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Monday, June 24, 2013

Officials Sue Plant Owner, Supplier for Texas Blast

Texas fertilizer explosionOfficials of the small Texas town devastated by an April 17 fertilizer plant blast that killed 15 people has filed suit against the plant owner and supplier.

The lawsuit filed Friday seeks unspecified damages from plant owner Adair Grain and CF Industries, which supplied agricultur...

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Citizens Considering Rate Hikes in Florida

Citizens rate hikeFlorida's largest property insurer, already under fire for everything from recent business deals to how much it pays its executives, is readying another round of rate hikes for homeowners.

The board of Citizens Property Insurance Corp. meets next week in Miami to consider a range of proposed hikes

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Small Business Owners Playing It Safer In Rising Trend: Hartford Survey

HartfordOver the past year, the percentage of owners who identify themselves as conservative in risk-taking has steadily increased by 63 percent. Eighty percent rated themselves as conservative rather than risky in this recent survey, which is up from 73 percent in the company's Small Business Success Stud...

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J.D. Power: Auto Insurance Customer Satisfaction Declines Compared with 2012 Primarily Due to Higher Rates

JD Power Auto SurveyDriven by lower satisfaction with price and policy offerings, overall customer satisfaction with auto insurance companies declines in 2013 from an all-time high in 2012, but remains comparatively high relative to the previous decade, according to the J.D. Power 2013 U.S. Auto Insurance Study...

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Massachusetts Big I Association Offers Staffing Services From WAHVE

WAHVEThe independent agents' association in Massachusetts announced it is offering its members remote staffing services provided by Work At Home Vintage Employees (WAHVE) on a preferred basis.
WAHVE provides experienced insurance professionals who are "phasing" into retirement to agencies and other insurance firms...

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Swiss Re Confirms Strategy at Investors' Day, Targets for Higher Returns in Life & Health Business

Swiss ReAt its Investors' Day to be held in Zurich today, Swiss Re confirms its commitment to executing its successful Group strategy and delivering on its 2011-2015 financial targets. The Group also presents a detailed review of its existing Life & Health Reinsurance business and sets out a path to higher profita...

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Towers Watson Capital Markets Closes on $30.49 Million Catastrophe Bond

Towers WatsonTowers Watson Capital Markets, Inc., the wholly owned subsidiary of global professional services company Towers Watson, announced it recently arranged a private placement catastrophe bond, Oak Leaf Re 2013-1, which closed at $30.49 million. Oak Leaf Re has issued for the third consecutive year and represent...

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