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25 09, 2015

Louisiana P/C Commission: Worker’s Comp Market ‘Remains Competitive’

By | September 25th, 2015|Recent Articles|Comments Off on Louisiana P/C Commission: Worker’s Comp Market ‘Remains Competitive’

In its annual report to the Legislature for 2014-2015, the Louisiana Property & Casualty Insurance Commission noted that the workers’ compensation market in the state “remains competitive.” There were 246 insurance companies providing workers’ compensation insurance in Louisiana in 2014, …

28 09, 2015

Sommerrock Joins Geneva Ass’n. as Deputy Secretary Gen’l. – Insight Head

By | September 28th, 2015|Recent Articles|Comments Off on Sommerrock Joins Geneva Ass’n. as Deputy Secretary Gen’l. – Insight Head

The Geneva Association announced the appointment of Dr. Fabian Sommerrock as Deputy Secretary General and Head of Insight. He joins the Association from Roland Berger Strategy Consultants where he was a principal at the Roland Berger Financial Services Competence Center …

25 09, 2015

Farmers Insurance Opens Its 1st Territory Office in Connecticut

By | September 25th, 2015|Recent Articles|Comments Off on Farmers Insurance Opens Its 1st Territory Office in Connecticut

Farmers Insurance, which began providing insurance and financial services to Connecticut consumers on Jan. 1, 2015, announced the opening of the company’s first territory office in the state. The new office, located in Danbury, Connecticut, opened its doors with a …

25 09, 2015

CoreLogic Adds Probabilistic Flood Model to Risk Management Program

By | September 25th, 2015|Recent Articles|Comments Off on CoreLogic Adds Probabilistic Flood Model to Risk Management Program

CoreLogic, a residential property information, analytics and data-enabled services provider, has released an expanded version of its natural catastrophe risk management program, which features a probabilistic flood model to analyze the potential damage and financial impact at the property-level from …

28 09, 2015

Oregon Homes Demolished Without Proper Asbestos Removal

By | September 28th, 2015|Recent Articles|Comments Off on Oregon Homes Demolished Without Proper Asbestos Removal

Contractors have been tearing down hundreds of Portland homes without properly removing the asbestos inside, a practice that ignores state regulations and could put workers at risk. An investigation by The Oregonian found that weak regulatory oversight from the Department …

28 09, 2015

Governments Make Pledges on Climate to Curb Temperature Rise – Study

By | September 28th, 2015|Recent Articles|Comments Off on Governments Make Pledges on Climate to Curb Temperature Rise – Study

National promises to curb greenhouse gas emissions will help avert the worst levels of global warming by 2100, but more action is needed to keep temperature rises within the 2 degrees Celsius [3.6°F] limit set by governments, a study showed …

24 09, 2015

Music Publisher Loses Bid Over Copyright for ‘Happy Birthday’ Song

By | September 24th, 2015|Recent Articles|Comments Off on Music Publisher Loses Bid Over Copyright for ‘Happy Birthday’ Song

A U.S. judge on Tuesday ruled that Warner/Chappell Music does not own a valid copyright to one of the world’s most recognizable songs, “Happy Birthday to You,” a decision that brings the song into the public domain. The highly-anticipated ruling …

25 09, 2015

Munich Re, Marsh Introduce Pharma Coverage for Regulatory Actions

By | September 25th, 2015|Recent Articles|Comments Off on Munich Re, Marsh Introduce Pharma Coverage for Regulatory Actions

Munich Re and Marsh & McLennan Cos., the largest insurance broker by market value, introduced a product to insure U.S. pharmaceutical companies against regulatory actions that could cause them to suspend manufacturing. The product would cover as much as $10 …

27 09, 2015

Cyberattack Cost Illinois City $760K so Far

By | September 27th, 2015|Recent Articles|Comments Off on Cyberattack Cost Illinois City $760K so Far

Naperville, Ill., city officials have spent about $760,000 on rebuilding its online network three years after a cyberattack wreaked havoc. City officials tell the Chicago Tribune insurance covered about 25 percent of the cost. Officials say there’s no evidence of stolen …

28 09, 2015

Takata Air Bag Recall Could Be Expanded to Other Car Makers

By | September 28th, 2015|Recent Articles|Comments Off on Takata Air Bag Recall Could Be Expanded to Other Car Makers

The U.S. regulator overseeing the replacement of Takata Corp. air bags is considering an order that would expand the recalls and has contacted seven manufacturers who could be affected, including Volkswagen AG and Tesla Motors Inc. Takata identified the seven …