Monthly Archives: <span>April 2013</span>

Tool Identifies California’s Most Polluted Cities

Seven of California’s 10 ZIP codes most burdened by pollution are in the San Joaquin Valley and three are in Los Angeles, according to a new tool developed by state environmental officials to target communities for cleanup. “People tend to …

Florida Judge Upholds Injunction Against Portions of State’s PIP Law

A Florida judge has upheld his temporary injunction partially blocking portions of the state’s automobile no-fault insurance law on the basis it infringes on drivers’ access to the courts. As a result, regulators are appealing to a higher court. Second …

Kreidler Names New Chief Deputy

Washington Insurance Commissioner Mike Kreidler named longtime staffer Jim Odiorne to be the agency’s new chief deputy. The appointment is effective today. Odiorne has a long tenure at the Office of the Insurance Commissioner, having served as the deputy commissioner …

Travelers Q1 Profit Up 11% to $896M; CEO Says ‘We Will Keep Going’ on Rate Hikes

The Travelers Companies Inc. on Tuesday reported $896 million net income for its 2013 first quarter, an increase of 11 percent compared to $806 million income reported during the first quarter of 2012. Travelers said the improvement in both net …

Swiss Re in Co-op Agreement with GEM Foundation for Latin America Quake Risk

The Swiss Re Foundation and the GEM Foundation announced a “three-year collaborative project to create the first-ever comprehensive picture of seismic risk in Latin America to incorporate social and economic factors.” Swiss Re said: “International and local experts will assess …

WHO Says New Bird Flu Strain is ‘One of Most Lethal’ Viruses

A new strain of bird flu that has killed 22 people in China is “one of the most lethal” of its kind and is more easily transmissible to humans than an earlier strain that has killed hundreds around the world …

IAG Outlines Strategy to Sustain New Zealand Market Position

Insurance Australia Group Limited (IAG) has issued an update on its New Zealand business, and has outlined its strategy to maintain its position and deliver sustainable strong returns in that market. At a briefing in Sydney IAG Managing Director and …

ACE Reports $953 Million Q1 net Income; P&C Combined Ratio 88.2%

ACE Limited reported net income for the quarter ended March 31, 2013 of $2.77 per share – $953 million – compared with $2.84 per share -$973 million- for the same quarter last year. Operating income was $2.17 per share – …

Report: Bus Driver in Fatal Texas Crash Says He May Have Blacked Out

The driver involved in a fatal North Texas bus crash told authorities he may have blacked out in the moments before the bus careened off the roadway and struck a concrete barrier, according to a report released April 22. A …

Sandbagging Underway in Fargo, North Dakota-Area Subdivisions

The flood fight is kicking into high gear in southeastern North Dakota, where residents are preparing for what could be the fourth major flood in five years. The National Weather Service has warned residents in Fargo and Cass County to …