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11, 2015
North Carolina Requests Disaster Declaration for Flood Damage
North Carolina Gov. Pat McCrory says flooding caused at least $31 million in damage in eight North Carolina counties where he’s now seeking a federal disaster declaration in hopes of getting help paying that bill. McCrory said Friday he has …
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11, 2015
New Day Underwriting Managers Promotes Slivka to President in N.J.
New Day Underwriting Managers LLC, a Hamilton, New Jersey-based specialty intermediary for environmental and construction-related professional liability insurance, has promoted Jeff Slivka to president, while Jefferey S. Lejfer will continue as the company’s chief executive officer. In 2005, Slivka helped …
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10, 2015
West Virginia Train Derailment Lawsuit Moved to Federal Court
A lawsuit filed stemming from a fiery February derailment of a CSX oil train in Mount Carbon has been moved to federal court. The Register-Herald reports that the lawsuit by more than 200 residents was moved to U.S. District Court …
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10, 2015
SBA Offers Low-interest Wildfire Disaster Loans to Washington Businesses
The U.S. Small Business Administration is offering low-interest disaster loans to Washington businesses, nonprofits and residents affected by the wildfires. The federal agency has declared its own disaster declaration to make the loans available in Chelan, Douglas, Ferry, Grant, King, …
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10, 2015
Willis Reports Q3 Net Income of $117M, Compared to $7M Net Loss in Q3 2014
Willis Group reported net income of $117 million, or $0.64 per diluted share, during the third quarter ending Sept. 30, compared to a net loss of $7 million, or $(0.04) per diluted share, in the prior year quarter. For the …
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11, 2015
Louisiana OMV Defends Insurance Fine Collection Letters
The leader of Louisiana’s Office of Motor Vehicles on Oct. 30 defended its mass mailing of 1.1 million collection letters to drivers for lapsed insurance coverage, saying the effort was aimed at clearing records and wasn’t a “money grab” for …
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10, 2015
State Auto’s Restrepo Honored with Lifetime Achievement Award
The Griffith Insurance Education Foundation announced that Robert P. Restrepo Jr., chairman of Columbus, Ohio-based State Auto Insurance Cos., received its 2015 Lifetime Achievement Award during a ceremony at the Property Casualty Insurers Association of America’s (PCI’s) annual meeting. Candidates …
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11, 2015
Florida Beach City Businesses Say Spring Break Ban Violates Civil Rights
Several Panama City Beach, Fla., nightclub owners argue in a lawsuit filed Oct. 30 that local officials violated their rights and showed racial bias when they approved a series of new ordinances designed to curb spring break mayhem. The club …
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10, 2015
Selective Insurance Group Reports $47M Q3 Net Income
Selective Insurance Group in Branchville, New Jersey, reported $47.0 million net income for its 2015 third quarter, down 12 percent from $53.2 million net income reported a year earlier. The third-quarter operating income, which excludes realized gains and losses on …
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11, 2015
Family Awarded $5M in Woman’s Michigan Retirement Home Death
A jury has awarded $5 million to relatives of a 90-year-old woman who died after ingesting detergent at a Detroit-area retirement facility. The Oakland Press reports an Oakland County jury reached the verdict this month after a seven-day trial. The …