Monthly Archives: <span>April 2014</span>

House Passes Bill to Exempt Expatriate Plans from Affordable Care Act

The House has approved bipartisan legislation to exempt U.S. health plans sold to expatriate workers from having to comply with requirements under the Affordable Care Act. The measure, which passed 268-150, is aimed at helping U.S. insurance companies like Cigna …

Senate Cybersecurity Bill Gives Firms Liability Protection for Sharing Data

U.S. administration officials, private sector executives and privacy advocates are reviewing a draft of a bill that would encourage sharing of cybersecurity data between the government and companies, two key Senators said on Wednesday. Senate Intelligence Committee Chairman Dianne Feinstein, …

Mississippi Tornado Was Rated EF-4, Says Weather Service

The National Weather Service said the tornado that hit the Louisville, Miss., area Monday night has a preliminary rating of EF-4. Mike Edmonston, senior meteorologist at National Weather Service in Jackson, Miss., confirmed the rating. An EF-4 rating means the …

Florida House Nixes Shifting Citizens Policies to Surplus Lines

The Florida House has rejected a proposal that could shift homeowners away from the state-backed Citizens Property Insurance and into private surplus lines insurers. The Florida Senate last week narrowly voted for a property insurance bill that would allow homeowners …

High Net Worth Carrier PURE Enters California

Call it a little luck or good timing – maybe a bit of both– but an insurer focused on high net worth individuals has added California to the list of states in which it does business at a time when …

N.Y. Rep. Grimm Calls 20-Count Indictment Against Him ‘A Political Witch Hunt’

U.S. Rep. Michael Grimm (R-N.Y., 11th District), who as a House Financial Services Committee member was instrumental in adopting the flood insurance relief bill and in advocating for renewal of Terrorism Risk Insurance Act, says a 20-count federal indictment against …

2 Texas Companies Tie for Top Spot in 2014 ‘Forgiveness’ Ratings

Based on a study of 10,000 U.S consumers, H.E.B. and USAA, both based in San Antonio, Texas, tied for the top spot in the 2014 Temkin Forgiveness Ratings, which rates 268 companies across 19 industries. USAA’s banking business tied for …

SullivanCurtisMonroe Taps Harrison in Southern California

SullivanCurtisMonroe named Skylor Harrison a broker associate in its Corona, Calif. location. Harrison’s primary focus will be the transportation and manufacturing industries. Prior to SCM, Harrison was vice president at Harrison-Nichols Company Ltd., based in Irwindale, Calif. He has more …

QBE North America Launches Management Liability & Professional Lines Coverages

QBE North America’s continues its expansion into the management liability & professional lines arena with the launch of three new products for public and private commercial companies and financial institutions and non-profit businesses. The three products currently available in the …

1,300 N.Y., N.J. Households Losing FEMA Rental Aid This Week

Over 1,000 families in New York and New Jersey displaced by Superstorm Sandy are losing their federal rental assistance. The Federal Emergency Management Agency benefit that helped them obtain temporary housing runs out on Thursday, May 1. Citing FEMA statistics, …