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

Business Moves – Midwest

Atlas Atlas Financial Holdings Inc. has started selling its core commercial automobile insurance products in Utah, becoming the 31st state where Atlas is actively underwriting. Atlas’ insurance subsidiaries, American Country Insurance Co. and American Service Insurance Co., Inc., distribute their …

Looming Agent Retirements: Carriers Face Major Turnover

More than 25 percent of independent agency owners and principals are planning to retire or change careers, and sell their firms sometime in the next five years, according to a new survey that explores agent attitudes about insurance companies. The …

Habitat to Build Homes for Tornado Victims

Habitat for Humanity is planning to build nine houses in Indiana for residents displaced by tornadoes. Madison’s local planning commission recommended that the city council rezone 1.25 acres of former city property where Habitat intends to construct the homes. Habitat …

Penn. High Court Tosses ‘Any Dose’ Asbestos Theory

The Pennsylvania Supreme Court ruled that civil lawsuit plaintiffs alleging asbestos-related ailments cannot submit scientific testimony asserting that even the smallest exposure to the material could cause cancer. The court said in May that plaintiffs must show some relationship between …

Wells Fargo Looking to Buy Insurance Brokers, CEO Says

Wells Fargo & Co., which has been renewing its appetite for acquisitions lately, is interested in buying insurance sales businesses, according to its chief executive. “I love the insurance distribution business,” John Stumpf said at a Sanford C. Bernstein conference …

Conn. Regulator: New Law Will Improve Oversight of Global Insurers

Connecticut Insurance Commissioner Thomas Leonardi praised passage of two new laws that give the state greater financial oversight of large, globally active insurers and makes the state a more attractive place for international reinsurers to do business. Governor Dannel Malloy …

Tornadoes Sweep Through Va., Penn. Counties

Tornadoes swept through several counties in Virginia, Pennsylvania and Maryland earlier this month, knocking down trees and power lines and damaging dozens of structures and homes, according to The Associated Press. Officials in Hampton, Va., said a tornado that swept …

Climate Change Coverage Opinion Affirmed, Again

The Final Round in Steadfast, But the Opening of a Broader Debate? It is hard to say whether one should be surprised that the Virginia Supreme Court recently reaffirmed in Steadfast Insurance Company v. The AES Corporation the circuit court’s …

Family of Girl Who Died at Los Angeles Rave Settle Lawsuit

The family of a 15-year-old girl who died of an ecstasy overdose at a rave at the Los Angeles Memorial Coliseum in Southern California will receive a $190,000 lawsuit settlement on behalf of the stadium, the event’s organizer and the …

2 Sentenced in Texas for Soliciting Accident Victim’s Family

An attorney and a case runner have been sentenced in Texas on felony charges related to soliciting business from a victim’s family after a fatal accident. Texas Attorney General Greg Abbott reported that Corpus Christi attorney Benito Garza and case …