said on Friday it was the target of an
investigation by the Texas Attorney
General’s office into the fairness of its
search engine rankings. The world No. 1
search engine company said the probe is the
first by a U.S. legal authority
Apple’s Jump Into Social Networking Not A
Slam-Dunk - By Antony Bruno Fri Sep 3,
2010 10:11pm EDT DENVER (Billboard) – For
all the innovations Apple has brought to the
market through the years, it’s also a pretty
good follower. The iPod is a perfect
reflection of this. It wasn’t the first MP3
player to hit retail shelves. It was just
the best, and
|
|
INSURANCE WEBINARS SCHEDULE |
|
|
"Identity Theft - The Next MEGA
Market"
Thursday, September 9th at 11:00am EST - 10:00am CST (Duration - 1Hr)
Tuesday, September 14th at 2:00pm EST - 1:00pm CST (Duration - 1Hr)
Registration
Information
The Growing Issue Of Elder Caregiver Stress In
The Workplace
Thursday, September 16, 2010,
11:15 a.m. - 11:45 a.m. EDT
Registration Information
|
|
Subscribe To Insurance
Broadcasting
"Complete" Web Content
Only $17.00 a year - less than 5 cents a day.
http://insurancebroadcasting.com/manage-subscription-subscribe/ |
INSURANCE NEWSCAST "Pictures Of
The Day"
 |
|
U.S. President Barack Obama (C) walks with Israeli
Prime Minister Benjamin Netanyahu (2nd L), Palestinian President Mahmoud Abbas
(2nd R), Jordan's King Abdullah II (R) and Egypt's President Hosni Mubarak
through Cross Hall on their way to the East Room for Middle East peace talks at
the White House in Washington September 1, 2010. REUTERS/Jim Young |
| |
 |
|
New Zealand's Prime Minister John Key (R) and city
mayor Bob Parker (C) survey the damage to buildings in central Christchurch
after a 7.1 magnitude earthquake hit the city September 4, 2010. REUTERS/Simon
Baker |
| |
 |
|
Bono, lead singer of Irish rock band U2, shakes
hands with Sumeyye Erdogan (R), daughter of Turkey's Prime Minister Tayyip
Erdogan, in Istanbul September 5, 2010. U2 will perform at Istanbul's Ataturk
Olympic stadium on Monday as part of their 360 Degree Tour. REUTERS/Ibrahim Usta/Pool
|
| |
 |
| Canadian Paralympic athlete
Chantal Petitclerc (L) is awarded the rank of Companion in the Order of Canada
by Governor General Michaelle Jean at Rideau Hall in Ottawa September 3, 2010.
REUTERS/Chris Wattie |
| |
 |
|
The Kremlin's top economic aide Arkady Dvorkovich
(L), Russian hockey stars Ilya Kovalchuk (2nd L) and Alex Ovechkin (R), and
Russia's Finance Minister Alexei Kudrin hold a cheque for 13,870,000 Russian
rouble ($451,900) before a charity hockey match in Moscow, September 5, 2010.
Russian hockey stars Ovechkin and Kovalchuk organized the match to raise money
for children affected by summer wildfires. REUTERS/Sergei Karpukhin |
| |
 |
| Poland's President Bronislaw
Komorowski (L) and Belgium's King Albert II pose for photographers before their
meeting at the Laeken Royal Palace in Brussels September 1, 2010.
REUTERS/Francois Lenoir |
| |
 |
| Beach houses remain mostly
undamaged as Hurricane Earl passed by Kill Devil Hills, North Carolina September
3, 2010. REUTERS/Richard Clement |
| |
 |
|
South Korean Army soldiers, acting as soldiers from
the north (L, 2nd R) and the south in the Korean War, fight during their
re-enactment of the Nakdonggang Battle, the early part of the 1950-53 Korean War
in Chilgok, about 290 km (180 miles) southeast of Seoul, September 3, 2010.
REUTERS/Jo Yong-Hak |
| |
 |
|
Traffic along a flooded beach road is seen through a
rainy windshield during Hurricane Earl in Nags Head, North Carolina, September
3, 2010. REUTERS/Richard Clement |
| |
 |
|
Actors Stephen Dorff (L) and Elle Fanning arrive by
water taxi at the Excelsior Palace for a photo call of their in-competition film
"Somewhere" by Sofia Coppola, during the 67th Venice Film Festival September 3,
2010. REUTERS/Alessandro Bianchi |
| |
 |
|
Actress Michelle Williams poses during the "Meek's
Cutoff" red carpet event at the 67th Venice Film Festival September 5, 2010.
REUTERS/Tony Gentile |
| |
 |
|
Senegalese-American singer Akon performs during a
concert at the National Sports Stadium in Zimbabwe's capital, Harare, Septermber
5, 2010. Picture taken September 5, 2010. REUTERS/Philimon Bulawayo |
| |
 |
|
Miguel Angel Jimenez of Spain (2R) is thrown into
water after winning the European Masters golf tournament in Crans-Montana
September 5, 2010. REUTERS/Denis Balibouse |
| |
 |
|
Suter Moto2 rider Shoya Tomizawa of Japan takes a
curve during the San Marino motorcycling Grand Prix at the Misano circuit
September 5, 2010. Tomizawa has died after suffering a shocking crash during the
Sunday's San Marino Grand Prix. REUTERS/Stringer |
| |
 |
|
Venus Williams of the U.S. serves to Shahar Peer of
Israel during the US Open tennis tournament in New York, September 5, 2010.
REUTERS/Kevin Lamarque |
| |
You are subscribed to INSURANCE NEWSCAST at #EMAILADDRESS#.
|
|