Yearly Archives: <span>2012</span>

Texas Offers $5.7M In Grants For Alt Fuel Vehicles

The Texas Commission on Environmental Quality is offering $5.7 million in grants to replace diesel vehicles with ones that use hybrid or alternative energy technology. The grants are available under the Texas Clean Fleet Program and can be applied to …

NFL’s QB Young Sues Ex-Agent, Former Money Adviser

NFL quarterback Vince Young has filed a fraud and breach of contract lawsuit against his ex-agent and a former financial adviser. The Houston Chronicle reports that the lawsuit filed Monday in Houston claims misappropriation of millions of dollars since Young …

USI Acquires Lynch, Beretta and Bucci Insurance in Rhode Island

USI Insurance Services completed the acquisition of Lynch, Beretta and Bucci Insurance, a Pawtucket, R.I.-based P/C insurance agency that specializes in a wide range of personal lines, commercial lines and specialty products, including Rhode Island contractors and restaurant insurance. Terms …

Experts Question Iowa City Landfill Fire Coverage

Iowa City’s insurance may not cover the damage done in the landfill fire that’s been burning since May 26. At least two insurance experts told The Gazette that the city could be on the hook for the estimated $4 million …

Chrysler Adds 2 Model Years To Jeep Liberty Recall

Detroit, Mich.-based Chrysler has added more than 137,000 Jeep Liberty SUVs to a March safety recall, bringing the total number of vehicles affected to nearly 347,000. The National Highway Traffic Safety Administration said the lower control arms in the rear …

Call to End NYC Carriage Horse Rides Renewed After SUV Crash Incident

A renewed push is under way in New York City to ban horse-drawn carriages after a horse was recently injured in an accident with an SUV.Carriage rides through Central Park are a staple of city tourism, but for years now, …

Lexon Buys Florida’s Peninsular Surety

Lexon Insurance Co. in Hermitage, Tennessee, has agreed to a acquire all shares of Peninsular Surety Co. in Naples, Fla. Pending expectant regulatory approval by the state of Florida, Peninsular will become a wholly owned indirect subsidiary of Lexon. Lexon …

Law Firms Facing Rise in Large Malpractice Claims: Study

Although the frequency of malpractice claims brought against law firms in the U.S. appears to be leveling office, the number of large claims is rising sharply. A new study by insurance broker Ames & Gough finds a growing number of …

Tennessee Court Rules on Workers’ Comp Statute of Limitations in Stress Case

A worker who witnessed the deaths of two co-workers but did not file a post-traumatic stress disorder claim until more than a year after the second death is still entitled to workers’ compensation benefits, the Tennessee Supreme Court has ruled. …

Arch Re Europe Announces Leadership Team Reorganization

Arch Reinsurance Europe Underwriting Limited announced that Maamoun Rajeh will be appointed as the company’s President and CEO as of July 1, 2012. He will succeed Helmut Söhler, who will assume the position of Vice Chairman of Arch Worldwide Reinsurance …