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

Dhandho Acquiring Louisiana’s Stonetrust Commercial Mutual Insurance

Stonetrust Commercial Mutual Insurance Holding Co. announced it has agreed to be acquired by Dhandho Holdings LP and Dhandho Holdings Qualified Purchaser LP, based in Irvine, Calif. Stonetrust is a Louisiana-based mutual insurance holding company and the parent company of …

Arthur J. Gallagher Acquires Benefits Brokerage, Insurance Point

Itasca, Ill.-based Arthur J. Gallagher & Co. has acquired Insurance Point LLC in St. Charles, Ill. and Salt Lake City, Utah. Terms of the transaction were not disclosed. Insurance Point offers employee benefit consultation and insurance brokerage services for healthcare …

Troubled California Refinery Slated for Overhaul

Leaders of a San Francisco Bay Area city approved a $1 billion upgrade of Chevron’s troubled 1960s-era oil refinery, the largest in Northern California, after the company agreed to safety and piping upgrades and greater community investment, a newspaper reported. …

American Modern Names Alaniz VP of Sales in West

American Modern Insurance Group named Elvia Alaniz vice president of the sales west region. Alaniz has more than 18 years of insurance experience in marketing, underwriting and sales. She previously served as director of marketing for American Modern and assistant …

Vermont Town Sees Worst Flooding Since Irene

The fire chief in Chester, Vermont, said more than 3 inches of rain fell on his community creating the worst flooding since Tropical Storm Irene hit Vermont almost three years ago. Chief Matthew Wilson said the Monday flooding was “bad …

Hartford’s Q2 Core Earnings Decline 38% to $144M; Net Loss Widens

The Hartford Financial Services Group said Wednesday its 2014 second quarter net loss widened to $467 million, compared to a net loss of $190 million during last year’s second quarter. The results were hit by $617 million of loss on …

Obama Climate Rules Unpopular in GOP South

In the Republican-heavy Southeast, critics said this week that a plan by President Barack Obama’s administration to cut pollution would raise electricity prices, result in job losses and may not significantly curtail the carbon emissions blamed for global warming. The …

SCI Underwriting Management Launches Four New Products for Aging Service Industry

SCI Underwriting Management, LLC, a managing insurance agency with a focus on the aging service industry, has launched four new products for the segment: property (ultimate cover); nursing home auto coverage; crime coverage form PI-ULT-009; and nursing home cyber security …

Chemcial Plants with Terrroism Risk ‘Effectively Unregulated,’ Says Senate Report

The government has failed to inspect virtually all of the chemical facilities that it considers to be at a higher risk for a terror attack and has underestimated the threat to densely populated cities, congressional investigators say. The year-long investigation …

Florida Doctors, Health Firms to Appeal ‘Docs vs. Glock’ Gun Speech Law

Doctors and health care providers challenging a Florida gun law say they will appeal a recent decision to uphold the measure. A federal appeals court last week ruled that the law restricting what doctors can tell patients about gun ownership …