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Daily NewsFlash : May 23, 2011


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Monday, May 23, 2011

Deadly Tornado in Missouri Tears through City of Joplin

Ripping into a hospital and leaving a forest of splintered tree trunks behind where entire neighborhoods once stood, a massive tornado that tore a 6-mile path across southwestern Missouri killed a... Read More

State AGs Stepping Up Investigations of Mortgage-Industry Practices

According to the Wall Street Journal, which cited sources familiar with the matter, state attorneys general are stepping up their investigations of mortgage-industry practices by probing for potent... Read More

Already in the Red for $18 Billion, NFIP Facing Significant Claims from Mississippi River Flooding

Some years are good for the National Flood Insurance Program, while others not so good. This years looks as if it's shaping up to be bad year, with massive Mississippi River flooding expected to le... Read More

Vertafore's Bill Bunker Discusses Agency Tech Trends

We recently spoke with Bill Bunker, president of Agency Markets for Vertafore, to gain some insight into the technolo... Read More

Ryan Specialty Group and Beazley Group Partner to offer Long-Term Coverage in the U.S.

On the heels of acquiring Lloyd's insurer Jubilee Group, the expansive US wholesaler and underwriter Ryan Specialty has agreed a new partnership with Beazley Group to offer insurance to targeted ... Read More

UK's Willis Limited Appoints New Chairman and CEO

Willis Limited, the principal UK broking company of global insurance broker, Willis Group Holdings plc, today announced that Rodney Baker-Bates will join its Board as an independent non-executive C... Read More

Kraft Foods Settles Pollution Lawsuit for $8.1 Million

Kraft Foods Inc. will pay $8.1 million to settle a class action lawsuit over pollution at a former factory in Attica, Indiana.

The lawsuit, filed in 2009 and representing nearly 130 familie...
Read More

Home Sales Suffer as Banks, Mortgage Lenders Acquire Foreclosed Properties

The nation’s biggest banks and mortgage lenders have acquiring a glut of foreclosed homes that threatens to deepen the housing slump and create a further drag on the economic recovery ... Read More

Food Safety Expert Warn that New Food Recall Law May Catch Companies Offguard

Experts who follow food safety urged every business involved in putting meals on America's tables -- from growers to retailers -- to study the new Food Safety Modernization Act and then get the ins... Read More



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