April 16, 2010

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Nuclear Attack on Major City Probable, Experts Say ...Despite hosting the largest single gathering of world leaders in 60 years, President Barack Obama’s summit on nuclear proliferation probably won’t change the horrible likelihood that terrorists someday soon will obtain and explode a nuclear bomb in a major city, experts assembled at the conference said.

St. James Insurance Group Re-Enters Commercial Lines, Appoints New SVP...He expects St. James will be writing in Georgia sometime this year, followed by North Carolina and Virginia in 2011 and 2012, as well as other Mid-Atlantic ...

Oxendine Rejects High-Risk Pool for Georgia Uninsured...Georgia Insurance Commissioner John Oxendine said the state will not participate in a federal program to establish high-risk pools for the uninsured, ...

States to have big say in how much health care reform residents see...South Carolina is among the states with a high-risk pool. But it's too expensive for many people because the state allows the Department of Insurance to ...

BNC takes over South Carolina bank...... FDIC's deposit insurance fund $130.3 million. Beach First is the first South Carolina bank to fail since 1999, and the 42nd nationwide so far this year.

Cuomo rejected Greenberg's settlement offers: Lawyer...New York Attorney General Andrew Cuomo rejected attempts to settle a lawsuit against Maurice R. Greenberg, said a lawyer for the former American International Group Inc. CEO.

Property/casualty insurers report higher profits...U.S. property/casualty insurers' profits leapt to $28.3 billion in 2009 from $3 billion in 2008 as investment income soared and claims costs declined, according to a report released Thursday.

Health insurers shifting costs ahead of law: Report...Some of the largest U.S. health insurers are changing their accounting practices to book administration costs as medical costs in an attempt to circumvent new industry reforms, according to a U.S. Senate panel's report released Thursday.

Landmark Mississippi Katrina 'Wind v. Water' Case Settled Out of Court...The Mississippi court ruling was significant because property insurance is governed by state, not federal, law. The upcoming trial would have applied the ...

Louisiana Agent Fined $5K; Accused of Forgery, Misrepresentation...Louisiana insurance regulators served a West Monroe, La., agent with a cease and desist order and $5000 fine notice for alleged misappropriation, ...

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Upcoming Conventions-Trade Fairs - Expos

FAIA of Florida 106th Annual Convention - Orlando, FL Details HERE!

PIA of FLA: Agent Expo 2010 - Orlando, FL Details HERE!

LAAIA 40th Annual Convention - Hollywood FL Details HERE!

FYI Insurance Expo 2010 - Duluth, GA Details HERE!

Nation's "Hot Spots" Revealed in Ranking of State Car Insurance Rates...... according to the insurance web site. In Louisiana, for example, jury trials are rarely used, leading to expensive out-of-court settlements. ...

Georgia in top 10 for most expensive car insurance...You may think you car insurance premium is high now there's a new survey to support that opinion. ...

GA Insurance Commissioner Says No to First Step of Health Care Reform...Georgia Insurance Commissioner John Oxendine wants to opt out of the first step of President Barack Obama's new health care reform law. ...

Jail Time for Insurance Evaders? Yes, Said Fox News...After an audience member mentioned “the possibility of imprisonment” for those who don't buy health insurance, Coburn told her, “The intention is not to put ...

Progressive Reports March Results...The Progressive Group of Insurance Companies, in business since 1937, is one of the country's largest auto insurance groups, the largest seller of ...

Allstate Seeking to Appoint 130 Agents in Texas in 2010...Allstate Insurance Company appointed 122 exclusive agents in Texas in 2009 and is seeking to appoint another 130 agents in the state in 2010. ...

FOX NEWS CHANNEL "ON THE RECORD" INTERVIEW WITH GEORGIA INSURANCE COMMISSIONER ...There is breaking news out of Georgia in the health-care war. Georgia's state attorney general, a Democrat, has refused to follow a ...

Insurers say cost of reforms will be passed along to the insured...“That's the nature of insurance.” Humana only has a small number of commercial clients in South Carolina, but is still investigating how its business may be ...

Florida's Northern Capital Insurance to Be Liquidated...After the deadline, liquidation claims will be covered by the Florida Insurance Guaranty Association. The liquidation process, which includes identifying ...

Lieberman: Omitting 'Islamic' Terrorism From Security Document Dishonest, 'Offensive'...Sen. Joe Lieberman slammed the Obama administration Sunday for stripping terms like "Islamic extremism" from a key national security document, calling the move dishonest, wrong-headed and disrespectful to the majority of Muslims who are not terrorists. 

Liz Cheney: Obama Putting America on Path to Decline...Liz Cheney kicked off the Southern Republican Leadership Conference here Thursday night with a direct and unapologetic speech attacking President Obama for his health care push, intelligence posture and foreign policy.

Are Republicans losing their nerve on repeal?...Jim DeMint of South Carolina and 15 co-sponsors followed suit with similar legislation in the Senate. House Minority Leader John Boehner declared:

California Company Unveils 200 MPG Electric Car...The pre-production or "design intent" prototype is now on its way to Michigan to compete for the Progressive Insurance Automotive X PRIZE, where it will ...

Paralysed by the volcano:...Gigantic ash cloud engulfs skies and grounds EVERY plane in Britain - and it could last for days

Obama admin: Support of Israel to be 'balanced against other interests'...It was just a phrase at the end of President Obama’s news conference on Tuesday, but it was a stark reminder of a far-reaching shift in how the United States views the Israeli-Palestinian conflict, and how aggressively it might push for a peace agreement.

Foreclosure rates surge, biggest jump in 5 years... A record number of U.S. homes were lost to foreclosure in the first three months of this year, a sign banks are starting to wade through the backlog of troubled home loans at a faster pace, according to a new report.

Cops race to help Empire State 'jumper'... Police raced to the Empire State Building yesterday after a frightened 911 caller saw what appeared to be a person poised on the ledge, preparing to jump, according to a published report.

Global warming graph attacked by study; 'Ice hockey stick' temperature rise slammed as 'exaggerated'... A key piece of evidence in climate change science was slammed as “exaggerated” on Wednesday by the UK’s leading statistician, in a vindication of claims that global warming sceptics have been making for years.

THREESOME: EMBRYOS FROM DNA OF MAN, TWO WOMEN... UK scientists have created "designer embryos" containing DNA from a man and TWO women. The breakthrough gives hope of healthy children to couples with genetic disorders in their families.

Ex-NSA worker charged for leaking classified info to unspecified newspaper... A former senior executive at the National Security Agency was charged Thursday with lying and obstruction of justice in an investigation of leaks of classified information to a newspaper.

Photo released of Republican Official Beaten Bloody in New Orleans...Allee Butsch suffered a broken leg from the beatdown outside to the SRLC dinner at Brennan’s Restaurant in New Orleans. She had her leg operated on over the weekend and it will take her months to recover. Her boyfriend Joe Brown suffered a broken nose, a broken jaw, and a concussion. They were attacked after leaving the Southern Republican Leadership Conference dinner at Brennan’s Restaurant.

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