Monthly Archives: <span>August 2008</span>

XL Completes SCA Bailout Plan

Bermuda-based XL Capital Ltd. announced that it has closed the transactions relating to Security Capital Assurance Ltd. and “certain counterparties to credit default swaps with SCA as well as its offerings of ordinary shares and equity security units.” The plan …

Global Writedowns, Credit Losses Near $350 Billion

Utah’s Jack Byrne Legendary in Insurance Circles

Jack Byrne’s magic business touch has been all about the basics paired with high drama. Once hailed as the Babe Ruth of insurance, he was the man who long ago saved Geico, the automobile insurer that later became a household …

Questpro Consultants and Q-TEMPS Announce a New Vice President of Sales and a New Q-TEMPS Vice President

Questpro Consultants and Q-TEMPS , Sister companies known as the “Premier Insurance Recruiting and Staffing companies”, are pleased to announce, that they have hired Debbie Hubbell as their new Vice President of Sales for the United States. In addition, Toni …

Two New York City Window Washers Die in Accident

New York City police say two men washing windows at a building in downtown Manhattan were killed when the vehicle carrying their lift tipped over. Detective John Sweeney says the accident occurred early Tuesday at the World Financial Center, just …

EPIC Appoints Tumminia Principal in San Francisco

Edgewood Partners Insurance Center (EPIC), a retail property, casualty and employee benefits insurance brokerage, appointed Dennis Tumminia as principal of Employee Benefits in its San Francisco office. Tumminia recently served as the director of the employee benefit consulting practice for …

Arizona’s Sterling Grant Names Shunk Broker

Phoenix-based Sterling Grant & Associates has named Eric Shunk to the new position of broker. Shunk specializes in comprehensive health, life, property and casualty insurance. Shunk began his career in the IT industry in 1993, having worked with companies such …

For Liberty Mutual, Insurance Customers’ Values Have Value

Liberty Mutual’s Responsibility: What’s Your Policy? ad campaign of people doing nice things for strangers has created quite a buzz in insurance marketing circles. But executives at the Boston-based insurer insist it is much more than an advertising and marketing …

California Appeals Court: Retailers Must Provide Disabled Access

The Court of Appeal of California has ruled that a retailer must remove architectural barriers that prohibit disabled individuals from accessing merchandise, or must adopt alternative methods for making its merchandise available to disabled individuals by customer service or other …

Mississippi Attorney General Settles with State Farm

Mississippi Attorney General Jim Hood announced the settlement of the state’s breach of contract suit against State Farm. Hood said the suit was filed after State Farm refused to comply with a January 2007 Hinds County Chancery Court settlement. Due …