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

On Second Thought, Make That 14 Atlantic Storms in 2013

The National Hurricane Center has added one subtropical storm to last year’s tally of tropical weather. Forecasters said that as part of a routine review of data from the 2013 Atlantic hurricane season, a short-lived low that developed south of …

Kentucky Court Upholds Dismissal of Asbestos Claim Against Cigarette Maker

The widow of a former cigarette factory worker has lost her bid for a new trial seeking compensation for her husband’s death, contending that he died of exposure to asbestos while working and smoking at a factory that made cigarettes. …

South Carolina’s Johnson & Johnson Buys H.T. Bailey of Massachusetts

Johnson & Johnson, a Charleston, South Carolina managing general agency, has acquired wholesale broker H.T. Bailey Insurance Group in Burlington and Quincy, Mass. Under its new ownership, H.T. Bailey will continue to offer products and services to independent agents and …

Arthur J. Gallagher Acquires Alabama’s Benefit Development Group

Arthur J. Gallagher & Co. said it has acquired Benefit Development Group of Selma, Alabama. Terms of the transaction were not disclosed. Established in 1986, Benefit Development Group (BDG) provides employee benefit consultation, management and brokerage services for full and …

Canadian Pacific Follows CN; Will Impose Surcharge on Older Oil Tank Cars

Canadian Pacific Railway Ltd is slapping a surcharge on customers who transport crude in older tank cars, following its larger rival in seeking to deter shippers from using the model involved in a series of fiery crashes. CP Rail will …

AIA Testifies on Challenges to U.S. Insurers in India

Stephen Simchak, director of international affairs for the American Insurance Association (AIA), testified about trade and investment barriers that U.S. property-casualty insurers face in India at a public hearing before the U.S. International Trade Commission (ITC). He was the sole …

Willis Appoints Benolken Global Leader – Technology, Media, Telecommunications

Willis Group Holdings has appointed Sara Benolken as the firm’s Global Industry Leader for Technology, Media and Telecommunications (TMT). She has “specialized in advising Willis’s TMT clients since joining the firm in 2007,” said the announcement, and “will lead the …

AIG Lured to Malaysia by Growing Takaful Market: Islamic Finance

American International Group Inc. is plotting its entry into Malaysia’s Islamic insurance market, lured by the country’s economic expansion and an industry that has grown more than fivefold in less than a decade. The insurer, the world’s largest before being …

James Norris is the New Chief Actuary at Atlas General Insurance Services, LLC

San Diego, Calif. (Feb. 18, 2014) – Atlas General Insurance Services, LLC, a national multi-line program manager, welcomes James Norris to the team as its chief actuary. In his position, Norris will be responsible for Atlas’ actuarial and analytic areas …

Bank, Wisconsin Man File Class-Action Suit Against Target

A Wausau, Wis., bank and a Fitchburg man have filed a class-action lawsuit against Target Corp. over last year’s massive security breach. Similar lawsuits have been filed in other states, but this is the first of its kind to be …