News

Segal Group Acquires Employee Benefits Firm Moroni Fantin in Michigan

The Segal Group announced it has acquired a portion of the business of Moroni Fantin, an employee benefits consulting firm located in the Detroit, Mich.-area. Moroni Fantin specializes in working with Michigan and national, mid-market, self-insured health plans. Robert D. …

U.S. Sen. Schumer Seeks to Turn Up Heat on Railcar Safety

U.S. Senator Charles Schumer on Monday called for an overhaul of old rail tank cars used to carry crude oil after a spate of explosive derailments over the past year. The New York Democrat joined a growing number of politicians …

Ohio Reports Record Low Traffic Fatalities in 2013

Ohio had a record low number of traffic deaths in 2013, according to preliminary data released by the State Highway Patrol. At least 923 people died on Ohio roads during the past year, and additional deaths are under review but …

Pim Aviation Insurance Becomes Newest Division of Kansas-Based IMA

Wichita, Kan.-based retail insurance broker, IMA Inc., announced it has created a new aviation practice in partnership with PIM Aviation Insurance. PIM Aviation Insurance, a division of IMA, will be led by Timothy K. Bonnell Sr. as the director of …

Rotting Wood Product in Post-Katrina Built Homes May Spark Legal Action

Actor Brad Pitt’s Make It Right Foundation, which has built 100 energy-efficient new homes in the Hurricane Katrina-ravaged Lower 9th Ward in New Orleans, is considering legal action against the manufacturer of an innovative glass-infused wood that was used in …

Lucien Wright Insurance Agency Acquires Paul Lowe Agency

The Lucien Wright Insurance Agency announced it has purchased the Paul Lowe Agency in Arlington, Texas, effective Dec. 17, 2013. The Paul Lowe Agency represents several national carriers and specializes in personal insurance. Lucien Wright Insurance Agency, headquartered in Fort …

Prudential Fraud Claims Against Goldman Sachs Over Securities Dismissed

Prudential Financial Inc. agreed to dismiss its claims that Goldman Sachs Group Inc. engaged in fraud and racketeering in selling $375 million of residential mortgage-backed securities, a court order shows. U.S. District Judge Susan Wigenton signed a dismissal order yesterday …

Big ‘I’ Independent Agents’ InsurPAC Topped $1M in 2013

The Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) said its political action committee, InsurPac, raised a total of $1,007,668 during the 2013 calendar year. “Surpassing the one million dollar mark in one year is an …

Aon Benfield Securities Places $250 Million Cat Bond for QBE’s VenTerra Re

Aon Benfield Securities, the investment banking division of global reinsurance intermediary and capital advisor Aon Benfield, announced that it has successfully underwritten and placed a $250 million catastrophe bond issued by VenTerra Re Ltd, a Bermuda-based special purpose insurer. “VenTerra …

Most Fail Test For Driver Authorization Card: Nevada DMV

Nevada Department of Motor Vehicles officials have advice for immigrants seeking a driver authorization card: study. They estimate 75 percent of applicants have failed the written test needed for the card under a new law that made the state the …

News Archives by Month