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Travelers’ Small Business Risk Education Program Launched in Chicago

The Travelers Companies Inc. announced the launch of the Small Business Risk Education (SBRE) program in Chicago to help women and minority small business owners learn about risk management, develop safety risk management plans, and qualify for microloans. According to …

Silverstein Denied Right to Seek $3.5 Billion From Airlines

Real estate developer Larry Silverstein was denied the right to seek $3.5 billion from airlines whose planes were hijacked by terrorists and flown into the World Trade Center’s twin towers on Sept. 11, 2001. U.S. District Judge Alvin K. Hellerstein …

Insurer Loss Ratios High in Oklahoma After Years of Extreme Storms

The May storms in Oklahoma that produced two EF-5 tornadoes, destroyed thousands of houses, resulted in 46 deaths and sent damage estimates above the $5 billion mark, were extreme examples of a years-long pattern of storms that has the insurance …

Hargrove Tapped to Lead New Dallas Branch for All Risks Ltd.

Independent insurance wholesaler, All Risks Ltd., announced that Glenn Hargrove and several production teams have joined its organization effective July 1, 2013. Hargrove, hired as managing director, has opened an All Risks branch office in Dallas, Texas, with full-service brokerage …

Louisiana Clarifies Insured Loss Estimate from Hurricane Katrina

A recent report by financial website Kiplinger rated Louisiana as the most disaster prone state in the nation. News reports on this story have cited loss estimates of $3 billion for Hurricane Katrina and $2 billion for Hurricane Gustav. According …

Berkley Life Sciences Now Lloyd’s Coverholder for U.S. Business

Berkley Life Sciences, a global life sciences underwriter, has been accredited as a Coverholder, in conjunction with Berkley Global Underwriters, LLC, on behalf of Lloyd’s of London. As a Coverholder, Berkley Life Sciences is able to secure locally accepted insurance …

Devastated Texas Town Ponders Schools’ Future

After a massive fertilizer plant explosion devastated the rural town of West in April, local teachers and administrators did what they could to help the community cope with a disaster that killed 15 people and wrecked hundreds of structures, including …

2 Dallas Residents Guilty of Medical-Related Fraud

Two Dallas residents have pleaded guilty to medical investment-related fraud in what investigators call a $10 million Ponzi scam. Federal prosecutors in Dallas last week announced guilty pleas from 50-year-old Duncan MacDonald III and 71-year-old Gloria Ann Solomon. Both could …

New York Announces Summer Texting-While-Driving Crackdown on Long Island

New York Gov. Andrew Cuomo this week detailed a summer crackdown by the New York State Police on distracted driving on Long Island. Authorities said that in New York State, one in five crashes is a result of distracted driving. …

GEICO Announces 2 Appointments in Buffalo, N.Y., Office

Auto insurance giant GEICO recently announced that Kirk La has been named assistant vice president of the GEICO Insurance Agency and Pionne Corbin will take over as assistant vice president of underwriting in GEICO’s Buffalo, N.Y., regional operation. La will …

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