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

AIG Chairman Miller Comments on Corporate Tax Rate, Succession and BofA Deal

American International Group Inc. Chairman Steve Miller said lawmakers should bring U.S. corporate tax rates in line with other nations’ to halt firms from switching their legal address to cut obligations. The U.S. corporate tax rate of 35 percent is …

Vits Joins Burnham Benefits as Senior Account Executive in California

Burnham Benefits Insurance Services named Helen Vits a senior account executive in its Irvine, Calif. office. Vits will consult with Burnham clients as they structure their employee benefit packages. Vits’ career in employee benefits began at Baker, Thomsen Associates, which …

Insurer Says OK to Settlement in Wrongful Death Suit Against Hawaii Driver

A $1.1 million settlement has been reached in a wrongful death lawsuit involving the death of a 26-year-old pedestrian. The settlement came in a civil lawsuit against Robert Wayne Yount, 83, and the civil case will be dismissed, The Garden …

AP Finds That Wildfire Citations in California Applied Unevenly

A review by The Associated Press of California government data has found a wide discrepancy in how state and local fire officials apply fines and citations for failing to clear vegetation in areas prone to wildland blazes. Property owners in …

EPIC Purchases Jenkins Insurance Services in California

The shareholders of Jenkins Insurance Services have sold 100 percent of their shares to Edgewood Partners Insurance Center. Terms of the deal, which closed on July 17, were not disclosed. Jenkins has California offices in Concord, Sacramento, San Jose, Orange …

Rock-Throwing Attack in Pennsylvania Shows Cars’ Vulnerability

A rock-throwing attack that left an Ohio woman with serious injuries is a reminder of how vulnerable motorists are when someone decides to target random victims from a highway bridge or overpass. As 52-year-old middle school language arts teacher Sharon …

Cross Insurance Acquires Merchant, Needham & Associates in Maine

Bangor, Maine-based Cross Insurance has acquired Merchant, Needham & Associates Insurance, an independent insurance agency based in Northeast Harbor, Maine. Terms of the transaction were not disclosed. Originally founded in the late 1890s, Merchant, Needham & Associates provides business, home, …

USI Acquires BHB Insurance Services in New Jersey

USI Insurance Services announced the closing of the acquisition of BHB Insurance Services in Toms River, New Jersey. Terms of the transaction were not disclosed. USI says BHB is best known for its community associations practice group (primarily condos and …

Freedom Industries, West Virginia Businesses Seek $2.9M Insurance Payout for Chemical Spill

At least $2.9 million could fuel studies in a proposed settlement between West Virginia businesses and residents and the company that contaminated their water supply. The deal between lawyers for Freedom Industries and businesses and people who sued Freedom was …

NFL Players Sue Own Union, Allege Concussion Conspiracy with Owners

The National Football League Players Association conspired with the league to hide the risks of head injuries sustained on the gridiron, two ex-pros claimed in a lawsuit. Former Minnesota Vikings defensive tackle Christian Ballard and Gregory Westbrooks, a linebacker for …