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

Florida Seeks to Delay Approval of $7.8 Billion BP Settlement

The Attorney General for the State of Florida has asked a federal court to delay granting preliminary approval of BP Plc’s $7.8 billion settlement with businesses and individuals suing over the massive 2010 Gulf of Mexico oil spill. Attorney General …

Insurance Employment Report: Jobs Outlook Improving, Slowly

Looking for work can be an exhausting, soul-draining endeavor during the best of economic times. It goes without saying that job searching is considerably more challenging these days, when the U.S. unemployment rate is still hovering above eight percent, with …

East Insurance Employment: Hiring Is ‘Slightly Elevated’ in 2012

The insurance employment market in the East and Northeast regions — as in most other parts of the country — can be summed up the following way: hiring is “slightly elevated” compared to last year, but there is still a …

North Carolina Auto Insurance Reform Postponed Until Next Year

North Carolina lawmakers have decided to postpone any major effort to reform the state’s automobile insurance market until next year citing the complexity of the subject and a lack of time due to a shorten legislative session. The Automotive Insurance …

Group Pushes for Sustainable Rebuilding in Joplin, Missouri

Folks in Joplin, Mo., who want to go green in rebuilding homes and businesses — or at least use products to help them cut down on energy costs — can find help in a local organization called GreenTown Joplin. The …

Insurance Premiums Climb to a Record $30B in Missouri in 2011

Missouri experienced a number of insurance industry “firsts” in 2011, including a record number of premium sales dollars, the largest-ever amount in claims paid for a single event in the state, and an historically high amount in additional claims funds …

Business Moves

The Hanover The Hanover Insurance Group Inc. is launching a second region in the Western U.S. A newly created Pacific region will be led by David Kuhn, who has joined Hanover as regional president. This new territory includes branch offices …

Hartford to Repay Allianz’s $2.4B Crisis Aid

The Hartford Financial Services Group plans to repay most of a rescue it received during the financial crisis, buying back debentures and warrants from Germany’s Allianz SE for $2.43 billion. In early October 2008, during the deepest point of the …

Harassment Class-Action Suit Against Iowa Trucking Company Backfires

They were learning to become truck drivers but wound up in a nightmare. In detailed accounts to a federal agency, dozens of female employees of an Iowa-based trucking company, one of the largest in the nation, told of being propositioned, …

People – West

The Insurance Industry Charitable Foundation named Gary C. Petrosino, executive vice president of Chubb & Son and western U.S. territory field officer for Chubb, to the foundation’s national board of governors. IICF combines the collective resources of the insurance industry …