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

TWIA Financials Improved as Hurricane Season Starts

Low catastrophe activity and claims experience so far this year have helped to put Texas’ insurer of last resort for properties along the Gulf Coast in a better position to face the 2014 hurricane season than it has been in …

Judge Allows Lawsuit Against LinkedIn Over Use of Email Addresses

A federal judge said LinkedIn Corp. must face a lawsuit by customers who claimed it violated their privacy by accessing their external email accounts, downloading their contacts’ email addresses and soliciting business from those contacts. U.S. District Judge Lucy Koh …

XL Group Hires AIG’s Lyles for Global Professional Unit

XL Group has appointed Kelly Lyles to lead its global unit that sells professional liability insurance for directors and officers, financial institutions, architects, engineers and other businesses and service professionals. Lyles most recently served as head of specialty lines for …

Court Rules Searchable Database Is ‘Fair Use’ of Copyrighted Books

Universities and research libraries that created a searchable online database for millions of books did not violate copyright protections belonging to authors whose works were scanned, a U.S. appeals court ruled last week. Rejecting an appeal by authors’ groups, the …

Aon to Acquire National Flood Services from StoneRiver

Aon US Holdings Inc. has agreed to acquire StoneRiver National Flood Services Inc. from StoneRiver Group. Financial terms were not disclosed. The acquisition is subject to customary closing conditions. National Flood Services offers policy administration, claims processing, customer service and …

Connecticut’s Certificates of Insurance Bill Signed Into Law

Connecticut Gov. Dannel P. Malloy recently signed into law H.B.5248 that prohibits the inappropriate use and issuance of certificates of insurance. The Professional Insurance Agents of Connecticut Inc., an industry association which has been an active supporter of H.B.5248, applauded …

Arthur J. Gallagher Acquires The Plus Companies in New Jersey

Arthur J. Gallagher & Co. said it has acquired The Plus Companies Inc. in Bridgewater, New Jersey. Terms were not disclosed. Established in 1985, The Plus Companies Inc.(TPC) is a managing general agent and program manager which provides non-medical, professional …

Heffernan Hires Caravia in Southern California

Heffernan Insurance Brokers has hired Christian Caravia in its Orange County branch as assistant vice president. Caravia will focus on building the nonprofit, hospitality and transportation niches for Heffernan in Southern California. His duties will include new business development and …

Maine High Court Rejects Hospital’s Appeal in Medical Misdiagnosis Case

A Maine man who was awarded $200,000 by a jury in his malpractice suit filed after a doctor mistakenly told him he had an aggressive and fatal form of cancer won’t have to face another trial. The Maine Supreme Judicial …

Capacity Coverage Affiliate Acquires Assets of Mt. Pleasant Agency in New York

Capacity Coverage Company of New Jersey Inc. said its New York City-based affiliate, ARM-Capacity of New York LLC, has acquired assets of Thornwood, N.Y.-based Mt. Pleasant Agency Inc. This transaction was completed through a newly formed entity called Mt. Pleasant …