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

Floridians Encouraged to Buy Flood Insurance Before Hurricane Season Gets Underway

Florida Insurance Commissioner Kevin McCarty is encouraging Floridians to make preparations now for the upcoming 2013 hurricane season by purchasing flood insurance. Flood insurance is administered through the National Flood Insurance Program (NFIP) and is available to homeowners, renters and …

ACE International Expands Travel Risk Coverage to Renewable Energy Industry

ACE Commercial Risk Services, the U.S.-based small business insurance division of the ACE Group, has added additional capability enhancements to its portal www.ACEAdvantage.NET, the Internet-based rating system of its ACE International Advantage® division. The portal now includes international trip/travel coverage …

Florida Compounding Pharmacy Recalls Sterile Drugs

A Florida-based compounding pharmacy is voluntarily recalling all lots of its sterile non-expired drug products sold nationwide over concerns the products are not sterile and may contain bacteria. Food and Drug Administration officials on April 21 encouraged health care providers …

Hundreds of Cars Unclaimed in Sandy to Be Auctioned in New York

More than 500 BMWs, Cadillacs, Toyotas and other vehicles damaged and towed during Superstorm Sandy remain unclaimed and will be auctioned off next month, New York City officials said. The city is working with auction house David R. Maltz in …

Vermont’s Insurance Division Launches Online Complaint Filing System

Vermont’s Financial Regulation Commissioner Susan Donegan announced this week that her department has launched a new secure online method for consumers to make inquiries and file complaints to the department’s insurance division. The new system will allow people to upload …

Zurich American to Refund $4.56M to Disability Policyholders in New York

New York Gov. Andrew Cuomo announced that Zurich American Insurance Company has agreed to refund $4.56 million to policyholders of its New York statutory disability insurance policies because the insurer failed to spend at least 60 percent of total premiums …

Feds Rule Apple Did Not Violate Google Patent

Apple Inc scored a win on Monday when the U.S. International Trade Commission ruled that it did not violate a Google patent to make the popular iPhones. Apple had initially been accused of infringing on six patents for iPhone-related technology …

What Young Agents Say About Their Career Choice

The road to becoming a successful independent insurance agent is not always easy. The economy and often volatile property/casualty insurance market cycle are just two of the potholes agents must maneuver. Young agents in particular face the added burden — …

N.Y. Regulator Lists New Financial Issues of Concern

New York financial regulators have begun focusing on issues including the independence and integrity of monitors installed at banks and other companies after regulatory violations or crimes. In an economic address last week, Department of Financial Services Superintendent Benjamin Lawsky …

Most Carriers Offer Agents Training Opportunities for Online Sales: Survey

A two-thirds majority of independent insurance agents say their carriers are providing them with training and consulting on how to use their agency websites to increase sales. This is one of the findings in a new survey of more than …