Monthly Archives: <span>January 2014</span>

Capital Names Stanwood Northwest Regional Field Executive

Capital Insurance Group named Bryan Stanwood regional field executive for the Northwest region. Washington, Oregon, Idaho and Utah have been combined to form the Northwest Region for CIG, with Stanwood overseeing operations. Stanwood was formerly the Washington state regional manager. …

Court Dismisses Ex-AIG CEO Greenberg’s Bailout Lawsuit Against New York Fed

A federal appeals court upheld the dismissal of a lawsuit by former American International Group Inc Chief Executive Maurice “Hank” Greenberg accusing the Federal Reserve Bank of New York of unlawfully bailing out the insurer at the height of the …

Seau Family Plans to Object to NFL’s $765M Concussion Deal

The family of the late NFL star Junior Seau plans to object to the proposed $765 million settlement of player concussion claims because the fund would not pay wrongful death claims to survivors. Although the players’ lawsuits accused the NFL …

Illinois Man Gets 6-Months in Jail for Insurance Fraud

A northern Illinois man has been sentenced to 6 months in jail for insurance fraud and forgery. Kane County prosecutors say 53-year-old Juventino Guzman of Elgin falsely claimed he’d slipped, fallen and was injured at three businesses in Elgin and …

Wisconsin Bill Would Ban Cellphones in Construction Zones

A bill that would prohibit drivers from talking on their cellphones while in a construction zone is moving forward in the Wisconsin state Legislature. The Republican-sponsored measure cleared a Senate committee earlier this month. The ban would only be in …

Ohio Hospital Settles with Michigan Cancer Patient for $200K

The University of Toledo Medical Center in Ohio has agreed to pay $200,000 to a southeastern Michigan woman who says radiotherapy was applied to the wrong sites to treat her cervical and endometrial cancer. The Court of Claims of Ohio …

Homeowners of America Insurance Co. Offering Flood Coverage in Texas

Homeowners of America Insurance Co. (HOAIC), a Texas-based property and casualty insurance company, is expanding its products to offer flood insurance to its policyholders in Texas. Homeowners of America flood insurance will be offered through a private label partnership with …

Austin Insurance Professionals Hike Fundraising Goal; State Auto Offers Challenge

With an original goal of raising $300,000 for the United Way of Greater Austin, the response from area insurance professionals was so successful during the first six months of the campaign that the Insurance Industry Challenge upped its goal to …

Conn. Officials Reject $18M Aid Request for Elevating Shoreline Homes

Connecticut officials have rejected $18 million in requests for the latest round of Superstorm Sandy aid from shoreline homeowners who want to use the emergency funding to elevate their homes to avoid future storm damage. The state sent rejection letters …

New York MTA Receives $880M Federal Aid for Sandy-Related Repairs

The first installment of about $3.8 billion in federal Superstorm Sandy aid for New York’s Metropolitan Transit Authority has been allocated to repair flooded tunnels and other infrastructure that was damaged by the 2012 storm. U.S. Transportation Secretary Anthony Foxx …