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

John Hancock to Refund Seniors $550K in Massachusetts

John Hancock Life Insurance Company, along with its subsidiary broker-dealer, has agreed to refund senior citizens in Massachusetts more than $550,000, Massachusetts Attorney General Martha Coakley’s office announced. John Hancock’s refund is part of an agreement to settle allegations that …

Oktoberfest Insurance App Highlights German Digital Trend

For some, being prepared for Oktoberfest means downloading an app that points you to the nearest restroom or helps you decipher Bavarian dialect. A novelty at this year’s event is an online casualty insurance with 50,000 euros ($63,500) in accident …

AssuredPartners Acquires Crawford Advisors in Maryland

AssuredPartners Inc., through its subsidiary AssuredPartners of Maryland, LLC, has acquired Crawford Advisors, LLC, in Hunt Valley, Maryland. Terms of the transaction were not disclosed. Crawford Advisors specializes in employee benefits and compliance services for mid-market and large companies. It …

Welch to Retire as President/CEO at Grange Insurance; Ammendola to Assume the Posts

Tom Welch, president and CEO of Columbus, Ohio-based Grange Insurance, has announced that he will retire as of January 2015. The company’s board of directors has elected John Ammendola, executive vice president and chief property and casualty officer, to assume …

10 Years and 12,000 Smoke Alarms in Texas

The We’re Out to Alarm Texas program has donated approximately 12,000 smoke alarms to Texas seniors and other citizens throughout the state during its 10 years in existence, the Insurance Council of Texas announced. The ICT said these smoke alarms …

Lawmakers Question the Adequacy of Traffic Control After Fire Halts Flights

The havoc created by a suicidal technician at a Chicago-area flight-control center has some lawmakers asking how a single person armed with gasoline and knives could bring down part of the U.S. air-traffic system. Damage caused last week by a …

Coastal Carolina University Suspends 3 Fraternities

Coastal Carolina University in Conway, S.C. has suspended three fraternities after administrators received hazing complaints. Coastal spokeswoman Martha Hunn told local reporters the chapters of Kappa Sigma, Tau Kappa Epsilon and Pi Kappa Phi have been placed on suspension while …

Alabama Gas Explosion Heightens Concern Over Cast-Iron Pipe Corrosion

When Darryle Brown woke up in the dark hours of an early December morning, he heard an explosion. Suddenly, Brown was on fire and trapped underneath an eight-inch-thick concrete slab – the floor of his fiancée’s two-story apartment unit in …

Talanx to Shift Investments to Non-Euro Countries

Talanx AG, Germany’s third-biggest insurer, plans to shift investment to countries outside the euro region as monetary policy measures erode returns on assets in the currency union. “Generally speaking, investing has become more complex and more risky as a result …

Ace Launches Image Protect for the Middle East, North Africa

Ace Group has launched Image Protect, a product designed to help companies across the Middle East and North Africa region (MENA) effectively manage their reputational risks. The move stems from the results of a recent study, Reputation at Risk, which …