| 1. | Travelers Eyes Canada Growth with $1.1B Acquisition of The Dominion
Jun 10, 2013 -- The Travelers Companies Inc. said it has agreed to acquire The Dominion of Canada General Insurance Co. from E-L Financial Corp. Limited for approximately $1.1 billion in cash with an eye on expanding its commercial ...
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| 2. | Berkshire Hathaway’s Eastwood Hiring Specialty Team to Vie with Ex-Employer AIG
Jun 13, 2013 -- Peter Eastwood, who left American International Group Inc. with three other executives in April to start a new insurer at Warren Buffett's Berkshire Hathaway Inc., said he's finding it easy to attract staff. ...
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| 3. | Federal Insurance Regulator Releases Annual Report
Jun 12, 2013 -- The U.S. Department of the Treasury's Federal Insurance Office (FIO) today released its annual report on the insurance industry to the President and Congress. Under the Dodd-Frank Wall Street Reform and Consumer ...
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| 4. | The Hartford Ordered to Pay $20M to Auto Body Shops
Jun 11, 2013 -- A Connecticut judge has ordered The Hartford insurance company to pay $20 million to auto body shops for an unfair trade practice related to hourly labor rates for vehicle repairs. The judge's decision last week for ...
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| 5. | Broker Awarded $ 3.8M Verdict in Reputation Suit
Jun 10, 2013 -- A Los Angeles Superior Court jury has awarded $3.8 million in lost profits and business reputation damages to HCF Insurance Agency. On June 3, HCF, represented by law firm Winget Spadafora & Schwartzberg LLP, got ...
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| 6. | U.S. Sues BMW, Dollar General Over Use of Criminal Records in Hiring
Jun 14, 2013 -- The Equal Employment Opportunity Commission filed lawsuits this week against discount retailer Dollar General Corp. and a BMW manufacturing plant in South Carolina over their use of criminal background checks to screen ...
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| 7. | Berkshire Hathaway Specialty Insurance Now Open for Business
Jun 14, 2013 -- Berkshire Hathaway's Berkshire Hathaway Specialty Insurance, its recently formed commercial property casualty insurance group, has commenced operations, underwriting property, casualty, professional and executive ...
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| 8. | ‘Mayhem’ Outspending ‘Good Neighbor’ in P/C Insurance Advertising: SNL
Jun 13, 2013 -- Allstate's "Mayhem" trumped State Farm Mutual's the "Good Neighbor" in advertising dollars in 2012. According to an analysis by SNL Financial, Allstate's ad spend increased 14.8 percent year over year to $828.8 million, ...
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| 9. | Hands-Free Voice Messaging Behind Wheel More Dangerous Than Phoning: Study
Jun 12, 2013 -- Using voice-to-text messaging, included in systems such as Ford Motor Co.'s Sync and Toyota Motor Corp.'s Entune, is more distracting to drivers than making calls with handheld mobile phones, a study by AAA found. ...
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| 10. | Walgreen Agrees to Record $80M Settlement Over Distribution of Painkillers
Jun 12, 2013 -- Walgreen Co., the largest U.S. drugstore chain, has agreed to pay $80 million in civil penalties to resolve allegations that it violated federal rules governing the distribution of prescription painkillers. The U.S. ...
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