Posts From the monthly archives: "June 2015"

Germanwings is offering €25,000 ($27,833) compensation payments to close relatives of those killed in the March 24 plane crash for their pain and suffering, it said on Tuesday. Evidence shows co-pilot Andreas Lubitz locked the captain out of the cockpit … The article Germanwings Offers Emotional Damage Payments to Crash Victims’ Families appeared…(Read More)

Wholesale insurance broker Swett & Crawford Brasil, part of Cooper Gay Swett & Crawford (CGSC), the independent global wholesale, underwriting management and reinsurance broker, announced that it has purchased 51 percent of the shares of Casa do Corretor, a wholesale … The article Swett & Crawford Brasil Expands with Purchase of Shares in Local Broker…(Read More)

Worldwide Facilities, a wholesale broker and managing general agent based in Los Angeles, hired three new brokers for its recently opened Hartford, Connecticut, office. Worldwide Facilities hired Suzanne Averill as senior associate broker in Hartford. Averill brings 32 years of … The article Worldwide Facilities Hires 3 Brokers for New Connecticut Office appeared first on…(Read More)

Liberty Mutual Insurance has promoted Jamie Trish to president of its Northeast Business Insurance operations effective July 1. Trish will be responsible for the profitable growth of business in the region that includes Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, … The article Liberty Mutual Promotes Trish to Northeast Business Insurance President appeared first on…(Read More)

When Jonathan G. Stein became unhappy with his long-time car insurance carrier earlier this year, the 41-year-old lawyer from Elk Grove, California switched to a new company. How was he rewarded for his disloyalty after nine years? With savings of … The article Loyalty to Insurer Doesn’t Always Pay Off for Drivers…(Read More)

When California Gov. Jerry Brown signed the 2015-2016 budget, it included $3 million in funding to expand the Earthquake Brace and Bolt program and clarified that the program’s grants are income-tax exempt at the state level. California Insurance Commissioner Dave … The article California Funds Incentives For Earthquake Protection appeared first on Insurance…(Read More)

The California Department of Insurance has approved Fosun International Ltd.’s acquisition of control of Meadowbrook Insurance Group Inc.’s subsidiaries commercially domiciled in of California. The subsidiaries include Star Insurance Co., ProCentury Insurance Co. and Williamsburg National Insurance Co. The closing of … The article Fosun’s Acquisition of Meadowbrook’s California Subsidiaries OK’d…(Read More)

The U.S. Supreme Court rejected an appeal from former Representative Rick Renzi of Arizona, leaving intact his conviction for public corruption, insurance fraud and racketeering. Renzi, a Republican, argued unsuccessfully that his prosecution violated the Constitution’s speech-or-debate clause, which limits … The article Former Arizona Congressman Renzi Rejected by High Court on…(Read More)

McDonald-Leavitt Insurance Agency in Santa Rosa, Calif. has hired Jean Stevens as an agent licensed in commercial insurance and employee benefits. Stevens has 25 years of insurance experience. Stevens specializes in serving the agriculture, food processing, and lumber industries. Leavitt … The article Mcdonald-Leavitt in California Brings on Stevens appeared first on Insurance Journal…(Read More)

The U.S. Supreme Court on Monday rejected bids by BP Plc and Anadarko Petroleum Corp. to avoid penalties under federal pollution law in connection with the 2010 Gulf of Mexico oil spill. The high court left in place a June … The article Supreme Court Rejects BP, Anadarko Appeal of Gulf Spill Fines appeared first…(Read More)