Yearly Archives: <span>2012</span>

Tennessee Court Nixes $2.7 Million Insurance Claim from Bar Fight

The Tennessee Supreme Court has overturned a ruling that said an insurance company must pay $2.7 million in damages for a bar fight in Hendersonville that left one man dead and injured another. The state’s highest court on Wednesday said …

Free Markets Don’t Have to Mean No Regulation

A pragmatic, free-market take on insurance related issues from R Street Institute’s Eli Lehrer. A one-time boss of mine—a bearded gentleman who liked cigars, opera, candy and the Austrian School of economics—used to insist to me that the private sector …

Professional Liability Risks Evolve with Changes in Healthcare System

National healthcare reform legislation passed by Congress in 2010 may or may not survive consideration by the U.S. Supreme Court, but the healthcare system already has been evolving in ways that are likely to proceed regardless of the success or …

Bill to Create ‘Framework for Damages’ Passes Calif. Senate

A bill its author says will provide a framework to measure damages when a plaintiff suffers injuries that passed the California Senate floor is being called by its detractors a “wolf in sheep’s clothing” effort to overturn the 2011 Howell …

N.J. Police Chief Convicted of Insurance Fraud Is Removed From Job

A judge on Wednesday ordered a convicted New Jersey police chief to forfeit his job. A jury convicted Hackensack Police Chief Ken Zisa of official misconduct and insurance fraud two weeks ago. The Record newspaper reports the judge granted a …

USI Acquires Georgia’s Impact Benefit Management Services

New York-based insurance broker USI Insurance Services has acquired Impact Benefit Management Services, LLC of Roswell, Georgia. USI said the acquisition is expected to contribute approximately $2.5 million in revenues an annual basis. Terms of the transaction were not disclosed. …

Hurry, Don’t Miss Out: Submit Today for Top 100 Independent Agency Recognition

Once again, Insurance Journal is on the search for leading privately-held property casualty independent agencies and brokerages for its annual Top 100 Property/Casualty Independent Insurance Agencies report. Top Overall Independent Agencies, Top Commercial Lines Independent Agencies, Top Personal Lines Independent …

Google Names Former MMC Exec Wittman as CFO of Motorola Mobility Unit

Internet search giant Google has named Vanessa Wittman as the new chief financial officer of its newly acquired Motorola Mobility Holdings unit.Google made the announcement last week when its $12.5 billion cash purchase of Motorola Mobility was finalized after securing …

Michigan Upper Peninsula Wildfire Destroys 115 Structures

State officials say 115 structures, including homes and a motel, have been destroyed by a wildfire in the Upper Peninsula. The Michigan Department of Natural Resources said the wildfire in Luce County’s Duck Lake area is 55 percent contained. The …

Officials: Louisiana Pump Station Work Will Help Protect From Floods

Lafourche Parish, La., officials say the repair of two pumping stations in the Raceland area will help protect against flooding. The parish will be rebuilding the Cyprien Pump Station, which services the low-lying area south of La. Highway 1 and …