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11, 2015
Volkswagen Offers Diesel Owners $1,000 ‘Goodwill’ Payment
Volkswagen AG, reeling from an expanding scandal involving diesel cars it has admitted it rigged to pass U.S. pollution tests, announced Monday that owners of the vehicles will receive $1,000 in what the company calls a “goodwill” gesture. VW is …
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11, 2015
Allianz Launches Transportation Unit in North America
Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) is launching a dedicated transportation and logistics unit in North America to be led by Helen Leonard, Inland Marine Global Product leader. The new division will offer rail, motor …
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11, 2015
Montana Jury Awards $2M in Mistaken House Title Suit
A Yellowstone County, Mont. jury has awarded just over $2 million in damages to a Texas man after a loan servicing company negligently included the legal description of his Billings property in the foreclosure paperwork for a Butte property. District …
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11, 2015
M6.2 Quake hits off Alaska’s Sparsely Populated Aleutians
A magnitude-6.2 earthquake has struck off Alaska’s sparsely populated Aleutian Islands. The U.S. Geological Survey says the temblor hit just after 7 a.m. Alaska time on Monday and was centered 58 miles southeast of Atka. Agency geophysicist Don Blakeman says …
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11, 2015
After ‘Deep Cleaning,’ Chipotle Restaurants to Reopen in Seattle, Portland
Chipotle Mexican Grill Inc. is preparing to reopen 43 restaurants in the Pacific Northwest that have been closed for more than a week after an E. coli outbreak sickened dozens of customers. No cause of the outbreak has been found …
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11, 2015
Brit Hires Pozzebon to Lead U.S. Property Facultative Team in Chicago
Global specialty insurer and reinsurer Brit Ltd (Brit) has appointed Nick Pozzebon to lead its existing Chicago-based U.S. property facultative team for Brit Global Specialty USA, reporting to Noreen Metcalfe. Pozzebon brings more than eight years of sector expertise and …
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11, 2015
U.S. Health Care Cost Increases at Lowest Rate in Nearly 20 years: Aon
After plan design changes and vendor negotiations, the average health care rate increase for mid-size and large companies was 3.2 percent in 2015, marking the lowest rate increase since 1996, according to a new analysis by Aon. Aon projects average …
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11, 2015
NCCI Requests Review of Disapproved Florida Rate Filing
The National Council on Compensation Insurance (NCCI) has submitted a request to the Florida Office of Insurance Regulation (OIR) to consider supplemental information in regards to its recent workers compensation rate filing that Florida Insurance Commissioner Kevin McCarty said would …
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11, 2015
Fatal Dallas Construction Site Fall Leads to $400K Fine for Contractors
A fall from a third-story balcony in Dallas killed 44-year-old Jorge Carrion Torres as he worked on the exterior of an apartment complex on May 14, 2015. As a result the federal Labor’s Occupational Safety and Health Administration has proposed …
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11, 2015
Steel Manufacturer Fined Nearly $400K for Safety Hazards at Ohio
A crane’s safety latch failed and 1,000 pounds of equipment fell on a man below and injured him as he worked at a TimkenSteel Corp. Ohio factory, according to federal safety officials. For the second time in a year, the …