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

Amica Mutual Offers Outdoor Spring Cleanup Tips for Homeowners

A long, cold winter has finally given way to spring, and it’s time to start cleaning up the yard and making other household repairs. Amica Mutual Insurance Company in Lincoln, R.I., reminds homeowners to consider six key areas during outdoor …

Hiscox Re Names Bakhshi, Thakrar Chief Officers

Hiscox Re, the newly combined reinsurance operations of Hiscox, announced the appointments of Reeva Bakhshi as chief financial officer and Paresh Thakrar as chief operating officer. CFO Bakhshi will be based in Hiscox’s Bermuda office. She previously held a number …

Maine Insurance Bureau Announces New Online Auto, Homeowners Resources

Maine Governor Paul R. LePage and Insurance Superintendent Eric Cioppa recently announced that the Bureau of Insurance now offers new online resources for consumers who want to compare auto and homeowners insurance policies. Regulators said downloadable copies of policy forms …

China Relaxation of Insurance M&A Rules Could Invite More Global Firms

China’s decision to partially relax mergers and acquisition rules in the insurance industry could see global insurance firms expand their footprint in the $288 billion market. Beijing would allow insurers, including Chinese-based foreign insurance firms, to buy stakes in more …

Atlas General Insurance Services, LLC, Hires Matt Horton as the Vice President of Marketing, Western Region

San Diego, Calif. (April 8, 2014) – Atlas General Insurance Services, LLC, a national multi-line program manager, welcomes Matt Horton as the new vice president of marketing, Western Region. In his new role, Horton will be responsible for developing Atlas’ …

New Mexico Jury Gives 1-Cent Damage Award

A potash mining company won its lawsuit against an oil and gas company over a mistake in a New Mexico drilling project but a jury awarded just one cent of damages. The award for Plymouth, Mass.-based Mosaic Co. in its …

Washington Governor Vetoes $1.5 Million Disaster Fund Cut

Washington Gov. Jay Inslee has vetoed a proposed cut of $1.5 million to Washington state’s disaster response fund. This decision was on a list of vetoes applied to the supplement state budget approved by lawmakers earlier this year. Most of …

Gilleland-Edgar Named CIA-Leavitt Co-Owner in Colorado

CIA-Leavitt Insurance Agency named Brenda Gilleland-Edgar an owner/partner of the firm, as well as vice president of the corporation and vice president of operations. Gilleland-Edgar focuses on farm and ranch and banking businesses. She started her insurance career in Nevada, …

Home-Elevation Grants Begin Flowing to N.J. Communities

A low-lying barrier island community north of Atlantic City is the first to be awarded state aid since Superstorm Sandy to help residents elevate their homes. New Jersey officials announced on April 4 they have approved housing-elevation grants for 26 …

Arthur J. Gallagher: Q1 Revenues Up 20%; 10 Mergers in Pipeline

Illinois-based global insurance broker Arthur J. Gallagher & Co. reported 20 percent growth in total revenues for its brokerage and risk management units combined along with four percent growth in organic commissions and fees in the first quarter. The broker …