Monthly Archives: <span>March 2013</span>

Yurkovich Rejoins Texas Mutual as Senior VP of Strategic Planning

Workers’ compensation insurance provider, Texas Mutual Insurance Co., announced that Joe Yurkovich has accepted the position of senior vice president of strategic planning. He returns to Texas Mutual after serving as region president for the Southern Region at SeaBright Insurance …

Rose Joins Argo Group as Chief Investment Officer

The Bermuda-based Argo Group International Holdings announced that Mark H. Rose has joined Argo Group as chief investment officer. He brings to Argo Group “a broad knowledge of markets and asset classes and has experience investing, managing and trading for …

Proposed Settlement In New Mexico Smaller Than Jury Award

The family of an Iraq War veteran who was fatally shot by a police officer wanted to settle a lawsuit against the city of Albuquerque for $1 million before a judge ruled in February that the veteran was unlawfully killed. …

SIAA Grows 3 Agencies in West in February

The Strategic Insurance Agency Alliance signed three new member agencies in February. February’s new Western region members include: SavePro Insurance Services of El Cajon, Calif., Express My Way of Calabasas, Calif. and Top Tier Insurance of Milwaukie, Ore. Hampton, N.H.-based …

Expected Small Airports’ Tower Closures Raising Safety, Insurance Concerns

When landing a plane amid birds, bobcats or alligators, it helps to have an air traffic controller on the lookout. But many small airports across the United States face losing this extra pair of eyes starting April 1, as budget …

Senate Committee Approves SEC, Consumer Financial Bureau Chiefs

A U.S. Senate panel voted to move forward two of President Barack Obama’s choices to lead financial regulatory agencies, but his pick of Richard Cordray to head the new consumer bureau likely still faces a tough path to final confirmation. …

Alabama, Georgia Homes, Businesses Still Without Power Following Storms

About 130,000 homes and businesses were still without power early Tuesday in Alabama and Georgia following severe thunderstorms on Monday. Alabama Power, a unit of Southern Co., said on Tuesday that it had about 98,200 customers still without power, down …

Is This Right Time to Restructure Florida CAT Fund?

A move to restructure Florida’s state-run property reinsurance facility by lowering its financial obligation to insurers is facing an uphill legislative battle as both lawmakers and members of the industry find themselves in conflict over the plan. Florida Hurricane Catastrophe …

Cyprus Bank Deposit Tax Sets ‘Dangerous Precedent,’ Says IIF Head

A proposal to impose a tax on bank deposits in Cyprus sets an “incredibly dangerous precedent” and undermines confidence built up in recent months over Europe’s handling of its debt crisis, the head of a global banking association said on …

Aon Unveils 2013 Interactive Political Risk Map; Focus on Emerging Markets

To complement its print version, Aon Risk Solutions, the global risk management business of Aon plc, has unveiled a new online and interactive political risk map with data going back more than 15 years. Aon explained the need for the …