Monday, July 9, 2012

Weekly Reader Picks: Monday, July 9, 2012

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Insurance Journal Weekly Reader Picks
July 9, 2012

Top 10 for the Past Week

1.The Future of Producer Compensation
Jul 5, 2012 -- It is a fact that many people with the title "producer" don't produce. They service and they accept what comes to them, but they do not produce. It is also a fact that companies are going to find a way to minimize ...
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2.Chief Justice Roberts Viewed Differently After Healthcare Opinion
Jul 3, 2012 -- Chief Justice John Roberts could have taken down the entire, massive healthcare law that his fellow Republicans deride as ``Obamacare.'' He could have prevented the Supreme Court decision that largely disabled the most ...
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3.More Gen Y’ers Passing on Driving
Jul 2, 2012 -- To Shoshana Gurian-Sherman, driving seemed like a huge hassle. "Part of it was laziness," the 23-year-old Minneapolis resident recalled. "I didn't really want to put in the effort to learn how to drive ... I knew how to ...
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4.Feared El Nino Weather Could Strike in Third Quarter: Climate Forecasters
Jul 6, 2012 -- The feared El Nino weather phenomenon could strike as early as the third quarter of 2012, raising prospects of wreaking weather havoc from North and South America to Asia, the U.S. Climate Prediction Center (CPC) said ...
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5.Virginia, Maryland Hit by Vicious Storms; Power Outages May Last Days
Jul 2, 2012 -- It could be several more days before electricity is restored to areas hit by vicious storms that killed at least 13 people and left 3 million power customers to negotiate sweltering temperatures without air ...
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6.RLI, Chubb Among Top P/C Performers: SNL
Jul 2, 2012 -- RLI Corp. tops the list of property/casualty commercial lines carriers ranked by financial performance for the 12 months ending March 31, based on a review by SNL. RLI beat out Chubb, Dorinco Reinsurance and Argo Group ...
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7.Illinois Places 2 Mutual Insurers into Rehabilitation
Jul 5, 2012 -- Illinois insurance regulators announced that Lumbermens Mutual Casualty Co. (Lumbermens) and American Manufacturers Mutual Insurance Co. (American Manufacturers) have agreed to being placed into rehabilitation. The ...
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8.Virginia Begins Enforcing Proper Usage of Certificate of Insurance
Jul 2, 2012 -- Widespread misunderstanding regarding the proper use of certificates of insurance has led to new changes relating to their use, according to Virginia's Bureau of Insurance. The changes went into effect July 1.The ...
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9.Why Chief Justice Roberts Saved Obama’s Healthcare Law
Jun 29, 2012 -- In the end, it all came down to Chief Justice John Roberts, the sphinx in the center chair, who in a stunning decision wove together competing rationales to uphold President Barack Obama's healthcare plan. Roberts' ...
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10.Judge Says Greenberg May Pursue $25B Suit Over AIG Bailout
Jul 3, 2012 -- A company run by former American International Group Inc. Chief Executive Maurice "Hank" Greenberg may pursue a $25 billion lawsuit against the U.S. government, in which it called the 2008 federal bailout of the insurer ...
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Understand Work Comp Retrospective Rating Plans

New training from Insurance Journal's Academy of Insurance. Register today!
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Work Comp Retrospective Plans
New Training from Academy of Insurance

Learn about the Different Types of Retrospective Plans and what to look for in the contract

Workers' Compensation Retrospective Rating Plans can be an effective method for employers to finance and reduce their injury costs. However, few agents understand the complexities of these plans or how to assess if they are the right fit to propose to an employer.

Even though the structure of these plans is similar, not all Retrospective Rating Plans are created equally. It is important to know what to look for in the contract to avoid unpleasant surprises.

With the Work Comp market tightening, agents are likely to see Insurance Companies offering Retro Plans instead of Guaranteed Cost Plans for employers with adverse losses. In a tight market, Insurance Companies often look to share the risk of losses with their employer clients. If you are not already an expert on Retro Plans, now is the time to get up to speed. Don't be caught off guard!

Click Here to Register

Participants of this webinar will learn:

  • The Different Types of Retro Plans
  • How Workers' Compensation Retrospective Plans Work
  • The Advantages and Disadvantages of Retro Plans
  • How to Calculate the employer's "Break-Even" Point and Maximum Risk Exposure
  • What to Look for in the Retro Contract to Avoid Surprises
  • How to Compete and Win New Clients with Your Knowledge of Retro Plans

When you register, you get:

  • Access to the live webinar
  • Video and audio recordings, so you can watch or listen again
  • Question & Answer session with the instructor
  • Audio download of the webcast
  • Presentation slides download

Join us this Wednesday, July 11th for this one-hour training webinar. (PLUS, all registrants will receive video and audio recordings of the webinar, so you can listen/watch again at your convenience.)

Space is limited!

Click Here to Reserve Your Spot!

Regularly priced at $129.00, just $89 when you
register today!
(special pricing expires July 10th)

Register Now

Have questions or need help?
Send an email to webcasts@insurancejournal.com
or call Barbara at 800-897-9965 x166.

Date: Wednesday, July 11th
Time: 1:30pm ET / 10:30am PT
Duration: 1 Hour
Price: Save $40 until July 10th! Register today for just $89!
Click Here to Register

Instructor: Frank Pennachio
Photo of Frank Pennachio Experienced consultant with a humorous style and an understanding of the industry.


More Great Training:

JUL 12: Property Valuation - This session will discuss the problems, pitfalls and potential solutions to a massive yet largely overlooked insurance industry issue.

JUL 18: Managing Workers' Compensation Injuries - When an injury occurs at work, the actions taken by management or co-workers can have a significant impact on the outcome of the claim. Join us as Stacey talks about ways to ensure a smooth claims process.

JUL 19: Insurance Industry M&A Activity - There are a number of trends forming in the insurance industry- do you know what they are?

JUL 25: Building Strength within Your Agency - If you're going to take a hard look at improving your agency's employee morale or maintaining an already positive work environment, then you should do so through the lens of specific, insurance related topics.

JUL 26: Five Court Cases You Need to Know by Name - Students completing this webinar gain an understanding of how the historical cases continue to affect the way insurance coverage is interpreted today.


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Insurance Journal
3570 Camino del Rio North, Suite 200
San Diego, CA 92108
(800) 897-9965
Copyright © 2012 by Wells Media Group, Inc.

Monday, July 2, 2012

Rockets are fun! Insurance is too!

Three popular 5-part courses on sale for the 4th!
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America's Greatness is Being Celebrated!

Academy of Insurance recognizes the important role of the insurance industry.

This week we celebrate the 236th birthday of our great nation. We may be a bit biased, but we know the insurance industry is one of the main reasons our nation and the free-market economy is as strong as she has been, is, and will continue to be. To celebrate, we are offering you three incredible packages of insurance training.

Thank you, insurance professionals, for all you do to keep us moving forward!

Choose any of these popular courses for $197 each, or get all three for just $297!

Business Income: It's
Easier than You Think!
(5-Part Series)

Regular Price: $498
Today: $197
Practical Workers' Compensation
(5-Part Series)

Regular Price: $397
Today: $197
Contracts, Certificates & Construction Defect Super Pack (5 Classes)
Regular Price: $387
Today: $197

Or get all three 5-Part courses for just $297

Just add all three courses to your cart to get this extra special pricing!


Business Income: It's Easier than You Thought!
(5-part series)

Business income is the MOST important property coverage any insured can buy. Discover how truly simple the coverage is to understand and explains in this five-part series. When you register for this series you learn:
  • How truly easy the Business Income Worksheet/Report (CP 15 15) really is to understand;
  • How to correctly calculate business income coinsurance (oh, it's so easy);
  • How unimportant coinsurance is;
  • How to coordinate business income with other exposures, such as ordinance or law coverage;
  • The non-coinsurance options; and
  • How to recognize and plan for dependent property exposures.
Order Now, unlimited viewing | Regular Price: $498 | Today: $197


Practical Workers' Compensation:
What You Need to Know
(5-part series)

Statutes, common law, contracts and the human element all work together or in necessary conflict with each other to allow or push the workers' compensation machine to produce the result it was designed for - a safety net for workers injured on the job. This five-part webinar series provides an in depth study of the "moving parts" that make the workers' compensation policy work. In this series you:
  • Study the "Course and Scope Rule" and its gray areas - including a discussion of compensable occupational disease;
  • Detail the difference among employees, independent contractors, and general contractors;
  • Explore contractual risk transfer within workers' compensation;
  • Learn when to add additional states (aka - extraterritorial jurisdiction problems);
  • Gain an appreciation and better understanding of the surprising importance of employers' liability protection; and
  • Learn the intricacies of how to read, understand and explain the experience modification worksheet.
Order Now, unlimited viewing | | Regular Price: $397 | Today: $197


Contracts, Certificates & Construction Defect Super Pack (Five bestselling classes in one!)

This is a package of five of the Academy's most popular classes offering in-depth discussion of three major insurance-related issues:
  • The basics of contractual risk transfer;
  • The real effects of adding an additional insured to a policy;
  • The hazards of certificates of insurance; and
  • Construction defect issues.
Order Now, unlimited viewing | Today: $197

Buy any one package for $197. Choose all three packages this week for the special offer price of only $297 for 15 of the Academy's most popular classes.

Just add all three courses to your cart to get the special $297 pricing.

This offer ends Friday, July 6.

Order now and watch the classes any time you want and as often as you want; you can also share them within your office.

Thank you and Happy Fourth of July!
Insurance Journal Academy of Insurance


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Toll Free: (800) 897-9965

Weekly Reader Picks: Monday, July 2, 2012

Video Made Easy. High Quality Video That Will Fit your Budget. Click here for more information.
Insurance Journal Weekly Reader Picks
July 2, 2012

Top 10 for the Past Week

1.Supreme Court Upholds Healthcare Law; Read Copy of Opinion
Jun 28, 2012 -- The U.S Supreme Court today upheld the individual mandate that is the centerpiece of President Obama's healthcare reform law. The court has upheld most of the Patient Protection and Affordable Care Act but did find ...
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2.N.J. Woman Hit With Ball Sues Little League Player
Jun 26, 2012 -- A New Jersey woman who was struck in the face with a baseball at a Little League game is suing the young catcher who threw it. Elizabeth Lloyd is seeking more than $150,000 in damages to cover medical costs stemming ...
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3.Why Chief Justice Roberts Saved Obama’s Healthcare Law
Jun 29, 2012 -- In the end, it all came down to Chief Justice John Roberts, the sphinx in the center chair, who in a stunning decision wove together competing rationales to uphold President Barack Obama's healthcare plan. Roberts' ...
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4.P/C Industry Should Not Expect Traditional Hard Market Soon: Hartwig
Jun 26, 2012 -- Although insurance rates have been drifting upward in recent months, the property/casualty industry is unlikely to see a return to the traditional hard market this year or next, an insurance expert told reinsurance ...
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5.Today’s Supreme Court Healthcare Ruling: Possible Scenarios, Effects
Jun 28, 2012 -- The U.S. Supreme Court's ruling on President Barack Obama's 2010 healthcare law, expected on Thursday, may have wide-ranging political and economic implications. Here is a look at possible scenarios for Americans, ...
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6.Colorado Fire Threatens Thousands of Residences
Jun 28, 2012 -- The Waldo Canyon Wildfire in Colorado in the state's second most populous city has reportedly destroyed hundreds of homes – and that number may get much higher. The fire, which forced the evacuation of more than ...
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7.Former AIG, General Re Execs Admit to Reinsurance Fraud, Pay Fines
Jun 25, 2012 -- June 22 (Reuters) - Five former executives of American International Group Inc. and Berkshire Hathaway Inc. unit General Reinsurance admitted to conducting a fraudulent reinsurance transaction on Friday as part of a ...
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8.Sea Level Rise Accelerating Along Atlantic Coast, Say Scientists
Jun 25, 2012 -- Rates of sea level rise are increasing three-to-four times faster along portions of the U.S. Atlantic Coast than globally, according to a new U.S. Geological Survey report published in Nature Climate Change. Since about ...
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9.AIG to Revive AIG Name; Drop Chartis, SunAmerica Names: Reuters
Jun 28, 2012 -- Bailed-out insurer American International Group Inc. will resume using its brand name in public in a move to recognize the company's turnaround, Chief Executive Bob Benmosche said on Thursday. AIG, which received $182 ...
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10.Reactions to Healthcare Ruling Coming In; What’s Yours?
Jun 28, 2012 -- Industry and other reactions to the U.S. Supreme Court decision upholding the Patient Protection and Affordable Care Act have been coming in. Readers are encouraged to offer their own reactions in Comments section. ...
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Insurance Journal
3570 Camino del Rio North, Suite 200
San Diego, CA 92108
(800) 897-9965
Copyright © 2012 by Wells Media Group, Inc.