Yearly Archives: <span>2013</span>

Probation Sentence in Texas Teen’s Fatal DWI Wreck Stirs Ire

A North Texas teen from an affluent family was sentenced to probation this week after he killed four pedestrians when he lost control of his speeding pickup truck while driving drunk, a punishment that outraged the victims’ families and left …

Plymouth Rock, Bunker Hill Offer Combined Home, Auto Coverage to Massachusetts AARP Members

The senior citizen organization American Association of Retired Persons (AARP) has chosen Boston-based Plymouth Rock Assurance and its affiliated Bunker Hill Insurance to issue auto and home insurance products for AARP members in Massachusetts, starting this month. The new AARP …

Wounded Indianapolis Officer Sues Seller of Gun Used to Shoot Him

An Indianapolis police officer’s lawsuit against the original seller of a handgun later used to wound him might have to overcome a state law in Indiana that gives gun sellers significant immunity. The lawsuit filed Dec. 10 in a Marion …

Fatalities at Work Rise 28 Percent in Wisconsin

The number of Wisconsin workers killed on the job increased 28 percent last year, in part because of an increase in workplace shootings, according to federal statistics released on Dec. 11. A report from the Bureau of Labor Statistics showed …

Best Downgrades Issuer Credit Ratings of QBE’s U.S. Subsidiaries; Affirms FSR

A.M. Best Co. has downgraded the issuer credit ratings (ICR) to “a” from “a+” and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) of the pooled and reinsured members of QBE North America Insurance Group (QBENA Group). Best explained …

Broker Pleads Guilty in NYC Charity Theft, Faces Up to 25 Years in Prison

An insurance brokerage owner has admitted to helping a longtime Jewish community leader steal more than $7 million from a prominent New York City charity has pleaded guilty to charges The New York Times says Joseph Ross pleaded guilty Wednesday …

North-Central Penn. Officials: Higher Flood Insurance Rates Will Bankrupt Homeowners

Residents and officials in flood-prone north-central Pennsylvania are warning that a new federal law ending subsidized federal flood insurance rates in certain areas will bankrupt homeowners, drive down property values and deplete tax bases. They testified during a Wednesday hearing …

AIG in Talks to Sell Aircraft Leasing Unit ILFS to AerCap

Insurer American International Group is in talks to sell its jet-leasing finance business to AerCap Holdings NV, according to reports. Netherlands-based AerCap, the world’s largest independent aircraft lessor, may team up with other bidders for International Lease Finance Corp (ILFC), …

ACE USA Names Sutter Senior VP for Distribution Management

ACE USA, the U.S. based retail operations of ACE Group, has appointed Carl Sutter as senior vice president, Distribution Management. Sutter will have responsibility for developing strategic broker relationships, and driving broker-specific distribution strategies on a national basis for all …

Federal Auto Safety Regulator Strickland to Exit

The top U.S. auto-safety regulator will step down, as his agency investigates fires in Tesla Motors Inc. electric cars and is behind schedule on implementing a rule requiring backup cameras in new cars. U.S. National Highway Traffic Safety Administration leader …