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

2 AIG Subsidiaries File to Redomesticate From Pennsylvania to Illinois

Two subsidiaries of the American International Group — Granite State Insurance Company and New Hampshire Insurance Company — recently filed for approval a plan of redomestication that would change their state of domicile from Pennsylvania to Illinois. The two companies …

Pothole Claims Up in Ohio This Year

More Ohio motorists are looking for repayment from the state for pothole damage to their cars, nearly tripling the number of claims filed in 2013. The Dayton Daily News reports nearly 300 pothole damage claims have been filed statewide so …

Michigan Town OKs Liability Insurance, Reinstates Police Department

Newly sworn-in trustees in Oakley, Mich., are reinstating the village’s police department after its shutdown in September. The Saginaw News reports the village council voted 3-2 to re-establish the police force. It also approved liability insurance to cover the department. …

AmTrust Financial Services to Acquire CorePointe Insurance Co.

AmTrust Financial Services Inc. announced it has entered into a definitive agreement to acquire Birmingham, Mich.-based CorePointe Insurance Co. (CorePointe), a wholly owned subsidiary of CorePointe Group LLC. The cash transaction is subject to regulatory approval. Established in 1964 CorePointe …

Quiet Atlantic Hurricane Season Coming to End

The Atlantic hurricane season will officially end November 30, and will be remembered as a relatively quiet season as was predicted, according to weather scientists at the National Oceanic and Atmospheric Administration (NOAA). “Fortunately, much of the U.S. coastline was …

Small Quake Near Dallas Stirs Fracking Critics

A light earthquake shook the Dallas-Ft. Worth area of North Texas at night on Nov. 22, leaving no known damage or casualties but stirring concern about the potential of the area’s oil and gas fracking industry to generate seismic activity. …

Seismologists Look for Better Ways to Track Nevada Quake Swarm

Seismologists have taken steps to better track an earthquake swarm in the sparsely populated northwest corner of Nevada near Oregon and California. Ken Smith of the University of Nevada, Reno’s Nevada Seismological Laboratory says the placement of equipment closer to …

Schools in California to Pay $139M in Sex Abuse Settlement

The Los Angeles Unified School District agreed to pay $139 million to settle lawsuits by sexual abuse victims of a former third-grade teacher whose 2012 arrest sparked criticism of how allegations of abuse were handled at schools in the district’s …

ACE Authorizes $1.5 Billion of Share Buybacks

ACE Ltd., the Swiss insurer with operations in more than 50 nations, authorized $1.5 billion of share buybacks to take place in 2015. The plan replaces the authorization that expires at the end of this year, according to a statement …

AssureStart Online Small Business Insurance Now Sold in California

AssureStart, a Seattle-based online small business insurance provider, is now open for business in California. AssureStart sells business property and general liability insurance on the Internet to small businesses with fewer than 30 employees. By answering a few questions on …