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

Iran’s Oil Exports Plummet as Sanctions Bite Says IEA

Iran’s oil exports have fallen by an estimated 40 percent since the start of the year as Western sanctions tear into the country’s vital oil industry, the International Energy Agency said on Wednesday. The agency, which represents the interests of …

Study Suggests China’s CO2 Emissions Could be Greater than Thought

China’s carbon emissions could be nearly 20 percent higher than previously thought, a new analysis of official Chinese data showed on Sunday, suggesting the pace of global climate change could be even faster than currently predicted. China has already overtaken …

Iran Tanker Firm Says it Insured Ships Despite Sanctions

Iran’s biggest tanker operator, NITC, has $1 billion in ship insurance cover to keep its fleet on the water and serve clients in Asia despite Western sanctions on the Islamic Republic’s oil trade, a senior NITC official said on Tuesday. …

Burand’s Agency E&O Blog: Tip #3

Insurance agency errors and omissions (E&O) situations and solutions from consultant Chris Burand. Tip #3 Do you follow-up in writing when your insurance proposal is rejected? The failure to take this step can result in some insureds going without insurance …

More Water, Less Pain for Toledo Bend Businesses

Water is higher at the Toledo Bend reservoir in northwestern Louisiana. And that makes recreation-related business owners happy. Last June, the U.S. Drought Monitor placed parts of west Louisiana and east Texas at the top of the drought intensity scale. …

Groups Decry Loss of Okla. Human Rights Commission

Several groups representing the interests of minorities in Oklahoma criticized the elimination of the Oklahoma Human Rights Commission and met on June 11 to form a new coalition to promote equality and end discrimination. Individuals with several minority-rights groups met …

Illinois Gun Works Fined $111K for Exposing Workers to Hazards

Federal officials have fined an Illinois gun sales business, a shooting range and gun safety training company for allegedly exposing workers to hazards, including lead. Proposed fines total $111,000. The U.S. Department of Labor’s Occupational Safety and Health Administration has …

Accident Fund Holdings Names Carney Chief Underwriting Officer

Michigan-based Accident Fund Holdings Inc. has appointed William G. Carney as chief underwriting officer. Carney recently joined Accident Fund Holdings’ executive team and is responsible for overseeing the underwriting efforts of the holding company’s four operating units — Accident Fund …

Oklahoma Commissioner: Improve Fire Department Ratings, Lower Premiums

Oklahoma Insurance Commissioner John D. Doak has detailed a plan to improve the ratings of Oklahoma fire departments and reduce home insurance rates. Speaking at the Oklahoma State Firefighters Association (OSFA) Convention, Doak said the Oklahoma Insurance Department (OID) will …

Hylant Group Acquires AGIS

Toledo, Ohio-based privately owned insurance brokerage firm, Hylant Group, has acquired AGIS, an independent, full-service employee benefits agency with offices in Birmingham, Mich., and Orlando and Jacksonville, Fla. The combined operations expand Hylant’s footprint into Florida and further solidify the …