News

Fiesta Auto Insurance to Expand Franchise Model

Huntington Beach, Calif.-based Fiesta Auto Insurance is combining its two business models — insurance and tax preparation — under one roof, quadrupling its presence to more than 80 locations during the past 10 months. Fiesta, an insurance and tax preparation …

U.S. Senate Vote Dims Hopes for Stronger World Climate Pact

Hopes for stronger world action in 2010 to curb climate change have dimmed after the U.S. Democrats lost a key Senate seat to a Republican opposed to capping emissions, experts said Wednesday. The election of Republican Scott Brown, an opponent …

Former Insurance Co. Employee Sentenced for Stealing from Carrier, Agents

Mark Camacho, 41, of Cedar Hill, Texas, a former employee of Americo Life Insurance Co., was sentenced in federal court for stealing more than $900,000 from the carrier and its agents’ commission accounts. Chief U.S. District Judge Sidney A. Fitzwater …

Connolly Joins Miller Energy Unit

London-based Miller Insurance Services Limited announced that Brian Connolly has joined its Energy, Property & Casualty business unit. He has more than 30 years’ experience in the insurance market, previously as an underwriter and since 1992 as a broker, “in …

Nevada Commissioner Approves Workers’ Comp Rate Decrease

Nevada Insurance Commissioner Scott Kipper has approved a filing for an average decrease of 7.6 percent for workers’ compensation insurance voluntary loss costs and a 3.7 percent average decrease for workers’ compensation assigned risk rates. The filing was submitted by …

S&P:No Downgrades for Financials, Insurers from Japan Airlines Bankruptcy

Standard & Poor’s Ratings Services stated that its ratings on Japan’s financial institutions and insurance companies “would be unaffected by the debt forgiveness requested by Japan Airlines Corp. (JAL) to lenders as part of its bankruptcy procedures under the Corporate …

Yi Named Senior Client Consultant with Gallagher Benefit Services

Che Yi has been hired as senior client consultant with Gallagher Benefit Services Inc., in Greenwood Village, Colo. Gallagher Benefit Services is the employee benefits broker and consultant subsidiary of Arthur J. Gallagher & Co. Yi comes to Gallagher Benefit …

AIG Owes $195 Million to Financial Product Unit Employees

A substantial number of AIG’s Financial Products employees set to get some $195 million in retention payments no longer work with the bailed out insurer, sources familiar with the matter said Wednesday. This will be the latest round of retention …

Costamagna Appointed to Engineering Contractors Association Board

The Engineering Contractors Association (ECA) appointed Joe Costamagna, account executive at San Francisco’s Woodruff-Sawyer & Co., to its board of directors. Costamagna joined Woodruff-Sawyer’s Construction Practice as an account executive in San Francisco’s North Bay in 2009. His focus is …

Walt Disney World Fine for Monorail Death Reduced

A fine issued to Walt Disney World by a federal workplace safety agency for a serious violation that contributed to the death of a worker during a summer monorail accident has been reduced by 20 percent. Disney had been fined …

News Archives by Month