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19 10, 2015

Oregon Insurance Co-Op Health Republic Closing

By | October 19th, 2015|Recent Articles|Comments Off on Oregon Insurance Co-Op Health Republic Closing

Health Republic Insurance, one of two nonprofit insurers created in Oregon under President Barack Obama’s health care law, announced that it is shutting down. Health Republic will continue to pay claims through the rest of the year but won’t sell …

20 10, 2015

South Carolina Issues Emergency Orders to 63 Dam Owners

By | October 20th, 2015|Recent Articles|Comments Off on South Carolina Issues Emergency Orders to 63 Dam Owners

South Carolina environmental regulators have issued emergency orders to the owners of 63 dams, of which almost half are in Richland County. Officials with the Department of Health and Environmental Control say they assessed 390 dams, issuing emergency orders to …

19 10, 2015

Some Texans Returning to Homes in Fire-Ravaged Area

By | October 19th, 2015|Recent Articles|Comments Off on Some Texans Returning to Homes in Fire-Ravaged Area

Firefighters in Central Texas are halfway to controlling a wildfire that’s destroyed dozens of homes, and authorities said on Oct. 17 that enough progress has been made to allow some residents to return to their neighborhoods. The Hidden Pines Fire has …

19 10, 2015

J&J Win in First Trial Against Tylenol Skirts Defective Design Claim

By | October 19th, 2015|Recent Articles|Comments Off on J&J Win in First Trial Against Tylenol Skirts Defective Design Claim

Johnson & Johnson defeated a lawsuit claiming it had improperly designed its Tylenol pain reliever in the first case to go to trial over the link between the widely used over-the-counter drug and liver damage, according to a J&J spokesman. …

19 10, 2015

UN Climate Negotiators in Final Effort before Paris to Achieve ‘Post-Carbon’ Era

By | October 19th, 2015|Recent Articles|Comments Off on UN Climate Negotiators in Final Effort before Paris to Achieve ‘Post-Carbon’ Era

Climate negotiators are meeting today in Bonn to take a last crack at a draft plan aimed at nudging the world into a post-carbon era. The five-day gathering marks the final round of United Nations talks before envoys, ministers and …

19 10, 2015

California Woman Blinded in Eye by Flying Disc Settles Suit for $3M

By | October 19th, 2015|Recent Articles|Comments Off on California Woman Blinded in Eye by Flying Disc Settles Suit for $3M

A woman who was blinded in one eye by a flying golf disc at a Southern California park has settled a lawsuit for $3 million. The Daily Breeze of Torrance reported that the settlement involves Noreen Goodbody. She was struck …

19 10, 2015

XL’s Preliminary Loss Estimates for Tianjin-$100M, $30M for Others in Q3

By | October 19th, 2015|Recent Articles|Comments Off on XL’s Preliminary Loss Estimates for Tianjin-$100M, $30M for Others in Q3

XL Group plc announced that its preliminary loss estimates for the Tianjin disaster and other events in the third quarter of 2015 – pretax and net of reinsurance and reinstatement premium – were as follows: The mid-August 2015 Tianjin, China …

19 10, 2015

Reinsurers See Further Price Declines for 2016 in Wake of Mergers

By | October 19th, 2015|Recent Articles|Comments Off on Reinsurers See Further Price Declines for 2016 in Wake of Mergers

The world’s largest reinsurers are anticipating even bigger price declines when policies are renewed in 2016 than envisaged a month ago as a flurry of takeovers in the industry fails to absorb some of the excess capital. Reinsurers and brokers …

19 10, 2015

Obama Administration Considers Drone Registry

By | October 19th, 2015|Recent Articles|Comments Off on Obama Administration Considers Drone Registry

The Obama administration is taking the first steps to require that buyers of drones register the unmanned aircraft with the government to combat a growing safety threat, according to a person familiar with the proposal. The U.S. Transportation Department will …

19 10, 2015

Norway’s Failure to Provide Solvency Guidance Unnerves Investors: Storebrand

By | October 19th, 2015|Recent Articles|Comments Off on Norway’s Failure to Provide Solvency Guidance Unnerves Investors: Storebrand

Norway is unnerving investors by failing to give clear signals on the implementation of the next step in insurance industry regulations, according to Storebrand ASA, Norway’s largest listed life insurer said. Authorities have surprised the market several times, making investors …