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10, 2015
Activist Paulson Joins Icahn’s Call to Break Up AIG
Activist investor Carl Icahn said he owns a “large stake” in American International Group Inc. and urged the insurer to spin off its life and mortgage units into public companies to avoid being tagged as a systemically important financial institution. …
28
10, 2015
Heritage Taps Hutchinson to Lead Sales & Marketing in Mass., R.I.
Clearwater, Florida-based Heritage Property & Casualty Insurance Company has hired Peter J. Hutchinson as director of sales and marketing for Massachusetts and Rhode Island, a new position. He is based in Westfield, Massachusetts. In this new role, Hutchinson will spearhead …
28
10, 2015
Concklin Named Field Rep for Berkshire Hathaway GUARD in Colorado, Utah
Berkshire Hathaway GUARD Insurance Cos. recently added Mark Concklin as a senior field representative to promote targeted growth in Colorado and Utah. Concklin is responsible for identifying prospects for appointments while providing information about available resources and new developments to …
28
10, 2015
Texas Insurance Agent, Another Man Sentenced for Ponzi Scheme
Two North Texas men, one of whom is a licensed insurance agent, have been sentenced to five-year prison terms and must repay nearly $2.4 million solicited in a Ponzi scheme, according to U.S. Attorney John Parker of the Northern District …
28
10, 2015
Illinois Trucking Company Must Pay $240K in Religious Discrimination Suit
A federal jury in Peoria, Ill., has awarded $240,000 to two Somalian-American Muslims who were fired from their jobs as truck drivers at Star Transport, an over-the-road trucking company, when they refused to transport alcohol because it violated their religious …
28
10, 2015
Sen. Warren Criticizes Legal ‘Kickbacks’ to Annuity Sales Agents
U.S. Senator Elizabeth Warren wants to restrict brokers from winning vacations, luxury cars and golf outings at the expense of retirees. Warren, a Massachusetts Democrat and prominent Wall Street critic, released a report Tuesday criticizing the largest annuity providers for …
28
10, 2015
House Votes to Extend Transportation Funding, Railway Safety Deadline
The U.S. House of Representatives on Tuesday approved a bill to keep federal funds flowing to road and bridge construction projects into late November, while also extending a key rail safety deadline to the end of 2018. In a voice …
28
10, 2015
Indiana Judge OKs Facebook Messages in Marina Fire Trial
A judge has declined to prevent private Facebook messages from being considered during a trial of two people charged in an Evansville, Ind., marina fire. The Evansville Courier & Press reports the judge denied the motion to suppress the messages …
28
10, 2015
Marsh Says It’s ‘On Track’ After Q3 Results
Marsh & McLennan Cos. Inc. reported $3.12 billion in consolidated revenue for the third quarter, a decline of about one percent compared to the same quarter last year, along with an 8.7 percent jump in net income to $323 million. …
28
10, 2015
N.Y. Sen. Gillibrand Calls for More Transparency in NFIP Claims Process
U.S. Sen. Kirsten Gillibrand, D-New York, is announcing legislation to require the Federal Emergency Management Agency to be more accountable to property owners who file claims. Gillibrand says many New Yorkers whose homes were damaged or destroyed during Superstorm Sandy …