Penn. Man Faces Jail Term for Setting House Fire for Insurance

January 8, 2013Email ThisPrintNewslettersTweetArticleComments

A western Pennsylvania man faces up to 16 years in prison when he’s sentenced in April for setting his house on fire for the insurance money.

Forty-four-year-old John Albert Picardi, of Kittanning, acknowledged putting a sheet over a basement heater in hopes it would catch fire on Feb. 25, 2010.

Fire investigators originally blamed the fire on the supposedly faulty heater and ruled it accidental, but their investigation was reopened after Picardi’s live-in girlfriend told police he purposely put the sheet on the heater in hopes of collecting insurance money. The couple and their two children weren’t home when the fire started.

Picardi told an Armstrong County judge on Jan. 4 that he’s making arrangements to repay the money to Erie Insurance Co. and that he regrets setting the fire.

 

Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Email ThisPrintNewslettersTweetCategories: East NewsTopics: Erie Insurance, homeowners insurance, insurance fraudHave a hot lead? Email us at newsdesk

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Louisiana Pie Maker Sues Fire Suppression Company, Insurers

January 8, 2013Email ThisPrintNewslettersTweetArticleComments

New Orleans pie maker, Simon Hubig Co. Inc., whose Louisiana plant was destroyed in a blaze six months ago, has sued the Kenner company that created and maintained its fire suppression system.

The Times-Picayune reported the lawsuit, filed in New Orleans Civil District Court, alleges Fire & Safety Commodities’

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XL Group Appoints Northeast Manager for North America Property Team

January 3, 2013Email ThisPrintNewslettersTweetArticleComments

XL Group plc’s North America property business appointed Joseph Moylan as its Northeast regional manager. Based in New York, Moylan will serve property insurance clients throughout the Northeast. He reports to Michele Sansone, Eastern Zone executive in XL’s North America property team.

Moylan joins XL Group from Axis Capital, were he served as senior vice president and regional manager and most recently built a new middle market property underwriting unit in the Northeast. He brings more than 30 years of underwriting property and inland marine risks for Zurich Insurance Company, Home Insurance Company, AIG, and William H. McGee & Co., among others.

XL Group plc’s insurance companies offer property, casualty, professional and specialty insurance products globally. XL Group plc, through its subsidiaries, is a global insurance and reinsurance company providing property, casualty and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises throughout the world. Its principal offices are located in Dublin, Ireland.

 

Email ThisPrintNewslettersTweetCategories: East NewsTopics: Joseph Moylan, People, XL GroupHave a hot lead? Email us at newsdesk

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BMS Group Opens Sydney Office

January 4, 2013Email ThisPrintNewslettersTweetArticleComments

The UK’s BMS Group, an independent global broker, has announced the opening of its Sydney office, which it said

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