A settlement of up to $750 million has been reached with the German conglomerate Bayer CropScience on behalf of U.S. rice farmers in a series of rice contamination lawsuits, according to Don Downing, an attorney with Gray, Ritter & Graham …
On Tuesday, Lori Dickerson Fouché was named president and CEO of Fireman’s Fund Insurance Co., making her the company’s fourth CEO in recent years. Fouché succeeds Michael LaRocco, at the helm of one of the nation’s largest property/casualty companies. Her …
The U.S. property/casualty insurance industry, which has about 60 percent of its equity capital base or — $355 billion– in municipal bonds remains exposed to disruptions in this asset class, but the overall level of risk continues to be manageable, …
Oklahoma’s treasurer says the state’s economy continues to improve at an “accelerating pace,” with gross receipts for the month of June outpacing last year’s collections by more than 15 percent. Figures released July 5 by Treasurer Ken Miller show gross …
The Justice Department has intervened in a whistleblower lawsuit that accuses a New Orleans, La., construction company of submitting forged records so it could cash in on a $28 million federal contract for work on government-issued trailers after Hurricane Katrina. …
NAIW (International) recently elected and installed new Executive Committee members for 2011-2012. The new officers are: President Joi Wilson, a vice president with Star Risk Services Inc., a member of the Lufthansa German Airlines Group. The agency writes property and …
Crump Insurance Services Inc. has expanded its production team in Dallas by hiring Deana Crowson. Crowson has joined the Crump Dallas office as vice president – Property and Casualty broker. A former Crump employee, she returns after spending the past …
The Federal Emergency Management Agency says residents along the Missouri River should buy flood insurance now even though new policies likely won’t cover losses from the floods that began in June. South Dakota Sen. John Thune had asked FEMA to …
Tim Brady, chairman and former CEO of Brady, Chapman, Holland and Associates in Houston, was named the 2011 Drex Foreman Award winner at the Independent Insurance Agents of Texas’ 114th Annual Conference & Trade Show in Houston. Brady began his …
Wells Fargo Insurance Services has acquired Fort Lauderdale, Florida-based employee benefits firm, EDIFY, LLC. EDIFY provides employee benefits programs and consulting to mid to large-sized employers. EDIFY CEO Howard Gruverman, President Carlos Castresana, and their team will join Wells Fargo …
