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Daily NewsFlash : August 13, 2013

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Tuesday, August 13, 2013

Former IndyMac CEO Says Judge Erred in Insurance Dispute

IndyMac suitIndyMac Bancorp's former chief executive says a federal judge erred when he ruled the failed bank's insurers didn't have to pay for his defense costs in a legal fight with government regulators over allegations of fraud and securities violations.

Lawyers for Michael W. Perry told a federal appellate court in ...

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Flood Insurance Prices Surge

Flood insurance costs

A new law meant to stabilize the federal government's money-losing flood-insurance program is starting to send rates sky high, prompting a growing backlash in coastal areas.

The Biggert-Wat...

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Car Thefts Rise 15% In July and August

ProgressiveDo car thefts go up in the summer? Does where you live increase the likelihood your car will be found if it's stolen? Progressive Insurance examined its 2012 Personal Lines data to answer those questions and more. The car insurance company found:

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Florida Commissioner Explains Why Homeowners Rates Are Not Going Down

Florida homeowers ratesFlorida's insurance commissioner says there are reasons why homeowner rates in the state are not coming down despite reports that insurers are starting to save money on one of their biggest expenses.

And he said that in some instances rates may still go up since some companies hav...

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Arthur J. Gallagher Purchases Bollinger for $276.5 Million

Arthur J. Gallagher acquisitionArthur J. Gallagher & Co. has acquired insurance broker Bollinger Inc. for about $276.5 million in cash and stock, a deal that expands the company's presence in the Northeast.

Gallagher is purchasing the company, which has offices in New Jersey, New...

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Employers in Texas See More Workers Compensation Claims in August than Any Other Month: Travelers

Workers Comp in TexasAugust is the most dangerous month of the year when it comes to on-the-job injuries, according to an analysis of Travelers' claim data in Texas from the past two years. Texas employers filed more...

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Judge Dismisses Racial Discrimination Claims Against Celebrity Chef Paula Deen

Paul Deen discrimination suitA federal judge in Georgia has thrown out race discrimination claims by a former Savannah restaurant manager whose lawsuit against Paula Deen ended up causing the celebrity cook to ...

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Blue Cross North Carolina Reaches Out Over Insurance Law Changes

Blue CrossJust down from the Target and Gander Mountain big-box stores and between a nail salon and dental office, North Carolina's largest health insurer opened its first retail store.

It has some exercise offerings - step aerobics classes and stationary bike workouts - but for now, its main product is prov...

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Aon Extends Partnership with the NFL for International Series in 2013 & 2014

AonAon plc today announced the expansion of the firm’s partnership with the National Football League (NFL) which will allow Aon to continue to bring cross-cultural experiences to its clients in the London market. Headquartered in London, Aon has worked with the NFL to bring the game to fans across the UK since 2012.

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