Monthly Archives: <span>August 2013</span>

William Gallagher Associates Appoints VP of Human Resources in Boston

William Gallagher Associates, a Boston-based brokerage and risk management services provider, appointed Kim Brennan as vice president of human resources. Brennan has an extensive background in many areas of human resources. She has worked in senior roles for Cytyc, MathWorks …

New York’s Highest Court to Hear Appeals in Fracking Cases

New York’s highest court will hear appeals in cases related to anti-fracking laws passed in two towns that were upheld by lower courts. The Court of Appeals in Albany will review decisions where the intermediate level courts rejected arguments by …

7 Charged With Filing False Gulf Oil Spill Claims

Federal prosecutors are charging seven people with mail fraud and false claims related to the BP oil spill. U.S. Attorney Pamela Marsh said that five of those charged had been employees at a Pensacola Beach restaurant during the time of …

West Virginia Says Resort Owner’s Illegal Dam Is Flood Hazard

Billionaire coal company and resort owner Jim Justice is in a war of words with the West Virginia Department of Environmental Protection over an illegally built dam at a gated golf course community, a 17-foot-high structure that regulators say presents …

Lloyd’s Internal Probe Said to Be Focus of New York’s Iran Sanctions Inquiry

A New York regulatory investigation of Lloyd’s of London for possible violations of Iran sanctions law has led to a government request for files of an internal probe by the insurer, a person familiar with the matter said. Lloyd’s, along …

Blackstone Settles IPO Disclosure Lawsuit for $85 Million

Blackstone Group LP reached an $85 million settlement with investors over claims it made misrepresentations about its initial public offering. A U.S. appeals court in 2011 reversed the dismissal of a proposed class-action lawsuit against Blackstone, the biggest manager of …

Tennessee’s Jamieson & Fisher Joins Keystone Insurers Group

Keystone Insurers Group said Covington, Tenn.-based agency Jamieson & Fisher Inc. has become its 21st franchise partner in the state. The announcement was made by Jamieson & Fisher President Ed Kaiser and Keystone Tennessee Vice President Michele Bicknell. Jamieson & …

Ping An Insurance Profit Rises on Investments, Banking Income

Ping An Insurance (Group) Co., China’s second-largest insurer, said first-half profit rose 28.3 percent as investment income expanded and earnings from banking operations grew. Net income climbed to 17.91 billion yuan ($2.93 billion), or 2.26 yuan a share, from 13.96 …

TD Bank Profit Falls 10% on Weather Insurance Costs

Toronto-Dominion Bank’s quarterly profit fell 10 percent as Canada’s No. 2 lender took C$418 million in insurance-related charges, but the result topped estimates and the bank hiked its dividend by 5 percent. TD, the final large Canadian bank to report …

Zurich Group Chairman Resigns After CFO’s Suicide

Zurich Insurance Group AG Chairman Josef Ackermann resigned after the company’s finance chief died in a suspected suicide. “The unexpected death of Pierre Wauthier has deeply shocked me,” Ackermann, 65, said in a statement today. “I have reasons to believe …