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

Binau Named Assistant VP, Personal Lines at Motorists Mutual

Ryan Binau was selected as assistant vice president, personal lines underwriting at Motorists Mutual Insurance Co. His new position will be effective May 27. Binau began his career with Motorists Mutual as a personal lines underwriter in 2005 and recently …

Former CFO of Prominent NYC Charity Admits Guilt in Thefts

Another former executive of a prominent New York City charity has pleaded guilty to conspiracy and grand larceny in what authorities now call a scheme to steal $9 million over two decades. Herbert Friedman, ex-chief financial officer of the Metropolitan …

The Starr Group Hires Nyarangi as Benefits Consultant

The Starr Group, based in Greenfield, Wis., added Taylor Nyarangi as benefits consultant. Nyarangi has more than five years of professional experience in employee benefits. She will advise both large and small employers on fully-insured and self-funded benefits offerings. The …

N.Y. Senate OKs Bill Mandating Alcohol Tests After Bad Car Crashes

New York State senators have voted to require blood-alcohol tests of all drivers following serious accidents. The Senate passed the legislation on Monday. It would mandate that police test the alcohol levels of all drivers following accidents in which someone …

McPherson Named D.C.’s Acting Insurance Commissioner

Chester A. McPherson, who has been serving as interim commissioner for the Washington, D.C., Department of Insurance, Securities and Banking (DISB), has been appointed as acting commissioner. The appointment was announced by D.C. Mayor Vincent C. Gray’s office Tuesday.McPherson has …

Liberty Mutual Launches Assumed Reinsurance for Equipment Breakdown

Liberty Mutual Insurance now offers equipment breakdown assumed reinsurance to insurers through treaties, programs and on a case-by-case basis, giving property/casualty insurers a new source for reinsurance of equipment breakdown. According to Mike Martin, executive vice president and general manager, …

Harsh Weather Slowed Growth in North Dakota Economy in 2013

Severe winter weather during the last three months of the year affected key industries tied to oil extraction, slowing North Dakota’s taxable sales and purchases in 2013, the state tax commissioner said. North Dakota’s taxable sales and purchases – a …

Family of Texas ‘Affluenza’ Teen to Pay Victim $2M

The family of a North Texas teenager who killed four people and injured 12 in a drunken-driving wreck has reached a settlement of more than $2 million with the family of a teenage boy left disabled. Tarrant County court documents …

Increase in Oklahoma Tremors a Cause for Concern, Authorities Say

The rate of earthquakes in Oklahoma has increased by about 50 percent since October 2013, significantly increasing the chance for a damaging quake in the central part of the state, federal and state agencies said. The U.S. Geological Survey and …

Louisiana Citizens Insurance Initiates Home Depot Claims Program

Louisiana Citizens Property Insurance Corp. will connect its policyholders with experienced, licensed and insured local contractors in a program with Home Depot. The state’s property insurer of last resort says the free and optional Property Pro-Net service is designed to …