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

California Executive Life Insurance Settlement Ends 16 Years of Litigation

A settlement has been reached with the last remaining defendant in a 16-year-old lawsuit brought by the California Department of Insurance that arose out of the 1991 liquidation of Executive Life Insurance Co. The French company Artemis S.A. has agreed …

New Hampshire Law Grants Immunity to People Who Report Overdoses

As part of New Hampshire’s effort to address the ongoing drug abuse problem, Gov. Maggie Hassan has signed a bill that will spare people from criminal prosecution in certain cases if they are reporting a drug overdose. Hassan is calling …

JLT Specialty USA Hires Taccetta as Executive VP in New York

JLT Specialty Insurance Services Inc. (JLT Specialty USA), a U.S. subsidiary of London-based Jardine Lloyd Thompson Group plc., hired Joe Taccetta as executive vice president. Taccetta will be based in New York where he will be part of the management …

Bunch Named an Ernst & Young Gulf Coast Entrepreneur of the Year

Richard “Gordy” Bunch, founder, president and chief executive officer of The Woodlands Financial Group (TWFG) in The Woodlands, Texas, has been named an Ernst & Young Entrepreneur of the Year 2015 for the Gulf Coast area. Bunch was announced as …

Q&A: As Obama Health Law Survives, Republicans Divided Over Next Move

Having lost their latest war against President Barack Obama’s health care overhaul, Republicans must decide how to wage battles that could fan the issue for the 2016 elections. Last month’s Supreme Court decision upholding the statute’s federal subsidies, which help …

Survey: Many Consumers Stress Over Safety of Financial Information

While the safety of their private financial information is a big deal for a lot of people, when it comes to protecting it, many are actually pretty lax, a new survey says. According to the phone survey commissioned by MasterCard, …

Walsh to Lead Construction Practice at Oswald Cos.

Oswald Companies, based in Cleveland, Ohio, appointed Tim Walsh to the position of director of Construction Practice, Property & Casualty. He will be based at Oswald’s Detroit office and oversee the full construction practice in all of Oswald’s geographic markets. …

Missouri Insurance Department Returns $6.3M to Consumers

The Missouri Department of Insurance helped consumers who filed a complaint against their insurance company receive an additional $6.3 million in claim payments in the first half of 2015. Health insurance generated the most complaints in the first half of …

Sparks Receives Insurance Council of Texas Raymond Mauk Award

Craig Sparks, non-executive chairman of Union Standard, has been presented with the Raymond Mauk Leadership Award by the Insurance Council of Texas (ICT). Sparks is the eighteenth recipient of the award. The ICT presents the Raymond Mauk Leadership Award each …

Louisiana Local Governments Act to Share Millions in BP Settlement

Local governments in Louisiana have begun accepting settlements for their share of a proposed $18.7 billion settlement between BP, Louisiana, four other states and the federal government to mitigate claims stemming from the 2010 Deepwater Horizon oil spill. The Gretna …