Monthly Archives: <span>January 2015</span>

Iowa Testing System to Determine Safer Speeds on Icy Roads

The Iowa Transportation Department is testing a new system that could help motorists drive more safely on icy roadways. Des Moines television station KCCI says the testing is underway on an 11-mile stretch of Interstate 35 north of Des Moines. …

Roadway Bicycle Safety Bill Stalls in South Dakota House

State lawmakers want to make bicycling safer in South Dakota, but they’re having trouble figuring out how exactly to do it. The House Transportation Committee on Jan. 27 for the second time was unable to reach a consensus over a …

Greenberg Calls New York Fraud Suit Waste of Time, Money

Ex-American International Group Inc. Chairman Maurice “Hank” Greenberg said New York’s pursuit of him through a decade-old fraud suit is a waste of taxpayer money, as the two sides prepare for a trial next month. The suit has “fallen apart” …

XL Appoints Turner as Lead Consultant for Complex Accounts Team

XL Group announced it has appointed Rob Turner as lead consultant to establish its Complex Accounts capabilities in London. The company said it set up its Complex Accounts team in 2012 because it saw the opportunity and the market requirement …

Validus Holdings Reports Net Income of $481.3 Million for 2014

Bermuda-based Validus Holdings Ltd. reported net income available to Validus of $125.9 million, or $1.38 per diluted common share, for the three months ended December 31, 2014, compared to $95.3 million, or $0.93 per diluted common share, for the three …

Former School Board Insurance Consultant Faces Ethics Charge in Louisiana

The Louisiana Board of Ethics has charged the Lafayette school board’s former insurance consultant with violating ethics laws by offering a school board member tickets to a New Orleans Saints game while “seeking a contractual and business relationship” with the …

Ohio’s Westfield Insurance Expands Responsibilities of Leadership Team

Westfield Insurance, a super-regional property/casualty insurance carrier based in Westfield, Ohio, announced the following changes to its leadership team: Mike Prandi has been named to the new role of insurance operations leader. He is responsible for the delivery of sales …

Insurance Among Reasons Organizers End Wyoming Hot-Air Balloon Fest

Organizers of an annual hot-air balloon festival in Wyoming have reluctantly decided to end the event after 19 years. Mikki Smith, organizing committee president, says the 12-member panel voted unanimously Jan. 21 to end the Wild West Balloon Fest in …

ISU Cormarc Tasman in California Formed with Merger

ISU Cormarc Tasman Insurance Agency was recently formed by combining ISU Cormarc Insurance Services headquartered in Murrieta, Calif. with ISU Insurance Services Tasman in Ladera Ranch. The headquarters for the new agency will be in Murrieta. The office will serve …

Organized Family Insurance Ring Busted in Southern California

Detectives from the California Department of Insurance’s insurance fraud enforcement division arrested 15 Los Angeles area residents Thursday morning for allegedly staging auto collisions and filing more than $500,000 in fraudulent claims. Four suspects are still being sought, and an …