Yearly Archives: <span>2012</span>

Towers Watson Launches Network for Chief Risk Officers in North America

Towers Watson, a global professional services company, has launched the Chief Risk Officer (CRO) Network, a knowledge-sharing network dedicated exclusively to senior risk officers of life, health and property & casualty insurers with significant operations in North America. The CRO …

Ohio Workers’ Comp Bureau Extends Private Employer Rate Cut

The Ohio Bureau of Workers’ Compensation (BWC) in late May announced an extension of the $65 million in rate cuts enacted last year for Ohio’s private sector employers to the 2013 policy year that begins July 1. BWC’s board of …

GE Executive Joins Erie Insurance as New Chief Investment Officer

Erie, Penn.-based Erie Insurance Group appointed Brad Postema as senior vice president and chief investment officer.In his new role, Postema will be responsible for the investment strategies of Erie Insurance Exchange, its underwriting subsidiaries and Erie Indemnity Company.

U.S.: Restitution Impractical for Stanford Victims

The U.S. government said it would be “impracticable” to enforce an order of restitution against financier Allen Stanford to victims of his estimated $7 billion Ponzi scheme and that it should be permitted to compensate fraud victims with forfeited assets. …

Feet of Sand Leave Midwest Farms Wasteland After Flooding

Mason Hansen guns his pickup and cranks the steering wheel to spin through sand up to 4 feet high, but this is no day at the beach. Hanson once grew corn and soybeans in the sandy wasteland in western Iowa, …

Trial Opens in Louisiana for Suit Against Costner Over BP Deal

Jury selection began June 4 in a legal fight between two Hollywood stars over investments in a device used to try to clean up BP’s 2010 oil spill in the Gulf of Mexico. In his lawsuit, actor Stephen Baldwin claims …

Idaho Reaches Settlement With Insurer Aflac

State officials say Idaho will receive $200,000 as part of a regulatory settlement with the insurer Aflac Inc. On Monday, the Idaho Department of Insurance said Aflac will have to submit compliance reports to the state every six months as …

Colorado Governor To Sign Wildfire Compensation Bills

Colorado Gov. John Hickenlooper is preparing to add his signature to two bills that will provide victims of the state-caused Lower North Fork fire ways to seek more compensation. The bills signed Monday will retroactively add state-set wildfires to the …

More Containment On New Mexico Wildfire

Aerial ignitions along multiple portions of the Whitewater-Baldy Complex wildfire boundary in New Mexico allowed crews to hold and mop-up without any complications, while containment of the state’s largest recorded fire grew to 20 percent, according to an official report …

Springfield, Mass., Residents Sue City Over 2011 Tornado Damages

Owners and tenants of a Springfield, Mass., condominium complex damaged by last year’s tornadoes have filed a lawsuit against the city, alleging officials prematurely ordered the demolition of a building, robbing occupants of potentially salvageable personal items as well as …