National News

Travelers Reports Profit Up 6% for Q3 on Higher Investment Income, Lower Cat Losses

The Travelers Companies Inc. today reported net income of $919 million for the quarter ended Sept. 30, 2014, up more than six percent compared to net income of $864 million in the prior year quarter. Operating income in the current …

CPCU Society Elects Leadership Council Members

The CPCU Society elected Leadership Council members for 2014–15 at its annual meeting recently in Anaheim, California. The CPCU (Chartered Property Casualty Underwriter) Society provides resources, educational programs and leadership opportunities for its 23,000 members in the property/casualty insurance industry. …

Update on Ebola in U.S.: New CDC Protocols, Rapid Response Team, Czar

The United States issued stringent new protocols on Monday for health workers treating Ebola victims, directing medical teams to wear protective gear that leaves no skin or hair exposed to prevent medical workers from becoming infected. The new guidelines from …

SterlingRisk Insurance Launches Aircraft Business Income Cover

SterlingRisk Insurance, a privately-owned brokerage based in Woodbury, N.Y., has launched aircraft business income coverage designed for both the aircraft owner and operator to protect their expected charter revenue from loss due to unscheduled maintenance and cancelled flights. The product …

Jury Finds Guardrail Maker Trinity Cheated Government; Liability Could Top $1 Billion

Trinity Industries Inc. faces a potential liability of $1 billion after a jury found the company defrauded the U.S. by deliberately withholding information about cost-saving changes to its highway guardrail system that potentially made it more dangerous. Jurors in Marshall, …

Air Bag Recalls Renew Doubts About Carmakers’ Responses to Defects

A deepening crisis involving deadly air bags is shaking confidence in the ability of automakers including Toyota Motor Corp. and Honda Motor Co. to ensure the safety of millions of U.S. drivers. Toyota is advising U.S. owners to keep passengers …

EEOC Investigating Mandatory Retirement Age for Law Firm Partners

The Equal Employment Opportunity Commission is investigating whether mandatory retirement provisions at Deloitte LLP violate federal employment law. The American Institute of Certified Public Accountants, the trade association for the profession, entered the fray yesterday, essentially urging the EEOC to …

Aon Activates Ebola Response Task Force, Launches Ebola Response Room

Aon plc has activated the Aon Ebola Response Task Force, a team comprised of risk and health professionals worldwide, to monitor the current Ebola outbreak and provide guidance to clients directly and through its newly created Aon Ebola Response Room. …

10 Insurance Myths (Men Are More Likely Than Women to Believe 8 of Them)

Men may be more gullible when it comes to insurance myths than women but even women think a number of popular myths about insurance are true, according to a survey by online insurance seller insure.com. Insure.com said it recently surveyed …

Vlocity Debuts Salesforce Cloud App for Insurance Industry

San Francisco-based cloud software firm Vlocity has launched an app designed for the  insurance industry. The new Vlocity industry app allows large enterprise and medium-size businesses to connect with their customers, partners and employees in a manner consistent with the …

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