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

Vermont ‘Lucked Out’ in Sandy Hit, but Many Still Powerless

Thousands of Vermonters remain without power and schools are closed from one end of the state to the other, but experts say the state was spared serious damage from superstorm Sandy. National Weather Service meteorologist Scott Whittier says that as …

Insurers Say Losses from Sandy Won’t Hit Florida

Insurance experts say the costs associated with losses from superstorm Sandy in the northeast should not affect Florida homeowners. Sam Miller of the Florida Insurance Council said Tuesday that the Florida market is dominated by state-backed Citizens and local insurers …

Killian Joins Lockton Dunning Benefits in Dallas

Lockton Dunning Benefits announced Josh Killian has joined the Dallas-based health and welfare benefits consulting practice as director of continuous quality improvement. A Six Sigma Black Belt, Killian has more than 14 years of professional healthcare experience. Prior to joining …

HCC Insurance Holdings Reports Record Net Earnings in Q3

Houston-based HCC Insurance Holdings Inc. reported a record $107.1 million in net earnings for the third quarter ended Sept. 30, 2012. By comparison, the company’s net earnings for the third quarter of 2011 totaled $60.4 million. Net earnings were $283.1 …

Deals in Louisiana Resolve ‘Who Dat?’ Trademark Claims

Settlements have resolved a Louisiana recording company’s claims against two T-shirt vendors and a restaurant over merchandising rights to the phrase “Who Dat?” — a popular chant of New Orleans Saints fans. The deals eliminate the need for a federal …

Bank Holding Cos. Set Record in Insurance Brokerage Fee Income: Report

Bank holding companies (BHCs) set new records in insurance brokerage fee income in the second quarter and year-to-date (YTD) in the first half of 2012. According to the Michael White-Prudential Bank Insurance Fee Income Report, bank holding company insurance brokerage …

1,300 Drivers Convicted of Texting Under Georgia’s 2-Year Old Law

State records in Georgia show that about 50 drivers a month have been convicted of texting and driving in the two years since a law to ban texting went into effect. The Atlanta Journal-Constitution reported that as of mid-September, 1,281 …

Faulkner Estate in Mississippi Files Copyright Suit Over Quotes in Movie, Ad

William Faulkner wrote that the past is never dead. His heirs say their copyright to that phrase is very much alive. The author’s literary estate is suing Sony Pictures Classics for using a paraphrase of the line in Woody Allen’s …

Hong Kong Again Named World’s Top Financial Centre

Hong Kong was named the world’s top financial centre for the second year running by the World Economic Forum (WEF), thanks to the strength of its business environment, infrastructure and a favourable tax regime. The WEF’s annual Financial Development Report …

Burand’s Agency E&O Blog: Tip #15

Review Your E&O Carrier’s Requirements for Carrier Writing Standards. There’s a myth going around that if an agency writes with a carrier rated B+ or better by A.M. Best, their E&O policy will cover them. Based on the E&O policies …