News

A.J. Gallagher Acquires Majority Stake in Chilean Marine Specialist Bareyre

Arthur J. Gallagher – the international broking division of Arthur J. Gallagher & Co. outside of the United States – announced that it has “deepened its investment in Latin America by purchasing a majority shareholding in independent Chilean retail broker …

Public Corruption Probe Targets Trinity Guardrails, Federal Highway Agency: Sources

The U.S. Justice Department is conducting a criminal investigation into the use of a highway guardrail system linked to at least eight deaths, according to people familiar with the matter, signaling a new wave of potential woes for manufacturer Trinity …

Mississippi AG Hood Sues State Farm, Alleges Katrina Claims Fraud

Mississippi Attorney General Jim Hood has sued State Farm Fire and Casualty Co. for allegedly shifting hundreds of millions of dollars in Hurricane Katrina wind claims to the state by mislabeling them flood claims. The suit, filed in the Circuit …

Compare.com CEO’s Vision for the Future – Right or Wrong

As early as 2016 or 2017 commercial insurance will likely be bought and sold regularly over the Internet. That likely-to-be controversial opinion is courtesy of Compare.com CEO Andrew Rose. As he speaks to a reporter, in one breath Rose doesn’t …

Judge to Hear Closing Arguments in Greenberg’s Case Against AIG Bailout

Closing arguments are scheduled for Wednesday in the U.S Court of Federal Claims in Washington, D.C. in a lawsuit challenging the 2008 government bailout of American International Group (AIG). The suit was brought by Starr International Co. and its CEO …

Paragon Insurance Hires Roppelt to Lead Construction Division in Connecticut

Paragon Insurance Holdings LLC., a managing general agency based in Avon, Connecticut, hired Randy Roppelt as president of the Construction Division. Prior to joining Paragon Insurance, Roppelt was president and chief underwriting officer for Coventry Risk Specialty, a managing general …

Burns & Wilcox Brokerage Opens Office in Arizona

Burns & Wilcox Brokerage has opened a Scottsdale, Ariz. office. Managing Director Marc Adler will oversee operations, as well as providing expert brokerage services. Adler has more than 25 years of experience, most recently in construction and environmental brokerage at …

Mental Health Funding Cuts Stir Outcry in Connecticut

Connecticut Gov. Dannel P. Malloy’s proposal to cut money from a state grant program to community mental health and substance abuse providers is prompting an outcry from advocates and families of Newtown massacre victims in Connecticut, who warn patients will …

Westfield CEO Clay Named Chair of Team Northeast Ohio

Jim Clay, chairman and CEO of the Ohio-based insurance and financial services company, Westfield Group, has been named chairman of the private sector business development group, Team Northeast Ohio (Team NEO). Team NEO is a regional collaboration of Northeast Ohio’s …

Recovery Slow for Gulf Oyster Industry 5 Years after BP Spill

Five years after the largest oil spill in U.S. history spewed millions of gallons of crude into the Gulf of Mexico, many Louisiana oystermen are fearful that a once-bountiful population of the mollusks may never recover. “My kids are losing …

News Archives by Month