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

CEO Esser Exits Cooper Gay Swett & Crawford Group

Global wholesale insurance and reinsurance broker Cooper Gay Swett & Crawford (CGSC) said today that Toby Esser, Group CEO, has decided to step down. The company said Martin Sullivan, who has been non-executive chairman of CGSC since October, 2013 and …

The High Cost of Insuring a Teen Driver

Parents pay an average of 80 percent more for car insurance after adding a teen driver to their policy. The highest jump in premiums—96 percent—comes from placing a 16-year-old driver on a policy while the average impact decreases to 60 …

Conn. Gov. Seeks to Scale Back Some Proposed Tax Hikes for Corporations

Connecticut Gov. Dannel P. Malloy on Friday called on lawmakers to scale back some of the tax increases his administration helped negotiate in a budget that prompted some major employers, including General Electric Co., to discuss moving out of Connecticut. …

ACE Launches General Liability Offering for Multinational Middle-Market Companies

ACE Group has launched a new insurance offering that combines domestic general liability coverage and international general liability coverage for U.S. middle-market companies that are expanding globally. The policy brings together underwriting of ACE Westchester, the company’s excess and surplus …

USI Acquires First Merchants’ Insurance Brokerage

USI Insurance Services (USI) has acquired Indiana-based First Merchants Insurance Group, a retail property/casualty and employee benefits insurance brokerage operation, from First Merchants Corp. (First Merchants). This acquisition further strengthens USI’s presence as one of the leading middle market insurance …

Data Breach ID’d in North Dakota Workers’ Comp Agency

A state server containing information from North Dakota’s workers’ compensation agency was breached, but it’s unlikely any personal information was stolen, state officials announced. Mike Ressler, the chief information officer at the state Information Technology Department, said unusual activity was …

South Dakota Rancher Indicted for False Cattle Death Claims

The indictment of a South Dakota man for falsely claiming he lost more than a hundred cattle during the autumn blizzard of 2013 could be the first such case from the storm, which devastated ranchers in the western part of …

Kansas High Court: Insurer Must Cover Student Injured in Crash

The Kansas Supreme Court has ruled that an insurance company should cover a student who was in a private vehicle when he was injured in a crash on the way to a soccer match. The ruling stems from a 2006 …

Luttrell Named Chairman of Combined Agents of America

Austin, Texas-based Combined Agents of America LLC (CAA) elected Roger Luttrell, president of Benton Luttrell Co. in Van Alstyne, Texas, as its chairman for 2015/16. Other members of the newly elected 2015-16 CAA management committee include: Executive Vice President Trent …

Blue Bell Says Listeria Source Likely Found at Oklahoma Plant

Blue Bell Creameries says it has likely identified the source of listeria contamination at its Oklahoma plant, but it may not be able to pinpoint a single source for the problem at its Texas plant. The Texas-based company gave the …