Monthly Archives: <span>March 2011</span>

Applied Systems Buys CSR24 Agency Systems Firm Artizan

Insurance technology company Applied Systems has acquired Artizan Internet Services, a provider of Web-based and outsourced customer service and claims technology for property/casualty insurance agencies wanting to offer 24 hours a day/7 day a week services. Among the software products …

New York City Landlords Facing Harsher Bedbug Penalties

Despite the itchy rise to prominence of bedbugs around New York City, officials have long been limited in what they could do to get negligent landlords to address the spread of the minuscule critters. On Tuesday, city officials announced a …

Murder Is an Accident? To Insured It Is, New York’s Highest Court Says

New York’s top court says the estate of a man run down by a homicidal driver is entitled to make insurance claims for injuries caused by an accident. The Court of Appeals says that even though Ronald Popadich pleaded guilty …

Ex-Sen. Thompson Lobbies for Trial Bar on Tennessee Damages Bill

A proposed compromise to limit lawsuit damages in Tennessee is a step in the right direction, but there’s still work to be done, claims former U.S. Sen. Fred Thompson. Gov. Bill Haslam’s proposal would place a $750,000 limit on non-economic …

Court Allows ‘Fat Slob’ Arrest Lawsuit Against Kentucky City

Calling a police officer a “fat slob” is not an offense that can usually get someone charged, a federal appeals court ruled recently, allowing a lawsuit over the arrest to go forward. Kenneth Kennedy’s sued the Kentucky city of Villa …

Beranek to Head New OnPoint Office in Arizona

OnPoint Underwriting, an Atlanta-based managing general agency, has expanded its business into Arizona. The Scottsdale, Arizona office will be led by Frank Beranek, who has 40 years of insurance experience. He is responsible for the day-to-day operations and growth of …

Shake-Up at AIG’s Chartis; Moor Out, Hancock In as CEO

American International Group, Inc. (AIG) today announced a reorganization of Chartis, its global property/casualty business, and named a new management team, including a new chief executive officer, Peter D. Hancock, currently AIG executive vice president for Finance, Risk and Investments. …

Whistleblower Sues California Nuclear Plant, Claims Firing Retaliatory

A former manager at one of California’s two nuclear power stations sued the facility’s operators Wednesday, claiming he was fired in retaliation for reporting safety concerns at the plant. The suit against Southern California Edison, principal owner of the San …

Black Brokers’ Bias Suit Against Bank of America/Merrill Dismissed

Bank of America Corp. won the dismissal of a bias lawsuit by black financial advisers at the former Merrill Lynch & Co. who said they were paid lower bonuses than white counterparts to stay on when the companies merged. Wednesday’s …

Leading Candidate to Succeed Berkshire’s Buffett Quits

The man widely seen as the leading successor to Warren Buffett at Berkshire Hathaway has resigned after buying shares in chemical company Lubrizol Corp. before pushing Buffett to acquire it. David Sokol’s resignation is a reputational blow for Buffett, the …