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

People – Southeast

Van Wert, Ohio-based Central Insurance Companies announced several promotions. Keith Moore is now senior vice president of the southeast region. He will continue to oversee the day-to-day operations of the southeast regional office in Alpharetta, Ga., including claims, commercial lines …

North Carolina Driver’s Ed: Does It Work?

The North Carolina legislature’s government watchdog agency says the state still does not have a good handle on how effective local driver’s education programs for high school students are financially or how well they produce safe drivers. The Program Evaluation …

Bank of America Settles Forced-Place Insurance Claims for $228M

Bank of America Corp. agreed to pay $228 million to settle claims the bank overcharged for insurance homeowners were forced to accept when their regular policies lapsed. The amount was disclosed in a document requesting approval for the accord filed …

Insurance Can’t Protect Libertarian’s Dream of Unlimited Liability: McArdle

If you run in libertarian circles, you hear a lot about lawsuits. It’s the obvious recourse for anyone who wants less regulation but can’t bring themselves to insist that, say, chemical companies should be allowed to dump toxic waste into …

Scientists Warn: Prepare Now for Next Nuclear Plant Accident

Three major atomic accidents in 35 years are forcing the world’s nuclear industry to stop imagining it can prevent more catastrophes and to focus instead on how to contain them. Of the 176 new reactors planned across the globe, half …

Stolen Marquis de Sade’s Sex Manuscript, Insured by Lloyd’s, Returns to Paris

The Marquis de Sade’s scandalous and sexually graphic novel “120 Days of Sodom” has come back home. Written in prison in 1785 — just before the French Revolution — and described by the Marquis himself as “the most impure tale …

Arthur J. Gallagher to Buy Australian Wesfarmers’ Insurance Brokerage

Perth, Australia-based conglomerate Wesfarmers has agreed to sell the insurance brokerage and premium funding operations of its Insurance division to subsidiaries of U.S.-based broker Arthur J. Gallagher & Co. for A$1,010 million (about U.S. $933 million). In addition to the …

Malaysian Plane Tragedy Increases Pressure for Plane Tracking after MH370

Four weeks into the hunt for MH370, pressure is building for better ways of tracking aircraft as regulators wrestle with the Malaysian jet’s disappearance armed with only minimal information on the fate of its 227 passengers. As search efforts intensified …

Confie Head Eyes Commercial Acquisitions for Rest of 2014

Confie Seguros’ president wants it known that the agency made good on its promise a year-and-a-half ago to up its buying spree and expand into standard personal and small commercial lines, all while broadening its demographic from being primarily a …

2 New Jersey Towns Contesting Audits on Sandy Aid

Two New Jersey towns are contesting findings from the federal government that they are not entitled to certain Superstorm Sandy debris removal reimbursements. In a report made public Wednesday, the Homeland Security Department’s Inspector General found Little Egg Harbor Township …