Yearly Archives: <span>2012</span>

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 …

Aon’s Anning Joins TigerRisk’s London Office

Reinsurance broker TigerRisk Partners reported that Nick Anning will join the firm as a director in its London office. In his new position Anning will serve as practice leader for North American reinsurance. Anning started his reinsurance broking career in …

Neace Lukens Acquires South Carolina Broker

Louisville, Kentucky-based Neace Lukens is continuing its expansion by acquiring the independent risk management and insurance broker, First Carolina Risk Management Advisors. The Charleston, S.C.-based First Carolina offers risk management, employee benefits, and personal lines insurance for commercial and individual …

Kentucky Coal Mines in Arrears on Safety Fines: Report

A published report says Kentucky coal operators owe more in delinquent fines to federal authorities for mine safety violations than any other state. The Courier-Journal said the finding is from an analysis it did of records from the federal Mine …

West Virginia Gears Up for Auto Insurance Verification Program

The West Virginia Department of Motor Vehicles is taking steps to educate motorists about electronic verification of insurance coverage. The DMV said vehicle owners will soon begin receiving an informational insert when they get registration renewal papers in the mail. …

State Auto Consolidates RED, Rockhill in North Carolina

The specialty division of the State Auto Insurance Group is consolidating its Risk Evaluation and Design (RED) subsidiary and its Rockhill Specialty Program Division into a single operating structure. The RED team, based in Chapel Hill, N.C., will be led …

Appeals Court Upholds Mississippi Fraud Verdict Against Asbestos Lawyers

A federal appeals court panel has upheld a $420,000 verdict against two Mississippi lawyers accused by a railroad company of committing fraud during an asbestos lawsuit they filed in 2001. McComb attorneys William Guy and Thomas Brock sued Illinois Central …

Small Firms’ Health Insurance Tax Break Disappoints

It seemed like a good idea at the time. But a health insurance tax credit for small businesses, part of President Barack Obama’s health care law that gets strong support in public opinion polls, has turned out to be a …