Monthly Archives: <span>May 2016</span>

The Hartford: St. Louis Small Businesses Seek Significant Growth

The Hartford says a recent survey shows that St. Louis small business owners are looking for significant growth this year. According to The Hartford’s 2015 Small Business Success Study, 56 percent of St. Louis owners are looking to grow significantly, …

Starr Companies Hires Bass as South Central Regional VP

Starr Companies has appointed Brian Bass as regional vice president for the South Central Region (Texas). Bass will be located in Starr’s Dallas office, where he will be responsible for the field leadership in the Southwest. Bass has been in …

Exxon Mobil Pays $2.63M Fine for Arkansas Pipeline Spill

Exxon Mobil has paid a $2.63 million fine more than three years after its Pegasus pipeline ruptured and spilled thousands of gallons of crude into a Mayflower neighborhood. Pipeline and Hazardous Materials Safety Administration spokesman Damon Hill tells the Arkansas …

AIG Pursues $4.1B from Hedge Funds After Q1 Loss

American International Group Inc., the insurer burned by losses on hedge funds, has submitted notices of redemption for $4.1 billion of those holdings through the end of the first quarter. “As of today, we have received $1.2 billion of proceeds …

FM Global’s Clients to Receive $465M Membership Credit

Johnston, Rhode Island-based commercial and industrial property insurer FM Global said its clients will collectively receive an estimated $465 million in premium credit when they renew their policies between June 30, 2016, and June 29, 2017. FM Global said the …

Beecher Carlson Taps Rammy Streit and Robert Streit in California

Beecher Carlson Insurance Services LLC has hired Rammy Streit and Robert Streit in its California offices. The two will work out of the Woodland Hills and Orange County, Calif. offices and report to Kevin Maloy, executive managing director and national …

Colorado’s High Court Holds State Law over Local Fracking Bans

The Colorado Supreme Court has blocked a push to limit oil and gas development near people. The state’s high court ruled that the power to promote industry trumps local bans, which the court deemed “invalid and unenforceable,” the Denver Post …

Aegon to Acquire BlackRock’s U.K. Defined-Contribution Pension Business

Aegon NV agreed to buy BlackRock Inc.’s U.K. defined-contribution pension business to bolster its position in the country’s workplace-savings market. The deal will transfer 12 billion pounds ($17.6 billion) of assets under management and 350,000 customers to the Hague-based company, …

New York Prison Guard Accused of Workers’ Comp Fraud

New York’s inspector general says a state prison guard has been charged with fraud and grand larceny, accused of stealing more than $38,000 in sick leave and workers’ compensation benefits by falsifying medical records. Inspector General Catherine Leahy Scott says …

Geico to Hire More Than 100 New Associates in New York

Geico said it plans to hire more than 100 new associates in its Buffalo, New York, office for additional positions in claims, sales and service. Geico, the largest auto insurer in New York State, said its policyholder base continues to …