A magnitude-4.7 earthquake and several small aftershocks shook Hawaii’s Big Island on Sunday, but there were no reports of injury or damage. The quake struck beneath the south flank of Kilauea volcano in Hawaii Volcanoes National Park at 4:36 p.m. …
Seattle, Wash.-based consulting and actuarial firm Milliman Inc. has formed Milliman Risk Institute, designed to provide scientific-based thought leadership to executive management on all facets of enterprise risk. The new risk institute has an advisory board of eight senior risk …
Nationwide is brushing off Liberty Mutual’s allegation that Nationwide’s pending acquisition of Harleysville Mutual would unfairly benefit subsidiary Harleysville Group’s stock shareholders at the expense of Harleysville Mutual policyholders. In particular, Liberty Mutual noted in its comment letter to the …
The Leavitt Group insurance brokerage has named David Bridges as the president of its Atlanta office. He will also serve as an executive vice president of the affinity programs division. Most recently with Wells Fargo Insurance Services as a senior …
A former Fargo insurance agent has been sentenced to three years in prison and five years on supervised probation for stealing hundreds of thousands of dollars from three women. Fifty-seven-year-old Jeffrey Neppl was accused of using client money to fund …
HCC Insurance Holdings Inc., headquartered in Houston, has reported preliminary fourth quarter 2011 catastrophe losses, after reinsurance and reinstatement premium, of $10 million pretax ($6.5 million after-tax). These losses relate to flooding in Thailand and impacted the company’s property insurance …
Two well-known Texas independent insurance agencies have merged. Dallas-based McQueary Henry Bowles Troy (MHBT) and Shofner, Lynch & Shulse LLC (SLS) announced that the SLS Lubbock office joined MHBT effective Jan. 1, 2012. The merger offers MHBT a long-sought-after West …
Carmel, Ind.-based Oak Street Funding has appointed W. Todd Gray as chief financial officer. Gray will lead the finance and underwriting groups at Oak Street Funding and will assist with strategic partnerships and acquisitions that position the company for future …
The owner of a boat that slammed into a barge at night off the Louisiana coast, killing all five oilfield workers on it, has sued its insurance companies in federal court. Tarpon Rental Inc. says Chartis Specialty Insurance Co. and …
A coalition fighting proposed changes to Michigan’s auto insurance laws filed a lawsuit seeking claims information from an association that handles medical bills for seriously injured accident victims. The suit filed in Ingham County by the Coalition Protecting Auto No-Fault …
