A federal investigation into a multi-million-dollar workers’ compensation scheme extended to the Bank of Mingo in West Virginia, where authorities seized computer drives and documents. FBI Special Agent James Lafferty said in a sworn statement he had “probable cause” to …
The Chubb Corp.’s board of directors announced that John D. Finnegan, Chubb’s chairman, president and chief executive officer, will remain in his current roles until the end of 2016, breaking a Chubb policy that senior executives should retire at age …
Florida’s no-fault automobile insurance law is fully in force for now after a district court lifted an injunction that blocked part of law on a legal technicality. But the ruling leaves open the possibility of further challenges in the future. …
North Carolina is open for business as a domicile for captive insurance companies. The North Carolina Captive Insurance Act, signed into law in June, is now in effect, allowing for the formation of captive insurance companies in the state. More …
State Farm Insurance Co. plans to build a national operations center in the Atlanta suburb of Dunwoody. The facility will be built on a nearly four-acre site across from the Dunwoody MARTA station. City officials said the site will serve …
Lockton (MENA) Ltd. has named Tony Saada as chief executive officer. He will be responsible for developing and serving Lockton’s rapidly expanding client base in the Middle East and North Africa region. Prior to his appointment, Saada spent 27 years …
A Canadian National Railway Co. train carrying lumber and sulfur dioxide derailed in the Western Canadian province of Alberta on Sunday, but there were no injuries or spills of dangerous goods, a spokesman for the railway said. Rail safety has …
Karen Clark & Company (KCC), independent experts in catastrophe risk, catastrophe models and catastrophe risk management, issued a report in conjunction with the one-year anniversary of Superstorm Sandy. One of the issues the report looks at is why the storm …
AssuredPartners Inc., through its subsidiary AssuredPartners of New Jersey, acquired Eastern Insurance Acquisition Agency (D/B/A Eastern Insurance Group) in Pennsylvania. Eastern Insurance Group specializes in commercial insurance, personal insurance and life, health and employee benefit programs for individuals and businesses. …
Chicago-based national wholesale insurance broker R-T Specialty said it has agreed to merge with another wholesale broker Westrope, based in Kansas City, Missouri. Westrope has a national presence with concentrations in the Midwest, Southeast and Southwest. Westrope generates premiums of …
