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

Confie Acquires Schunke Insurance Agency, Reynolds & Reynolds in New York

Confie Seguros, a Huntington Beach, California-based national provider of personal lines insurance, announced its acquisition of Schunke Insurance Agency Inc. in West Seneca, New York, and Reynolds & Reynolds Agency Inc. in Bellport, New York. Terms of the transactions were …

Some Crops Falter in Record Midwest Rains

Weeks of record rainfalls drenched Don Lamb’s cornfields this summer, drowning some plants and leaving others yellowed, 2 feet tall and capable of producing little, if any, grain. The 48-year-old central Indiana farmer can’t recall anything like the deluges he’s …

Winter Wheat Crop Insurance Offered to All South Dakota Farmers

Ag producers across South Dakota will now be able to insure their winter wheat crop for 2016. State Agriculture Secretary Lucas Lentsch says the U.S. Department of Agriculture recently decided to expand crop insurance coverage for winter wheat in all …

California, Pacific Northwest Schools Get $4M for Earthquake Early Warning Systems

The U.S. Geological Survey has awarded $4 million to four universities in the Pacific Northwest and California to boost the development of earthquake early warning systems. The University of Washington, the University of Oregon, the California Institute of Technology and …

Coal Plant Owners in Las Vegas Area to Settle Lawsuit for $4.3M

Owners of a soon-to-close coal-fired power plant outside Las Vegas, Nev. have agreed to pay $4.3 million to settle a lawsuit and clean up contamination that neighboring Native Americans blame for health problems and water pollution. Some $1.5 million of …

Uber, Driver Attorneys Steering Toward Crucial California Hearing

Uber Technologies Inc. is jostling with drivers suing for reimbursement of their expenses in advance of an important hearing next week in the fight over whether drivers are independent contractors or employees entitled to benefits. Three drivers sued Uber in …

Raging California Wildfire Jumps Containment

Firefighters aided by lower temperatures and higher humidity have made progress corralling a wildfire threatening thousands of homes in Northern California. California Department of Forestry and Fire Protection Capt. Don Camp says containment of the fire in the Lower Lake …

AmWINS Group Acquires The III Group in Pennsylvania

Wholesale broker AmWINS Group Inc. announced today its acquisition of The III Group, a managing general agent and wholesale broker based in Glenside, Pennsylvania. Terms of the transaction were not disclosed. Founded in 1972, The III Group’s divisions consist of …

OneBeacon Sells Crop Agency to Amtrust, Exits Crop Insurance Market

OneBeacon Insurance Group is exiting the crop insurance business. The Bermuda-domiciled insurance holding company made it official with the sale of its exclusive managing general agency – Climate Crop Insurance Agency – to AmTrust Financial Services. As part of that …

AXIS Agrees to Terminate PartnerRe Merger; to Receive $315 Million Breakup Fee

AXIS Capital Holdings Limited was apparently prepared to lose out on its merger with Partner Re. The company announced, soon after the deal with EXOR was announced that it “has accepted a request from PartnerRe Ltd. to terminate the amalgamation …