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NYC, Transport Workers Union Settle Suit Over Pedestrian Safety Program
New York City has reached a settlement with the Transport Workers Union regarding a lawsuit over the mayor’s recently implemented “Vision Zero” program that aims to eliminate all pedestrian deaths. TWU Local 100 had filed suit claiming a provision in …
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Vista Equity Buying Texas Insurance Claim Software Provider
Solera, based in Westlake, Texas, is being acquired by an affiliate of private equity firm Vista Equity Partners for about $3.74 billion in cash. The company, which makes insurance claims software, said in August that it was exploring a sale. Shareholders …
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Russell Named President, CEO of Ohio Mutual Insurance
Mark C. Russell has been tapped as the next president and chief executive officer of Ohio Mutual Insurance Group, succeeding the company’s current retiring leader Jim Kennedy. Russell comes to Ohio Mutual from Columbus, Ohio-based Grange Insurance, where he has …
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Sinkholes Lead to Lawsuits in Oklahoma Town
A town in western Oklahoma is grappling with the estimated cost of $1 million to fix several sinkholes that appeared after heavy rainfall in May. The Oklahoman reports that a lawsuit filed last month by the owners of an affected …
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Local Conn. Businesses Are Told to Plan Ahead, Prepare for Next Big Storm
A Category 3 hurricane with forces not seen in Eastern Connecticut for nearly 100 years barrels into the mouth of the Connecticut River. Roads are blocked by downed trees and utility lines. Power is expected to be out for up …
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Missouri Workers’ Comp Insurance Rates Expected to Drop
Missouri businesses could see another drop in workers’ compensation insurance premiums next year. Democratic Gov. Jay Nixon said during a visit to an Affton carpenters’ training center that early figures from the National Council on Compensation Insurance propose a dip …
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Apartment Building Explosion in Georgia Under Investigation
Firefighters are investigating a blaze at a Marietta, Ga., apartment complex that was reportedly rattled by an explosion August 31. The Atlanta Journal-Constitution reports that firefighters arrived at the Crestmont apartments around 10:20 a.m. Monday. Marietta city spokeswoman Lindsey Wiles …
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Ohio Leads the U.S. in Insurance Claims for Copper Theft
Ohio leads the country in the number of insurance claims for thefts of copper and other kinds of metals, according to a report released Wednesday by the National Insurance Crime Bureau. The report shows that Ohio reported 4,438 insurance claims …
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Generali Hires Ex-Morgan Stanley Credit-Trading Head Khazen
Assicurazioni Generali SpA hired Anna Khazen as head of investments for its asset-management unit. Khazen will cover all asset classes in her new role, said a company official, who asked not to be identified citing company policy. She is based …
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Texas Associates Insurors Adds Steanson in Austin
Texas Associates Insurors is proud to announce J.D. Steanson as its newest risk and insurance advisor, specializing in commercial contractor, home construction contractor and trade contractor risk assessment. Steanson is a member and has served on the board of directors …
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