Ill.-based Arthur J. Gallagher & Co. announced that its subsidiary, Risk Placement Services Inc., acquired Leicht General Agency, headquartered in Houston. Terms of the transaction were not disclosed. Established in 1992, Leicht General Agency is a wholesale insurance broker and …
A national insurance advisory organization is updating the classifications it provides insurers for assigning fire protection rating factors. Wheaton, Ill.-based The American Association of Insurance Services (AAIS) develops policy forms and rating information used by more than 600 property/casualty insurers …
Three Florida business owners have been convicted in Jacksonville in a workers compensation scheme. Authorities say all three face life in prison and fines totaling $17 million. They’ve been identified as 54-year-old Donald Touchet of El Cajon, Calif.; 59-year-old Robert …
Washington State Attorney General Rob McKenna announced that Washington will receive nearly $1.7 million as part of a $41 million settlement between 29 states and Caremark Rx, LLC, one of the nation’s largest pharmacy benefits management companies. As part of …
A special Senate committee asked Allstate Insurance company executives to provide them more documents within two weeks in a letter mailed last week to the insurance giant’s chairman. Sen. Steven Geller, a Cooper City Democrat, and Sen. Jeff Atwater, a …
Federal safety investigators have proposed $169,000 in fines against Citgo Petroleum Corp.’s refinery in Lake Charles, La., on allegations of failing to protect employees from hazardous working conditions. The Occupational Safety and Health Administration said it issued Citgo three citations …
A.M. Best Co. has placed the financial strength rating (FSR) of ‘B’ (Fair) and issuer credit rating (ICR) of “bb” of PMA Capital Insurance Company (PMACIC) under review with negative implications following the announcement that its parent, PMA Capital Corporation …
Federal officials were mired in political favoritism and miscounted the number of damaged homes in rejecting two Illinois counties’ applications for disaster relief, local Illinios officials said this week. Leaders from Iroquois and Livingston counties met on Monday to strategize …
When a fire killed a Barre, Vermont mother and four children in 2005, there was something peculiar: As firetrucks arrived, the apartment was full of smoke and had a working smoke detector, but it wasn’t sounding its alarm. Months later, …
Top federal safety officials urged the Labor Department in 2006 to adopt critical regulations to prevent deadly dust explosions– like the one suspected in the deadly blast in a Georgia sugar plant last Thursday– but the government has failed to …
