Yearly Archives: <span>2013</span>

Fitch Affirms California Earthquake Authority’s ‘A’ Rating

Fitch Ratings has affirmed the “A” rating on California Earthquake Authority’s outstanding fixed-rate revenue bonds, which mature on July 1, 2016. Fitch has also affirmed CEA’s Issuer Default Rating (IDR) at “A.” The Rating Outlook is Stable. “The ratings reflect …

Higher Speed Limit in Ohio Hasn’t Led to More Tickets

Troopers have written fewer tickets on some stretches of Ohio highways where the speed limit was bumped to 70 mph earlier this year, according to State Highway Patrol numbers reported by a newspaper. The patrol says it issued about 19,000 …

Berkshire Hathaway GUARD Adds Rentie in Midwest

Berkshire Hathaway GUARD Insurance Cos. recently appointed William Rentie as a senior field representative for the Midwest. In 2013, the insurer entered Nebraska, Iowa, Missouri, and Kansas – joining Illinois, Indiana, and Michigan, which were already part of the company’s …

Court Says Oklahoma Tribe Immune from Dramshop Liability Lawsuit

The Oklahoma Supreme Court, reversing a previous ruling, says a family injured in a 2006 auto accident cannot sue the Peoria Tribe or its Buffalo Run Casino, where the other driver in the crash had been drinking. The court’s 5-4 …

DWC OKs Carve-Out Covering 22K Southern California Workers

The Division of Workers’ Compensation announced a carve-out agreement between seven Southern California United Food and Commercial Workers (UFCW) local unions, Vons and Super A Foods. The agreement covers an estimated 20,000 workers in the region. These workers increase the …

Usage-Based Auto Insurance on Road to Becoming Standard Offering

Technology is spurring innovation and altering risk scenarios throughout the economy including in auto insurance. While advanced auto safety features, the shared economy and driverless cars promise to reshape auto insurance down the road, usage-based insurance (UBI) powered by telematics …

1 Year After Superstorm Sandy: Quick Economic Facts

Superstorm Sandy made landfall as a post-tropical cyclone on the U.S. East Coast October 29, 2012 after cutting a destructive path through the Bahamas, Cuba, the Dominican Republic, Haiti, Jamaica and Puerto Rico. Sandy is the deadliest windstorm to have …

CGSC appoints Martin Sullivan as Non-Exec Chairman of US operations Cooper Gay Swett & Crawford (CGSC), the global wholesale and reinsurance brokerage group, has appointed Martin Sullivan as Non-Executive Chairman of CGSC Delaware, the main board for the Group’s North …

CGSC Names AIG Ex-CEO Sullivan as Non-Executive Chairman for U.S.

Cooper Gay Swett & Crawford (CGSC), a global wholesale and reinsurance broking group, has appointed Martin Sullivan as non-executive chairman of CGSC Delaware, the main board for the group’s North American operations. Sullivan was previously president and CEO of AIG …

West Virginia Investigating House, Creek Damage from Fracking Spills

State regulators are investigating spills from a drilling operation in West Virginia’s Ohio County that damaged a house and entered a creek. More than 6,000 gallons of water and a non-toxic clay mixture called drilling mud from a MarkWest operation …