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13 10, 2015

CAMICO Launches Cyber Risk Program for CPA Firms

By | October 13th, 2015|Recent Articles|Comments Off on CAMICO Launches Cyber Risk Program for CPA Firms

CAMICO, a nationwide CPA-directed program of insurance and risk management for the accounting profession, has announced CyberCPA to further protect CPA firms from losses caused by a variety of cyber risk exposures. CyberCPA provides first-party coverage for expenses incurred by …

13 10, 2015

Miami Insurance Agent Arrested $167K Overbilling Scam

By | October 13th, 2015|Recent Articles|Comments Off on Miami Insurance Agent Arrested $167K Overbilling Scam

The Florida Department of Financial Services’ Division of Insurance Fraud (DIF) announced the arrest of Darley Caridad Carballeira, 50, for her involvement in a scam in which she allegedly overbilled Key International Inc. more than $167,000 during the sale of …

13 10, 2015

New Insurance Policy Protects Homebuyers’ Down Payment

By | October 13th, 2015|Recent Articles|Comments Off on New Insurance Policy Protects Homebuyers’ Down Payment

Homebuyers may soon be able to buy insurance to protect their down payments in the event they sell their home at a loss. Much like title insurance protects the lender, this product promises to reimburse homebuyers for their full down …

13 10, 2015

Emerging Economies to Face Difficult Stress Test: Willis Political Risk Index

By | October 13th, 2015|Recent Articles|Comments Off on Emerging Economies to Face Difficult Stress Test: Willis Political Risk Index

“Syria, Venezuela and Zimbabwe top a list of 40 politically risky territories and destinations for foreign investment,” according to a report from Willis Group Holdings. The findings appear in the latest edition of the Willis Political Risk Index, which is …

13 10, 2015

Gunmakers’ Liability Shield Emerges as Issue in Democratic Presidential Race

By | October 13th, 2015|Recent Articles|Comments Off on Gunmakers’ Liability Shield Emerges as Issue in Democratic Presidential Race

Democratic presidential candidate Bernie Sanders on Sunday backed away from a controversial vote he cast in 2005 on legislation to grant immunity to gun manufacturers and dealers from liability if their firearms are used criminally. On NBC’s Meet The Press,one …

13 10, 2015

North Carolina Drought Ends After Week of Heavy Rains

By | October 13th, 2015|Recent Articles|Comments Off on North Carolina Drought Ends After Week of Heavy Rains

For the first time since May 12, North Carolina is free of drought. A map issued Oct. 8 by the state Drought Management Advisory Council showed all 100 counties to be clear of any drought advisories. North Carolina received more …

12 10, 2015

AssuredPartners Acquires Wilson H. Flock Insurance in Pennsylvania

By | October 12th, 2015|Recent Articles|Comments Off on AssuredPartners Acquires Wilson H. Flock Insurance in Pennsylvania

AssuredPartners Inc. announced that its subsidiary, AssuredPartners of New Jersey, has acquired Wilson H. Flock Insurance Inc., an independent agency based in Wyoming, Pennsylvania. Terms of the transaction were not disclosed. Established in 1937, Wilson H. Flock specializes in coverage …

13 10, 2015

UK Regulator Looks to Change ‘Culture’ after Insurance Reporting Fiasco

By | October 13th, 2015|Recent Articles|Comments Off on UK Regulator Looks to Change ‘Culture’ after Insurance Reporting Fiasco

The Financial Conduct Authority (FCA) has “deep cultural problems,” a senior U.K. lawmaker Andrew Tyrie said after the regulator responded to parliamentary criticism of how it handled a newspaper article that sent shares in insurance companies tumbling. The FCA will …

12 10, 2015

Secret CEO Recordings Allowed in Massey Mine Blast Trial

By | October 12th, 2015|Recent Articles|Comments Off on Secret CEO Recordings Allowed in Massey Mine Blast Trial

Donald Blankenship’s own words may come to haunt the former Massey Energy Co. chief executive officer at his criminal trial as a federal judge said prosecutors can let the jury hear conversations secretly recorded while he led the company. U.S. …

13 10, 2015

Moody’s Index Aims to Measure Economic Impact of Terrorism

By | October 13th, 2015|Recent Articles|Comments Off on Moody’s Index Aims to Measure Economic Impact of Terrorism

Can the impact of terrorism on economic growth be measured? Moody’s Investors Service has constructed a terrorism index to quantify the hit to gross domestic product, government spending, investment and borrowing costs. Attacks are rising rapidly around the world and more than …