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

Study Links 2011 Oklahoma Quake to Wastewater Injection

New research suggests the sharpest earthquake to strike Oklahoma may have been triggered in part by wastewater injection – which, if true, would make the 2011 temblor the strongest ever linked to disposal practices within the oil and gas industry. …

Edwards Joins Align General Insurance Agency in Chicago

Sylvia Perez Edwards joined Align General Insurance Agency LLC as vice president of the specialty commercial division, reporting to Frank Dunne. She is based in Chicago, Ill. Edwards has over 20 years of general liability and excess surplus lines underwriting …

Armstrong Appeals to Texas Supreme Court to Halt Insurer Lawsuit

Lance Armstrong has asked the Texas Supreme Court to stop a Dallas company from trying to force him to pay back about $12 million in bonuses it paid him for winning the Tour de France. SCA Promotions sued Armstrong last …

Hub International Acquires Assets of E.J. Wells Insurance Agency in Mass.

Hub International Limited said its subsidiary Hub International New England, LLC has acquired the assets of E.J. Wells Insurance Agency Inc., a Westford, Mass.-based insurance brokerage firm. Terms of the acquisition were not disclosed. The E.J. Wells operations will become …

Liberty Mutual’s 1Q Profit Declines 14.5% to $272M

Liberty Mutual Holding Co. Inc. reported $272 million net profit for its 2014 first quarter, a decline of $46 million or 14.5 percent from $318 million net profit reported during the same period in 2013. The Boston-based insurer saw higher …

GEICO Making Gains Across the Country: SNL Financial

GEICO Corp. beat out its competitors in premium growth in 2013 and reported one of the best underwriting margins among the top 20 U.S. auto insurers. According to a report by SNL Financial, GEICO’s direct personal auto premiums, prior to …

Arizona Law to Protect Cities From Catastrophic Death Costs

Arizona Gov. Jan Brewer has signed a bill that would protect cities and towns from large insurance liabilities in the case of a disaster that results in the death or serious injury of a public safety employee. House Speaker Andy …

BNSF Settles Lawsuit with Montana City Over Contamination

BNSF Railway has settled a lawsuit filed by landowners living near a former railroad tie treatment plant near Somers, Mont. BNSF spokesman Matt Jones told the Flathead Beacon the settlement reached last month calls for the company to buy most …

Seawater May be Drought Solution for One California City

With California in a drought, the coastal city of Santa Barbara is thinking about firing up a desalination plant that has been in storage for more than two decades. The city built the plant in the 1990s during the last …

Employers Names Two Key Executives in its Nevada Headquarters

Reno, Nev.-based Employers named Larry Rogers senior vice president and chief underwriting officer and Frank Buonomo vice president of IT infrastructure and operations. Rogers has more than 25 years of experience in the industry. Rogers has substantial experience within the …