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

Pfeffer Appointed EVP at StoneHill Reinsurance Partners

Jonah Pfeffer, a reinsurance broker whose 15-year career includes work with clients in specialized casualty market segments, has joined Bloomington, Minn.-based independent reinsurance intermediary StoneHill Reinsurance Partners LLC as executive vice president. Pfeffer most recently was a managing director in …

Michigan Family Donating Settlement in Police Shooting

Money from a $2.2 million court settlement over the death of a 29-year-old man who was fatally shot by a Michigan police officer in 2010 will go to charities and police departments, including the one that employed the officer who …

Government Sends Message by ‘Super-Sizing’ Employment Bias Cases

It started with allegations of hangman’s nooses, graffiti and racist comments targeting a handful of black workers at a trucking company warehouse in Chicago Ridge, Ill. Four years later, the Equal Employment Opportunity Commission had turned the case into a …

Beazley Forms Data Breach Response Business Unit

Beazley has established BBR Services, a new business unit dedicated to helping clients that have suffered a data breach manage the consequences. Data breaches involving the theft or loss of personally identifiable customer information pose a large and growing challenge …

Business Risk Partners to Offer LIU-Backed E&O, D&O Coverage

Program administrator Business Risk Partners (BRP) will underwrite three additional programs in professional and management liability offered through Liberty International Underwriters (LIU), the global specialty lines division of Liberty Mutual Insurance. BRP’s expanded offerings include: LIU data insure products: Insurance …

USI Acquires Florida’s Suncoast Associates

USI Insurance Services has acquired Suncoast Insurance Associates Inc., a Tampa, Florida-based insurance brokerage specializing in professional liability programs in Florida. USI said this acquisition is expected to contribute approximately $3 million in revenues on an annual basis. Terms of …

NAMIC Taps Hanover Ins. Exec for Northeast State Affairs Manager Role

The National Association of Mutual Insurance Companies (NAMIC) named John Murphy as its state affairs manager for the Northeast region. Murphy will represent NAMIC members in Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island, and Vermont on …

Richardson Joins Lockton in Southeast

Jason Richardson has been named chief operating officer of Lockton’s Southeast operations with responsibility for offices in Atlanta, Greater Miami, and Charlotte, N.C. Richardson will be responsible for the overall operations of Lockton Southeast including leading service teams in risk …

Mississippi Man Charged with Oil Spill Claims Fraud

A Columbia, Mississippi man is under federal indictment for allegedly filing $10,000 worth of false claims for Deepwater Horizon oil spill relief funding. The Clarion-Ledger reported that Jermaine Ball has been charged with a separate felony for each of the …

West Virginia Workers’ Comp Rates Going Down 9%

West Virginia employers’ rates for workers’ compensation are heading down again after regulators approved a statewide average 9.1 percent decrease in loss cost rates. Insurance Commissioner Michael D. Riley approved the filing submitted last month by the National Council on …