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

Insurer Consortium Offering Coverage for Derivatives Clearinghouses

A group of insurers is for the first time offering to shoulder risk for clearinghouses backing hundreds of millions of derivatives trades, proposing more protection in markets where a collapse could cripple the global financial system. About 20 insurers were …

Marchut Joins Board of Union Mutual of Vermont Companies

Union Mutual of Vermont Companies announced the election of Mary Marchut as a member of its Board of Directors at the annual meeting of members on Feb. 26.Marchut retired from General Reinsurance in 2013, where for nearly 20 years she …

New Identity Theft Protection Company to Provide Investigative, Recovery Services

New company, N.J.-based ID360, has been formed to offer comprehensive investigative and recovery services to identity theft victims. The company is comprised of recovery specialists and a national network of former federal, state and local law enforcement professionals and former …

Maine Gov. LePage Resists Workplace Safety Data Plan

A proposal from the federal government to make more specific workplace safety data available online could violate individuals’ privacy and embarrass employers and workers, Maine officials said. Republican Gov. Paul LePage’s administration is pushing back against the U.S. Department of …

Another Montana Couple Files Landslide Lawsuit

Another couple contending their property is on an active landslide has filed a lawsuit against the owners of a private ski resort and golf community in southwestern Montana. The Bozeman Daily Chronicle reportedthat Thomas Pettus and L. Cecily Hine filed …

Barney & Barney in Southern California Names Five New Principals

San Diego, Calif.-based Barney & Barney has promoted five senior executives to principals of the firm. The new principals, all of whom are based in California, are: Sara Bennett, an executive in the property/casualty group in San Diego; Nicole Mehrara, …

Illinois Medical Marijuana Law Poses Workplace Dilemma

Illinoisans hoping to make use of the state’s fledgling medical marijuana law may risk their jobs if their employers opt to maintain or adopt zero-tolerance drug policies. The Rockford Register Star reported that the law that took effect in January …

Insurance Agent Classes Offered at McNeese State in Louisiana

A property/casualty insurance pre-licensing course will be offered in Louisiana April 4-5 and April 11-12 at McNeese State University. The classes will be held from 8 a.m.-6 p.m. and are offered in partnership with by the Louisiana Consortium of Insurance …

Iowa Council Facing Possible $50M Bill On Levees

Repairs and improvements on Council Bluffs river and creek levees in Iowa could cost the city $50 million. The Daily Nonpareil reported the estimate comes from a study on the work needed to repair river and creek levees to meet …

Study To Review Texas Hurricane Protection Ideas

A new $4 million study will look at two ideas that have been proposed as ways to protect the Houston area from hurricane storm surges that could cause billions of dollars in damage and wreak havoc on the largest petrochemical …