Monthly Archives: <span>January 2014</span>

West Virginia Chemical Cleanup Continues; Probe of Leak Underway

West Virginia’s Governor sees the “light at the end of the tunnel” in the chemical leak that has compromised water service for about 300,000 in the state. Residents face a fifth day without drinking water as state and water authority …

BP Oil Spill Settlement Fight Wages On

BP Plc’s $9.2 billion partial settlement over the 2010 Gulf of Mexico oil spill was upheld by an appeals court over the company’s protest that the deal wasn’t valid unless a claims-payment dispute was resolved in its favor. The U.S. …

Policing the ‘Dark Side’ of Internet of Things

The futuristic world of self-driving cars, eyeglasses that e-mail and trash cans that call for pickup is running into the old-fashioned pace of doing business in Washington. Companies from Google Inc. to Bayerische Motoren Werke AG are racing into this …

EnPro’s Garlock Wins Trial on Asbestos Liability; Judge Hits Claimants’ Lawyers

Garlock Sealing Technologies LLC, a unit of EnPro Industries Inc., emerged victorious after a trial with official representatives of asbestos personal injury claimants. Adopting the company’s estimate, U.S. Bankruptcy Judge George R. Hodges in Charlotte, North Carolina, concluded that $125 …

Ohio’s Financial Responsibility Law in Effect; Will Higher Auto Insurance Rates Follow?

While Ohio has traditionally had some of the lowest auto insurance premium rates in the country, going forward some Ohioans may see their rates rising. That’s because an increase in the state’s minimum limit of coverage for financial responsibility went …

Tip Hotlines Are Effective in Preventing, Detecting Employee Fraud

Most occupational frauds are discovered by an anonymous tip, experts say, and fraud reporting mechanisms such as hotlines are encouraged as effective means of uncovering and discouraging employee fraud. The Association of Certified Fraud Examiners (ACFE) recommends that hotlines should …

Iowa to Host Global Insurance Symposium in 2014

Iowa officials say a new insurance symposium set for next year in Des Moines is aimed at bringing top industry experts to the area. Iowa Insurance Commissioner Nick Gerhart said the two-day Global Insurance Symposium will attract industry experts and …

People – Midwest

Waukesha, Wis.-based R&R Insurance Services Inc. has welcomed Josh Timm as account executive. Timm has more than 10 years of insurance industry experience. He has held multiple sales, marketing and service positions with various insurance carriers including Wausau, Philadelphia Insurance …

Numbers Don’t Lie: Agency Best of the Best Grofit: Balancing Growth & Profit Creates Value

If there is anything that exists in the insurance distribution industry, its ego. This is why agency performance benchmarking is so important. The industry is also fortunate to have a level playing field. Most independently held and bank-owned insurance agencies …

Construction Obstruction

Skilled Labor Shortage and Lax Safety Could Injure Construction Insurance Market For agents and brokers serving the contractors and subcontractors market that barely scraped by during the recession, the year 2013 brought some improvement and the new year 2014 promises …