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Big ‘I’ 2013 Best Practices Study Finds Increases in Specializations, Profitability

The Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) released its 2013 Best Practices Study which found an increase in agencies with specializations, expansion of technology investment and an increase in profitability across most of the …

InVEST Teacher of the Year Award Renamed in Honor of Florida Educator

InVEST, an insurance industry classroom to career education program founded by the Independent Insurance Agents & Brokers of America (the Big “I”), announced the renaming of the InVEST Teacher of the Year Award in honor of Florida educator Gary Preston.

Florida, Alabama Officials Back Mississippi’s Suit Over Flood Insurance

Florida and Alabama government officials have filed an amicus brief this week supporting the Mississippi insurance department’s lawsuit against the federal government’s National Flood Insurance Program’s rate hike. “We are supporting Mississippi in their lawsuit against FEMA because the NFIP …

North Carolina Drag Racer Turns Grief Over Sons’ Deaths Into Teen Safety Program

During a time when he was consumed with grief, an area man turned to a project to help others avoid the pain he was going through. Doug Herbert, a professional drag racer and owner of Doug Herbert Performance Parts, lost …

China Weighs Easing Rules on Animal Testing of Cosmetics

China is considering a rule change that would allow the sale of some cosmetics without requiring them to be tested on animals, opening up a potential route into the Chinese market for international firms opposed to the practice. Under the …

Allianz Looks to Boost U.S. Presence, Improve Fireman’s Fund: Bhojwani

Allianz SE, Europe’s largest insurer, said it is committed to bolstering operations in the U.S. after international rivals scaled back in the country. “It is a monster market,” Gary Bhojwani, the management board member responsible for the Munich-based company’s U.S. …

Fitch Ratings: Florida’s PIP Reform Law a ‘Credit Positive’ for P/C Insurers

New laws designed to reduce loss cost volatility and claims fraud in the Florida no-fault auto insurance system, commonly referred to as PIP, would be a credit positive for property/casualty insurers, according to Fitch Ratings. The ratings agency said Florida …

Google Wins Copyright Scanning Case Against Authors; Judge Finds ‘Fair Use’

Google Inc. on Thursday won dismissal of a long-running lawsuit by authors who accused the Internet search company of digitally copying millions of books for an online library without permission. U.S. Circuit Judge Denny Chin in Manhattan accepted Google’s argument …

Possible Sinkhole Reported in Yard in Florida

Residents of several Florida homes have been evacuated due to a possible sinkhole that opened behind a backyard near St. Petersburg. Dunedin Deputy Fire Chief Trip Barrs told Bay News 9 the hole appears to be about 12-feet wide and …

Europe Urged to Retain Climate Leadership As Competitive Advantage

Europe’s abdication from climate leadership would stunt growth in the region and hand a huge economic advantage to China and the United States as they carve out their share of a multi-billion low-carbon market, a German thinktank said on Thursday. …

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