Yearly Archives: <span>2013</span>

Young Joins Swett & Crawford’s Dallas Professional Services Team

Swett & Crawford, part of the independent global wholesale and reinsurance broking group Cooper Gay Swett & Crawford (CGSC), announced the addition of Ben Young to its professional services practice group in Dallas office. Prior to joining Swett & Crawford, …

NICB: Massachusetts Posts 57% Increase in Questionable Insurance Claims

Questionable claims in Massachusetts rose 57 percent from 2010 through 2012, according to the National Insurance Crime Bureau’s (NICB) 2010-2012 Massachusetts questionable claims referral reason analysis. Questionable claims (QC) are those claims that NICB member insurance companies refer to NICB …

California Tops ‘Judicial Hellhole’ List

California isn’t just a warm place to live, which is often the case even in winter, but it turns out the state is considered a “judicial hellhole.” The American Tort Reform Foundation issued its annual “Judicial Hellholes” report on Tuesday, …

Universal, Fireman’s Fund Seek ‘Fast and Furious’ Solution

When “Fast And Furious” star Paul Walker died and left the seventh film in the franchise hanging in the balance, it wasn’t the first time a studio and its insurer faced such a situation, but the point at which production …

Russell Bond Appoints Operations Manager in Buffalo, N.Y.

Russell Bond & Co. Inc., an insurance wholesaler headquartered in Buffalo, N.Y., announced Paul Saccomando has joined the firm as operations manager.Saccomando has over 30 years of property/casualty insurance experience in underwriting, operations, management, compliance, project management, marketing, product management …

State Farm: No Unusual Claims Activity in Northeast From Weekend Snowstorm

State Farm Mutual Automobile Insurance Co. says last weekend’s snowstorm that dropped as much as 17 inches of snow in parts of the Northeast didn’t have much of an impact in terms of claims activities in the area. “We did …

Dennis Busti, CEO of Saul Steinberg Insurance Unit, Dies at 71

Dennis Busti, who played a leading role in building the insurance business that tracked the rise and fall of corporate raider Saul Steinberg, has died. He was 71. He died on Dec. 14 at his home in Eastchester, New York, …

FEMA Grants Helping to Raise Flood-Prone R.I. Homes

The owners of eight flood-prone properties near Misquamicut State Beach in Westerly, R.I., are using federal grant funds to raise their homes and businesses high enough to minimize any future damage. The Westerly Sun reports that eight property owners are …

Obama’s Health Care Promise Is 2013 Top Quote, Yale Univ. Librarian Says

President Barack Obama’s acknowledgement that his promise that Americans could keep their health insurance plan turned out to be inaccurate topped this year’s list of best quotes, according to a Yale University librarian. Other notable quotations on Fred Shapiro’s eighth-annual …

Arch Enhances Healthcare Facility Professional Liability Form

Arch Insurance Group, a member of Arch Capital Group Ltd., has launched a specialized healthcare professional liability product in the U.S called Net Protection PLUS / Regulatory Defense PLUS coverage, which will be available on select Arch Healthcare policies. According …