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

Judge Orders BP Claimant, Lawyers to Return $357K Award

A federal judge in New Orleans has ruled that a $357,000 payment in a damage claim from the 2010 BP oil spill must be repaid because the claim was fraudulent. The claim had been made by Casey Thonn for seafood …

$10B Verdict in Cigarette Case Reinstated in Illinois

An Illinois appellate court has reinstated a $10.1 billion verdict in a class-action lawsuit against Phillip Morris USA that found the cigarette-maker misled customers about “light” and “low tar” designations. Philip Morris says it will challenge the ruling by a …

Minneapolis Considering Regulations for Rideshare Companies

Minneapolis, Minn., is among cities across the country deciding how best to regulate app-based rideshare companies that connect drivers with passengers. Milwaukee is facing a similar challenge in neighboring Wisconsin. The Star Tribune says a hearing at Minneapolis City Hall …

Insurance ‘Navigators’ Would Need License Under Louisiana House Bill

The House wants to require licensing of Louisiana’s “navigator” organizations that get grants to help consumers enroll in insurance available under the federal health care law. A bill by Republican Rep. Kevin Pearson, of Slidell, to require the licensing and …

Illinois’ Van Gundy Insurance Joins Keystone Group

Keystone Insurers Group welcomed Normal, Ill.-based agency Van Gundy Insurance as its newest franchise partner in Illinois. Van Gundy Agency was founded in 1946 by Lander Van Gundy. With his roots in the harness racing industry, Van Gundy established a …

How Policies Respond When Buying or Selling an Agency

It’s rare to read an industry magazine or attend an industry conference without the topic of mergers and acquisitions coming up. The issues addressed typically include the cost of acquisitions, tax implications, systems matters, when a consultant is needed and …

More Than 200 New Speed Cameras Coming to NYC, Long Island School Zones

New York City can add 120 speed cameras in school zones under a bill approved by state lawmakers, a boost to Mayor Bill de Blasio’s plan to eliminate pedestrian deaths in the most populous U.S. metropolis. New York Governor Andrew …

Family Of Man Shot By Los Angeles Deputies Files $25M Claim

The family of a Washington man who was mistakenly shot and killed by Los Angeles County sheriff’s deputies has filed a $25 million claim against the department. The Seattle Times reported an attorney for John Winkler’s family announced the claim’s …

Lockton Names Finch to Energy Risk Team in Colorado

Lynn Finch has joined Lockton’s energy practice in Denver, Colo. Finch is an account executive with the energy practice. She will operate from Lockton’s Denver office. Finch has more than 15 years of experience as an insurance professional specializing in …

Why Some Young Agents Chose Insurance as a Career

The call to become an insurance agent is different for everyone. For Matthew Ostrow the call to become an independent agent came via social media. Thirty-year old Ostrow entered insurance just five months ago after a recruiting firm contacted him …