Mon, 22 Dec 2014 17:32:50 +0000
Chicago-based CNA Financial Corp. announced the retirement of Robert Lindemann, president and chief operating officer of CNA Commercial — a $3.5 billion commercial property and casualty business — effective Dec. 31, 2014. With an insurance car...
Mon, 22 Dec 2014 17:27:00 +0000
An explosion and fire at a southeastern Oklahoma oil rig early on Dec. 19 killed two workers and injured three others, two of them critically. The explosion occurred around 1 a.m. on the deck of a rig about 2 miles west … The article 2 killed, 3 Hurt ...
Mon, 22 Dec 2014 17:26:05 +0000
A divided Ohio Supreme Court again upheld use of traffic camera enforcement by the state’s municipalities, reversing a lower court after a year of legal setbacks for camera advocates. The Supreme Court justices ruled 4-3 to stick to their 2008 … The ar...
Mon, 22 Dec 2014 17:24:35 +0000
The North Little Rock School Board wants the Pulaski County assessor’s office to seek help from its insurance company after problems with tax bills diverted $1 million to Pulaski County schools The Arkansas Democrat-Gazette reported that officials like...
Mon, 22 Dec 2014 17:23:45 +0000
A woman who had part of her lower lip bitten off by a dog she was watching for friends has no right to seek payment of medical expenses from the owners’ home insurance company, the Nebraska Supreme Court ruled Friday. … The article Nebraska Court: No I...
Mon, 22 Dec 2014 17:22:48 +0000
The fire at an oil field supply company in northwest North Dakota in July has cost the owner $12.7 million. The Williston Herald reports insurance didn’t cover the incident at Williston’s Red River Supply facility, which stored dozens of chemicals … Th...
Mon, 22 Dec 2014 17:00:39 +0000
The Fire Department of the City of New York is on pace to have its busiest year on record, according to city officials. New York City Mayor Bill de Blasio and FDNY Commissioner Daniel Nigro said last week that the … The article NYC Fire Department on P...
Mon, 22 Dec 2014 16:47:23 +0000
Eastern Insurance Group in Natick, Massachusetts, has hired Janice Belmonte as vice president and account executive for Eastern Benefits Group, the firm’s employee benefits division. Belmonte will work out of Eastern Benefits Group’s Norwell, Massachus...
Mon, 22 Dec 2014 16:40:55 +0000
The Oregon Supreme Court has ruled a ski resort’s broad liability waiver cannot prevent a paralyzed snowboarder from suing. The justices ruled that the liability waiver was “unconscionable” and contrary to public policy, potentially opening the door ...
Mon, 22 Dec 2014 16:36:21 +0000
The city of Scottsdale, Ariz. is installing digital speed limit signs that will be able to change limits as needed. KSAZ-TV reported that Scottsdale officials plan to implement four adjustable signs later this month. City Transportation Director Paul ...
Mon, 22 Dec 2014 16:34:25 +0000
As many as 200 former employees of Vann’s Inc. will split $7.3 million under a settlement agreement in a lawsuit against former corporate officers. The Missoulian reported that the notice of settlement of the employees’ lawsuit was filed in federal … T...
Mon, 22 Dec 2014 16:31:19 +0000
A former California Highway Patrol officer has been convicted in a case involving workers’ compensation insurance fraud. A Sacramento County jury on Thursday convicted Tony Yao on felony charges of failure to disclose a prior motor vehicle accident and...
Mon, 22 Dec 2014 16:29:10 +0000
A former accountant for the Nampa School District in Idaho is being paid $160,000 in a settlement of a whistleblower lawsuit she filed nearly three years ago. The Idaho Press-Tribune reported that Danielle Sisayaket claimed she was fired because she s...
Mon, 22 Dec 2014 16:27:11 +0000
California’s Department of Motor Vehicles will miss a year-end deadline to adopt new rules for cars of the future because regulators first have to figure out how they’ll know whether “driverless” vehicles are safe. It’s a rare case of the … The artic...
Mon, 22 Dec 2014 13:12:39 +0000
Bob Simpson, a meteorologist who co-developed the Saffir-Simpson Hurricane Wind Scale which estimates potential property damage, has died. Peg Simpson, his daughter, said Bob Simpson died early Friday at his home in Washington. He was 102. Bob Simpson ...
Mon, 22 Dec 2014 13:00:05 +0000
The government wants BP Plc to pay $16 billion to $18 billion in water-pollution fines for the worst offshore oil spill in U.S. history while seeking more than $1 billion from the co-owner of the blown-out well that caused the … The article U.S. Seeks ...
Mon, 22 Dec 2014 10:48:06 +0000
In April 2012, Indonesia’s Banda Aceh, the city worst hit by the tsunami that killed at least 226,000 people on Boxing Day ten years ago, received a terrifying reminder of how unprepared it was for the next disaster. As an … The article 10 years after ...
Mon, 22 Dec 2014 08:26:39 +0000
Insurers in the Middle East have strong levels of risk-adjusted capital, although they continue to rely heavily on reinsurance protection and carry elevated levels of investment risk. A new report from A.M. Best states that insurance markets in the M...
Mon, 22 Dec 2014 08:16:08 +0000
Insurers and reinsurers in western Europe posted solid performances in 2014 and retained their capital strength against a backdrop of economic calm, according to a new special report from A.M. Best. The report analyzes the agency’s ratings actions t...
Mon, 22 Dec 2014 07:59:06 +0000
Aspen Reinsurance, the reinsurance segment of Aspen Insurance Holdings Limited, announced that its Aspen Capital Markets division has renewed Silverton Re for 2015. Silverton Re is a Bermuda-domiciled special purpose insurer which was established in De...
Mon, 22 Dec 2014 07:20:54 +0000
Even as the Sony Corp. cyber attack laid bare the kinds of vulnerabilities that typically drive companies to buy insurance policies, the lack of a risk model for insurers means such protection is not always easy to get. Unlike earthquakes, … The articl...
Mon, 22 Dec 2014 01:17:56 +0000
A Monroe County, West Virginia jury has ordered a woman to pay $325,000 in damages in an elder abuse case. The circuit court jury found Betty B. Brown liable for fraud, conversion, unjust enrichment and breach of fiduciary duties. Jurors … The article ...
Mon, 22 Dec 2014 01:04:56 +0000
North Carolina insurance companies that wanted to raise the cost of homeowners coverage by an average of roughly 25 percent were told Friday the state’s regulator is instead approving a zero overall change. Insurance Commissioner Wayne Goodwin said tha...
Mon, 22 Dec 2014 00:38:09 +0000
Back-channel talks between Sony Pictures Entertainment and the White House to coordinate a response to a debilitating cyber-attack didn’t prevent a public disagreement over the studio’s decision to pull its film, “The Interview.” President Bara...
Mon, 22 Dec 2014 00:17:51 +0000
McDonald’s Corp. wields enough control over its franchisees that it should be jointly responsible for the working conditions of their employees, according to charges by the U.S. labor board critics say threatens to upend the fast- food industry. The ...
Sun, 21 Dec 2014 23:53:12 +0000
U.S. automobile recalls surpassed the 60 million mark for the first time in a single year, largely because of the rush to prevent more deaths from defective General Motors Co. ignition switches and Takata Corp. air bags. The tally of … The article U.S....
Fri, 19 Dec 2014 19:03:04 +0000
Boston Children’s Hospital (BCH) has agreed to pay $40,000 and take steps to prevent future security violations following allegations related to a data breach that affected patient information, Massachusetts Attorney General Martha Coakley announced ...
Fri, 19 Dec 2014 18:34:09 +0000
The Pennsylvania Compensation Rating Bureau (PCRB) has submitted a filing of Pennsylvania loss costs and related rating values with a proposed effective date of April 1, 2015. PCRB said in its Circular No. 1636 on Dec. 15 that its filing, … The article...
Fri, 19 Dec 2014 17:57:33 +0000
LeapFrog Investments, Lombard Investments, and Syn Mun Kong Insurance Public Company Limited (SMK) [SMK:Bangkok] announced today that LeapFrog and Lombard will each acquire approximately 11 percent of SMK, from Royal & Sun Alliance Insurance Plc (RSA)....
Fri, 19 Dec 2014 17:54:00 +0000
Texas troopers will increase patrols over the more than two-week holiday period with officers on the lookout for drunken drivers. The Texas Department of Public Safety says expanded patrols begin Dec. 19 and run through Jan. 2. The period includes … Th...