Monthly Archives: <span>February 2018</span>

Stone Creek Insurance Agency Opens Washington Office, Adds Staff

Stone Creek Insurance Agency Inc. has opened a new office in the Paulsen building in downtown Spokane, Wash. and added several insurance professionals to staff the new location. Thomas Lynch has also been named vice president of operation for Stone …

Sports Play Beats Age as Indicator of New Drivers’ Ability: Study

Novice male teen drivers are better than new male drivers in their 20s and male and female students who play sports are better new drivers than those who do not participate in organized sports. Video game experience, on the other …

Liberty Mutual Net Income Fell in 2017 Due to Catastrophes, Commercial Auto, Taxes

Liberty Mutual reported $17 million in net income for 2017, down substantially from more than $1 billion in 2016. The insurer pointed to catastrophe losses, adverse development in its commercial automobile business and a charge related to the Trump tax …

Pennsylvania’s Radian Group Announces Two Executive Appointments

Radian Group Inc., a Philadelphia, Penn.-headquartered provider of private mortgage insurance, risk management products and real estate services to financial institutions, has announced two executive appointments. Derek Brummer has been promoted to the newly created position of senior executive vice …

Judge Nixes Medical Benefits Challenge to Federal Marijuana Laws

A judge on Monday dismissed a lawsuit challenging federal laws criminalizing marijuana as unconstitutional, saying the five plaintiffs had failed to pursue changes in the drug’s legal status by first going through the Drug Enforcement Administration. U.S. District Judge Alvin …

Landslides Close Roads, Damage Vehicles in Pittsburgh Area

Landslides in the Pittsburgh, Penn., area closed roads and damaged vehicles. Allegheny County officials said Saturday a Duquesne Heights landslide prompted closure of a street and evacuation of a home after materials slid down a slope against the home. Another …

Judge Denies Wells Fargo Bid to Dodge Shareholder Lawsuit

A federal judge denied Wells Fargo & Co.’s request to dismiss a shareholder lawsuit triggered by the bank’s plummeting stock price after it admitted in 2016 to creating millions of fake accounts, starting the worst financial scandal in its modern …

Pennsylvania District Reopens After Fire Destroyed, Damaged Several Buses

Schools are reopening in a Pennsylvania district where a fire destroyed or damaged more than two dozen school buses. Classes were canceled after the fast-moving blaze broke out Friday at a Parkland school district garage in South Whitehall, near Allentown, …

Australia Orders Recall of 2.3M Vehicles with Takata Air Bags

Australia has ordered the recall of 2.3 million vehicles fitted with Takata Corp air bags that have been linked to deaths worldwide, in the country’s biggest compulsory product recall. The manufacturers of the vehicles will have to pay for the …

JLT Acquires U.S. Trade Credit and Political Risk Broker IRC

Global broker Jardine Lloyd Thompson Group (JLT) has acquired International Risk Consultants (IRC), a U.S. broker specializing in specialist trade credit and political risk insurance. Based in Columbus, Ohio, and operating across U.S., Brazil, China and Hong Kong, IRC provides …