Yearly Archives: <span>2014</span>

People – Midwest

Leavitt Recreation & Hospitality (LRHI) added Ali Larson and Marvin Aga as commercial insurance producers focused on outdoor recreational businesses including campgrounds, RV parks, resorts, hunting lodges and ammunition manufacturers. Larson has experience in property, auto and life insurance. Aga, …

A Buyer’s Market for Reinsurance

For insurance companies, now is a good time to buy reinsurance. Prices are down and terms and conditions are favorable, according to Mathew Wulf, vice president, state relations and assistant general counsel, for the Reinsurance Association of America. All in …

California Commissioner Wants Insurance Burden on Ridesharing Companies

Transportation Network Companies like Uber, Lyft and Sidecar should bear the insurance burden when they encourage non-professional drivers to use their personal vehicles to transport passengers for a profit, according to recommendations from California Insurance Commissioner Dave Jones. Jones’ recommendations …

People – West

Monterey, Calif.-based Capital Insurance Group President and Chief Executive Officer Peter Cazzolla announced he will retire from the company. Cazzolla’s retirement is to be effective at the end of the year. He will continue in an advisory role to ensure …

Confie Head Eyes Commercial Acquisitions for Rest of 2014

Confie Seguros’ president wants it known that the agency made good on its promise a year-and-a-half ago to up its buying spree and expand into standard personal and small commercial lines, all while broadening its demographic from being primarily a …

Washington Governor Vetoes $1.5 Million Disaster Fund Cut

Washington Gov. Jay Inslee has vetoed a proposed cut of $1.5 million to Washington state’s disaster response fund. This decision was on a list of vetoes applied to the supplement state budget approved by lawmakers earlier this year. Most of …

Injured Skier Sues Oregon Resort Over ‘Drunken’ Snowboarder

A skier injured when an allegedly drunken snowboarder collided with her has filed a $900,000 lawsuit against the boarder and Skibowl in Oregon. The suit from Maria Magdalena Stanila alleges the Mount Hood ski resort has a permissive attitude toward …

New Mexico Jury Gives 1-Cent Damage Award

A potash mining company won its lawsuit against an oil and gas company over a mistake in a New Mexico drilling project but a jury awarded just one cent of damages. The award for Plymouth, Mass.-based Mosaic Co. in its …

7.5M On Fault That Shook Southern Californians Could Be Disastrous

Experts say a bigger earthquake along the lesser-known fault that gave Southern California a moderate shake in late March could do more damage to the region than the long-dreaded “Big One” from the more famous San Andreas Fault. The Puente …

Forecasters See Quiet Atlantic Hurricane Season

Rising heat in the equatorial Pacific Ocean portends the quietest Atlantic hurricane season in five years, Colorado State University researchers said. Nine named storms, with winds of at least 39 miles (63 kilometers) per hour, are expected to develop this …