Government News

Judge Orders Ex-Owners of Iowa Kosher Plant to Pay $2M

A federal judge has ordered members of the family that owned a kosher slaughterhouse in Iowa to pay more than $2 million after defaulting on financial agreements with one of their former banks, which has since collapsed. U.S. District Judge …

Lessons Learned and Looking Ahead at Lloyd’s

December is often a time of reflection on what we’ve achieved, where we’ve stumbled and what lessons we will take forward into the New Year. When Lloyd’s published its three-year strategy earlier this year, it was clear that one of …

Appeals Court Rejects $21M Katrina Settlement

A federal appeals court has rejected a $21 million settlement of Hurricane Katrina damage claims that some residents had complained was unfair, and that one group said would have entitled residents and businesses to as little as $40 each. U.S. …

Declarations

Diverse Ownership “Many new agencies are forming, typically with a more diverse and younger leadership, demonstrating the strength of the independent agency system and the potential for growth.” —Robert Rusbuldt, president and CEO, for the Independent Insurance Agents & Brokers …

Oregon Gov. Orders Agencies to Help Aumsville

Oregon Gov. Ted Kulongoski is ordering state agencies to help clean up the debris left by a rare tornado that tore through Aumsville. Kulongoski has signed an executive order directing emergency management, the Oregon State Police and transportation officials to …

People

Insurance broker Marsh appointed Peter Mavraganis as U.S. leader of its renewable energy practice. Mavraganis, based in New York, will oversee Marsh’s support for its clients in renewable energy development, including solar, wind, biomass, and biofuel energy projects. He has …

American Claims Management Announces New Business Relationship with Zurich

CLARIFICATION OF RELEASE SENT ON 12/20/2010 San Diego, CA 12/21/10 – American Claims Management, Inc. (ACM) announces a new business relationship with Zurich North America Commercial’s Programs business (ZURICH). Effective December 1, 2010, ACM will commence handling all California Workers’ …

AXA Appoints Droesch as CEO – Gulf Region

The French-based AXA Group has appointed Jérôme Droesch as CEO for the Gulf region. He was previously Regional CEO for the South-West region of AXA France, and replaces Jean-Louis Laurent Josi, who has been named CEO of AXA Japan. Droesch, …

New Jersey Moving to End Liability Cap for Offshore Spills

New Jersey is moving toward making polluters pay the full cost of cleaning up offshore spills. A bill to remove a cap on liability for oil and other spills into coastal waters was passed by the state Senate on Monday …

Congress Sends Tax Deal to Obama for Signing

Congress gave final approval late Thursday to the deal President Barack Obama and Republicans made to extend expiring tax cuts — a high-stakes gamble to create jobs at a cost of deepening the U.S. debt. Over objections from many of …