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5 08, 2016

NYC Officer Charged with Insurance Fraud

By | August 5th, 2016|Recent Articles|Comments Off on NYC Officer Charged with Insurance Fraud

The FBI says a New York City police officer had his Range Rover doused with gasoline and lit it on fire to collect $34,000 in insurance money. Special agent Jason Wake wrote in an August complaint that Carlos Becker discussed …

5 08, 2016

Estimated Cost of Southern California Gas Leak Reaches $717M

By | August 5th, 2016|Recent Articles|Comments Off on Estimated Cost of Southern California Gas Leak Reaches $717M

Southern California Gas Co. reported that costs related to the massive leak of natural gas from its Aliso Canyon storage facility near Los Angeles have risen to $717 million. The new estimate is contained in Thursday’s release of second-quarter earnings by …

5 08, 2016

Series of Small Quakes Hit Rural Northern California Area

By | August 5th, 2016|Recent Articles|Comments Off on Series of Small Quakes Hit Rural Northern California Area

A series of small earthquakes rattled a rural area of Northern California overnight. The U.S. Geological Survey says a magnitude-4.7 quake struck at 9:55 p.m. Wednesday about 20 miles east of Janesville in Lassen County. It was followed within minutes …

5 08, 2016

Insurer Hires Firm to Resume Work at Hartford Stadium

By | August 5th, 2016|Recent Articles|Comments Off on Insurer Hires Firm to Resume Work at Hartford Stadium

Hartford’s mayor says work is set to resume on the city’s problem-plagued minor league baseball stadium, months after it was scheduled to open. Mayor Luke Bronin says the surety bonding company, Arch Insurance, has hired an architectural firm to complete …

5 08, 2016

U.S. Risk Acquires Continental Marine in California

By | August 5th, 2016|Recent Articles|Comments Off on U.S. Risk Acquires Continental Marine in California

U.S. Risk L.L.C. has acquired Continental Marine Insurance Services. Continental is a Lodi, Calif.-based wholesale insurance broker. Continental has specialized in placing marine insurance for both commercial and personal marine-related risks such as marinas, boat dealers, boat manufacturers, boat repairers …

3 08, 2016

2 Minor Quakes Hit Northern Nevada: USGS

By | August 3rd, 2016|Recent Articles|Comments Off on 2 Minor Quakes Hit Northern Nevada: USGS

The U.S. Geological Survey confirmed two magnitude 3.1 earthquakes recently shook the Reno, Nev. area. The Nevada Seismological Laboratory at the University of Nevada, Reno, says the epicenter was about 3.7 miles north-northeast of Galena High School. The USGS says the …

3 08, 2016

Lower Costs, Improved Underwriting Boost AIG Profit in Q2

By | August 3rd, 2016|Recent Articles|Comments Off on Lower Costs, Improved Underwriting Boost AIG Profit in Q2

American International Group Inc., the largest commercial insurer in the United States and Canada, reported an operating profit that beat analysts’ estimate, driven by lower costs and strong underwriting during the quarter. Shares of the company, whose board also authorized …

29 07, 2016

CastlePoint National Conserved by California Regulator to Protect Policyholders

By | July 29th, 2016|Recent Articles|Comments Off on CastlePoint National Conserved by California Regulator to Protect Policyholders

CastlePoint National Insurance Co., the sole remaining carrier member of the Tower Group, was placed into conservation on Thursday by order of the San Francisco Superior Court to protect policyholders and injured workers covered under policies issued by CastlePoint and …

3 08, 2016

PPIB in California Names Etter Vice President of Underwriting

By | August 3rd, 2016|Recent Articles|Comments Off on PPIB in California Names Etter Vice President of Underwriting

Professional Program Insurance Brokerage of Novato Calif. has named Susan Etter vice president of underwriting. Etter has been with PPIB for six years managing the underwriting and sales staff. Etter will continue to oversee the various contracts and programs at …

29 07, 2016

California Jury Awards $16.3M to Family of Construction Worker

By | July 29th, 2016|Recent Articles|Comments Off on California Jury Awards $16.3M to Family of Construction Worker

A Los Angeles jury has awarded $16.3 million to the family of a construction worker who fell to his death at a wastewater treatment plant. City News Service says the Superior Court panel this week found for Rosa Gonzalez and …