August 5, 2008
Unum Group, headquartered in Chattanooga, Tennessee, entered into an accelerated repurchase agreement with Deutsche Bank, AG London Branch to repurchase approximately $350 million of its outstanding common stock. The Aug. 1 announcement follows the accelerated repurchase of $350 million of …
August 5, 2008
Tropical Storm Edouard made landfall in Southeast Texas this morning between High Island, just east of Galveston, and Port Arthur, near the Louisiana border. The National Hurricane Center had expected the rapidly developing, fast moving storm to increase in strength, …
August 5, 2008
Three members of Iowa’s congressional delegation say House Speaker Nancy Pelosi has assured them that Congress will provide more disaster-related funding. Reps. Leonard Boswell, Bruce Braley and Dave Loebsack, all Democrats, say Pelosi promised the funding would be approved before …
August 5, 2008
If you need help strengthening your home against hurricanes or other disasters, just call FLASH. If you’re a Florida homeowner and need free legal aid to avoid foreclosure, you can call another FLASH. The first FLASH — the Federal Alliance …
August 5, 2008
A New York contractor and the sub-contractor he hired are both facing charges of workers’ compensation fraud following their arrests by New York State Police. Police arrested Phillip Gish, 70, of East Aurora, N.Y. on July 22, charging him with …
August 5, 2008
R.E. Chaix & Associates announced that Ronald “Ron” Hughes has joined the Northern California underwriting team in Napa. Hughes began his insurance career in 1977 at Fireman’s Fund and has worked with several excess and surplus lines insurance firms in …
August 5, 2008
Jeff Ornelas has joined Sovereign General Insurance Services as a transportation program manager working out of Southern California. He has been in the insurance industry for more than 20 years specializing in transportation type risks. He will continue to concentrate …
August 5, 2008
Officials in West Virginia, the country’s largest underground coal-producing state, lashed out against proposed federal regulations that would mandate airtight emergency refuges in more than 600 underground coal mines nationally. Officials who helped craft West Virginia’s own refuge rules criticized …
August 5, 2008
Insurance Specialty Group LLC and Home Buyers Warranty Corp. signed a five-year strategic alliance agreement for the marketing, underwriting and servicing of the Asset Protection Program (APP). Under the agreement, ISG will be a non-exclusive distribution channel for the APP. …
August 5, 2008
Texas Mutual Insurance Company reported a $304,515 dividend to the Social Services Agencies of Texas purchasing group. The dividend rewards the group for preventing workplace accidents and controlling claim costs. “About 3,000 Texans who need assistance walk through our doors …