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Wednesday, April 24, 2013

Dewey Ex-Chairman Okays Settlement of Mismanagement Claims

Dewey management liability claimsThe former leader of New York law firm Dewey & LeBoeuf LLP has agreed to pay about half a million dollars as part of a settlement over mismanagement and other claims related to the firm's collapse last year.

The proposed agreement between former Chairman Steven Davis, an insurance compa...

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Fake AP Tweet About President Obama Rattles Financial Markets

Fake tweetA fake tweet about an attack on the White House briefly roiled the financial markets on Tuesday afternoon, sending stocks tumbling within minutes and prompting the FBI and securities regulators to look into the hacking incident.

A posting on the

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U.S. Auto and Home Insurance Customers Prefer Using Agents to Buy Products: Accenture

AccentureU.S. consumers are turning to digital sources for insurance quotes and other information, but still prefer personal contact with agents when purchasing insurance products, according to an Accenture survey of more than 4,000 U.S.

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Trinity Underwriting Managers Announces New Commercial Auto Program

TUMITrinity Underwriting Managers, Inc. (TUMI), a Georgia based program administrator, has expanded its commercial auto capabilities. TUMI recently established a relationship with an 'A' rated carrier in which it underwrites a wide array of ...

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Verizon Data Breach Report: State-Sponsored Attacks Surge

Cyber securityAn annual survey by Verizon's security unit found that 19 percent of data breach attacks were connected to state-sponsored organizations in a sign that corporate espionage may be ramping.

The data breach investigations report (DBIR) is based on 19 global companies, their attacks, forensics and ...

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Travelers Reports First-Quarter Net Income Rise

TravelersThe Travelers Companies, Inc. on Tuesday reported net income of $896 million, or $2.33 per diluted share, for the quarter ended March 31, 2013, compared to $806 million, or $2.02 per diluted share, in the prior year quarter. Operating income in the current quarter was $887 million, or $2.31 per...

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ACE Reports First-Quarter Net Income of $953 Million

ACEACE Limited reported net income for the quarter ended March 31, 2013, of $2.77 per share, compared with $2.84 per share for the same quarter last year.

Operating income was $2.17 per share, compared with $2.05 per share for the same quarter last year. Book value and tangible book value...

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Webinar to Offer Look at E&S Best Practice Workflows and Standards

E&S GroupThe E&S Joint Working Group (ESJWG) will present a live webinar for retail and general agents, wholesale brokers and E&S and specialty carriers titled "Best Practice Workflows in the E&S Industry & the Critical Role that Standards Play" on Tuesday, April 30.
The E&S Joint ...

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Baseball Legend Tony La Russa Speaks at 20th Anniversary IICF Benefit Dinner

IICFThe Insurance Industry Charitable Foundation announced the Major League Baseball great Tony La Russa will be the keynote speaker at the organization's 20th annual benefit dinner being held Thursday, May 30, 2013 at the Julia Morgan Ballroom, San Francisco. La Russa will join with hundreds ...

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