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Oklahoma State Sues Insurance Company Over Fundraising Program

Billionaire booster T. Boone Pickens and the fundraising arm of Oklahoma State’s athletic department are suing a life insurance company over a program aimed at bringing in millions of dollars, the university announced. Oklahoma State said it hoped to recover …

Texas Mutual Awards $300K in Safety Education Grants

Texas Mutual Insurance Company has awarded a combined $300,000 in grants to Kilgore College, Midland College and College of the Mainland in Texas City. The grants will fund free workplace safety courses for employers, employees and the general public. Texas …

Barney & Barney Expands International Practice

San Diego-based American Assurex Partner Barney & Barney LLC has created a new international position. Client Executive Bevin Melody will be based out of Stuttgart, Germany, where she will continue to grow the firm’s International Practice from her home office. …

iPeople to Offer Merger, Acquisition Services

iPeople LLC will launch a new merger and acquisition service for insurance agencies, brokerage firms and managing general agents throughout the United States. iPeople, a Washington, D.C.-based insurance consulting firm, will now assist firms with any details when considering buying, …

SeaBright Insurance Appoints Maw Senior VP, Chief Financial Officer

Seattle-based SeaBright Insurance Holdings Inc. has appointed Scott H. Maw senior vice president and chief financial officer. Maw has knowledge of finance, accounting and insurance. He also has experience with publicly traded companies and the investor community. He has spent …

Humphrey Joins Lockton’s International Practice Unit in Chicago

Lisa Humphrey has joined Lockton Companies as vice president in Lockton’s international practice at its Chicago office. Prior to joining Lockton, Humphrey spent nine years as an account executive for Aon both in the U.S. and London where she worked …

Northern Calif. Earthquake Damage Predicted to Be Less Than $10M

Damage and loss from yesterday’s magnitude 5.9 earthquake that struck offshore Northern California are expected to be less than $10 million, with insured losses a fraction of that, a risk modeling firm has reported. The moderate quake struck at 12:20 …

Blue Cross Competitor Sanford Gets OK to Sell Insurance in ND

North Dakota regulators have given approval to Sanford Health Plan to sell health insurance in the state, likely setting up competition with the company that has dominated the North Dakota market for decades but has drawn recent criticism for its …

Gray-Stone & Co. Adds New Commercial Package Policy

Thousand Oaks, Calif.-based Gray-Stone & Co. is offering a new commercial package policy for California. Written on admitted paper, the carrier is rated “A-” XI by A.M. Best. The commercial package policy includes property, business owners policy (BOP) and general …

Insurers Decry Overturn of Illinois Med-Mal Caps; Attorneys Praise Ruling

The American Bar Association says the Illinois Supreme Court was right in striking down as unconstitutional the caps on non-economic damage awards in medical malpractice cases. Insurer groups, however, say the decision will add to rising health care costs and …

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