Monthly Archives: <span>May 2012</span>

Arkansas Teacher Sues District Over Anger Management Course

A debate and forensics teacher at Fayetteville High School in Fayetteville, Ark., has filed a lawsuit against the district, claiming his contract was breached because administrators told him to take anger management courses. Tim Hollis filed the suit in Washington …

Fireman’s Fund Appoints Shanks as Underwriting Executive in Chicago

Fireman’s Fund Insurance Co. has appointed Eric Shanks to the position of senior vice president, personal insurance underwriting executive. Shanks will be based in Fireman’s Fund’s Chicago office. In his new role, Shanks will provide strategic and operational direction for …

Ratings of Louisiana-based Amerisafe Inc. and Subsidiaries Affirmed

A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and issuer credit ratings (ICR) of “a” of property/casualty subsidiaries of Amerisafe Inc., headquartered in DeRidder, La. — American Interstate Insurance Co., Silver Oak Casualty Inc. and American …

Judge Reduces Prison Sentence of Chicago Insurance Mogul

A federal judge has spared a former Chicago executive the necessity of serving the final few months of his prison sentence for stealing millions from his insurance brokerage. U.S. District Judge Ruben Castillo, citing glowing reports of his behavior in …

N.Y.-Based PIA Management Services Hires Government Affairs Counsel

PIA Management Services Inc. in Glenmont, N.Y., hired Bradford Lachut as government affairs counsel for its government and industry affairs department.In his new role, Lachut serves as in-house counsel, responsible for managing public affairs agendas in multiple states, tracking significant …

FM Global Names 3 Senior Vice Presidents in Rhode Island

Johnston, R.I.-headquartered FM Global, one of the world’s largest business property insurers, announced a number of changes to its management team, effective June 1. Chris Johnson, senior vice president of marketing and enterprise learning, will become senior vice president–Asia Pacific, …

Southport Lane to Acquire Dallas National Insurance Co.

Southport Lane, a New York-based private equity firm, through its subsidiary Lonestar Holdco LLC, will acquire Dallas National Insurance Co., a Texas based property and casualty insurer. Dallas National, a subsidiary of Dallas National Insurance Holdings, was founded in 2005. …

Delaware Weighs Mortgage Assistance Plans for Struggling Homeowners

Members of Delaware legislature’s budget committee are wrestling with competing proposals from the governor and attorney general on how to help struggling homeowners. Delaware is slated to get about $46 million in a nationwide mortgage foreclosure settlement. Roughly $35 million …

NYC Publishes New Edition of ‘Ready New York’ Hurricane Guide

New York City’s Office of Emergency Management has published a new edition of its hurricane guide.Titled “Ready New York: Hurricanes and New York City,” the guide offers general tips on how to prepare for any emergency, instructions on how to …

Wells Fargo Looking to Buy Insurance Brokers: CEO

Wells Fargo & Co., which has been renewing its appetite for acquisitions lately, is interested in buying insurance sales businesses, its chief executive said on Thursday. “I love the insurance distribution business,” John Stumpf said at a Sanford C. Bernstein …