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

USI to Acquire TD Bank’s U.S. Insurance Subsidiary

USI Insurance Services, a brokerage and financial service firm based in Briarcliff Manor, N.Y., has agreed to acquire TD Insurance Inc., a wholly-owned U.S. subsidiary of TD Bank, N.A. The terms of the deal were not disclosed. USI said the …

Allstate Names Gupta as Chief Marketing Officer

Personal lines insurer Allstate has named Ally Financial’s Sanjay Gupta to its senior leadership team as executive vice president and chief marketing officer. Gupta will be responsible for Allstate’s marketing and consumer-focused initiatives and will report to Thomas J. Wilson, …

CPCU Society’s Brown to Also Lead Griffith Foundation

The Griffith Insurance Education Foundation has named Kevin H. Brown as its executive director. The organization said that this new role will complement Brown’s responsibilities as executive director of the CPCU Society. The Griffith Foundation is affiliated with The Institutes, …

Tampa, Host of Republican Convention, Prepares for Possible Hurricane Isaac

Tropical Storm Isaac is posing a potential threat to next week’s Republican National Convention in Florida, which culminates in the nomination of Mitt Romney for president. The U.S. National Hurricane Center on Wednesday morning said Isaac was expected to strengthen …

Florida Keys’ Citizens Look to Lower Islands’ Risk Profile, Rates

Frustrated by rising premiums, reduced coverage and a single market, citizens and officials in the Florida Keys are hoping to convince catastrophe modelers, insurers and reinsurers that their islands are not as big a risk for wind damage as they …

Fitch Notes Reinsurers More Risk-Focused For More Asian Catastrophes

Fitch Ratings has issued a statement which points out that the “spate of Asia-Pacific catastrophes in the past two years have prompted reinsurers to take stock of their existing portfolio and re-evaluate their underwriting approach and risk appetite.” As a …

U.S. Exports Seen at Risk as Russia Enters WTO

U.S. agricultural, aircraft and other exports to Russia could suffer unless Congress passes legislation soon recognizing the former Cold War enemy is now a fellow member of the World Trade Organization, trade experts and business groups said. After 18 years …

UPDATE: TS Isaac on Track to Hit Florida; Strengthening Expected

The most recent update from the National Hurricane Center in Miami (5:00 a.m. AST) located the center of tropical storm Isaac southwest of Puerto Rico. The NHC said the storm is “moving toward the west near 12 mph, 19 km/h,” …

Inc. Magazine Ranks Astonish 267th on its Annual List of America’s Fastest Growing Private Companies

Warwick, RI, 08/23/12 – Astonish ranked no. 267 on the 2012 Inc. 500|5000 with a three-year sales growth of 1,350%. With the leading insurance digital marketing system in the nation, Astonish has earned this designation through unwavering commitment to helping …

In Apple v. Samsung, Attention Turns to Alchemy of Damages

Between the hotshot designers and brainy engineers Apple Inc. questioned for three weeks in the company’s bitterly fought patent battle against Samsung Electronics Co. Ltd., a marketing expert from MIT took Apple’s lawyers all of three minutes. But the testimony …