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University Study of P/C Insurers Finds Bad CEOs Can Wreck Companies

When companies go out of business, their leaders often blame something other than their own performance for the failure. Lehman Bros.’s CEO Richard Fuld said his immense compensation package had nothing to do with his firm’s death in 2008. Ken …

Grange Insurance Promotes Dinnin to President, Commercial Lines

Columbus, Ohio-based Grange Insurance has promoted Elizabeth Dinnin to president of Commercial Lines. In this role, she’ll be responsible for the overall growth and profitability of the company’s $200 million book of business. Dinnin previously served as vice president of …

Judge Allows Lawsuits Against Bank of America Executives Over Merrill Deal

A Manhattan federal judge refused to dismiss shareholder lawsuits against Bank of America Corp and various executives and directors over the purchase of Merrill Lynch & Co. during the 2008 financial crisis and disclosures about Merrill’s losses and bonus payouts. …

SullivanCurtisMonroe Names Wallace VP in Pasadena

Irvine, Calif.-based SullivanCurtisMonroe has named Gayleen Wallace vice president in its Pasadena, Calif., office. Wallace joins SCM from Bolton, where she was a producer. She has more than 20 years of commercial property/casualty experience.

Keystone Adds Two Kentucky Agencies to Network

Keystone Insurers Group today announced the addition of two more franchisees to its growing list of partner agencies. Both are in Kentucky. Houk Insurance Agency of Horse Cave and Mountain Valley Insurance in Barbourville bring the Kentucky franchise total to …

Keystone Welcomes Palmer Miller Nelson as Ohio Partner

Palmer Miller Nelson Insurance Agency Inc. (PMN) of Columbus, Ohio, has become Keystone Insurers Group’s 24th franchise partner in Ohio. The new arrangement was announced jointly by PMN President Steven Miller and Keystone’s Ohio Vice President Angie Engelke. In business …

Payouts to Injured Nuclear Weapons Workers Reach $6 Billion

The federal government has paid more than $6 billion in benefits and compensation to employees who became injured working in nuclear weapons industry. More than 61,000 workers have received the payments in the nine years since the benefits law, Energy …

Former North Dakota Work Comp Director Demands New Trial

Former North Dakota workers’ compensation director Sandy Blunt should have his felony conviction for misspending public funds dismissed because prosecutors withheld evidence before his trial, Blunt’s lawyer argued Aug. 26. Prosecutors did not turn over copies of a Bureau of …

Liberty Golden Joins The Iroquois Group

Liberty Golden Insurance Services of Newark, Calif., has joined The Iroquois Group. Iroquois is a network of property and casualty insurance agencies with more than 1,800 member agencies in 37 states.

Louisiana’s First Premium Insurance to Process Oil Worker Fund Claims

A Covington, La., company has been hired to process applications for money from a $100 million fund set up by BP to help oil rig workers idled by a federal moratorium on new deepwater drilling in the Gulf of Mexico. …

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