Yearly Archives: <span>2013</span>

Emerging Economies Nearing Half of Global Warming Emissions

Total greenhouse gas emissions by China and other emerging nations since 1850 will surpass those of rich nations this decade, complicating U.N. talks about who is most to blame for global warming, a study showed on Thursday. Developing nations accounted …

AXIS Capital Reports $137 Million Q3 Net Income; $512 Million 1st 9 Months

Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders for the third quarter of 2013 of $137 million, or $1.21 per diluted common share, compared with $223 million, or $1.82 per diluted common share, for the third …

Aspen Posts $107.4 Million Q3 Net Income

Bermuda-based Aspen Insurance Holdings Limited reported net income after tax of $107.4 million, or $1.43 diluted net income per share, for the third quarter of 2013. The earnings report for the quarter listed the following g highlights: – Gross written …

Rusbuldt on McKinsey 5: Where Will Agents Really Be in 5 to 10 Years?

Bob Rusbuldt, president and CEO of the Independent Insurance Agents and Brokers of America – the Big “I”- takes issue with a McKinsey report that claims local independent agents will soon be extinct. In this fifth and final installment from …

The Hanover Insurance Group Q3 Profit Rises 52% to $61M

The Hanover Insurance Group Inc. reported net income of $61.3 million for its 2013 third quarter, an increase of 51.7 percent compared to $40.4 million profit during the same period a year ago. The Worcester, Mass.-based Hanover said it sees …

FBI: California Senator Tied up in Workers’ Comp Fraud

An FBI investigation shows that state Sen. Ronald Calderon accepted bribes from a hospital executive in Southern California who ran an alleged workers’ compensation scheme, the Al Jazeera America news outlet is reporting. Calderon, D-Montebello, who chairs the Senate Insurance …

Connecticut Approves NCCI’s 3.2% WC Loss-Cost Increase Filing

Connecticut regulators this week approved the National Council on Compensation Insurance’s workers’ compensation filing for an overall +3.2 percent change for voluntary market advisory pure premium loss costs and an overall +5.7 percent change in assigned risk plan rates. NCCI …

Selective Insurance Q3 Profit Rises 79% to $33M

Selective Insurance Group of Branchville, N.J., reported Wednesday $32.653 million net income for its 2013 third quarter, a 78.7 percent increase from $18.274 million profit posted a year ago, as the company benefited from improved underwriting results. Total net premiums …

United Ethanol Cited After Worker Dies in Wisconsin Corn Bin

United Ethanol LLC has been cited for 15 health and safety violations by the U.S. Department of Labor’s Occupational Safety and Health Administration after a worker died inside a grain storage bin on April 19 at the Milton, Wis., ethanol …

OSHA Fines Trucking Company $113K After Worker Fatality in Arkansas

Sherman Brothers Trucking Inc., doing business as Team Transport Inc., has been cited by the U.S. Department of Labor’s Occupational Safety and Health Administration for 11 safety and health violations and fined $113,400 following the death of a worker at …