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

Indiana Man at 90: Insurance Agent, Crossing Guard

Norman Horrar has a full-time job, which at 90 years old is impressive in its own right. But Norm, as his friends call him, is an agent with Callaway Insurance. He also works part time as a crossing guard for …

Marsh & McLennan Expands in Michigan with Employee Benefits Firm

Marsh & McLennan Agency LLC (MMA), a subsidiary of Marsh LLC, has acquired Great Lakes Employee Benefit Services, an employee group benefits consulting and brokerage firm based in Troy, Mich. Terms of the transaction were not disclosed. Founded in 1997 …

UPenn Legal Scholar: FIO Report Is ‘Cautiously Sensible’

The Federal Insurance Office (FIO)’s recent report on how to improve and modernize insurance regulation has received a range of reactions since its publication in December. Recently a business law scholar at the University of Pennsylvania also weighed in on …

Lockton Adds Wasilchuk as Account Executive in Chicago

Lockton has hired John Wasilchuk as an account executive in its Chicago office focusing on environmental risk management. He is responsible for placement of environmental insurance coverage for Lockton clients and maintaining relationships with environmental underwriters and carriers. Prior to …

Bobbs, Hoefle Join Insurance Wholesaler All Risks Ltd. in Dallas

Jonathan Bobbs and Aaron Hoefle have joined independent insurance wholesaler, All Risks Ltd., in Dallas. Bobbs, a brokerage underwriter at All Risks, has expertise in property business. Bobbs previously was a national marketing director/business development with Combined Group of Dallas. …

European Banks have $3.4 Trillion of Exposures to Emerging Markets

European banks have loaned in excess of $3 trillion to emerging markets, more than four times U.S. lenders and putting them at greater risk if financial market turmoil in countries such as Turkey, Brazil, India and South Africa intensifies. The …

Mothers of Tornado Victims Sue Oklahoma Governor over School Safety Records

The mothers of two Moore schoolchildren who were killed in last year’s tornado have filed a lawsuit accusing Oklahoma Gov. Mary Fallin of violating the state’s open records law. The lawsuit was filed in Oklahoma County District Court on behalf …

Restoring Housing Focus of Next Round of $1.46B N.J. Sandy Aid

Restoring housing and shoring up critical infrastructure will be the focus of how New Jersey spends its next round of Superstorm Sandy relief money. New Jersey Gov. Chris Christie’s administration said Monday that its plans to spend $1.46 billion in …

Automaker Recalls Hit 22 Million in 2013

Automakers recalled 21.9 million cars and trucks in the U.S. last year, a nine-year high. The National Highway Traffic Safety Administration said automakers initiated 632 separate vehicle recalls in 2013, up 9 percent from the prior year. Companies are saving …

Marsh & McLennan Agency Acquires North Carolina Surety Bond Agency

Marsh & McLennan Agency (MMA), a subsidiary of insurance broker Marsh, said it has acquired The Bond Network, a surety bonding agency based in Charlotte, North Carolina. Terms of the transaction were not disclosed. Founded in 1985 by H. Thomas …