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Illinois’ Euclid Insurance Forms Financial Institutions Underwriting Unit
Euclid Insurance Services, Inc. (Euclid), based in Itasca, Ill., has formed Euclid Financial Institution Underwriters LLC (Euclid Financial) and hired David McDonald and Jim Thomas to lead the new operation. Euclid Financial is a program administrator specializing in professional lines …
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U.S. Sues Wisconsin’s Spectrum Brands over Coffee Pot Handles
The U.S. Consumer Product Safety Commission is suing Middleton, Wis.-based Spectrum Brands for allegedly failing to report a problem with coffee pot handles that could detach, creating a risk of burns. The lawsuit was filed in federal court in Madison. …
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Freedom Industries to Pay $2.5M in West Virginia Spill Cleanup
The company behind a massive chemical spill last year has reached a $2.5 million deal with West Virginia environmental regulators for cleaning up its contaminated site, according to new court filings. The Charleston Gazette reports Freedom Industries released the plan …
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North Carolina Congressman’s Tree Falls on Postal Service Vehicle, Kills Worker
A postal worker is dead after her passing vehicle was crushed by a falling tree owned by a North Carolina congressman. Multiple media organizations reported the 43-year-old female mail carrier died June 20 when the large tree fell on her …
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Marsh Appoints Rahr as Mid-Atlantic Partnership Leader in Philadelphia
Global insurance broker Marsh appointed David Rahr as Mid-Atlantic partnership leader based in Philadelphia. In this role, Rahr will work to ensure the seamless delivery of Marsh’s advisory and transactional services to Marsh’s clients throughout the Mid-Atlantic region, which includes …
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Mississippi Officials Want U.S. Long-Haul Truck Proposal Squashed
Mississippi’s transportation commissioners are urging U.S. Sen. Thad Cochran to help squash a proposal that would force the state to allow larger double-trailer trucks on its roads. “I don’t like Congress mandating that states do this,” said Central District Transportation …
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Penn. Health Care Marketplace Plan Strictly a Contingency: Gov.’s Office
Pennsylvania Gov. Tom Wolf’s administration will pull the plug on its effort to start running the insurance marketplace created by the 2010 health care law if the U.S. Supreme Court allows federal health insurance subsidies to keep flowing to hundreds …
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Michigan Regulators OK Meadowbrook/Fosun International Transaction
Michigan insurance regulators have approved the acquisition of Southfield-based Meadowbrook Insurance Group Inc. by China’s Fosun International Limited. Meadowbrook Insurance Group announced that it received the required regulatory approvals from the Michigan Department of Insurance and Financial Services on June 18, …
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Bankers Healthcare Group Launches Agency for Healthcare Professionals
In partnership with The Capacity Group, an insurance and financial services organization, the founders of Bankers Healthcare Group (BHG) have launched BHG Insurance Services (BHGIS), a licensed agency designed to provide customized insurance exclusively to healthcare professionals. BHG President and …
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Alibaba-Backed Insurer Raises $934M From Investors Including Morgan Stanley
Zhong An Online Property & Casualty Insurance Co., a Chinese online insurer part owned by Alibaba Group Holding Ltd., said it raised 5.8 billion yuan ($934 million) from investors including Morgan Stanley. The Shanghai-based company now has a market value of 49.6 …
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