Earl Spares Insurers for the Most PartLast week Hurricane Earl was shaping up to cause significant havoc on the East Coast, but in the end it managed to avoid the mid-Atlantic for the most part and basically petered out before it reached Massachusetts. Not only was this great news for the people in the region but also for Property/Casualty insurers who were anticipating a costly storm.http://www.programbusiness.com/news/NewsFlashDetails.aspx?newsFlashId=6950$displayType=1http://www.programbusiness.com/news/NewsFlashDetails.aspx?newsFlashId=6950$displayType=1Sun, 05 Sep 2010 12:00:00 GMTFormer AmWins Employee Barred from Using Client List for New Employer R-T SpecialtyWholesale broker AmWins has won a court order to stop a former employee from soliciting business from his former clients for his new employer, R-T Specialty, the wholesale division of Ryan Specialty.http://www.programbusiness.com/news/NewsFlashDetails.aspx?newsFlashId=6949$displayType=1http://www.programbusiness.com/news/NewsFlashDetails.aspx?newsFlashId=6949$displayType=1Sun, 05 Sep 2010 12:00:00 GMTBP Says It Spent $8 Billion in Response to Oil SpillAccording to reports published in the Wall Street Journal and Reuters, BP PLC says it has spent so far approximately $8 billion on the massive oil spill in the Gulf of Mexico and anticipates resuming relief-well drilling shortly.http://www.programbusiness.com/news/NewsFlashDetails.aspx?newsFlashId=6948$displayType=1http://www.programbusiness.com/news/NewsFlashDetails.aspx?newsFlashId=6948$displayType=1Fri, 03 Sep 2010 12:00:00 GMTLatest Hurricane Watch: Earl Downgraded to Category 1 as Cape Cod, L.I. Brace for HitBy 11:00am EST on Friday, Hurricane Earl has weakened to a Category 1 storm, with sustained winds of 85 mph, down from 105 mph at 8 a.m. ET, the hurricane center said.http://www.programbusiness.com/news/NewsFlashDetails.aspx?newsFlashId=6947$displayType=1http://www.programbusiness.com/news/NewsFlashDetails.aspx?newsFlashId=6947$displayType=1Fri, 03 Sep 2010 12:00:00 GMTAon's Monthly Cat Report Shows Analysis of Global Natural Perils for AugustPremier reinsurance intermediary and capital advisor, Aon Benfield, on Thursday releases its latest Monthly Cat Recap report, which provides an analysis of global natural perils in Augusthttp://www.programbusiness.com/news/NewsFlashDetails.aspx?newsFlashId=6946$displayType=1http://www.programbusiness.com/news/NewsFlashDetails.aspx?newsFlashId=6946$displayType=1Fri, 03 Sep 2010 12:00:00 GMTA.M. Best: Reinsurance Panel Says Industry Being Reshaped by Regulatory PressuresA panel of reinsurance experts during a webinar sponsored by A.M. Best said three regulatory developments are either poised to or already are influencing how reinsurers practice, along with where primary insurers seek for reinsurance production and to what levels. The webinar titled "State of the Global Reinsurance Markets" is available at http://www.ambest.com/reinsurance10.http://www.programbusiness.com/news/NewsFlashDetails.aspx?newsFlashId=6945$displayType=1http://www.programbusiness.com/news/NewsFlashDetails.aspx?newsFlashId=6945$displayType=1Fri, 03 Sep 2010 12:00:00 GMTAllstate, Travelers Leading P/C Insurers to Be Affected by EarlU.S. insurers could experience significant losses from Hurricane Earl`s hit in North Carolina and as it makes its way up the east coast.http://www.programbusiness.com/news/NewsFlashDetails.aspx?newsFlashId=6944$displayType=1http://www.programbusiness.com/news/NewsFlashDetails.aspx?newsFlashId=6944$displayType=1Fri, 03 Sep 2010 12:00:00 GMTFederal Disaster Aid Available for Massachusetts As Earl Makes it Way Up the CoastCraig Fugate, head of the U.S. Department of Homeland Security`s Federal Emergency Management Agency (FEMA), announced today that federal disaster aid has been made available for the Commonwealth of Massachusetts to supplement Commonwealth and local response efforts in the area struck by Hurricane Earl beginning on September 1, 2010, and continuing.http://www.programbusiness.com/news/NewsFlashDetails.aspx?newsFlashId=6943$displayType=1http://www.programbusiness.com/news/NewsFlashDetails.aspx?newsFlashId=6943$displayType=1Fri, 03 Sep 2010 12:00:00 GMTQBE Subsidiary Purchases Seattle Specialty Insurance ServicesSterling National Corporation, a QBE subsidiary, has acquired Seattle Specialty Insurance Services, Inc. Terms of the purchase were not disclosed.http://www.programbusiness.com/news/NewsFlashDetails.aspx?newsFlashId=6942$displayType=1http://www.programbusiness.com/news/NewsFlashDetails.aspx?newsFlashId=6942$displayType=1Fri, 03 Sep 2010 12:00:00 GMTMore HUB News: The Leading Brokerage Firm Acquires Assets of Florida Federal Insurance CompanyHub International Limited (Hub), a leading insurance brokerage firm, announced today that it has acquired the assets of Florida Federal Insurance Company (FFIC), a Boynton Beach, Florida-based personal and commercial insurance brokerage firm.http://www.programbusiness.com/news/NewsFlashDetails.aspx?newsFlashId=6941$displayType=1http://www.programbusiness.com/news/NewsFlashDetails.aspx?newsFlashId=6941$displayType=1Fri, 03 Sep 2010 12:00:00 GMT