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

FBinsure Acquires Newbury Insurance Agency in Massachusetts

FBinsure, an independent insurance agency based in Taunton, Massachusetts, announced that it has acquired Henry L. Newbury Insurance Agency, an independent agency in North Attleboro, Massachusetts. Terms of the transaction were not disclosed. FBinsure said Henry L. Newbury Insurance Agency’s …

LP Insurance in Nevada Moves Up Handful of Employees

Reno, Nev.-based LP Insurance Services Inc. has made several moves on its employment roster. Angela Atchley was named human resources manager after the recent promotion of Teri Wood to senior operations manager. Atchley is responsible for the human resource relations …

Arson Suspected in California School Fire With $1M in Damage

Authorities say they suspect an arsonist set a Northern California middle school’s cafeteria on fire. KCBS-Radio reported that Oakland fire fighters found an opened door when they arrived to put out the early morning blaze at Claremont Middle School, leading …

Man Who Sold BoatUS to Buffett Dies at 85

Richard Schwartz, the lawyer who founded a boat insurance and towing operation and then sold it to Warren Buffett, has died. He was 85. Schwartz died on Feb. 11 after a short illness, according to Scott Croft, a spokesman for …

Treasury Troubled by Smaller Firms Not Buying Cyber Insurance

While the overall cyber risk insurance market is growing tremendously, larger corporate clients have driven much of the expansion. Smaller companies, on the other hand, have not followed suit, Deputy U.S. Treasury Secretary Sarah Bloom Raskin said recently. “Cyber insurance …

11.4 Million People Enroll Under Affordable Care Act: Obama

About 11.4 million people signed up for Obamacare or renewed their coverage for 2015, raising the possibility that enrollment may surpass the administration’s goal in the second year of the program. Enrollment closed Feb. 15 for coverage through health plans …

Calls for Safety Upgrades Follow West Virginia Oil Train Crash

A fiery oil train derailment in West Virginia this week exposes lax safety standards and strengthens the case for tougher U.S. rules governing such shipments, safety advocates said on Tuesday. A 109-car delivery of crude oil from North Dakota’s Bakken …

Judge Could Weaken GM’s Bankruptcy Liability Protection

A judge said on Tuesday that if General Motors Co is found to have violated car owners’ constitutional rights by hiding ignition-switch defects during its bankruptcy, he would consider narrowing the legal protections afforded the company under its 2009 bankruptcy …

US Assure Earns Industry Honors

Zurich award, industry association designation demonstrate company’s accomplishments Jacksonville, FL, February 18, 2015 – US Assure, a leading program administrator and insurance services provider with four decades of insurance success, recently won two prestigious industry honors—Zurich’s Spirit of Excellence award …

RSA Sells 26% Holding in India’s Royal Sundaram Alliance Insurance

RSA Insurance Group plc announced that it agreed the sale of its 26 percent holding in Indian insurer Royal Sundaram Alliance Insurance Company Limited to Sundaram Finance Limited, its joint venture partner. RSA expects to receive cash consideration of approximately …