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

Tennessee-based Unum Group Accelerates $350M Share Repurchase

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 …

Edouard Brings Rain, High Winds to Southeast Texas

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, …

Iowa Lawmakers Say More Disaster Funding Expected

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 …

Legal, Home Safety Groups in Florida Clash over FLASH

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 …

Two New York Contractors Face Workers’ Comp Fraud Charges

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 …

R.E. Chaix & Associates Napa Hires Hughes as Underwriter

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 …

Sovereign General Adds Ornelas as Transportation Program Manager

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 …

West Virginia Officials Rip Proposed Shelter Regulations

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 …

Insurance Specialty Group And Home Buyers Warranty Corp. Sign Five-Year Agreement

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. …

Social Service Agencies Group Receives $300K Texas Mutual Dividend

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 …