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Daily NewsFlash : January 21, 2013

Daily NewsFlash
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Monday, January 21, 2013

Supreme Court to Consider Lawsuits by Allen Stanford Investors

Supreme Court and Stanford Allen caseThe Supreme Court on Friday agreed to decide whether victims of financier R. Allen Stanford's $7 billion Ponzi scheme can sue insurance brokers, law firms and other third parties on allegations they assisted the fraud.

Multiple investor groups brought lawsuits based on state la...

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Massachusetts Bill Would Require Gun Liability Insurance

MA gun lawSome lawmakers are hoping the insurance market might offer the best incentives to lessen firearms-related violence.

A bill filed Friday in Massachusetts would require gun owners to purchase...

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Agency Business Solutions: Supporting the Independent Agency System through Capital and Services to Help Accelerate Growth, Perpetuation & Maximize Profitability

Agency Business SolutionsIn this issue we are featuring our Storefront, Agency Business Solutions (ABS), a firm committed to helping agencies preserve their independence through two distinct entities: Agency Capital Group, which provides the...

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Insurer Studies Legal Options after Lance Armstrong Admits Doping

Lance Armstrong insurer suitThe company that paid Lance Armstrong a multimillion-dollar settlement after initially balking to pay him Tour de France bonuses amid doping allegations in 2004 announced Friday it could very well revisit that judgment.

Dallas-based SCA Promotions insured a $5-million bonus offere...

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PCI Releases Report on U.S. Insurance Group Supervision

PCIThe Property Casualty Insurers Association of America (PCI) today released a white paper entitled, "Effective and Efficient Insurance Group Supervision in the U.S.: What More, if Anything is Needed?" The document outlines PCI's group supervision principles and group supervision implementation recommendations.


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Real-Time Day 2013 Set for April 9

Real TimeThe Real Time/Download Campaign announced that its second Real Time Day will be held April 9, 2013 with a goal of increasing activity and awareness for the independent insurance agent channel to save time and costs on insurance workflows.
"Real Time Day will provide agents and brokers, users groups,...

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