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

Running of the Bulls Ok’d in California City

A Southern California city has announced plans to host a Pamplona-style bull run, months after a neighboring town nixed the event because of safety concerns. The Riverside Press-Enterprise reported the Golden State edition of the Great Bull Run will be …

Commercial Insurance Markets Looking Favorable for Buyers in 2014: Marsh

The ample capacity and competition that helped temper firming of U.S. commercial insurance rates in 2013 is expected to continue into 2014, unless catastrophe losses turn out higher than expected, according to a report by insurance broker Marsh. U.S. commercial …

Former Idaho Councilman Sentenced For Insurance Fraud

A former Nampa City Council member in Idaho has been sentenced to 90 days in jail and 12 years of supervised probation for insurance fraud. The Idaho Press-Tribune reported that terms of the sentence given to Bob Schmidt on Tuesday …

The ‘Switching’ Economy: Consumers Open to Buying Insurance from Google, Amazon, Verizon

New global research finds that as many as two-thirds (67 percent) of insurance customers would consider purchasing insurance products from organizations other than insurers, including 23 percent who would consider buying from online service providers such as Google and Amazon. …

Mississippi Senate Backs Fine for Texting While Driving

The Mississippi Senate has voted to make texting a driving a crime _ but not much of one. Senate Bill 2434 says anyone caught sending a text message or checking a social media site while driving can be charged with …

Ice Storm Knocks Out Power for Hundreds of Thousands in Northeast

Utility crews were working feverishly to restore power to hundreds of thousands of homes and businesses in the eastern U.S. that were still in the dark and cold on Thursday after an ice storm knocked out electricity to more than …

South Carolina Livability Courts Settle Neighborhood Complaints

Sitting in Judge Alesia Rico Flores or Judge Michael Molony’s courtroom in Charleston or Judge Debra Jackson’s in Florence, defendants and onlookers realize that while these municipal courts uphold the rule of law, they do so in a different way. …

Verisk to Sell Mortgage Data Arm Interthinx to First American for $155M

First American Financial Corp., the second-largest U.S. title insurer, agreed to buy Interthinx Inc. from Verisk Analytics Inc. for $155 million to add data that serves the mortgage industry. The sale will increase 2014 earnings and is expected to be …

Tower Group CEO, Chairman Lee Resigns; Fox, Van Gorder to Succeed

Michael H. Lee, Tower Group International Ltd. chairman, president and chief executive officer, has resigned from the company and the company’s board of directors to pursue personal and other career opportunities, the company announced today. The resignation is effective immediately. …

Senator Presses Tech Firms, Car Makers to Develop Distracted Driving Solutions

A top U.S. senator is vowing to pursue rules governing in-vehicle use of mobile phones and Internet-connected entertainment systems unless automakers and technology companies do more to reduce driver distractions. Senate Commerce Committee Chairman Jay Rockefeller, a West Virginia Democrat, …