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

Industrial Boom Driving Louisiana’s Ascension Parish

More than 2,000 construction workers are building a $2.1 billion expansion of CF Industries’ nitrogen complex in Louisiana’s Ascension Parish. The 100-acre addition to the nation’s largest nitrogen plant is expected to be completed in 2016. More than 17,000 pilings …

Supreme Court May Get ‘Disparate Impact’ Housing Case

It’s not easy to prevent the Supreme Court from deciding an issue once the justices have agreed to hear a case. But over the past two years, civil rights advocates have managed to do just that by coaxing settlements in …

Agent Steals More Than $100K From California Businesses

Isidro Santillan, 53, of Pacoima, Calif., has been arrested and charged with 13 counts of grand theft and three counts of commercial burglary. Santillan allegedly stole more than $100,000 by selling insurance policies and bonds to licensed contractors and not …

Report from California Agency Looks at Millennials, Baby Boomers

Millennials are driving a greater need for a more flexible auto insurance market, while Baby Boomers are proving new opportunities for independent agents, according to a study from a general agency headquartered in San Diego, Calif. A study from Personable …

Communities at Risk in Wake of Failure to Address Rising Seas

Missions flown from the NASA base here have documented some of the most dramatic evidence of a warming planet over the past 20 years: the melting of polar ice, a force contributing to a global rise in ocean levels. The …

Maryland’s Montgomery County Tells Uber to Follow Taxi Rules

Maryland’s Montgomery County officials want to know how Uber expanded its popular ride-sharing service into Bethesda without applying for county licenses. The Washington Post reports the county is demanding that Uber explain why it’s not complying with rules that govern …

AssureStart Expands Online Small Business Insurance Sales to Four More States

AssureStart, the online small business insurance provider, is now open for business in Nevada, New York, Ohio and South Carolina. AssureStart sells business property and general liability insurance on the Internet exclusively to small businesses with fewer than 30 employees. …

Ex-Penn. Justice’s Daughter Enters Court Program on Insurance Fraud Charge

The daughter of convicted former Pennsylvania Supreme Court Justice Joan Orie Melvin on Sept. 5 entered a program designed for first-time offenders on an insurance fraud charge. Casey Melvin, 26, of Wexford, entered the program before an Allegheny County judge. …

Private Equity Firm HGGC Buys Into Florida Non-Standard Auto MGA Pearl Holding

HGGC, a middle market private equity firm, said it has completed a majority investment in Pearl Holding Group, a managing general agent (MGA) focused on the non-standard auto insurance market in Florida. As part of the transaction, Pearl’s owners, Jared …

Aon Benfield Study: Global Reinsurer Capital at New Peak – $570 Billion

The latest edition of the Aon Benfield Aggregate (ABA) report, which analyzes the financial results of the world’s leading reinsurers in the first half of 2014, estimates that global reinsurer capital reached a record level of $570 billion at June …