Monthly Archives: <span>April 2010</span>

Montana Gets Break From Levee Mandate

U.S. Sen. Jon Tester says federal officials have delayed for a year a plan to decertify levees in Great Falls, Mont., an action that could have spurred higher flood insurance rates. Across the country, the Federal Emergency Management Agency is …

Calif. Governor’s Race To Set Spending Records

California’s gubernatorial governor’s race between Insurance Commissioner Steve Poizer and former eBay chief executive Meg Whitman is expected to be the most expensive governor’s race in the state’s history. Whitman on Monday gave her campaign for the GOP gubernatorial nomination …

Warrant Issued for Arson at Topless Coffee Shop in Maine

Maine fire investigators say a former boyfriend of a waitress at a topless coffee shop is being charged with arson for last year’s fire that destroyed the shop and some adjoining apartments in the small town of Vassalboro. Officials say …

Study Says Northeast Seeing More, Fiercer Rainstorms

The Northeast is seeing more frequent “extreme precipitation events” in line with global warming predictions, a study shows, including storms like the recent fierce rains whose floodwaters swallowed neighborhoods and businesses across New England. The study does not link last …

Rhode Island Officials Say Grants, Not Loans Needed for Floods

Several of Rhode Island’s elected officials said Monday they are pushing to secure federal grants instead of loans for hundreds of businesses trying to recover from the worst flooding in 200 years, although a week after flood waters first creeped …

Green Building Movement Raises Some Construction Defect, Claims Concern

New insurance products to protect innovative green construction products such as wind turbines, fuel cells and vegetative roofs are on the rise. But even those closest to the situation admit to being a bit, well, green, about the risks behind …

When Main Street Met Washington

Amid wind-whipped exhaust fumes and an early March cold front, Connecticut insurance agent Michael Gergler ducks inside the lobby of the Wardman Park hotel in Washington, D.C. and surveys the lobby where roughly 150 other insurance agents have gathered. It’s …

SullivanCurtisMonroe Adds New Vice President

SullivanCurtisMonroe has named Tod Toriello vice president in its Irvine, Calif., office. Toriello joins SCM from Aon in Orange County, Calif., where he was a producer. Prior to that, Toriello held positions as an account executive at SCM and Liberty …

International Insider: Multinationals and Money Laundering

As the international community steps up its efforts to fight money laundering, a number of countries are now requiring insurers to obtain additional information from their customers to screen out possible bad actors. For multinationals interested in doing business in …

Property Firm Purchases Infamous AIG Party Hotel

Washington Holdings, a private real estate company, said Tuesday it bought the St. Regis Monarch Beach Resort, which became infamous after American International Group Inc executives spent lavishly there weeks after a receiving a tax-payer bailout. Seattle-based Washington Holdings paid …