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

Burnham Benefits Names Two Partners in Southern California

Irvine, Calif.-based Burnham Benefits Insurance Services named Melanie Thomas and Dan Excee as equity partners. For the past 13 years, Thomas has been a contributor to Burnham Benefits working with mid- and large-size financial, manufacturing, and service sector clients. Exceen …

Social Media Friends Nabbed In Northern California Staged Auto Insurance Fraud

Susan Lee, 24, Angelique Jones, 20, and Angela Medeiros, 40, all of Sacramento, Calif. have been arrested on three felony counts each of insurance fraud. The bail for the three ranges from $20,000 to $50,000. A fourth suspect, Krystelmaree Marquez, …

Hurricane Sandy Expected Ashore Monday Night; Could Be Biggest to Hit U.S. Mainland

• Hurricane expected ashore Monday evening in New Jersey • Could be biggest to hit U.S. mainland • New York, Philadelphia and Washington in its path • New York Stock Exchange closed Monday and Tuesday • Early warnings of $20 …

Insurers See Risk in Overuse of Swiss Military Bunkers for Art Storage

A metal door set into a mountain in Switzerland offers a way out for fine art investors forced to pay over the odds to insure their collections. The doorway leads into a disused military bunker, one of several being sold …

Stock Markets Expected to Remain Closed Tuesday

U.S. stock market executives, regulators and brokers have agreed to close the U.S. stock markets on Tuesday because of Hurricane Sandy, with an official announcement coming shortly, said people who were on an industry-wide call on the matter on Monday. …

Initial Forecast: $5-10B Insured Losses Expected From Sandy: Eqecat

As the east coast braces for the impact of Hurricane Sandy, catastrophe risk modeling firm Eqecat issued this morning a preliminary estimate for potential economic and insured losses.Eqecat said Sandy is a large storm, impacting 20 percent of the U.S. …

Ohio Farming’s New Cash Crop: Agritourism

If you’ve ever picked your own apples or bumped along on a hayride, you’ve taken part in agritourism. But the concept has grown up as more people want to learn about their food. That’s led to local-food meals served in …

Texas Lawmaker: Windpool’s Ike Litigation Costs Still Rising

Texas’ insurer of last resort for coastal property has paid out more than $1.2 billion in individual litigation costs related to Hurricane Ike, which struck in 2008, one state lawmaker says. Information released by Rep. Larry Taylor (R – Friendswood) …

Starr Companies Launch Aviation Broker Portal

Starr Aviation, a division of Starr Indemnity & Liability Co., has launched a new broker portal, Starrlink. The Starrlink portal provides agents with access to all previously issued policy documents, inclusive of but not limited to, the policy itself, endorsements …

Insurer Drops Nebraska Man’s Policy Due to Police Dog, Then Apologizes

An insurance company that canceled the homeowner’s policy of a Nebraska sheriff’s deputy because of his K-9 unit dog said it’s looking to change its practices regarding police dogs. American Family Insurance Co. also offered an apology to Douglas County …