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

Chicago-based Insurance Association, State Farm Distribute $10K in Scholarships

The Chicago chapter of the National African-American Insurance Association (NAAIA) announced that its Chicago corporate sponsor, State Farm, presented scholarships to 10 academically-outstanding youth representing area high schools. This year’s scholarship recipients are: Latoya Alexander of Ellen Richards Career Academy; …

Willis Appoints Jurss as SVP, Professional Liability for Construction Practice

Willis North America named Keith Jurss as senior vice president, professional liability, Willis Construction Practice. In this role, Jurss will be responsible for leading professional resources for North America within the construction industry, as well as develop growth strategies and …

Willis Commercial Network Appoints Marketing Leader for North America

Willis North America, a unit of Willis Group Holdings, the global insurance broker with operations in Chicago, has appointed Jana Rucker as director of Marketing for Willis Commercial Network – North America. Rucker will be responsible for leading the promotional …

Oklahoma Contractor Charged With Fraud After Tornadoes

An Oklahoma construction contractor has been charged with taking payments to repair roofs damaged by recent tornadoes and strong storms, then failing to perform the work. Six felony counts of violating the Oklahoma Consumer Protection Act were filed Monday in …

Feds: Last-Minute Insurance Purchases Won’t Cover Flood

A federal official says people who bought flood insurance at the last minute after learning of plans to release record amounts of water through the Missouri River reservoir system will not have coverage for damage caused by the rising water. …

Texas House Committee OKs Changes to Windstorm Insurance Bill

A Texas House of Representatives committee has approved big changes to the insurance authority that covers coastal properties for wind and hail. The House Insurance Committee passed a bill overhauling the Texas Windstorm Insurance Association. Gov. Rick Perry put the …

Louisiana Regulators Reviewing Procedures Following Investigators’ Deaths

Louisiana’s chief insurance regulator said his agency is reviewing its policies and procedures for investigating fraud after two insurance department employees were shot and killed while conducting an investigation. Louisiana Department of Insurance investigators Kim Sledge and Rhett Jeansonne were …

Private Equity Firm Buys Controlling Stake in Virginia’s Hilb Group

A New York private investment firm has taken a controlling interest in Virginia-based insurance broker, The Hilb Group. BHMS Investments has completed a controlling equity investment in The Hilb Group, which was formed in 2009 by former senior executives of …

Citi Says Hackers Accessed Bank Card Data in May

Citigroup Inc. said computer hackers breached the bank’s network and accessed the data of about 200,000 bank card holders in North America, the latest of a string of cyber attacks on high-profile companies. Citi said the names of customers, account …

U.S. Urges Code of Conduct for Internet Commerce

Companies using the Internet to do business should adhere to a code of conduct to reduce hacking and online theft, the U.S. Commerce Department said in a report issued Wednesday. The department recommended improved methods for authenticating identity in a …