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

Bill to Create ‘Framework for Damages’ Passes Calif. Senate

A bill its author says will provide a framework to measure damages when a plaintiff suffers injuries that passed the California Senate floor is being called by its detractors a “wolf in sheep’s clothing” effort to overturn the 2011 Howell …

N.J. Police Chief Convicted of Insurance Fraud Is Removed From Job

A judge on Wednesday ordered a convicted New Jersey police chief to forfeit his job. A jury convicted Hackensack Police Chief Ken Zisa of official misconduct and insurance fraud two weeks ago. The Record newspaper reports the judge granted a …

USI Acquires Georgia’s Impact Benefit Management Services

New York-based insurance broker USI Insurance Services has acquired Impact Benefit Management Services, LLC of Roswell, Georgia. USI said the acquisition is expected to contribute approximately $2.5 million in revenues an annual basis. Terms of the transaction were not disclosed. …

Hurry, Don’t Miss Out: Submit Today for Top 100 Independent Agency Recognition

Once again, Insurance Journal is on the search for leading privately-held property casualty independent agencies and brokerages for its annual Top 100 Property/Casualty Independent Insurance Agencies report. Top Overall Independent Agencies, Top Commercial Lines Independent Agencies, Top Personal Lines Independent …

Google Names Former MMC Exec Wittman as CFO of Motorola Mobility Unit

Internet search giant Google has named Vanessa Wittman as the new chief financial officer of its newly acquired Motorola Mobility Holdings unit.Google made the announcement last week when its $12.5 billion cash purchase of Motorola Mobility was finalized after securing …

Michigan Upper Peninsula Wildfire Destroys 115 Structures

State officials say 115 structures, including homes and a motel, have been destroyed by a wildfire in the Upper Peninsula. The Michigan Department of Natural Resources said the wildfire in Luce County’s Duck Lake area is 55 percent contained. The …

Officials: Louisiana Pump Station Work Will Help Protect From Floods

Lafourche Parish, La., officials say the repair of two pumping stations in the Raceland area will help protect against flooding. The parish will be rebuilding the Cyprien Pump Station, which services the low-lying area south of La. Highway 1 and …

Orchid Launches Personal Lines Program with Icat

Orchid Underwriters Agency, Inc. in Vero Beach, Fla. has been granted exclusive access to a new residential underwriting program underwritten through icat. The icat homeowners program is written on Lloyds paper and is rated A (Excellent) by AM Best. Standard …

Missouri County Passes Copper Theft Ordinance

A new law in St. Louis County, Mo., addresses the frequent theft of copper, catalytic converters and air conditioner parts. The St. Louis County Council unanimously passed the measure that seeks to restrict the purchase sale of the frequently stolen …

New Earthquake Faults Uncovered West Of Lake Tahoe

Scientists studying earthquake faults in the mountains west of Lake Tahoe say new, high-resolution imaging technology has helped uncover more substantial seismic hazards than previously thought to exist there. The steep, fault-formed range west of the lake could generate relatively …