Monthly Archives: <span>June 2012</span>

Oil Market Shrugs at Imminent Iran Tanker Insurance Ban

In less than two weeks, Iran’s biggest oil buyers will lose access to the London-based insurance market that protects 95 percent of the world’s tanker shipments against oil spills or catastrophic collisions. Barring an unexpected last-minute deal to relax European …

Greek Pro-bailout Parties Look to Forge Coalition

Political parties supporting Greece’s international bailout begin forging a government on Monday after an election victory over radical leftists staved off the prospect of the debt-laden country leaving the euro and brought relief to global markets. Conservative New Democracy leader …

Economic Crisis Challenges Harmonization of U.S. Regulations, EU’s Solvency II

The EU’s Solvency II regulations get most of the headlines, but there are other regulatory bodies, which are trying to modernize and harmonize the regulations for global insurance companies. Their task has been made even more difficult by the prolonged …

Facebook Outlines Defense in Messy IPO Case

Facebook Inc., facing a raft of lawsuits from investors seeking to recoup losses from its botched IPO, laid out on Friday how cascading Nasdaq trading glitches might have stoked the confusion that marred its May 18 debut. The No. 1 …

ACE Expands Data Breach Team for Privacy Protection Policies

ACE USA, the U.S.-based retail operating division of the ACE Group, has added five new member firms to its ACE data breach team. This pool of independent, third-party professional service will help organizations and businesses execute data breach response plans. …

State Farm to Hire 500 for Operations Center in Atlanta

Georgia Gov. Nathan Deal announced that Georgia’s largest writer of homeowners policies will bring 500 jobs to a new operations center in metro Atlanta. Deal made the announcement last Friday that the jobs for State Farm will be located at …

Judge Dismisses FEMA from Kmart Lawsuit Over Flooding in Mississippi

A federal judge has dismissed the Federal Emergency Management Agency as a defendant involving a lawsuit over 2010 flooding at the Kmart in Corinth, MIssissippi. The Daily Corinthian reported last week that U.S. District Judge Glen H. Davidson issued the …

West Virginia Jail Authority Moves to Curb Lawsuits

The West Virginia Regional Jail and Correctional Facility Authority is now housing all state-sentenced female inmates at the Tygart Valley Regional Jail as part of an effort to avoid prisoner lawsuits officials say are meritless. The lawsuits have cost the …

Study Finds Little Earthquake Risk from Fracking

The fracking drilling technique used to tap shale oil and gas is unlikely to trigger earthquakes, but underground injection of waste water from drilling offers more risks for seismic activity, a new U.S. study said on Friday. The National Research …

Help Young Producers to Think Beyond the Internet

Veteran Agents Have Much to Teach Their Successors Today’s youngest agents crave to be online. It’s no surprise since they grew up in the Internet age. Their experiences include playing video games, doing schoolwork, surfing, communicating via email, and texting …