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

Hughes Named Chief Marketing Officer at Church Mutual Insurance

Church Mutual Insurance Co., based in Merrill, Wis., announced Laura J. Hughes will join the company as chief marketing officer effective July 6, 2015, and report directly to CEO Michael Ravn. With more than 20 years of experience and an …

California Funds Incentives For Earthquake Protection

When California Gov. Jerry Brown signed the 2015-2016 budget, it included $3 million in funding to expand the Earthquake Brace and Bolt program and clarified that the program’s grants are income-tax exempt at the state level. California Insurance Commissioner Dave …

Fosun’s Acquisition of Meadowbrook’s California Subsidiaries OK’d

The California Department of Insurance has approved Fosun International Ltd.’s acquisition of control of Meadowbrook Insurance Group Inc.’s subsidiaries commercially domiciled in of California. The subsidiaries include Star Insurance Co., ProCentury Insurance Co. and Williamsburg National Insurance Co. The closing …

Former Arizona Congressman Renzi Rejected by High Court on Conviction

The U.S. Supreme Court rejected an appeal from former Representative Rick Renzi of Arizona, leaving intact his conviction for public corruption, insurance fraud and racketeering. Renzi, a Republican, argued unsuccessfully that his prosecution violated the Constitution’s speech-or-debate clause, which limits …

Mcdonald-Leavitt in California Brings on Stevens

McDonald-Leavitt Insurance Agency in Santa Rosa, Calif. has hired Jean Stevens as an agent licensed in commercial insurance and employee benefits. Stevens has 25 years of insurance experience. Stevens specializes in serving the agriculture, food processing, and lumber industries. Leavitt …

Supreme Court Rejects BP, Anadarko Appeal of Gulf Spill Fines

The U.S. Supreme Court on Monday rejected bids by BP Plc and Anadarko Petroleum Corp. to avoid penalties under federal pollution law in connection with the 2010 Gulf of Mexico oil spill. The high court left in place a June …

Updated AIR Hurricane Model for U.S. Features Storm Surge Module

Catastrophe risk modeling firm AIR Worldwide has updated its hurricane model for the U.S. to help insurers and reinsurers better understand and quantify the risk from hurricanes. The update features a hydrodynamic storm surge module that integrates storm parameters with …

How Terrorism Reinsurance Law Uncertainty Affected Market

After a slight dip in the wake of the brief lapse of the terrorism reinsurance program in early 2015, terrorism insurance market conditions are steady again, although there have been some noteworthy changes in behavior, insurance broker Marsh said in …

Google Offering Railroad Crossings Alerts for Drivers

Google will add audio and visual alerts to warn drivers about upcoming railroad crossings on Google’s navigation system, the U.S. Federal Railroad Administration announced on Monday. The agency also asked four other companies – Apple, Garmin, Tom Tom and AOL’s …

Congress Leaves Export-Import Bank Facing Lending, Insurance Lapse

The U.S. Export-Import Bank faced an imminent shutdown of its new lending and insurance activities as lawmakers left Washington on Thursday for an 11-day break without renewing the trade lender’s charter. Ex-Im’s authority to make new loans or write new …