Monthly Archives: <span>May 2011</span>

Louisiana Floodwaters Creep Toward Bayou Towns

Waters unleashed by the opening of a key Mississippi River floodway crept through the Louisiana bayou Monday in a surge that could leave thousands of homes and farms under as much as 20 feet of water. The U.S. Army Corps …

Supreme Court Hands Corporate Whistleblowers a Setback

The U.S. Supreme Court has handed corporate whistleblowers a setback with a 5-3 ruling that they cannot bring lawsuits on the basis of information they get from a Freedom of Information Act request. The court reversed a federal appeals court …

The Power of the Pen: Tips for an Effective Press Release

Over the last several years, it seems marketing departments are taking on added responsibilities – in many cases, this includes a company’s public relations efforts. For those who are not experienced writers, this can be a little daunting. Novice writers …

SCF Arizona’s DeGraw Receives Stellar Volunteer Award

Genesis City, a community-based organization that provides educational services to high-risk youth and their families in Arizona, announced it is presenting Rick DeGraw with the third annual Stellar Volunteer award. DeGraw is the senior vice president and chief administrative officer …

Bank Holding Company Insurance Revenue Drops 5.7%

The nation’s bank holding companies (BHCs) experienced a decrease of 5.7 percent in their total insurance revenue from a record $15.08 billion in 2009 to $14.21 billion in 2010, when MetLife, a traditional life insurance company, is excluded. Total insurance …

‘Crash Tax’ Regs Still OK in California

A bill that would have prevented state and local governments from imposing accident response fees for emergency response in vehicle accidents has died in the Senate Public Safety Committee. Senate Bill 49 would have prohibited a city from charging a …

P/C Insurers Take Hit in Q1 as Hurricane Season Approaches

The U.S. property/casualty (P/C) industry took a beating from record first quarter 2011 catastrophe losses, and recent earnings announcements from global reinsurers illustrate the damage those losses did to earnings and operating results. Insured losses from winter storms and severe …

BUA Launches Non-Appearance Event Insurance

BUA, a provider of event cancellation insurance for trade shows and sporting events, has introduced NoShow non-appearance insurance. The NoShow program is designed for concerts and other events for which the non-appearance of person or group of people may cause …

Agents View Carrier Consistency of Product, Price Critical in Relationship

Nearly half of independent insurance agents and brokers believe it is most important to their carrier relationships that companies are consistent in product and pricing in the marketplace, a new study co-sponsored by Insurance Journal shows. That consistency is the …

Kansas Governor Signs ‘Crash Tax’ Bill

Kansas has joined Arizona and Utah as the third state this year to ban or place restrictions on local governments charging accident response fees. Gov. Sam Brownback has signed House Bill 2119, which places restrictions on local governments levying a …