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State Funding Cuts Hurt Texas Volunteer Fire Departments

A combination of record drought, epic wildfires, hard economic times and slashed state funding has put added stress on volunteer fire departments in Texas. Chris Barron, executive director of the State Firemen’s and Fire Marshals’ Association of Texas, told the …

Davis Joins RiskPoint Insurance Advisors in Oregon

Bend, Ore.-based RiskPoint Insurance Advisors, a commercial insurance agency, has named Matt Davis as director of employee benefits. Based in Portland, Ore., Davis works with clients nationwide. Davis has over 20 years of insurance experience in capacities including customer service, …

Unitedhealthcare Of California And LISI Team Up

UnitedHealthcare and LISI, a San Mateo, Calif.-based medical insurance brokerage, are joining in a partnership to bring health benefits packages to small businesses in California. LISI will make available UnitedHealthcare health benefits products to employers with fewer than 100 employees. …

UPA Insurance Brokers in Northern California Acquired by Risk Strategies

Millbrae, Calif.-based UPA Insurance Brokers has been acquired by Risk Strategies Co., a national insurance brokerage and risk management firm headquartered in Boston. The acquisition was announced on Wednesday. Terms of the deal, which closed on December 31, were not …

OFIR Recovers $25M for Michigan Consumers in 2011

The Office of Financial and Insurance Regulation (OFIR) announced that it recovered more than $25 million on behalf of Michigan consumers in 2011. OFIR recovered more than $18 million by assisting consumers with their mortgage loan modifications. An additional $1 …

Illinois Gets $7.7 Million in Federal Storm-Repair Aid

Illinois is getting more than $7.7 million to help cover the costs of repairing roads and bridges damaged by last year’s flooding and windstorms. Gov. Pat Quinn and Sen. Dick Durbin announced that the money will be coming from the …

Property Damage Prompts Search for Signs of Houston-Area Tornadoes

National Weather Service teams are surveying parts of the Houston area to determine if tornadoes are responsible for damage to homes and a suburban shopping mall. Some roads flooded and nearly 20,000 Houston-area residents lost power on Jan. 9 during …

RiskMeter.com Adds Texas Wildfire Report to Service

RiskMeter.com, a provider of real-time natural hazard risk reports, has added a Texas wildfire report to its service. This report will return a property’s proximity to wildfire risk by simply entering an address or uploading a book of business. Although …

Allianz Ready to Convert Commerzbank Non-voting Stake Say Sources

German insurer Allianz is ready to adjust its €750 million [$952 million] non-voting capital stake in Commerzbank to help the German lender strengthen its balance sheet, two sources familiar with the talks between the two parties said. Allianz inherited the …

Settlements Reported in West Virginia Mine Blast That Killed 29

Coal company Alpha Natural Resources has reached settlements with all the families of the miners killed in the worst U.S. mining disaster in four decades, a lawyer for two of the families said on Wednesday. Mark Moreland told Reuters the …

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