Yearly Archives: <span>2014</span>

Deemed Insolvent, Ratings of Interstate Bankers Casualty Downgraded

A.M. Best has downgraded the financial strength rating to E (Regulatory Supervision) from C- (Weak) and the issuer credit rating to “rs” from “cc” of Interstate Bankers Casualty Co. (Interstate Bankers) of Chicago, Ill. The rating actions reflect Interstate Bankers …

LevelFirst Adds Revett as Senior Broker in Dallas

LevelFirst, a wholesale broker and managing general agency based in Dallas, Texas, announced Kevin Revett has joined the firm as a senior broker. Revett brings 13 years of wholesale production experience to the company. His focus will center on casualty …

Hot Sauce No Longer In Hot Water With California City

The fiery fight is apparently over between the makers of a popular and tasty hot sauce and a small Southern California city that said its factory’s smells were unbearable, after the Irwindale City Council voted to drop a public nuisance …

CMR Risk & Insurance Hires Sparkman in California

San Diego, Calif.-based CMR Risk & Insurance Services Inc. named Grisell Sparkman an account manager for the construction division as well as manager for the small business unit. Grisell has more than 10 years of experience in the commercial lines …

Christie: All Eligible Sandy-Damaged Homes in N.J. Will Get Funding to Rebuild

All New Jersey homeowners who were put on a waiting list for the state’s signature post-Superstorm Sandy housing program will receive funding to rebuild, New Jersey Gov. Chris Christie said Wednesday. Christie said at a town hall-style meeting in Stafford …

Aetna, Humana, Cigna Accused of Bias Against AIDS Patients in Florida

Advocates for people with HIV and AIDS charged that insurers including Aetna Inc., Humana Inc. and Cigna Corp. have discriminated against Obamacare patients in Florida infected with the virus. The Tampa-based AIDS Institute and the National Health Law Program, an …

Providence, R.I., Sues Santander Bank, Alleging Mortgage Bias

Banco Santander SA’s U.S. unit was sued by the city of Providence, Rhode Island, over claims it stopped issuing mortgages in minority neighborhoods after the housing bubble burst, the latest in a series of discrimination lawsuits against lenders by U.S. …

West Virginia Launches Storage Tank Registration Website

A West Virginia website will provide information and online registration for aboveground storage tank owners to comply with a new law. The site explains the law written in response to a January chemical spill. The Department of Environmental Protection estimates …

Wedding Insurance Helps Couples Through Sickness, Bad Weather and Lost Venues

By December, Holly Ellis and Brendan Spiegel had nailed down most of the details of their upcoming July wedding by signing a contract that would take care of just about everything – from food to flowers to music. “We were …

Individual or Corporate? Two Visions of the Sharing Economy

Google’s driverless car and Apple’s deal to buy Beats Electronics, primarily for its streaming music service, represent the latest moves in a battle between two visions of the sharing economy: One in which the goods being shared belong to the …