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

Former Claims Manager Indicted for Fraud Scheme in Massachusetts

Massachusetts officials said two men — including a former claims manager — have been indicted in connection with a scheme to fraudulently collect an insurance payment of more than $23,000. “We allege that these defendants conspired to defraud an insurance …

Arthur J. Gallagher & Co. Acquires Miller Buettner & Parrott Inc.

Insurance broker Arthur J. Gallagher & Co. has acquired Miller Buettner & Parrott Inc. in Rockford, Ill. Founded in 1998, Miller Buettner & Parrott is an employee benefits insurance broker and consultant offering a broad range of employee benefits insurance …

CBIZ Acquires Texas-Based Stolz and Co.

Ohio-based professional business services firm, CBIZ Inc., announced it has acquired the assets of insurance firm Stoltz and Co. LTD., L.L.P., of Midland, Texas, effective July 1, 2012. With operations in Midland, San Antonio and Amarillo, Texas, Stoltz and Co. …

Ohio Storm Victims Could Get Interest Rate Reduction

Small business owners, farmers and other Ohioans affected by severe weather this weekend might be eligible for interest rate reductions on loans to recover or rebuild from the storm damage. Ohio Treasurer Josh Mandel said he’s made $25 million available …

Growth Slowed in June, Midwest Business Conditions Index Shows

A nine-state Midwest and Plains economic survey index fell for the second straight month in June. A survey report released July 2 for the Mid-America Business Conditions Index says it dropped to 57.2 last month, compared with 57.6 in May. …

Lawsuits In Nevada Amtrak Mishap Claim Crossing Defects

Four lawsuits filed on behalf of victims of last year’s Amtrak-truck crash in northern Nevada claim railroad crossing gates either came down late or not at all. The children of an Amtrak conductor killed in the June 24, 2011, crash …

Campbell Joins Berkshire Hathaway Homestate Cos.

Berkshire Hathaway Homestate Cos. named Michael Campbell to its workers’ compensation division as assistant vice president of underwriting. Campbell has more than 20 years of industry experience, most recently at Zurich’s Atlanta branch as Regional Underwriting Manager. Prior to Zurich, …

Traffic-Related Fatalities in N.J. Declining Compared to Last Year

New Jersey officials said overall traffic-related fatalities in the state for the first six months of 2012 were 262 — down 10 percent from 291 during the same time last year. However, the 2012 figure is slightly higher than at …

ACE Releases First Dollar Defense Endorsement for CPL Coverage

ACE USA has released ACE first dollar defense endorsement for contractors pollution liability (CPL) coverage. This new offering provides financial support for contractors facing litigation and defense costs for pollution incidents that occur during work they perform at a job …

Judge Says Greenberg May Pursue $25B Suit Over AIG Bailout

A company run by former American International Group Inc. Chief Executive Maurice “Hank” Greenberg may pursue a $25 billion lawsuit against the U.S. government, in which it called the 2008 federal bailout of the insurer unconstitutional. Judge Thomas Wheeler of …