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Russell Bond Appoints Operations Manager in Buffalo, N.Y.

Russell Bond & Co. Inc., an insurance wholesaler headquartered in Buffalo, N.Y., announced Paul Saccomando has joined the firm as operations manager.Saccomando has over 30 years of property/casualty insurance experience in underwriting, operations, management, compliance, project management, marketing, product management …

State Farm: No Unusual Claims Activity in Northeast From Weekend Snowstorm

State Farm Mutual Automobile Insurance Co. says last weekend’s snowstorm that dropped as much as 17 inches of snow in parts of the Northeast didn’t have much of an impact in terms of claims activities in the area. “We did …

Dennis Busti, CEO of Saul Steinberg Insurance Unit, Dies at 71

Dennis Busti, who played a leading role in building the insurance business that tracked the rise and fall of corporate raider Saul Steinberg, has died. He was 71. He died on Dec. 14 at his home in Eastchester, New York, …

FEMA Grants Helping to Raise Flood-Prone R.I. Homes

The owners of eight flood-prone properties near Misquamicut State Beach in Westerly, R.I., are using federal grant funds to raise their homes and businesses high enough to minimize any future damage. The Westerly Sun reports that eight property owners are …

Obama’s Health Care Promise Is 2013 Top Quote, Yale Univ. Librarian Says

President Barack Obama’s acknowledgement that his promise that Americans could keep their health insurance plan turned out to be inaccurate topped this year’s list of best quotes, according to a Yale University librarian. Other notable quotations on Fred Shapiro’s eighth-annual …

Arch Enhances Healthcare Facility Professional Liability Form

Arch Insurance Group, a member of Arch Capital Group Ltd., has launched a specialized healthcare professional liability product in the U.S called Net Protection PLUS / Regulatory Defense PLUS coverage, which will be available on select Arch Healthcare policies. According …

Fire Damage to Michigan School Buses Estimated at $300K

Authorities in Saginaw County, Michigan say electrical problems caused a blaze that destroyed two school buses and damaged two more. WSGW-AM reports that damage to the four Saginaw Intermediate School District buses from the fire on the night of Dec. …

AmTrust Financial Refutes Negative Report, Says Future Has ‘Never Been Brighter’

AmTrust Financial Services Inc. (AFSI), a New York-headquartered insurer whose stock price fell last week in wake of a negative report from research firm GeoInvesting, is assuring investors its business is strong. The insurer described the negative report as “misleading …

Missouri Lawmakers to Try Again for Award Limits in Medical Liability Suits

Missouri lawmakers plan to try again to limit how much money people can receive in medical malpractice lawsuits. Missouri House Speaker Tim Jones says the liability limits are a priority for the 2014 session. And Rep. Eric Burlison, of Springfield, …

Court: Insurance Company Exempt in Wisconsin Shooting Death

A Sheboygan insurance company is exempt from having to pay after a man accidentally killed his friend in Oconto County three years ago, a Wisconsin appeals court has ruled. The 3rd District Court of Appeals decided that Wilson Mutual Insurance …

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