Monthly Archives: <span>February 2012</span>

Paulson Steps Up Pressure, Urges Hartford Board to Spin Off P/C Biz

Hedge fund manager John Paulson — who currently holds a 8.4 percent stake in The Hartford — filed a letter yesterday to the board of The Hartford with the Securities and Exchange Commission. In the letter, the billionaire investor made …

No Seat Belts in 7 Out of 8 Louisiana Traffic Fatalities in 2012

Louisiana State Police report nine traffic-related fatalities so far this year. Out of those seven of eight people who died in motor vehicle crashes were not wearing seat belts. A ninth fatality involved a motorcycle. In a recent checkpoint in …

Travelers Expands Telematics Options for Business Fleets

In an effort to further strengthen driver safety programs, Travelers has introduced IntelliDrive Fleet Safety Solutions to help business owners use telematics technology to reduce auto risks. Travelers is offering the product through its subsidiary Northland Insurance Co. The carrier …

California Investigates PG&E Pipeline Safety Practices

California utility regulators are investigating Pacific Gas & Electric Co.’s pipeline safety practices after two welders claimed that some of the company’s lines contain weld defects and that repairs have not been made properly. The California Public Utilities Commission on …

Worldwide Broker Network Brings on Associate Members

San Mateo, Calif.-basedWorldwide Broker Network has expanded its membership to include associate members. WBN membership has always been limited to property/casualty and employee benefits brokers, so the admission of non-brokers as associate members is a new development for the network. …

Prairie State Insurance Cooperative Expands Board

The Prairie State Insurance Cooperative (PSIC), based in Itasca, Ill., has appointed two new board members, growing the board from seven to nine members. Dr. Julie Ann Fuchs, assistant superintendent for business at the Kaneland Community Unit School District #302, …

Woodlands Financial Group Opens 4 New Locations

The Woodlands Financial Group Inc. (TWFG), a retail and managing general insurance agency headquartered in The Woodlands, Texas, has opened four new branch locations in four states. Katlyn Sebera has opened a new branch in Cypress, Texas. Sebera has three …

In Joplin, Missouri, Young Professionals Hear Call to Serve

One worked in financial services. Another was an insurance agent. A third had recently finished law school and embarked on a legal career. Then came the tornado. The twister that blasted an immense hole in this Missouri city almost nine …

Pitney Bowes Develops Wildfire Risk Software

Pitney Bowes Software has released the Pitney Bowes Risk Data Suite Software Bundle for property and casualty insurers. The company says this is the first national wildfire software product for the insurance sector. It allows insurers to attribute accurate wildfire …

Town & Country Insurance Agency Completes Whittington Acquisition

Houston-based Town & Country Insurance Agency Inc., a subsidiary of Encore Bancshares Inc. and an affiliate of Encore Bank N.A., has completed its acquisition of Whittington Insurance Agency. Whittington Insurance Agency is an independent insurance agency headquartered in League City, …