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

Former AIG, General Re Execs Admit to Reinsurance Fraud, Pay Fines

Five former executives of American International Group Inc. and Berkshire Hathaway Inc. unit General Reinsurance admitted to conducting a fraudulent reinsurance transaction on Friday as part of a deal to end a years-long criminal case against them. All five entered …

Main Points of Agreement from Rio+20 Summit Show Little Progress

Global leaders on Friday wrapped up a United Nations development summit with little to show but a lackluster agreement, as critics scorned governments for showing no urgency to tackle climate change as well as food and water scarcity. Nearly 100 …

Sullivan Brokers Enhances Casualty Practice with Addition of Jim Viera

Los Angeles, CA, 06/25/12 – Sullivan Brokers Wholesale Insurance Solutions is pleased to announce that James Viera has joined the firm’s Casualty Practice Group in the position of Senior Broker. “Jim is an exceptional professional wholesale broker with impeccable market …

BMS Group’s Pioneer Names Hinman in U.S. Expansion

The UK-based BMS Group, an independent global broker, announced the appointment of delegated authority underwriter Gene Hinman, who will join its Managing General Agent (MGA) platform, Pioneer Underwriting Ltd, in a move BMS described as the achievement of “another significant …

North Carolina Passes Law Targeting Employers Without Workers’ Comp

North Carolina business owners may find it harder to escape having workers’ compensation coverage after state lawmakers approved a bill closing a legal loophole that had resulted in tens of thousands of employers going without coverage leaving injured workers to …

Much of Kalamazoo River to Open, 2 Years After Spill

Nearly all of the Kalamazoo River is being reopened for recreational use and the cleanup of a massive oil spill nearly two years ago is in its final stages, federal, state and local officials announced on June 21. Thirty-four miles …

Nearly 80 Percent of Indiana Listed in Drought

The parched conditions are worsening for much of Indiana, with a new report listing the state’s southwestern corner in extreme drought and nearly 80 percent of the state in at least moderate drought. The new U.S. Drought Monitor map released …

Tropical Storm Debby Heads for Florida Coast, Spares Louisiana

Tropical Storm Debby meandered slowly to the Florida coast on Sunday, bringing strong winds and waves that forced the closure of about a quarter of offshore oil and gas production in the Gulf of Mexico and spawning tornadoes that killed …

Storm Threat Prompts Oil Companies to Evacuate Some Gulf Staff

Energy companies began evacuating non-essential personnel from operations in Gulf of Mexico on Friday due to the threat of a weather system in the region developing into a tropical cyclone. Anadarko Petroleum Corp. and Murphy Oil Corp. said they were …

Catholic Bishops Begin 2-Week Campaign to Fight Birth Control Mandate

Roman Catholic groups in the U.S. started a two-week campaign Thursday of prayer vigils and rallies to fight what they consider government attacks on religious liberty.The immediate target is the mandate that President Barack Obama announced in January requiring most …