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

Alabama Museum Exhibit Recalls 2011 Tornadoes

An oral history of the tornadoes that devastated Tuscaloosa and the surrounding area on April 27, 2011, will be exhibited later this month at the Mildred Westervelt Warner Transportation Museum. The exhibit, “Listening to the Storm: A Natural Disaster in …

Calls for Repeal of Florida PIP Turn Silent; Next Step Uncertain

A Florida Senate bill aimed at eliminating the state’s no-fault personal injury protection (PIP) auto insurance was met with awkward silence in the committee hearing it Tuesday. Finally, the committee’s chair, Sen. David Simmons, yanked the bill from being voted …

As Gun Sales Soar, Insurance Sales Follow Suit

Proposed federal and state gun legislation is having an unintended effect on growth in the gun insurance market across the country. Experts in this segment say new policy submissions dealing with all aspects of guns, including gun shops, gun dealers …

Japan Carmakers Recall 3.4 Million Vehicles for Takata Airbag Flaw

Four Japanese automakers including Toyota Motor Corp and Nissan Motor Co are recalling 3.4 million vehicles sold around the world because airbags supplied by Takata Corp are at risk of catching fire or injuring passengers. The move announced on Thursday …

Ratings Recap: Milli Re, NAGICO/NICL

A.M. Best Europe – Rating Services Limited has removed from under review with negative implications the financial strength rating of ‘B+’ (Good) and issuer credit rating of “bbb-” of Turkish reinsurer Milli Reasurans Turk Anonim Sirketi (Milli Re), but has …

WTO Cuts 2013 Trade Forecast; Sees Protectionist Threat

The World Trade Organization slashed its forecast for trade growth in 2013 on Wednesday, saying it feared protectionism was on the increase. It cut its forecast for global trade growth in 2013 to 3.3 percent from 4.5 percent and said …

U.S. Chamber Joins Partners to Support Transatlantic Trade Agreement

The U.S. Chamber of Commerce said it has “joined with its partners in the Business Coalition for Transatlantic Trade (BCTT) and leaders in government from both the U.S. and EU for an event to formally launch the coalition on Capitol …

Protective Life to Buy AXA’s U.S. Life Insurance Unit for $1.06 Billion

Protective Life Corp said it will buy Mony Life Insurance Company from parent AXA SA for $1.06 billion to access its portfolio of life insurance policies. Protective Life sees the deal adding between $0.10 and $0.15 to its earnings per …

Joint Bonds Needed to Save the Euro Says George Soros

All euro zone governments need to issue bonds jointly to ensure that the common currency survives the sovereign debt crisis, investor George Soros said on Tuesday. Soros, a liberal philanthropist who rose to fame as an investor on a big …

Baltazar to Head New BrokersLink Global Employee Benefits Group

Independent insurance broker network BrokersLink has launched a Global Employee Benefits Practice Group and appointed Gerard Baltazar as its first Chairman. The group “will drive business development in the area of international employee benefits for its 70 members,” said the …