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11, 2015
Delaware Marks Licensing of 1,000th Captive Insurer
Delaware Gov. Jack Markell presented Insurance Commissioner Karen Weldin Stewart with a proclamation Monday recognizing the Department of Insurance’s (DOI) licensing of its 1,000 captive insurance company, AWI Inc. of Voorhees, New Jersey. Delaware is currently the sixth-largest captive domicile …
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11, 2015
Indiana-Based Zimmer Wins First NexGen Flex Knee Devices Case
Indiana-based medical device manufacturer Zimmer Biomet Holdings Inc. has been cleared of liability in the first of more than 900 U.S. lawsuits to go to trial over claims that its NexGen Flex knee replacements were prone to painful, motion-impairing loosening. …
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11, 2015
V3 Insurance Launches Management Liability Package
V3 Insurance Partners LLC has launched a new management liability package program, Vantage Point, for private companies and not-for-profit organizations. Vantage Point is a flexible insurance package created specifically for small- to mid-sized companies that offers comprehensive insurance coverages tailored …
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11, 2015
Franklin, Indiana, Faces Big Change in Flood Plain Maps
Hundreds of homes and businesses in a central Indiana city hit hard by flash flooding seven years ago could face hefty jumps in their insurance costs if updated federal flood plain maps are approved. About 70 percent of Franklin’s industrial …
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11, 2015
New Storm Forecast Center Pairs UConn, Electric Utility Company
Two days before Superstorm Sandy struck Connecticut in 2012, UConn scientists fed measurements from the storm and historical data from others into a computer model they developed and forecast where the most damage and power outages would occur. Their forecast …
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11, 2015
NBA Star Duncan Files Another Suit Against Ex-Financial Adviser
San Antonio Spurs star Tim Duncan has filed another lawsuit against a former financial adviser who Duncan contends has cost him millions of dollars in lost investments. The lawsuit filed last week claims Charles Banks of Atlanta urged Duncan to …
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11, 2015
Rosson of Woodruff-Sawyer in California amed Assurex Global Chair
Charlie Rosson, CEO of San Francisco, Calif.-based Woodruff-Sawyer & Co., has been named as chairman of Assurex Global. Assurex Global is a partnership of independent agents and brokers. Assurex has more than 600 Partner offices across six continents. Rosson leads …
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11, 2015
Aspen Launches Singapore Operation via Lloyd’s Platform; 2 Senior Execs Hired
Aspen Insurance Holdings Limited announced the entry of its insurance segment, Aspen Insurance, into Singapore through Aspen’s Lloyd’s syndicate on the Lloyd’s Asia platform, effective Jan. 1, 2016. The launch, which is subject to regulatory approval, is consistent with Aspen’s …
10
11, 2015
Xchanging Wins 3-Year Services Deal Supporting Lloyd’s Asia Platform
Xchanging plc, the London-based business technology and services provider, has won a three-year contract to supply insurance services to the Lloyd’s service companies operating from the Lloyd’s Asia platform in Singapore, with effect from Jan. 1, 2016. The new cloud-based services …
10
11, 2015
Supreme Court in Bind Over Insurer’s Right to Insured’s Damages Money
Which do the conservative justices hate more: personal-injury lawyers or interpreting a law loosely to expand the power of lower courts? That question was to be on the table Monday at the U.S. Supreme Court. The justices are hearing oral …