California News

Risk Strategies Names Roman Senior VP

Glenn Roman has joined Risk Strategies Co. as senior vice president. Besides the his own production activity, Roman will assist the California offices as construction practice leader Risk Strategies has three California offices: in Los Angeles, Irvine and San Francisco.

American E&S Appoints Broker in Vacaville, California

Carole Brown has rejoined American E&S Insurance Brokers as vice president and financial services broker. She will be working in the Vacaville, Calif., branch and has more 15 years experience specializing in directors and officers liability, errors and omissions, and …

Insurers to Build Research Center for Natural Disaster Property Losses

A new state-of-the-art applied research facility will use science and technology to expand capabilities to create more durable homes and businesses and reduce the human, financial and societal costs of natural disasters. The Institute for Business & Home Safety (IBHS), …

Scientists Say Midwest Earthquakes Poorly Understood

Scientists say they know far too little about Midwestern seismic zones like the one that rumbled to life under southern Illinois Friday (April 18) morning, but some of what they do know is unnerving. The fault zones beneath the Mississippi …

USGS: Earthquakes Serious Threat in 46 States, Ups Risks in Washington, Oregon

Scientists at the U.S. Geological Survey (USGS) have updated the USGS National Seismic Hazard Maps, and noted that earthquakes remain a serious threat in 46 of the United States. For some areas such as western Oregon and Washington, USGS increased …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Liquor Liability Coverage Nuts & Bolts: Advanced E&S Insurance Underwriters recently announced the offering of …

People

Agency Specialty Product Network, a unit of Aon Corp., has named five new regional vice presidents. Rob Romano will head the Northeast Region, which comprises Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, Vermont, New York City and Long Island. Romano …

Business Moves

ACE, Aon ACE Limited has completed its acquisition of 100 percent of the outstanding shares of Combined Insurance Co. of America and certain of its subsidiaries from Aon Corp. for $2.56 billion in cash. The closing price exceeded the $2.4 …

La. State Senator Indicted in Relation to Insurance Fraud Case

A federal grand jury on April 10 indicted a Louisiana state senator on charges he conspired to launder money for a convicted felon accused of operating an illegal insurance business. Derrick Shepherd, a lawyer from the New Orleans suburb of …

New York Seeks to Revoke CRM Holdings’ License

The New York Workers’ Compensation Board plans to yank the license of CRM Holdings Ltd. to provide third party administrative services to self-insured workers’ compensation pools in the state as early as next month, according to documents sent to the …