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

Clements Rebrands

Washington, D.C.–based Clements International has changed its name to Clements Worldwide. The broker, which specializes in insurance for expatriates and international organizations, said the switch is the culmination of a six month rebranding effort. This change unifies the company’s Washington …

Progressive Seeks to Add 95 Employees in Colorado

Ohio-based The Progressive Group of Insurance Companies announced it is seeking to fill fill 95 sales and customer service positions in Colorado Springs, Colo., by the end of June. The hiring plans come as the company’s vehicle insurance business grows. …

Insurers Eye Rate Increases as Hurricane Season Approaches

Property and casualty insurers craving respite from a long-running drop in prices are eyeing the start of the U.S. hurricane season next week in the hope that summer windstorms will finally turn the market. The June 1 to Nov. 30 …

Shields Named Construction Leader at William Palumbo

Central Massachusetts-based William Palumbo Insurance Agency has named William “Bill” S. Shields leader of its construction risk division. A veteran of the construction industry, Shields began his career at Modern Continental Construction Co. as corporate risk manager. He most recently …

Virginians Getting Hurricane-Prep Tax Break

Virginians who want to stock up on batteries, bottled water and other supplies for the hurricane season get a tax break this week. The seven-day tax break — which began yesterday — will spare buyers from state and local levies …

West Virginia Reports Rise in Claims Awarded Against State

Monetary claims awarded against the state of West Virginia more than doubled in the past year. The state Court of Claims says in its 2011 annual report that it approved $8.4 million worth of awards, compared to $3.8 million during …

Repeat Tornadoes Unusual But Not Unknown; Threat Continues

Weather experts said it’s unusual for deadly tornadoes to develop a few weeks apart in the U.S. But what made the two storm systems that barreled through a Missouri city and the South within the last month so rare is …

Feds Demand Workplace Injury Records from Mining Firms

An administrative law judge has ordered two major coal producers, Massey Energy Co. and Peabody Energy Corp., to turn over information about coal mine accidents, injuries and work-related illnesses, federal regulators said. The federal Mine Safety and Health Administration said …

U.S. Bias Suit Against Bayer Widens

Bayer AG has been hit with a wider U.S. lawsuit, accusing Germany’s largest drugmaker of discriminating against women in pay, promotions and pregnancy leave and fostering a hostile work environment. As it did when the case was first filed on …

SEC Approves Whistleblower Rule

Corporate whistleblowers could score multi-million-dollar payouts for reporting financial wrongdoing under a new program approved by U.S. securities regulators on Wednesday. A divided U.S. Securities and Exchange Commission voted 3-2 to finalize the measure that has grown into one of …