Provides the latest RSS feeds for Insurance News. For more headlines on Breaking, National, Business, Finance, Sports and World News, visit our home page Sydney Sun.com http://www.sydneysun.com/index.php/cat/aab68ad4e262a072/ en-us Tue, 21 May 2013 21:04:50 -0400 Tue, 21 May 2013 21:04:50 -0400 30 SACRAMENTO, Calif. -; About 17,000 Californians with serious medical problems will be moved from a state-run stopgap health insurance program to a federal plan starting in ... http://www.sydneysun.com/index.php/sid/214675441/scat/aab68ad4e262a072 Tue, 21 May 2013 19:32:51 -0400 http://www.sydneysun.com/index.php/sid/214675441/scat/aab68ad4e262a072 Timeline: Heritage and Citizens Property Aug. 2, 2012: Heritage Property and Casualty Insurance incorporated as a Florida corporation Aug. 8: Heritage deposits $17.7 million in cash from investors into a Bank of Tampa account Aug. 17: Heritage receives license from the Office of Insurance Regulation October 10: Heritage contributes $30,000 to the Republican Party of Florida Dec. 4: Heritage ... http://www.sydneysun.com/index.php/sid/214675442/scat/aab68ad4e262a072 Tue, 21 May 2013 19:28:59 -0400 http://www.sydneysun.com/index.php/sid/214675442/scat/aab68ad4e262a072 tornado that hit the Newcastle/Moore Okla., area on May 20 reached the 200 mph to 210 mph range, putting it into the classification of an EF5 event. The NWS previously assessed the tornado as an EF4, with wind speeds up to 200 mph. The maximum width of the 17-mile path of the tornado was 1.3 miles, the NWS said. The massive tornado struck the suburban Oklahoma City area at 3:01 p.m., according ... http://www.sydneysun.com/index.php/sid/214675443/scat/aab68ad4e262a072 Tue, 21 May 2013 18:56:21 -0400 http://www.sydneysun.com/index.php/sid/214675443/scat/aab68ad4e262a072 I find it incredibly unbelievable that a city has a 'fragrance free policy'. WTF??! People can't wear perfume or cologne now?? Sounds like something the whack job Mayor of ... http://www.sydneysun.com/index.php/sid/214675444/scat/aab68ad4e262a072 Tue, 21 May 2013 18:56:19 -0400 http://www.sydneysun.com/index.php/sid/214675444/scat/aab68ad4e262a072 Sen. Larry Taylor, R-Friendswood, is blaming Steve Mostyn, the Houston attorney and Democratic mega-donor who in many ways has become the face of windstorm litigation since Hurricane Ike, as the primary reason Taylor's Senate Bill 1700 is ... http://www.sydneysun.com/index.php/sid/214675445/scat/aab68ad4e262a072 Tue, 21 May 2013 18:54:22 -0400 http://www.sydneysun.com/index.php/sid/214675445/scat/aab68ad4e262a072 The great majority of U.S. millionaires 88 percent say theyre feeling better about their financial stability, but most dont take into account the big surprises life offers up, such as the burden of parents medical bills. The great majority of U.S. millionaires 88 percent say theyre feeling better about their financial stability, but most dont take into account the big surprises life offers ... http://www.sydneysun.com/index.php/sid/214675416/scat/aab68ad4e262a072 Tue, 21 May 2013 18:29:30 -0400 http://www.sydneysun.com/index.php/sid/214675416/scat/aab68ad4e262a072 Developer Renzo Renzis attempt to stop foreclosure auctions on two Miami condominium projects through Chapter 7 filings has failed. U.S. Bankruptcy Judge Laurel Isicoff granted a motion by an affiliate of Miami Beach-based developer Crescent Heights to continue pursuing its foreclosure lawsuit against Renzis Beacon at Brickell Village, Beacon Developer Partners and Blue on Coral Way. Renzis ... http://www.sydneysun.com/index.php/sid/214675415/scat/aab68ad4e262a072 Tue, 21 May 2013 18:10:10 -0400 http://www.sydneysun.com/index.php/sid/214675415/scat/aab68ad4e262a072 Houston asset manager Salient Partners LP merged one of its fund of funds into an institutional investor-oriented fund of funds at the end of the first quarter, regulatory filings show. Houston asset manager Salient Partners LP merged one of its fund of funds into an institutional investor-oriented fund of funds at the end of the first quarter, Tuesday regulatory filings show. That means all of ... http://www.sydneysun.com/index.php/sid/214675414/scat/aab68ad4e262a072 Tue, 21 May 2013 18:09:01 -0400 http://www.sydneysun.com/index.php/sid/214675414/scat/aab68ad4e262a072 More data is power, but then again knowledge goes only so far - especially in workers' compensation. A report out on Tuesday shows continued workers' comp rate decreases on average countrywide through 2011, but don't expect that to continue, one of the report's authors said. "What sort of surprised me was that pretty much everyone has continued to go down, to ... http://www.sydneysun.com/index.php/sid/214674083/scat/aab68ad4e262a072 Tue, 21 May 2013 17:42:43 -0400 http://www.sydneysun.com/index.php/sid/214674083/scat/aab68ad4e262a072 How much is my deductible? Health insurance deductibles typically only go one direction: up. It's not unusual for people these days to be responsible for paying thousands of dollars in medical ... http://www.sydneysun.com/index.php/sid/214671175/scat/aab68ad4e262a072 Tue, 21 May 2013 17:06:48 -0400 http://www.sydneysun.com/index.php/sid/214671175/scat/aab68ad4e262a072 Sabal Financial Group is moving into the lending market for small residential projects, with a pair of relatively small projects in Sacramento and Granite Bay. Pacific Housing, a not-for-profit builder, will receive a $9.9 million loan to acquire a 1.2-acre piece of land in Sacramento for 34 detached townhomes. In another loan, Premier United Communities has received $4.8 million from Sabal for ... http://www.sydneysun.com/index.php/sid/214671108/scat/aab68ad4e262a072 Tue, 21 May 2013 16:38:40 -0400 http://www.sydneysun.com/index.php/sid/214671108/scat/aab68ad4e262a072 The Golden State's credit rating improved this year, according to the 2013 State Credit Quality Report. California moved from 44 to 41 in Conning's annual credit rankings, which evaluated states on employment growth, home price appreciation and number of foreclosures. A new private study is giving California some credit. The Golden States credit rating improved this year, according to ... http://www.sydneysun.com/index.php/sid/214671116/scat/aab68ad4e262a072 Tue, 21 May 2013 16:13:31 -0400 http://www.sydneysun.com/index.php/sid/214671116/scat/aab68ad4e262a072 The Denver Business Journals May 21 CFO Forum today focuses on two timely trends that chief financial officers deal with adapting to the ever-changing corporate world and helping their companies do deals such as mergers and acquisitions. The forum at the Marriott Hotel Denver City Center hotel includes two panel discussions: Navigating a changing corporate landscape and Denver Deals Behind the ... http://www.sydneysun.com/index.php/sid/214671049/scat/aab68ad4e262a072 Tue, 21 May 2013 16:09:41 -0400 http://www.sydneysun.com/index.php/sid/214671049/scat/aab68ad4e262a072 Iowa City, Iowa, officials say their insurance claim over a costly landfill fire last year remains in dispute, and it may force legal action. The Travelers Companies claims the landfill cell that burned for 15 days last May was not listed on the policy’s municipal assets, the Iowa City Press-Citizen reported. "As the dispute may end in litigation, extensive comment by City Council or ... http://www.sydneysun.com/index.php/sid/214669432/scat/aab68ad4e262a072 Tue, 21 May 2013 15:17:46 -0400 http://www.sydneysun.com/index.php/sid/214669432/scat/aab68ad4e262a072 Spontaneous combustion causes more than 14,000 fires a year, according to the National Fire Protection Association. That's why everyone should know about the materials that can cause spontaneous combustion, said Daniel Hogan, an attorney with the law office of Robert A Stutman. Hogan, speaking at the Property Loss Research Bureau's (PLRB) national conference held in Boston last month, ... http://www.sydneysun.com/index.php/sid/214669433/scat/aab68ad4e262a072 Tue, 21 May 2013 15:17:38 -0400 http://www.sydneysun.com/index.php/sid/214669433/scat/aab68ad4e262a072 Atlantic Coast Financial President and CEO Tom Frankland. Despite the push-back from dissenters, Tom Frankland, CEO of Atlantic Coast Financial Corp., sees the proposed merger with Bond Street Holdings as the best option for the bank. Jacksonville-based Atlantic Coast Financial (NASDAQ: ACFC) is the holding company for Atlantic Coast Bank, which will merge into Weston-based Bond Street Holdings, ... http://www.sydneysun.com/index.php/sid/214669382/scat/aab68ad4e262a072 Tue, 21 May 2013 15:09:51 -0400 http://www.sydneysun.com/index.php/sid/214669382/scat/aab68ad4e262a072 Park Gates at City Place was sold by The Connor Group to a new investor. In the second property sale this month, Ohio-based The Connor Group has sold Park Gates at City Place, a 228-unit apartment property in East Dallas. Terms of the deal, including the investor purchasing the property, were undisclosed, a company official told me Tuesday. The Connor Group owned the East Dallas property for six ... http://www.sydneysun.com/index.php/sid/214669381/scat/aab68ad4e262a072 Tue, 21 May 2013 15:06:39 -0400 http://www.sydneysun.com/index.php/sid/214669381/scat/aab68ad4e262a072 John Habbert is a founding member of the Queen City Angels. Seed capital investment group Queen City Angels is about to complete its biggest investment fund ever, and itll be bigger than the group originally planned. The new fund will give Cincinnatis largest angel capital group as much as $10 million it can start investing by late summer. Queen City Angels founding member John Habbert told a ... http://www.sydneysun.com/index.php/sid/214669380/scat/aab68ad4e262a072 Tue, 21 May 2013 14:49:45 -0400 http://www.sydneysun.com/index.php/sid/214669380/scat/aab68ad4e262a072 Juan del Busto, Ocean Bank board member. Ocean Bank added Juan del Busto, the former head of the Federal Reserve Bank of Atlantas Miami branch, to its board of directors. The move should give the Miami-based bank a boost in its dealings with regulators. The bank has been under enforcement orders from the Federal Deposit Insurance Corp. and the Florida Office of Financial Regulation since 2007, ... http://www.sydneysun.com/index.php/sid/214667676/scat/aab68ad4e262a072 Tue, 21 May 2013 14:05:02 -0400 http://www.sydneysun.com/index.php/sid/214667676/scat/aab68ad4e262a072 Santa Rosa, Calif.-based McDonald-Leavitt Insurance Agency named Steve Heglin as a benefits specialist. Prior to joining the agency he worked for MetLife. Heglin previously owned a real estate appraisal company. McDonald-Leavitt Insurance Agency is part of the Leavitt ... http://www.sydneysun.com/index.php/sid/214667814/scat/aab68ad4e262a072 Tue, 21 May 2013 14:03:44 -0400 http://www.sydneysun.com/index.php/sid/214667814/scat/aab68ad4e262a072 The state Supreme Court has ruled in an ex-NFL player's case that Connecticut lawyers can't be sued for fraud for their conduct in court cases because of a centuries-old legal doctrine. The court's 5-1 decision last week came in the case of Bob Simms of Greenwich, who played for the New York Giants and Pittsburgh Steelers in the early 1960s and founded the investment firm Simms ... http://www.sydneysun.com/index.php/sid/214667822/scat/aab68ad4e262a072 Tue, 21 May 2013 14:03:42 -0400 http://www.sydneysun.com/index.php/sid/214667822/scat/aab68ad4e262a072 Vermont Mutual Insurance Group, based in Montpelier, Vt., announced that Susan Chicoine has been promoted to vice president of human resources. Chicoine has 25 years of experience working in the human resources field. Prior to joining Vermont Mutual Insurance Group as human resources director last August, she held a senior human resources management position with TD Bank. Chartered in 1828, the ... http://www.sydneysun.com/index.php/sid/214667821/scat/aab68ad4e262a072 Tue, 21 May 2013 14:03:42 -0400 http://www.sydneysun.com/index.php/sid/214667821/scat/aab68ad4e262a072 The Maine Legislature last week voted down a bill that sought to place stricter requirements on home insurers’ use of exclusions for losses on vacant homes. The bill LD 1413 (';An Act to Clarify Limitations on Homeowner’s Insurance Policies Regarding Claims on Vacant Properties';) was introduced by state Sen. Margaret Craven, D-Lewiston. It would have required a homeowners ... http://www.sydneysun.com/index.php/sid/214667820/scat/aab68ad4e262a072 Tue, 21 May 2013 14:03:41 -0400 http://www.sydneysun.com/index.php/sid/214667820/scat/aab68ad4e262a072 Insurance companies will pay $600,000 to a former officer who sued the Sophia Police Department over claims he was harassed and fired because he is black, Mayor Danny Barr said. That payout is more than the small West Virginia town’s entire $560,000 annual budget. While there’s no immediate cost to taxpayers, Barr said he worries the deal with former officer Damon McDowell may ... http://www.sydneysun.com/index.php/sid/214667819/scat/aab68ad4e262a072 Tue, 21 May 2013 14:03:41 -0400 http://www.sydneysun.com/index.php/sid/214667819/scat/aab68ad4e262a072 Corporate leaders from the defense, technology, energy and banking industries told President Barack Obama on Wednesday they agreed cyber attacks were a top security threat but that they were looking for a ';light touch'; from the government in response to the risk. Obama and his top security advisers met with chief executives from 13 companies in the White House Situation Room to talk ... http://www.sydneysun.com/index.php/sid/214667818/scat/aab68ad4e262a072 Tue, 21 May 2013 14:03:41 -0400 http://www.sydneysun.com/index.php/sid/214667818/scat/aab68ad4e262a072 New York’s top financial and insurance regulator on Wednesday ordered the peer-to-peer car-sharing service firm RelayRides to cease and desist what the regulators called the company’s ';repeated false advertising and violations of insurance law, which are putting the public at risk.'; Until further notice, the company has agreed to no longer conduct business in New York ... http://www.sydneysun.com/index.php/sid/214667817/scat/aab68ad4e262a072 Tue, 21 May 2013 14:03:40 -0400 http://www.sydneysun.com/index.php/sid/214667817/scat/aab68ad4e262a072 Federal wage and hour lawsuits have reached a surprise record high, according to a report by law firm Seyfarth Shaw LLP. Cases filed under the Fair Labor Standards Act (FLSA) in have continued to skyrocket in 2013, despite indications that these filings had moderated during the past 12 months, the firm said. There were 7,764 FLSA cases filed in 2013, up 10 percent from 2012 which saw 7,064 ... http://www.sydneysun.com/index.php/sid/214667815/scat/aab68ad4e262a072 Tue, 21 May 2013 14:03:40 -0400 http://www.sydneysun.com/index.php/sid/214667815/scat/aab68ad4e262a072 Cybersecurity professionals know a myriad of ways hackers can try to wreak havoc on critical infrastructure or infiltrate corporations to steal or spy, but it is the fear of the unknown that some say keeps them up at night. U.S. security officials and private sector experts wonder what kinds of time-bombs can be – or have been – embedded by malware into computer networks, just ... http://www.sydneysun.com/index.php/sid/214667816/scat/aab68ad4e262a072 Tue, 21 May 2013 14:03:40 -0400 http://www.sydneysun.com/index.php/sid/214667816/scat/aab68ad4e262a072 Standard & Poor's lowered its rating on J.C. Penney's term loan. Standard and Poor's Ratings Services on Tuesday announced it is lowering the rating it gave Plano-based J.C. Penney's term loan further into junk status, to "B-" from "B." Bloomberg Businessweek cited an AP story that said the service cut the rating because Penney (NYSE: JCP) raised the size of term ... http://www.sydneysun.com/index.php/sid/214667757/scat/aab68ad4e262a072 Tue, 21 May 2013 13:59:13 -0400 http://www.sydneysun.com/index.php/sid/214667757/scat/aab68ad4e262a072 CBRE Lisa Ferrazza has taken the Shops at Boca Center to full occupancy. The addition of Seacoast National Bank to The Shops at Boca Center takes it to 100 percent occupancy. The property, at 5100 Town Center Circle, is a 375,000-square-foot, mixed-use shopping center. Seacoast National Bank is slated to open in June. Other notable tenants at the property include: Roccos Tacos, Mortons, Total ... http://www.sydneysun.com/index.php/sid/214667756/scat/aab68ad4e262a072 Tue, 21 May 2013 13:52:13 -0400 http://www.sydneysun.com/index.php/sid/214667756/scat/aab68ad4e262a072 In some places around the world, it is possible to arrange good, comprehensive health insurance for less than $100 per month. In some countries the cost of medical care can be so low that it can make more sense to pay for it as you need it, rather than insuring against it. And, under certain circumstances, health care can even be free. These are all potential upsides of one of the most important, ... http://www.sydneysun.com/index.php/sid/214665330/scat/aab68ad4e262a072 Tue, 21 May 2013 13:29:34 -0400 http://www.sydneysun.com/index.php/sid/214665330/scat/aab68ad4e262a072 By Huw JonesLONDON (Reuters) - The European Union is nearing a deal on long-delayed insurance rules that the bloc has touted as a regulatory benchmark for the world to follow, regulatory and policy officials said.The rules, known as "Solvency II", will seek to improve the method for deciding how much capital an insurer must hold as a safety buffer by better assessing risks and ... http://www.sydneysun.com/index.php/sid/214665331/scat/aab68ad4e262a072 Tue, 21 May 2013 13:28:54 -0400 http://www.sydneysun.com/index.php/sid/214665331/scat/aab68ad4e262a072 By Chris VellacottLONDON (Reuters) - Britain plans to boost the insurance industry with policy sweeteners such as tax breaks, hoping to nurture it as a source of investment and an engine of economic growth.Treasury minister Greg Clark said the government would extend to the insurance industry a series of measures announced earlier this year to boost asset managers."The government recognises ... http://www.sydneysun.com/index.php/sid/214665074/scat/aab68ad4e262a072 Tue, 21 May 2013 13:28:35 -0400 http://www.sydneysun.com/index.php/sid/214665074/scat/aab68ad4e262a072 As the meeting opened, current CEO and chair Jamie Dimon said he was delighted to be in Tampa at JPMorgans Highland Oaks campus, which he called a key operating center for the company. Shareholders of JPMorgan Chase and Co. meeting today in Tampa defeated a proposal to require the company have an independent director as board chairman. The proposal, backed by the AFSCME ... http://www.sydneysun.com/index.php/sid/214667755/scat/aab68ad4e262a072 Tue, 21 May 2013 13:27:06 -0400 http://www.sydneysun.com/index.php/sid/214667755/scat/aab68ad4e262a072 WASHINGTON -; The farm bill the Senate is considering this week would cut some farm subsidies but also expand government-subsidized crop insurance, a safety net used by many farmers in case of bad weather or lost ... http://www.sydneysun.com/index.php/sid/214665332/scat/aab68ad4e262a072 Tue, 21 May 2013 13:26:02 -0400 http://www.sydneysun.com/index.php/sid/214665332/scat/aab68ad4e262a072 The High Court in Bangladesh’s capital has asked authorities to prevent the owner of a garment factory where 112 people died in a fire last year from leaving the country, a lawyer said. The High Court made the request in response to a petition seeking the arrest of Delwar Hossain, the owner of Tazreen Fashions Ltd. It also asked authorities to bring Hossain before the court on May 30. No ... http://www.sydneysun.com/index.php/sid/214665300/scat/aab68ad4e262a072 Tue, 21 May 2013 13:18:06 -0400 http://www.sydneysun.com/index.php/sid/214665300/scat/aab68ad4e262a072 Plans by health minister Edith Schippers to allow health insurers to restrict patient access to approved providers will give them too much power, according to Dutch dentists' association NMT. The minister plans to allow insurers to refuse to pay for treatment carried out by practitioners not on their approved list. Some 95,000 people have now signed a petition against the changes, which ... http://www.sydneysun.com/index.php/sid/214665333/scat/aab68ad4e262a072 Tue, 21 May 2013 13:14:05 -0400 http://www.sydneysun.com/index.php/sid/214665333/scat/aab68ad4e262a072 Gov. Neil Abercrombie delivered the opening address of the National Conference on Public Employee Retirement Systems conference at the Hilton Hawaiian Village Waikiki Beach Resort. A third of the members of the National Conference on Public Employee Retirement Systems who attended the group's annual meeting in New York last year are skipping this year's meeting in Hawaii because of ... http://www.sydneysun.com/index.php/sid/214667754/scat/aab68ad4e262a072 Tue, 21 May 2013 13:11:50 -0400 http://www.sydneysun.com/index.php/sid/214667754/scat/aab68ad4e262a072 May 21, 2013 /CNW/ - Manulife Strategic Income Opportunities Fund (TSX: MSO.UN) (the "Fund") announced today that a monthly cash distribution in the amount of $0.05417 per unit of the Fund will be paid ... http://www.sydneysun.com/index.php/sid/214665337/scat/aab68ad4e262a072 Tue, 21 May 2013 13:06:52 -0400 http://www.sydneysun.com/index.php/sid/214665337/scat/aab68ad4e262a072 Three large banks have nearly halted foreclosure sales while making sure they are meeting revised standards on how troubled homeowners are to be treated. Wells Fargo and Co., JPMorgan Chase and Co. and Citigroup Inc. have nearly halted foreclosure sales after federal regulators revised orders on the how troubled borrowers were to be treated before losing their homes. But Bank of America Corp. is ... http://www.sydneysun.com/index.php/sid/214667749/scat/aab68ad4e262a072 Tue, 21 May 2013 13:06:09 -0400 http://www.sydneysun.com/index.php/sid/214667749/scat/aab68ad4e262a072 Jamie Dimon will remain as CEO and chairman of JPMorgan Chase & Co. Jamie Dimon will keep his titles of chairman and CEO of JPMorgan Chase and Co. after shareholders voted down a proposal to split the company's top two jobs. The New York Times reported that New York City-based Chase (NYSE: JPM), the nation's largest banking company, also saw its entire board of 11 directors re-elected. ... http://www.sydneysun.com/index.php/sid/214667753/scat/aab68ad4e262a072 Tue, 21 May 2013 13:06:08 -0400 http://www.sydneysun.com/index.php/sid/214667753/scat/aab68ad4e262a072 +3.07% said Tuesday it has hired PricewaterhouseCoopers LLC as independent auditors. The move comes after Herbalife's previous auditor KPMG LLP resigned due to unlawful activities by a then-partner at the firm. Shares of Herbalife resumed trading after being halted briefly and are up almost ... http://www.sydneysun.com/index.php/sid/214665193/scat/aab68ad4e262a072 Tue, 21 May 2013 12:56:42 -0400 http://www.sydneysun.com/index.php/sid/214665193/scat/aab68ad4e262a072 WASHINGTON (MarketWatch) -- Regulators have noticed a loosening of underwriting standards in some markets, in particular in certain real-estate investment trusts, Treasury Secretary Jacob Lew said on ... http://www.sydneysun.com/index.php/sid/214665304/scat/aab68ad4e262a072 Tue, 21 May 2013 12:56:29 -0400 http://www.sydneysun.com/index.php/sid/214665304/scat/aab68ad4e262a072 If a pictures worth a thousand words, 11,000-plus local and national media mentions add up to $12.7 million for Citi Park, but coverage of PNC Park wasnt exactly a home run during the first six weeks of the 2013 Major League Baseball season, according to a new study. The home turf of the Pittsburgh Pirates ranked 16th among the 19 corporate-branded MLB stadiums in terms of the number of times it ... http://www.sydneysun.com/index.php/sid/214665336/scat/aab68ad4e262a072 Tue, 21 May 2013 12:55:30 -0400 http://www.sydneysun.com/index.php/sid/214665336/scat/aab68ad4e262a072 Avery More of Menlo Ventures sees massive disruption coming to all levels of education, thanks to technology. A very More made a mark more than 20 years ago running 1980s computer retail pioneers CompuCom and Computer City, which he sold to CompUSA in 1998. But he says he has always been more of a tech entrepreneur than a retail guy and that is where he focuses these days. He has concentrated ... http://www.sydneysun.com/index.php/sid/214665335/scat/aab68ad4e262a072 Tue, 21 May 2013 12:55:12 -0400 http://www.sydneysun.com/index.php/sid/214665335/scat/aab68ad4e262a072 California businesses would be prohibited from firing or retaliating against employees who take advantage of the state’s paid family leave program under a job-protection bill moving through the Legislature. The legislation would protect workers who use the California Paid Family Leave insurance program, which allows qualified employees to take up to six weeks off with partial pay. ... http://www.sydneysun.com/index.php/sid/214665343/scat/aab68ad4e262a072 Tue, 21 May 2013 12:44:44 -0400 http://www.sydneysun.com/index.php/sid/214665343/scat/aab68ad4e262a072 The board of directors for Utah's Workers Compensation Fund declared a dividend to be distributed to a majority of policyholders in May. Policyholders can expect to receive 5 percent of their 2012 earned premium. With this distribution, WCF will have returned more than $351 million in dividends to its policyholders since 1992. This equates to nearly 40 percent of operating income, almost 10 ... http://www.sydneysun.com/index.php/sid/214665339/scat/aab68ad4e262a072 Tue, 21 May 2013 12:44:44 -0400 http://www.sydneysun.com/index.php/sid/214665339/scat/aab68ad4e262a072 Texas Insurance Commissioner Eleanor Kitzman could have trouble winning Senate confirmation to keep her job, as Democrats with enough votes to defeat her nomination question her credentials. Kitzman ... http://www.sydneysun.com/index.php/sid/214665342/scat/aab68ad4e262a072 Tue, 21 May 2013 12:44:44 -0400 http://www.sydneysun.com/index.php/sid/214665342/scat/aab68ad4e262a072 Privilege Underwriters Reciprocal Exchange (PURE), the policyholder-owned property/casualty insurer that exclusively caters to high net worth individuals and families, will begin offering automobile insurance to its membership in Massachusetts. PURE began insuring fine homes, jewelry and art collections, excess liability and watercraft in the Commonwealth in 2011. PURE Member Advocates offer ... http://www.sydneysun.com/index.php/sid/214665229/scat/aab68ad4e262a072 Tue, 21 May 2013 12:44:43 -0400 http://www.sydneysun.com/index.php/sid/214665229/scat/aab68ad4e262a072 The Missouri General Assembly made big strides this year towards modernizing how policyholders can access information associated with their insurance policy, according to the Property Casualty Insurers Association of America (PCI). The General Assembly passed SB 322 which allows consumers to use electronic devices to show evidence of insurance as well as permits property casualty insurers to post ... http://www.sydneysun.com/index.php/sid/214665341/scat/aab68ad4e262a072 Tue, 21 May 2013 12:44:43 -0400 http://www.sydneysun.com/index.php/sid/214665341/scat/aab68ad4e262a072 Barney & Barney LLC has hired insurance executive Sarah Vallette for its office in San Francisco. Vallette will work with a team of professionals offering commercial property/casualty insurance, employee benefits, workers' compensation, compensation consulting, executive liability, personal lines and surety. She has 12 years of insurance industry experience. Prior to Barney & ... http://www.sydneysun.com/index.php/sid/214665340/scat/aab68ad4e262a072 Tue, 21 May 2013 12:44:43 -0400 http://www.sydneysun.com/index.php/sid/214665340/scat/aab68ad4e262a072 An estimated EF4 tornado with a wind range of up to 200 mph roared through the Oklahoma City suburb of Moore, Okla., on May 20, leaving behind massive devastation and at least 24 confirmed dead. Earlier media reports indicated as many as 51 fatalities resulted from the storm. Authorities have said that the death toll from the tornado could rise as recovery efforts are ongoing. President Obama ... http://www.sydneysun.com/index.php/sid/214665346/scat/aab68ad4e262a072 Tue, 21 May 2013 12:44:42 -0400 http://www.sydneysun.com/index.php/sid/214665346/scat/aab68ad4e262a072 The Main Street America Group has introduced its commercial product line, featuring its Main Line Business Owners Policy (Main Line BOP), to independent agents who represent the super regional property/casualty insurance carrier's Austin Mutual Insurance Co. throughout the state of Wisconsin. In addition to Main Line BOP, a property and liability product for small business owners that ... http://www.sydneysun.com/index.php/sid/214665345/scat/aab68ad4e262a072 Tue, 21 May 2013 12:44:42 -0400 http://www.sydneysun.com/index.php/sid/214665345/scat/aab68ad4e262a072 A mother and daughter have been charged with setting a fire that heavily damaged the older woman’s home in Stratford, Conn. Police tell ... http://www.sydneysun.com/index.php/sid/214665344/scat/aab68ad4e262a072 Tue, 21 May 2013 12:44:42 -0400 http://www.sydneysun.com/index.php/sid/214665344/scat/aab68ad4e262a072 XL Group has added to its inland marine business with customizable coverage for mid-to-large size trucking operations in North America. Motor truck cargo coverage solutions includes flexible limits on 23 additional coverages, 22 optional endorsements, multiple reporting options and payment plans. Coverage is available on a full policy limit, primary, excess and participation using either ... http://www.sydneysun.com/index.php/sid/214665347/scat/aab68ad4e262a072 Tue, 21 May 2013 12:44:42 -0400 http://www.sydneysun.com/index.php/sid/214665347/scat/aab68ad4e262a072 A Republican-controlled panel in the U.S. House of Representatives on Wednesday approved the biggest cuts in food stamps for the poor in a generation and a potentially expensive expansion of federally subsidized crop insurance. The House Agriculture Committee approved a five-year, $500 billion farm bill on a 36-10 vote. The next step will be debate by the full House, which is likely to start in ... http://www.sydneysun.com/index.php/sid/214665292/scat/aab68ad4e262a072 Tue, 21 May 2013 12:44:41 -0400 http://www.sydneysun.com/index.php/sid/214665292/scat/aab68ad4e262a072 LPL Financial LLC must pay a total of $9 million for significant email system failures and making misstatements to Wall Street’s watchdog, the regulator said on Tuesday. LPL, an affiliate of LPL Financial Holdings Inc., agreed to a fine of $7.5 million and will establish a $1.5 million fund to compensate brokerage customers potentially affected by email violations, according to a ... http://www.sydneysun.com/index.php/sid/214665349/scat/aab68ad4e262a072 Tue, 21 May 2013 12:44:41 -0400 http://www.sydneysun.com/index.php/sid/214665349/scat/aab68ad4e262a072 With a barrage of legal briefs, a coalition of business groups and Republican-leaning states are taking their fight against Obama administration climate change regulations to the U.S. Supreme Court. The U.S. Chamber of Commerce and other industry groups, along with states such as Texas and Virginia, have filed nine petitions in recent weeks asking the justices to review four U.S. Environmental ... http://www.sydneysun.com/index.php/sid/214665348/scat/aab68ad4e262a072 Tue, 21 May 2013 12:44:41 -0400 http://www.sydneysun.com/index.php/sid/214665348/scat/aab68ad4e262a072 After showing some financial improvements, Millennium Bank is getting a bit of regulatory slack. The Comptroller of the Currency lifted a previous enforcement action that's been hanging over the bank for five years and replaced it with a less stringent one. That's despite the fact that Sterling-based Millennium, which has been trying to raise capital or sell itself for several years, had ... http://www.sydneysun.com/index.php/sid/214665246/scat/aab68ad4e262a072 Tue, 21 May 2013 12:32:05 -0400 http://www.sydneysun.com/index.php/sid/214665246/scat/aab68ad4e262a072 Anson Aviation is raising about $3 million in capital to fund the construction of a 24,000-square-foot hanger at the Sugar Land Regional Airport. Anson Aviation is raising about $3 million in capital to fund the construction of a 24,000-square-foot hanger at the Sugar Land Regional Airport. Securities filings showed a company managed by Anson is raising $1.4 million in equity in two separate ... http://www.sydneysun.com/index.php/sid/214665245/scat/aab68ad4e262a072 Tue, 21 May 2013 12:21:24 -0400 http://www.sydneysun.com/index.php/sid/214665245/scat/aab68ad4e262a072 No. 1: World Fuel (NYSE: INT) Michael J. Kasbar is president and CEO, while Paul H. Stebbins is executive chairman. The debate over whether Jamie Dimon should keep both his CEO and chairman roles at JPMorgan Chase (NYSE: JPM) was settled this morning he will -- but it made me wonder how South Florida's largest public companies are structured. There's quite a bit of variation as shown in ... http://www.sydneysun.com/index.php/sid/214665098/scat/aab68ad4e262a072 Tue, 21 May 2013 11:56:45 -0400 http://www.sydneysun.com/index.php/sid/214665098/scat/aab68ad4e262a072 Pittsburgh is faring better than some of its fellow Rust Belt cities because residents became better educated and because of where the college and universities are located, according to a Federal Reserve Bank of Cleveland study that also looked at Buffalo, Cleveland and Detroit. Fed Economist Daniel Hartley found inward contraction of higher-income neighborhoods as the areas bordering them become ... http://www.sydneysun.com/index.php/sid/214665334/scat/aab68ad4e262a072 Tue, 21 May 2013 11:54:23 -0400 http://www.sydneysun.com/index.php/sid/214665334/scat/aab68ad4e262a072 Dallas-based Tex-Mex restaurant chain El Fenix says that it will offer limited insurance coverage to its 1,200 workers, covering prescription drugs, preventive care, and physician visits, in order to gain eligibility for the weaker version of Obamacare's employer mandate. Last week, ... http://www.sydneysun.com/index.php/sid/214663463/scat/aab68ad4e262a072 Tue, 21 May 2013 11:54:08 -0400 http://www.sydneysun.com/index.php/sid/214663463/scat/aab68ad4e262a072 Dynegy Inc. (NYSE: DYN) said Tuesday it completed a private placement of $500 million in senior notes due 2023. Dynegy Inc. (NYSE: DYN) said Tuesday it completed a private placement of $500 million in senior notes due 2023. The Houston electric power company, which emerged from Chapter 11 bankruptcy protection late last year, said it has used the proceeds from the offering to pay off a $500 ... http://www.sydneysun.com/index.php/sid/214665243/scat/aab68ad4e262a072 Tue, 21 May 2013 11:51:50 -0400 http://www.sydneysun.com/index.php/sid/214665243/scat/aab68ad4e262a072 Trident Insurance Services and The McGowan Cos. have formed a new partnership that will allow McGowan agents and brokers to sell Trident's public entity insurance program in Pennsylvania. One of Trident's products is law enforcement liability. Trident Insurance Services LLC has formed an exclusive partnership with The McGowan Cos. to provide public entity insurance in Pennsylvania. The ... http://www.sydneysun.com/index.php/sid/214665338/scat/aab68ad4e262a072 Tue, 21 May 2013 11:17:32 -0400 http://www.sydneysun.com/index.php/sid/214665338/scat/aab68ad4e262a072 Telematics devices installed in cars could reward more cautious Alberta drivers with lower insurance rates. The province is currently studying whether to allow the voluntary devices, which are already being used in ... http://www.sydneysun.com/index.php/sid/214663576/scat/aab68ad4e262a072 Tue, 21 May 2013 10:56:28 -0400 http://www.sydneysun.com/index.php/sid/214663576/scat/aab68ad4e262a072 The Alabama Revenue Department said it has corrected about 15,000 Alabama car titles that were erroneously sent to vehicle owners instead of vehicle lienholders. The state Revenue Department’s motor vehicle division reports the mistake happened during four days in late April and early May, and it was the result of a computer upgrade glitch. Motor vehicle division manager Brenda Coone said ... http://www.sydneysun.com/index.php/sid/214663577/scat/aab68ad4e262a072 Tue, 21 May 2013 10:34:05 -0400 http://www.sydneysun.com/index.php/sid/214663577/scat/aab68ad4e262a072 A group in Murfreesboro has started a petition to end the use of red-light cameras, but police say the traffic enforcement measure has improve safety. Middle Tennessee State University student Axl David, who heads Citizens Against Photo Enforcement, said he plans to submit the petition to City Council after 1,000 people have signed it. The group complains that the city uses the cameras to ... http://www.sydneysun.com/index.php/sid/214663578/scat/aab68ad4e262a072 Tue, 21 May 2013 10:34:05 -0400 http://www.sydneysun.com/index.php/sid/214663578/scat/aab68ad4e262a072 Federal wage and hour lawsuits have reached a surprise record high, according to a report by law firm Seyfarth Shaw LLP. Cases filed under the Fair Labor Standards Act (FLSA) in have continued to skyrocket in 2013, despite indications that these filings had moderated during the past 12 months, the firm said. There were 7,764 FLSA cases filed in 2013, up 10 percent from 2012 which saw 7,064 ... http://www.sydneysun.com/index.php/sid/214663579/scat/aab68ad4e262a072 Tue, 21 May 2013 10:34:03 -0400 http://www.sydneysun.com/index.php/sid/214663579/scat/aab68ad4e262a072 H&R Block said it has made no commitment to Enroll America. ';We received a phone call from the Secretary during which the Secretary discussed supporting Enroll America,'; the company said in a statement. ';While we took her suggestion under consideration, we have made no commitment,'; it said. The Robert Wood Johnson Foundation said in a statement that it had ... http://www.sydneysun.com/index.php/sid/214663580/scat/aab68ad4e262a072 Tue, 21 May 2013 10:34:02 -0400 http://www.sydneysun.com/index.php/sid/214663580/scat/aab68ad4e262a072 The U.S. Senate should cut crop insurance subsidies, the most expensive part of the farm safety net, by $1 billion a year before it passes the new farm bill, the White House said on Monday. The five-year farm bill would cost about $500 billion, with three-fourths of the money going to food stamps for the poor. Senators could vote on the bill within a week. The House was expected to debate its ... http://www.sydneysun.com/index.php/sid/214662109/scat/aab68ad4e262a072 Tue, 21 May 2013 09:18:57 -0400 http://www.sydneysun.com/index.php/sid/214662109/scat/aab68ad4e262a072 Wells Fargo and Co. and Citigroup Inc. have virtually stopped foreclosure sales to make sure their procedures were in line with revised orders from federal regulators on how the troubled borrowers were to be treated before losing their homes. But Bank of America Corp. has continued sales, apparently confident that its procedures meet the revised standards, the Los Angeles Times reported. The halted ... http://www.sydneysun.com/index.php/sid/214662068/scat/aab68ad4e262a072 Tue, 21 May 2013 09:04:07 -0400 http://www.sydneysun.com/index.php/sid/214662068/scat/aab68ad4e262a072 The Senate is debating cuts to the federally subsidized crop insurance program as it considers a massive farm bill this week.  The Obama administration said Monday it wants to see more cuts to crop insurance and farm subsidies in the legislation, which would cost almost $100 billion a year over five years and would set policy for farm programs and food aid.  The bill would cut about ... http://www.sydneysun.com/index.php/sid/214660779/scat/aab68ad4e262a072 Tue, 21 May 2013 08:20:19 -0400 http://www.sydneysun.com/index.php/sid/214660779/scat/aab68ad4e262a072 Kentucky and Rhode Island are the two lowest-ranked states in the municipal bond market. According to The Wall Street Journal, those are the findings of a recent report done by asset manager Conning. North Dakota and South Dakota top the list. Indiana comes in at No. 17. The report shows that the economic recovery is stronger in some places than others, the Journal ... http://www.sydneysun.com/index.php/sid/214660633/scat/aab68ad4e262a072 Tue, 21 May 2013 08:03:20 -0400 http://www.sydneysun.com/index.php/sid/214660633/scat/aab68ad4e262a072 Paul Carrozza Austin-based RunTex Inc.'s money woes are becoming more complicated, as a lender alleges it is owed $625,000, and has filed a lawsuit to ensure it collects that money prior to the landlord of the shuttered flagship store receiving his funds a $150,000 judgment. Court records indicate that Run-Tex Lending LLC composed of "local fans of the brand" wanting to help the ... http://www.sydneysun.com/index.php/sid/214660742/scat/aab68ad4e262a072 Tue, 21 May 2013 07:59:15 -0400 http://www.sydneysun.com/index.php/sid/214660742/scat/aab68ad4e262a072 Duke Realty is selling 17 Midwest office buildings as part of an effort to diversify its portfolio of holdings. Duke Realty Corp. plans to sell 17 office buildings in Cincinnati, Cleveland and St. Louis as part of its strategy to rebalance its portfolio which is heavily weighted in Midwest properties, the Cincinnati Business Courier reports. Indianapolis-based Duke (NYSE:DRE) is selling all 17 ... http://www.sydneysun.com/index.php/sid/214660740/scat/aab68ad4e262a072 Tue, 21 May 2013 07:38:25 -0400 http://www.sydneysun.com/index.php/sid/214660740/scat/aab68ad4e262a072 The arguments both for and against the Affordable Care Act, commonly known as ObamaCare, have been exchanged ever since the legislation was proposed. Supporters of the act say that everybody will benefit from having health insurance, while critics of the act argue that the government should not interfere or mandate decisions that should be made individually by people, and that the costs of the ... http://www.sydneysun.com/index.php/sid/214659544/scat/aab68ad4e262a072 Tue, 21 May 2013 07:26:54 -0400 http://www.sydneysun.com/index.php/sid/214659544/scat/aab68ad4e262a072 JPMorgan Chase CEO Jamie Dimon is under pressure to relinquish his chairmanship. JPMorgan Chase and Co. (NYSE:JPM) shareholders vote Tuesday on whether to split the bank's chairman and chief executive roles, a move that some see as best practice, but one chairman and CEO Jamie Dimon says may cause him to leave, Reuters reports. Tuesday's annual meeting is the culmination of months of ... http://www.sydneysun.com/index.php/sid/214660739/scat/aab68ad4e262a072 Tue, 21 May 2013 07:18:53 -0400 http://www.sydneysun.com/index.php/sid/214660739/scat/aab68ad4e262a072 Merrill Lynch, Daytons largest money management firm and second largest stock brokerage, will remain in the tower but will no longer lease about 5,000 square feet on the 25th floor of the building starting June 1. A longtime resident of the Kettering Tower is downsizing after operating in excess space for several years. Merrill Lynch, Daytons largest money management firm and second largest ... http://www.sydneysun.com/index.php/sid/214659545/scat/aab68ad4e262a072 Tue, 21 May 2013 07:12:04 -0400 http://www.sydneysun.com/index.php/sid/214659545/scat/aab68ad4e262a072 May 20 (Bloomberg) -- In today's "Movers and Shakers," Bloomberg's Betty Liu highlights comments on the benefits of innovation from Federal Reserve Chairman Ben Bernanke's commencement speech at Bard College. She speaks on Bloomberg Television's "In The Loop." Wichita Business Journal employee Gary Nickel received this photo from his son, Justin Nickel, who was in ... http://www.sydneysun.com/index.php/sid/214659513/scat/aab68ad4e262a072 Tue, 21 May 2013 06:46:21 -0400 http://www.sydneysun.com/index.php/sid/214659513/scat/aab68ad4e262a072 Six people, including the two incumbents, are competing for the two member-at-large positions on the CalPERS board of administration. The California Public Employees Retirement System on Monday announced six candidates who are competing for the two member-at-large positions on the funds board of administration. The terms for the incumbents end in January 2014. Candidates for the first open ... http://www.sydneysun.com/index.php/sid/214658494/scat/aab68ad4e262a072 Tue, 21 May 2013 06:00:24 -0400 http://www.sydneysun.com/index.php/sid/214658494/scat/aab68ad4e262a072 OneBeacon Technology Insurance (OBTI), a member of OneBeacon Insurance Group, announced that Dana Lenahan has been appointed assistant vice president, technology claims, reporting to OneBeacon vice president of claims Theresa Gooley. In this role, Lenahan is accountable for all claims related to the Technology book of business. Lenahan succeeds Judi Lamble, who was recently promoted into an ... http://www.sydneysun.com/index.php/sid/214658495/scat/aab68ad4e262a072 Tue, 21 May 2013 05:53:37 -0400 http://www.sydneysun.com/index.php/sid/214658495/scat/aab68ad4e262a072 Because the sums were large and such attacks are relatively new, the two Middle East banks hit in a $45 million ATM heist face an uncertain path in trying to recover their losses, financial, insurance and legal experts say. Oman-based Bank of Muscat lost $40 million and United Arab Emirates-based National Bank of Ras Al Khaimah PSC (RAKBANK) lost $5 million in the global heist, U.S. prosecutors ... http://www.sydneysun.com/index.php/sid/214656615/scat/aab68ad4e262a072 Tue, 21 May 2013 03:40:19 -0400 http://www.sydneysun.com/index.php/sid/214656615/scat/aab68ad4e262a072 Louisiana's Lafourche Parish is preparing to begin more than $6 million in flood protection projects for the Raceland and Des Allemands areas. The Daily Comet reports the work includes revamping two pump stations and a bulkhead using money from federal grants. The bulkhead is on the Lafourche side of Bayou Des Allemands near the U.S. Highway 90 bridge. Parish public works director Kerry ... http://www.sydneysun.com/index.php/sid/214656617/scat/aab68ad4e262a072 Tue, 21 May 2013 03:40:18 -0400 http://www.sydneysun.com/index.php/sid/214656617/scat/aab68ad4e262a072 The California Highway Patrol and other statewide traffic safety groups have created a set of written guidelines on motorcycle "lane-splitting," the at-times hair-splitting maneuver that allows riders to legally pass vehicles in adjacent lanes by driving between them. While California is the only state in the country that allows lane-splitting, there had not been written guidelines on ... http://www.sydneysun.com/index.php/sid/214656618/scat/aab68ad4e262a072 Tue, 21 May 2013 03:40:16 -0400 http://www.sydneysun.com/index.php/sid/214656618/scat/aab68ad4e262a072 < 200){ requestedWidth = 200; } Lawmakers approved $15.5 million in annual state aid for police and fire pensions in lieu of an earlier proposal to add a surcharge to homeowner and auto insurance policies. The Minnesota Senate approved the measure as part of a tax bill Monday, May 20. It now goes to the governor for his approval. The pension aid will be divvied up between the retirement ... http://www.sydneysun.com/index.php/sid/214655730/scat/aab68ad4e262a072 Tue, 21 May 2013 02:40:08 -0400 http://www.sydneysun.com/index.php/sid/214655730/scat/aab68ad4e262a072 Detroit - The city's nine Democratic state House members announced an auto insurance reform package Monday that seeks to drive down the rates Detroiters pay as well as make public information from a $14 billion fund for catastrophic accident claims. The bills, still in draft form, would restructure the Michigan Catastrophic Claims Association to force it to hold open meetings, be subject to ... http://www.sydneysun.com/index.php/sid/214654866/scat/aab68ad4e262a072 Tue, 21 May 2013 01:59:51 -0400 http://www.sydneysun.com/index.php/sid/214654866/scat/aab68ad4e262a072 Melbourne 3000 Victoria's five biggest insurers will be called to explain large premium increases after the introduction of the Fire Services Levy.The State Government levy is designed to replace current insurance schemes and will be imposed on all households from July. But the scheme's monitor Professor Allan Fels says he has already received 190 complaints from consumers about ... http://www.sydneysun.com/index.php/sid/214654886/scat/aab68ad4e262a072 Tue, 21 May 2013 01:56:16 -0400 http://www.sydneysun.com/index.php/sid/214654886/scat/aab68ad4e262a072 WashingtonFirst CEO Shaza Andersen WashingtonFirst Bank is expanding its space in Reston Town Center, signing a new 10-year lease for 25,000 square feet, Virginia Business reported. Cresa Washington, D.C., which represented the bank in the transaction, says WashingtonFirst is adding 16,000 square feet to its current 9,000 square feet at its headquarters locaton at 11921 Freedom ... http://www.sydneysun.com/index.php/sid/214654005/scat/aab68ad4e262a072 Mon, 20 May 2013 23:57:04 -0400 http://www.sydneysun.com/index.php/sid/214654005/scat/aab68ad4e262a072 MAJOR insurers will be asked to publicly demonstrate that they will not offset the removal of the Victorian fire services levy with increases in premiums. There are already signs that insurers will increase premiums when the levy changes from being an insurance-based tax to a property-based one later this year, says Victorian Fire Services Levy Monitor Professor Allan Fels. "I am concerned ... http://www.sydneysun.com/index.php/sid/214653138/scat/aab68ad4e262a072 Mon, 20 May 2013 23:12:13 -0400 http://www.sydneysun.com/index.php/sid/214653138/scat/aab68ad4e262a072 SA An insurance executive who scammed clients of more than $400,000 has been given a suspended jail sentence.Craig John Horsell, 41 pleaded guilty in the Adelaide District Court to three charges of abusing his position for benefit. Between September 2007 and May 2010, including while he was a director of his father's insurance firm Horsell International, the man arranged for 89 clients to ... http://www.sydneysun.com/index.php/sid/214652226/scat/aab68ad4e262a072 Mon, 20 May 2013 22:43:51 -0400 http://www.sydneysun.com/index.php/sid/214652226/scat/aab68ad4e262a072 Woodruff-Sawyer & Co. named Chad Follmer health care practice Leader. Follmer has focused his 20-year career on insurance and risk management strategies developing and leading platforms to serve health care organizations and life sciences companies. He has lead several practices around this specialty and was most recently managing director, health care and life science practice leader for ... http://www.sydneysun.com/index.php/sid/214650169/scat/aab68ad4e262a072 Mon, 20 May 2013 20:09:39 -0400 http://www.sydneysun.com/index.php/sid/214650169/scat/aab68ad4e262a072 Senate Joint Resolution 18 would amend the Texas Constitution to authorize the Reverse Mortgage for Purchase program and would enhance consumer disclosure requirements for all reverse mortgage loans in Texas. The Texas House has approved legislation that would expand the scope of reverse mortgage lending in the state to the benefit of retirees, its supporters claim. Senate Joint Resolution 18 ... http://www.sydneysun.com/index.php/sid/214648971/scat/aab68ad4e262a072 Mon, 20 May 2013 19:00:08 -0400 http://www.sydneysun.com/index.php/sid/214648971/scat/aab68ad4e262a072 The Oakland City Council will vote Tuesday on a proposal to give the city's entrepreneurs more access to credit via a microlending program with help from nonprofit Kiva Microfunds. Barbara Parker, Oakland's city attorney, put this proposal before the council along with Libby Schaff, one of the city's council members. Oakland itself won't be lending any money, though. The proposal ... http://www.sydneysun.com/index.php/sid/214648970/scat/aab68ad4e262a072 Mon, 20 May 2013 18:57:56 -0400 http://www.sydneysun.com/index.php/sid/214648970/scat/aab68ad4e262a072 Eddie Franz of DST Market Systems models the latest in TreeSwing app T-shirts. DST Systems Inc. is attempting to appeal to a larger audience with a new effort aimed at giving regular consumers access to mutual funds. DST still is waiting for approval on the mobile investment app, TreeSwing, from the Financial Industry Regulatory Authority. But later this spring, the Kansas City-based ... http://www.sydneysun.com/index.php/sid/214648949/scat/aab68ad4e262a072 Mon, 20 May 2013 18:34:37 -0400 http://www.sydneysun.com/index.php/sid/214648949/scat/aab68ad4e262a072 Capital Bank has reported $2.7 million in reduced salaries and benefits after eliminating redundancies through its integration of Southern Community Bank & Trust. The merger between Southern Community Bank and Trust and Capital Bank has been contentious in some ways, but one source of relief in the deal to take over Winston-Salems largest home-grown community bank last year was that the impact ... http://www.sydneysun.com/index.php/sid/214648948/scat/aab68ad4e262a072 Mon, 20 May 2013 18:00:47 -0400 http://www.sydneysun.com/index.php/sid/214648948/scat/aab68ad4e262a072 a fund created to help victims of the Boston Marathon bombings has released final guidelines for distributing the money. The document released Wednesday gives top priority to the families of those who died, as well as double amputees and those who suffered permanent brain damage. Next are those with single amputations, then those whose injuries required an overnight hospital stay. They’re ... http://www.sydneysun.com/index.php/sid/214643889/scat/aab68ad4e262a072 Mon, 20 May 2013 17:50:53 -0400 http://www.sydneysun.com/index.php/sid/214643889/scat/aab68ad4e262a072 A study by Alexandra L. C. Martiniuk, M.Sc, Ph.D., of The George Institute for Global Health, Sydney, Australia, and colleagues suggests less sleep per night is associated with a significant increase in the risk for motor vehicle crashes for young drivers. Questionnaire responses were analyzed from 19,327 newly licensed drivers from 17 to 24 years old who held a first-stage provisional license ... http://www.sydneysun.com/index.php/sid/214643890/scat/aab68ad4e262a072 Mon, 20 May 2013 17:50:51 -0400 http://www.sydneysun.com/index.php/sid/214643890/scat/aab68ad4e262a072 Millions of people who rely on check-cashing stores, like this one in New York City, could run into trouble buying health ... http://www.sydneysun.com/index.php/sid/214642602/scat/aab68ad4e262a072 Mon, 20 May 2013 17:18:34 -0400 http://www.sydneysun.com/index.php/sid/214642602/scat/aab68ad4e262a072 Folsom-based software developer and reseller Rackwise again issued a warning that the company needs additional capital to continue to operate. Folsom-based software developer and reseller Rackwise Inc. again issued a warning in its quarterly financial statement that the company needs additional capital to continue to operate. In April, the company put out its annual report that said the company ... http://www.sydneysun.com/index.php/sid/214643869/scat/aab68ad4e262a072 Mon, 20 May 2013 17:07:22 -0400 http://www.sydneysun.com/index.php/sid/214643869/scat/aab68ad4e262a072 Insys Therapeutics Inc. has completed its $36.8 million initial public offering to help bolster sales of its medical marijuana drug. Insys Therapeutics Inc. has completed its $36.8 million initial public offering to help bolster sales of its medical marijuana drug one of a handful of Arizona IPOs within the past seven months. The resurgence of IPOS in Arizona is a sign that the economy is ... http://www.sydneysun.com/index.php/sid/214643868/scat/aab68ad4e262a072 Mon, 20 May 2013 17:07:15 -0400 http://www.sydneysun.com/index.php/sid/214643868/scat/aab68ad4e262a072 Protesters plan to skip this year's Amazon shareholders' meeting after the company made changes to its policies. Last year, protesters lined the block around the Seattle Art Museum when Amazon held its annual shareholders meeting there. This year, things may be a bit more subdued. When Amazon shareholders and executives meet Thursday, the investors will vote whether to reappoint the nine ... http://www.sydneysun.com/index.php/sid/214642566/scat/aab68ad4e262a072 Mon, 20 May 2013 16:52:47 -0400 http://www.sydneysun.com/index.php/sid/214642566/scat/aab68ad4e262a072 2013 Job & Salary Survey . Do you want to know how your salary and benefits stack up against your peers? Are you interested in where your peers work: in an office, at home or a hybrid of the two? Wondering how others view their talent management programs? These questions and more will be answered when ... http://www.sydneysun.com/index.php/sid/214641393/scat/aab68ad4e262a072 Mon, 20 May 2013 15:43:09 -0400 http://www.sydneysun.com/index.php/sid/214641393/scat/aab68ad4e262a072 Diebold will terminate 52 jobs at its Coppell office as it relocates operations to its Ohio offices, pictured above. Diebold, Inc. will terminate 52 jobs this year at its Coppell office as the company relocates operations to Ohio, according the company said in a notice filed under the Workers Adjustment Retraining and Notificaiton Act. The maker of bank ATMs and bank security systems issued the ... http://www.sydneysun.com/index.php/sid/214641362/scat/aab68ad4e262a072 Mon, 20 May 2013 15:36:11 -0400 http://www.sydneysun.com/index.php/sid/214641362/scat/aab68ad4e262a072 Washington, D.C.lobbyist Matt Gannon was named head of federal affairs at Farmers Insurance. Gannon replacesMike Moran, who left Los Angeles, Calif.-based Farmers to take a position with Zurich North America as assistant vice president of government Affairs. Gannon joins Farmers Insurance after nearl three years with the National Association of Mutual Insurance Companies, where he served as ... http://www.sydneysun.com/index.php/sid/214639993/scat/aab68ad4e262a072 Mon, 20 May 2013 14:34:59 -0400 http://www.sydneysun.com/index.php/sid/214639993/scat/aab68ad4e262a072 Dollar Bank, Pittsburghs fifth largest financial institution, is upgrading its ATM fleet footprint-wide to work faster and smarter. Senior Vice President Joe Smith confirmed that Dollar has ordered 60 new machines providing automated deposit technology from NCR Corp., based in Duluth, Ga. I call it smart deposit design, Smith said. The replacement process will begin this summer, NCR said. Smith ... http://www.sydneysun.com/index.php/sid/214639950/scat/aab68ad4e262a072 Mon, 20 May 2013 14:27:53 -0400 http://www.sydneysun.com/index.php/sid/214639950/scat/aab68ad4e262a072 A federal judge has ordered accounting and auditing firm Moss Adams to pay $180,000 in legal fees for failing to comply with a subpoena related to former client Frederick Darren Berg. A federal judge has ordered Moss Adams to pay $180,000 in legal fees for failing to comply with a subpoena to turn over all documents related to the Seattle accounting and auditing firms dealings with convicted ... http://www.sydneysun.com/index.php/sid/214639949/scat/aab68ad4e262a072 Mon, 20 May 2013 14:25:34 -0400 http://www.sydneysun.com/index.php/sid/214639949/scat/aab68ad4e262a072 Investors continue to purchase apartment properties, as the market remains strong for the real estate. The Coventry at Cityview apartments in Fort Worth, seen above, were sold to an investment group in the past month. Fort Worth-based Panther FW Investments LLC, formerly Panther Transaction Group, has bought a two-property, apartment portfolio totaling 528 apartment homes in Fort Worth. Terms of ... http://www.sydneysun.com/index.php/sid/214639948/scat/aab68ad4e262a072 Mon, 20 May 2013 14:15:00 -0400 http://www.sydneysun.com/index.php/sid/214639948/scat/aab68ad4e262a072 The Portland Business Journal won 23 awards at the 2013 Society of Professional Journalists Oregon and Southwest Washington banquet. The Portland Business Journal captured 23 awards at the annual Society of Professional Journalists Oregon and Southwest Washington awards banquet Saturday night. The newspaper competed against large circulation non-daily newspapers from across the state. The ... http://www.sydneysun.com/index.php/sid/214639878/scat/aab68ad4e262a072 Mon, 20 May 2013 14:04:31 -0400 http://www.sydneysun.com/index.php/sid/214639878/scat/aab68ad4e262a072 In the world of branch banking, theres no shortage of competition for office space in Houston right now, said David LePori, Frost Bank's Houston regional president. In the midst of planning a new Houston headquarters and adding branches in the city, Frost Bank NA is consolidating some banking functions at its 9300 Kirby Drive location, a local bank president told me Monday. The San Antonio ... http://www.sydneysun.com/index.php/sid/214639947/scat/aab68ad4e262a072 Mon, 20 May 2013 13:55:19 -0400 http://www.sydneysun.com/index.php/sid/214639947/scat/aab68ad4e262a072 U.S. Century Bank must sell 96 non-performing loans for at least 55 percent of their principal balances before the bank can raise capital. U.S. Century Bank could sell its problem loans in bulk for up to 45 percent off to secure a deal to recapitalize the bank, according to documents received by shareholders. The audited 2012 financial report of the Doral-based bank includes a description of the ... http://www.sydneysun.com/index.php/sid/214638648/scat/aab68ad4e262a072 Mon, 20 May 2013 13:41:19 -0400 http://www.sydneysun.com/index.php/sid/214638648/scat/aab68ad4e262a072