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10, 2015
Chubb Shareholders Say No to Finnegan’s $80M Golden Parachute
Chubb Corp. shareholders opposed an $80 million golden parachute payment for Chief Executive Officer John Finnegan, who struck a deal to sell the insurer to Ace Ltd. About 61 percent of voting shareholders said no to the pay packages for …
22
10, 2015
Lockton Adds de Nazarie as VP, Producer in Chicago
Lockton Companies announced that Matt de Nazarie has joined its Chicago location as vice president and producer. de Nazarie is a key addition to Lockton’s growing Chicago team and will play a vital role in developing new business, the insurance broker said. Prior to joining …
22
10, 2015
Mississippi Governor Issues Indefinite Burn Ban for Entire State
The entire state of Mississippi has been put under a burn ban because of dry conditions. Gov. Phil Bryant issued the ban Tuesday at the request of the Mississippi Forestry Commission. It will last indefinitely. Much of the state is …
22
10, 2015
Florida Couple Charged After Receiving Sinkhole Settlement, Selling Home
Hernando County, Florida deputies say a Brooksville couple faces mortgage fraud charges after selling their home and failing to notify the buyers about sinkhole activity. The Tampa Tribune reports that Rickey and Frances Shew received a $240,000 settlement from Florida …
22
10, 2015
Atlanta Judge Dismisses Sperm Donor Misrepresentation Suit
A judge in Atlanta has tossed out a lawsuit accusing a sperm bank and sperm donor of misrepresenting the medical and social history of the donor. Angela Collins and Margaret Elizabeth Hanson, who live in Canada, filed the lawsuit in …
21
10, 2015
Obama Administration Names Task Force to Create Drone Registry
The Obama administration said on Monday that it would require drone owners to register their unmanned aircraft as part of an effort to curtail rogue drone flights that pose a danger to commercial aircraft and crowded public venues. U.S. Transportation …
21
10, 2015
Lloyd’s Signs MoU with China’s Taiping Insurance Group
Lloyd’s announced that it has signed a Memorandum of Understanding (MoU) with China Taiping Insurance Group, “marking a significant level of co-operation between the world’s only specialist insurance and reinsurance market and one of China’s leading insurance companies.” The agreement …
21
10, 2015
PwC Concludes South African Insurers Seeking Technology Partnerships
South Africa’s biggest insurers are considering technology and telecommunications partnerships as they seek ways to improve earnings to counter increased competition and a slowing economy, according to PricewaterhouseCoopers LLC. “There are a few tie-ups being worked on,” Victor Muguto, PwC’s …
21
10, 2015
Swett & Crawford’s MGA Adds Two Lumber Underwriters in California
The Insurance Center for Building Materials has hired Rick Zorman and Phil McCown in Los Angeles. Both Zorman and McCown are experienced lumber underwriters and will expand the firm’s capabilities for this market. Zorman has experience in heavy manufacturing and …
21
10, 2015
Quakes Still Rattling Area East of San Francisco
A series of small earthquakes that have struck east of San Francisco since last week continue to rattle the region. KGO-TV reported Tuesday that the largest one so far, a magnitude-3.5 temblor struck around 4:20 p.m. Monday, according to the …