A faulty connector sending inaccurate information and pilots mistakingly shutting down the wrong engine during a flameout led to the February crash of a TransAsia Airways Corp. plane, investigators said. Flight GE235 had a connector that failed to send right …
The article TransAsia Plane Crashed in February After Faulty Sensor, Errors by Pilots appeared first on Insurance Journal.
Marsh & McLennan Agency LLC (MMA), a subsidiary of Marsh, has acquired St. Louis, Mo.-based J.W. Terrill, one of the largest independent agencies in the Midwest. Terms of the transaction were not disclosed. This acquisition is MMA’s first in Missouri. …
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Authorities say a truck driver who slammed into numerous stopped cars outside of Chattanooga, Tenn., last week, killing six, had been cited for careless driving in Florida the previous day. According to a Florida Highway Patrol crash report, 39-year-old truck …
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Andy N. Siegel, president of Siegel Insurance, Inc., a Trusted Choice insurance agency in Atlanta, was installed as president of the Independent Insurance Agents of Georgia, Inc. (IIAG) on June 13, during the association’s 118th Annual Meeting and Convention in …
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Lighthouse Property Insurance Corp. (Lighthouse), with headquarters in Florida, began offering homeowners insurance and flood insurance throughout Texas on July 1. Lighthouse also provides coverage to more than 36,000 policyholders in Louisiana, South Carolina and North Carolina, and distributes products …
The article Lighthouse Enters Texas Homeowners Insurance Market appeared first on Insurance Journal.
Property/casualty insurance wholesaler, J.M. Wilson, based in Portage, Mich., has promoted Cheryl Gleason as Personal Lines manager. In addition to managing the day-to-day activities of the Personal Lines team, Gleason will quote new and renewal business, coordinate with carriers, and …
The article Michigan-Based J.M. Wilson Promotes Gleason appeared first on Insurance Journal.
Chubb Corp. Chief Executive Officer John Finnegan could walk away with at least $92.7 million if he’s terminated after ACE Ltd. acquires the company. Finnegan, who’s run the insurer since late 2002, would be eligible to receive $20.5 million in …
The article If Terminated After ACE Takeover, Chubb CEO Finnegan Due $93M appeared first on Insurance Journal.
West Virginia Lottery officials say “casino night” fundraisers conducted by charitable organizations are illegal but the Lottery does not have authority to crack down on such events. County prosecutors have shown little interest in pursuing charges against members of local …
The article West Virginia Lottery to Charities: Casino Night Fundraisers Are Illegal appeared first on Insurance Journal.
Police antagonized crowds gathered to protest in Ferguson, violated free-speech rights and made it difficult to hold officers accountable, according to a U.S. Department of Justice report summary obtained by the St. Louis Post-Dispatch. The summary cited “vague and arbitrary” …
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Guy Carpenter & Company, LLC, has reported that “after two years of price decreases averaging 15 percent on U.S. property catastrophe placements, risk-adjusted pricing moderated at the most recent June renewals. “Price declines moderated to decreases averaging in the high …
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