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

Main Street America Expands Commercial Product Line to Minn.

The Main Street America Group has introduced its commercial product line, featuring its flagship main line business owners policy (main line BOP), to independent agents who represent the super regional property/casualty insurance carrier’s Spring Valley Mutual Insurance Co. and Austin …

Trayvon Martin’s Parents Seek Help from Florida Victims’ Fund

Trayvon Martin’s mother has asked for an undisclosed amount of money from a state fund set up to help crime victims with things like funeral expenses and counseling, according to documents obtained by The Associated Press. The documents, obtained through …

Disabled Workers More Likely to Experience Occupational Injury: Study

Workers with disabilities are significantly more likely to experience both nonoccupational and occupational injuries than those without disabilities, a new study revealed. Researchers at the Center for Injury Research and Policy of The Research Institute at Nationwide Children’s Hospital and …

Is Peer Pressure Better Employee Motivator Than Money?

A sense of belonging and attachment to a group of co-workers is a better motivator for some employees than money, according to a new study by University of Iowa researchers. “We found that self-managing teams exhibit increased performance when they …

Willis Appoints Vaccaro CEO for Facultative Reinsurance Operations in Chile

Willis Group Holdings announced the further strengthening of its operations in Latin America with the appointment of Alejandro Vaccaro as CEO of the company’s Chilean facultative reinsurance division. He recently joined Willis from Aon Benfield on August 1, 2012 to …

Earnings Reports: Argo Group, Flagstone Re

Selected earnings highlights from the Bermuda-based Argo Group for the second quarter and the first six months of 2012 are as follows: Q2 2012 Q2 2011 Gross premiums written ———— $474.20 mn $406.70 mn Net premiums written ————— $361.50 mn …

Miami-Dade County to Vote on Pit Bull Ban

A 23-year-old ban on pit bulls, passed after the vicious mauling of a 7-year-old girl, is up for a vote in Miami-Dade County. Pit bull advocates blame the ban on overheated emotions and say they are working to free dogs …

Florida Officials, Insurers Urge Caution Over PIP Savings Report

A preliminary report on the impact of Florida’s no-fault auto insurance law suggesting it could result in savings between 12 percent and 20 percent on a portion of drivers’ premiums is presenting as many questions as answers. Regulators have cautioned …

Munich Re Reports Q2 Profit over $1 Billion; 1st Half near $2 Billion

Munich Re’s second quarter earnings report notes that it achieved a consolidated profit of €812 million [$1.007 billion], compared to the €738 million [$915.12 million] it reported in Q2 2011. The report indicated that “underwriting business performed well,” as it …

Treasury Gains in Sale of AIG Stock

American International Group Inc. said today hat the U.S. Department of the Treasury expects to receive an additional $750 million in addition to its previous estimate of $5 billion from its underwritten public offering of AIG common stock. The underwriters …