Archive for April 2015

In early March a 30,000-pound mat of oily gunk washed up on East Grand Terre, a barrier island in the mouth of Louisiana’s Barataria Bay. It was an ugly reminder of the blowout at BP’s Macondo well, a disaster that … The article Bottom Line: Gulf Oil Spill Isn’t an Environmental Disaster appeared first on…

MTM Insurance Associates, an independent insurance agency based in North Andover, Massachusetts, announced its acquisition of Minichiello Insurance Agency, an independent agency in Bradford, Massachusetts. Terms of the transaction were not disclosed. Following the transaction, Minichiello Insurance Agency will operate … The article MTM Insurance Associates Acquires Minichiello Insurance in Massachusetts appeared first on Insurance…

Vermont Mutual Insurance Group announced that its Board of Directors has elected Executive Vice President Daniel C. Bridge as president of the Group. Bridge succeeds President and CEO William A. Catto who will retire on June 30, 2015. Catto will … The article Vermont Mutual Names Bridge as President to Succeed Catto appeared first on…

Richard “Gordy” Bunch, founder, president, and CEO of The Woodlands Financial Group (TWFG) has been nominated Gulf Coast Entrepreneur of the Year by Ernst & Young, making him eligible for the 2015 national award. The Entrepreneur of the Year program … The article TWFG Founder Named Gulf Coast Entrepreneur of the Year appeared first on…

Austin-based Texas Mutual Insurance Co. announced it awarded a dividend of $117,226 to the Texas Home Builders (THB) safety group. The dividend was earned based on the group members’ dedication to making safety a priority in their businesses and therefore … The article Home Builders Safety Group Earns $117,226 Texas Mutual Dividend appeared first on…

Plaintiffs are urging a federal judge in Little Rock, Ark., to vacate his order dismissing a class-action lawsuit against Exxon Mobil, claiming the oil giant suppressed evidence in the case. The lawsuit, filed over a 2013 oil spill in a … The article Arkansas Plaintiffs Want Order Dismissing Exxon Oil-Spill Lawsuit Vacated appeared first on…

A.M. Best has downgraded the financial strength rating (FSR) to B+ (Good) from B++ (Good) and the issuer credit rating (ICR) to “bbb-” from “bbb+” of Specialty Risk of America (SPRISKA) in Springfield, Ill. The outlook for the ICR remains negative, while the … The article Ratings of Illinois-Based Specialty Risk of America Downgraded appeared…

A bill that sets up a regulatory framework in Oklahoma for ridesharing programs such as Uber and Lyft passed the state Senate, but not before a provision protecting gay and transgender passengers from discrimination was removed. The version of the … The article Oklahoma Ridesharing Bill Passes Senate Without Discrimination Protections appeared first on Insurance…

The North Dakota Insurance Department says it helped residents recover or save nearly $4.4 million last year. The department says the money was recovered on behalf of North Dakota residents through its hotline, complaints filed by consumers against insurance companies … The article Insurance Department Recovers $4.4M for North Dakotans appeared first on Insurance Journal.…