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

Liberty Mutual Creates New Distribution, Service Unit

Liberty Mutual Group reorganized its commercial property, casualty and specialty lines insurance units as well as claims and loss control services for the insurer’s national accounts and mid-sized business clients. The new distribution and service organization will provide agents and …

Texas Verification Program: Number of Uninsured Vehicles Declines

Since the launch of the TexasSure auto insurance verification program two years ago, the number of uninsured vehicles on Texas roads shows signs of decline, the Texas Department of Insurance reports. The TexasSure electronic database has been available to all …

Iowa: Certificate of Insurance Forms Must Be Approved Beginning Sept. 1

The Iowa Insurance Division (IID) recently issued a reminder insurance companies and insurance producers that effective Sept. 1, 2010, certificate of insurance forms must be approved before such forms may be used. Iowa Code section 515.102(2009) authorizes the IID to …

Utica National Promotes Almy

James J. Almy has been promoted to underwriting manager of the Utica National Insurance Group’s Errors & Omissions division. Almy began his career with Utica National in 1994 as a Commercial Lines underwriting trainee at the company’s Eastern Regional Office …

Quake Monitor Installation Nears Completion in North Dakota

Installation is nearly complete on a network of earthquake-detecting instruments being placed across North Dakota as part of a national project, officials say. Fred Anderson, a geologist with the state Geological Survey in Bismarck, said about 30 seismometers have been …

Former North Dakota Work Comp Director’s Appeal Denied

North Dakota’s Supreme Court has upheld the felony conviction of former state workers’ compensation director Sandy Blunt, though the decision was not unanimous. Blunt appealed his December 2008 conviction on allegations that he misspent more than $10,000 in Workforce Safety …

Rescuers Find Baltimore Contractor Dead in Hole

Baltimore fire and rescue officials say a contractor performing work on an underground sewer line who fell into an eight- to 10-foot hole is dead. Fire department spokesman Kevin Cartwright says paramedics who responded to the Saturday incident on East …

AIG to Pay $725M to Settle Securities Fraud Lawsuit

American International Group Inc. agreed to pay $725 million to settle a long-running securities fraud lawsuit led by three Ohio public pension funds, in one of the largest class action settlements in U.S. history. AIG, which is nearly 80 percent …

R-T Specialty Acquires Chartwell Independent Insurance Brokers

R-T Specialty LLC, the wholesale brokerage unit of Ryan Specialty Group LLC based in Chicago, has acquired Los Angeles-based Chartwell Independent Insurance Brokers LLC. Chartwell, founded in September 2004 by Ben Beazley, is a national wholesale/intermediary organization with expertise in …

Minor Earthquake Shakes Up U.S. Capital

Earthquakes are so rare in the Washington area that even a geology student wasn’t quite sure what was going on when a minor one hit early Friday. Was it a truck passing by? A low-flying plane? Gerasimos Michalitsianos, who will …