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

Indiana Fair Victims Settlement Clause Designed to Shield State

Indiana lawmakers presented their decision to offer an additional $6 million to victims of a deadly stage collapse at last year’s state fair as a way to help those who weren’t adequately compensated by its first settlement. But buried in …

Roach Howard Smith & Barton Adds Langford as Sales Exec

Greg Langford has joined Texas-based insurance brokerage Roach Howard Smith & Barton as a commercial sales executive for property/casualty insurance. He brings six years of successful insurance sales experience. His areas of expertise include: construction; manufacturing; wholesale; oil and gas; …

Davenport Joins Sentry Insurance as Chief Financial Officer

James E. Davenport has joined Stevens Point, Wis., Sentry Insurance as Sentry’s executive vice president and chief financial officer. Prior to his new role at Sentry Insurance, Davenport was a partner at the accounting firm KPMG LLP in Minneapolis, for …

Survey: Small Business Optimism Drops, But Remains In Positive Territory

The Wells Fargo/Gallup Small Business Index fell six points to positive 17 in a survey conducted in July that reflects on the third quarter, but one economist who worked on the poll is taking the positive view that following the …

Yates Adds Cullinan in Northern California

Dan Cullinan has joined Tustin, Calif.-based managing general agent Yates in their Roseville office. Having spent the last nine years at a national wholesale MGA/brokerage, Cullinan specializes in property and casualty.

EPIC Adds Yoo, Choi in Los Angeles

Edgewood Partners Insurance Center added Ryan Yoo and Ricky Choi in EPIC’s Los Angeles office. Yoo and Choi are focused on growing EPIC’s presence in the Korean business community and they have a combined 40 years of industry experience. Yoo …

Marsh & McLennan Q2 Profit Up 17%; Revenues Growing in All Divisions

Marsh & McLennan Companies reported on Tuesday $329 million net profit for its 2012 second quarter, a 17 percent increase from $282 million reported a year earlier. “Our outstanding second quarter results successfully built on our strong first quarter. We …

Series Of Small Earthquakes Strikes Southern California

A series of small earthquakes and aftershocks hit Southern California on Tuesday and Wednesday. A 4.4 magnitude earthquake struck Yorba Linda, Calif. at 11:23 p.m. on Tuesday, with several small aftershocks following. Then a 4.1 earthquake hit near Yorba Linda …

Zurich to Transfer Aftermarket Business to Arrowhead

Schaumburg, Ill.-based Zurich North America confirmed plans to transfer its book of aftermarket business and related brokered business to Arrowhead General Insurance Agency Inc., a program administrator based in San Diego, Calif. Tina Mallie, President of Zurich’s Programs & Direct …

Kriedler Wins Washington’s Commissioner Primary

Incumbent Washington Insurance Commissioner Mike Kreidler won 55 percent of the vote counted Tuesday night to take the primary in his re-election bid for state insurance commissioner. The Democrat Kreidler, a former state legislator and former member of Congress, is …