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Administrator of Sept. 11 Victims’ Compensation Fund Leaving Post; Successor Named

The administrator of the federal compensation fund for Sept. 11 victims is stepping down after five years. Sheila Birnbaum will leave her post as special master of the fund that disburses compensation awards to first responders, recovery workers and other …

Houston International Insurance Group Announces Senior Management Promotions

Houston International Insurance Group (HIIG) announced senior management promotions for its holding company, property/casualty underwriting operations and other business units. Peter Smith has been promoted to president of the holding company and will continue to report to Stephen L. Way, …

Health Insurers Could Go on Buying Spree If Big Mergers Blocked

The potential bust-up of two mega deals among America’s largest health insurance companies may have an unintended result – more mergers. The U.S. Department of Justice on Thursday sued to block Aetna Inc.’s $37 billion purchase of Humana Inc and …

General Star Expands Products Liability Appetite to 50 New Classes of Business

General Star Management Co. has added 50 classes for products liability offered by the Delegated Division, Contract P&C Unit. In addition, the gross receipts threshold for eligibility has been increased from $1.5 million to up to $5 million subject to …

Miami Attorney Charged with Insurance Fraud in $1.5M PIP Scheme

An attorney in Miami has been arrested for alleged involvement in a personal injury protection (PIP) fraud scheme that accounted for nearly $1.5 million in financial loss, according to Florida Chief Financial Officer Jeff Atwater and the Department of Financial …

Court Rejects Wal-Mart Shareholders’ Claim of Directors’ Liability for Mexican Bribes

Wal-Mart Stores Inc. executives and directors persuaded a federal appeals court on Friday to reject shareholder claims that they permitted and then covered up pervasive bribery by officials at the world’s largest retailer’s Mexico unit. By a 3-0 vote, the …

Online Agency Insureon Secures $3B in Capacity from Lloyd’s to Launch MGA for Small Business

Insureon, an online agency for small business insurance, has formed a new managing general agency (MGA), Insureon Underwriting Managers, which will operate under Insurance Noodle, the company’s wholesale brokerage subsidiary. The new MGA will target hard-to-place coverage for home-based businesses …

President of Florida Insurance Agency Reviving Pensacola Oyster Farms

Anyone driving on Scenic Highway recently between Scenic Terrace and Park Place Apartments probably spotted rows of dark-colored shapes floating in Escambia Bay and wondered, “What are those?” The dark shapes round into focus July 15 as Donnie McMahon III …

ClearView Risk Expands Into Florida; Taps Driggers, Glennon to Lead

ClearView Risk Holdings, LLC has expanded into Florida and hired Keith Driggers and Barbara Glennon to join its subsidiary Southwest Risk, LP. Both will serve as vice president and broker in the Tallahassee office, which will be branded as ClearView Risk – Florida. Driggers is a 21-year veteran …

48 People Escape Bus Fire in Georgia

Some 48 people were uninjured after a charter bus erupted into flames on an interstate near the Mall of Georgia. Gwinnett Fire spokesman Capt. Tommy Rutledge says the fire started near the engine compartment toward the back of the bus …

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