Mon, 30 Mar 2015 01:03:14 +0000
After the Big Dig-out, it’s time for the Big Payout. Or will it be the Big Denial? New England’s epic winter is on pace to produce a corresponding number of claims as thousands of homeowners seek to repair damage. Successive … The article Boston Area E...
Mon, 30 Mar 2015 00:31:58 +0000
A former JetBlue Airways Corp. pilot whose midair meltdown forced an emergency landing of a 2012 flight on Friday sued the carrier for $14.9 million, saying it should have grounded him because it knew he was incapable of flying. Clayton … The article E...
Mon, 30 Mar 2015 00:17:55 +0000
The U.S. Federal Reserve is considering a proposal from life insurers that could delay the implementation of a costly nationwide capital framework for the $1 trillion industry, according to records of a recent meeting between the two sides seen by … Th...
Sun, 29 Mar 2015 23:47:57 +0000
The head of a U.S. industrial oversight agency who was dogged by congressional criticism has resigned at President Barack Obama’s request, the White House said. U.S. Chemical Safety Board Chairman Rafael Moure-Eraso stepped down on Thursday, a week a...
Sun, 29 Mar 2015 03:15:44 +0000
Someone may have improperly tapped a gas line before an explosion that leveled three apartment buildings and injured nearly two dozen people, New York City Mayor Bill de Blasio said on Friday, March 27, as firefighters soaked the still-smoldering build...
Sat, 28 Mar 2015 23:14:50 +0000
Massachusetts Gov. Charlie Baker formally asked the federal government on Friday, March 27, to declare a disaster in 10 Massachusetts counties after a relentless series of winter storms brought record snowfall and frigid temperatures, causing 25 deaths...
Sat, 28 Mar 2015 23:04:14 +0000
The cost of workers’ compensation insurance is declining for the fourth consecutive year in Pennsylvania. The state departments of Insurance and Labor & Industry said on Friday, March 27, that overall rates will decline by 5.99 percent while benefits f...
Fri, 27 Mar 2015 23:36:22 +0000
Massachusetts Attorney General Maura Healey’s office sent a letter to the state’s Division of Insurance (DOI) this week, urging regulators to reject the proposed fee hike in the Massachusetts Automobile Insurance Plan (MAIP), the state’s private pass...
Fri, 27 Mar 2015 22:57:07 +0000
The New Hampshire Supreme Court ruled last week that a worker who fell asleep while driving a company truck and hit a utility pole in the course of his employment is entitled to workers’ compensation benefits for the severe injuries … The article N.H. ...
Fri, 27 Mar 2015 17:00:11 +0000
Transportation network companies such as Uber and Lyft represent a promising technology that can serve consumers well in the future, but Florida legislators should clarify the insurance requirements for these services in state law in order to adequatel...
Fri, 27 Mar 2015 16:48:04 +0000
ProSight Specialty Insurance and Affinity Agency Group, LLC have partnered to create ClubComplete, a specialized one-stop insurance product for golf, country and leisure club owners and managers. ProSight’s ClubComplete is designed for private golf a...
Fri, 27 Mar 2015 16:38:36 +0000
New Hampshire state senators have pushed off a deal to reform New Hampshire’s workers’ compensation insurance laws. The chamber voted Thursday to send a tentative deal, which would’ve given providers three years to bring down costs on their own without...
Fri, 27 Mar 2015 16:36:22 +0000
A Los Angeles jury has awarded $28.2 million to a woman who said treatment delays by Kaiser Permanente doctors cost her a leg. City News Service says jurors found that Southern California Permanente Medical Group was negligent. Twenty-three-year-old An...
Fri, 27 Mar 2015 16:34:19 +0000
Saying a big earthquake is inevitable, Los Angeles Mayor Eric Garcetti is supporting a state measure that would offer incentives for people to make their buildings safer during a temblor. City News Service says Garcetti has backed a measure that … The ...
Fri, 27 Mar 2015 16:32:45 +0000
The annual auto insurance fee that Michigan drivers pay toward caring for people catastrophically injured in crashes is dropping from $186 to $150. The Michigan Catastrophic Claims Association announced March 25 that the new per-car assessment for the ...
Fri, 27 Mar 2015 16:31:20 +0000
For the third consecutive year, most insurers providing professional liability insurance for architects and engineers saw their premium rates increase modestly in 2014, as expectations of larger rate hikes were tempered by steady competition. A new sur...
Fri, 27 Mar 2015 16:30:56 +0000
A consultant says it’s not feasible to move to a self-insurance model for Wisconsin state employees next year. The Wisconsin State Journal reports that the consultant’s report found moving from a competitive HMO model to self-insurance could save the s...
Fri, 27 Mar 2015 16:30:15 +0000
To discourage distracted driving in conjunction with National Distracted Driving Awareness Month in April, Erie Insurance, based in Erie, Pennsylvania, recently asked drivers what they do behind the wheel. The online survey of 1,915 U.S. drivers aged 1...
Fri, 27 Mar 2015 16:29:27 +0000
A Texas Advisory Council on Arson (ATAC) has honored two Texas fire investigators for their years of service and accomplishments. The two honored were Azle Fire Marshal Kenneth Wilson and Lt. Lorenzo Chavez, a fire investigator with the Irving Fire De...
Fri, 27 Mar 2015 16:27:48 +0000
One man was reported killed and three injured on March 26 after a tractor trailer truck hit the FM 2484 overpass bridge on Interstate 35 in Central Texas, causing beams to fall on the traffic below. The bridge near the town of Salado, … The article ...
Fri, 27 Mar 2015 16:19:17 +0000
Reinsurance broker JLT Re has appointed Ed Hochberg as CEO of JLT Re in North America. Hochberg is currently global head of Analytics, Banking and Advisory at JLT Re, having joined as part of the 2013 Towers Watson Re acquisition. … The article Hochber...
Fri, 27 Mar 2015 16:08:37 +0000
Insurance software provider Vertafore announced three new partnerships to expand its end-to-end technology offerings for the cloud, data, and mobile spaces at its user conference, NetVU15, now taking place in Indianapolis through Saturday. The company ...
Fri, 27 Mar 2015 15:53:41 +0000
ACA Financial Guaranty Corp. urged New York’s top court to reinstate a suit accusing Goldman Sachs Group Inc. of conspiring to force it to insure an investment that led to a $550 million settlement with regulators. Goldman failed to disclose … The ar...
Fri, 27 Mar 2015 15:21:58 +0000
Kentucky lawmakers have given final passage to a bill aimed at curtailing drunken driving through use of ignition interlock devices that test the sobriety of drivers. A final version cleared the House and Senate this week as lawmakers neared the … The ...
Fri, 27 Mar 2015 14:25:18 +0000
The U.S. Supreme Court Tuesday issued a decision that will affect the landscape for securities class actions. In the unanimous ruling, which focused on opinions expressed in documents filed with the U.S. Securities and Exchange Commission, the high cou...
Fri, 27 Mar 2015 14:11:21 +0000
Deutsche Lufthansa AG may face unlimited liability for payments to families of victims of the Germanwings jet crashed by its suicidal co-pilot, according to lawyers. “The liability for the victims would be uncapped,” said George Leloudas, a lecture...
Fri, 27 Mar 2015 12:26:38 +0000
Humana Inc. has agreed to sell the stock of its subsidiary Concentra Inc., one of the largest occupational health services providers. The buyer will be MJ Acquisition Corp., a joint venture between Select Medical Holdings Corp., an operator of specialt...
Fri, 27 Mar 2015 11:41:11 +0000
Flooding caused by abnormally heavy rains cut roads, knocked out electricity and threatened several communities in the usually bone-dry Atacama Desert region early Thursday. Local media quoted police as saying two people had been killed in the coastal ...
Fri, 27 Mar 2015 10:58:29 +0000
Guernsey-based Heritage Insurance announced that it has been accorded Lloyd’s registered broker status. “This allows Heritage Insurance Solutions, the FCA-regulated arm of the Guernsey-headquartered Heritage Group, to place business directly with L...
Fri, 27 Mar 2015 10:46:32 +0000
Catlin Group Limited announced that it has joined forces with the Natural History Museum in London to present a major exhibition, which opens today, exploring the importance and beauty of the world’s coral reefs. “The exhibition, ‘Coral Reefs: Se...