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16
10, 2015
Wal-Mart Sues Insurers for Alleged Breach of Contract in Morgan Settlement Case
Wal-Mart Stores Inc. recently filed a lawsuit against a number of its commercial excess liability insurers. The lawsuit alleges that the insurers are delaying to pay claims related to the giant retailer’s personal injury settlement paid to actor Tracy Morgan …
15
10, 2015
Vanderbilt Properties Insurance Brokerage Hires Correll as VP in New York
Vanderbilt Properties Insurance Brokerage, a New York City-based national program administrator and brokerage for the real estate industry, hired Kim Correll as vice president of New Business Development. In her new role, Correll will be responsible for the oversight of …
16
10, 2015
Worker’s Burns Lead to $122K in Penalties for Missouri Company
The U.S. Occupational Safety and Health Administration is proposing penalties of $122,000 for a glass company after a worker in southeast Missouri suffered third-degree burns on the job. OSHA announced the proposed penalties on Oct. 14 for Piramal Glass USA …
15
10, 2015
Univ. of Wisconsin Seeking $400M from Apple in Patent Dispute
The University of Wisconsin-Madison’s licensing arm is seeking $400 million from Apple Inc. for infringing the school’s patent on microprocessor technology. The Wisconsin Alumni Research Foundation is owed that much, its lawyer told the jury after it found Apple had …
16
10, 2015
N.Y. Announces $700K Funding for Task Force to Combat Worker Exploitation
New York Gov. Andrew Cuomo announced on Oct. 14 new measures to support a statewide task force to combat worker exploitation. The measures include a new $700,000 funding to coordinate outreach and education with workers and employers, as well as …
15
10, 2015
Central Texas Wildfire Grows to 375 Acres; Homes Threatened
A Central Texas wildfire has grown to about 375 acres as voluntary evacuations continue near Smithville with no reports of anyone hurt. The Texas A&M Forest Service says the blaze in Bastrop County was 50 percent contained on Oct. 14. …
16
10, 2015
Argo Pro Launches Coverage for Investment Advisers, Mutual Funds
Argo Pro, a member of Argo Group International Holdings, Ltd., an international underwriter of specialty insurance and reinsurance products, has expanded its line of professional and management liability insurance products with a new specialty insurance offering for investment advisers and …
16
10, 2015
AIG to Sell Central American Operations to ASSA
ASSA Compañía Tenedora, S.A. and ASSA Compañía de Seguros (ASSA) will acquire 100 percent of American International Group’s Central American operations in El Salvador, Guatemala, Honduras and Panama in a share purchase agreement, the companies announced. The transaction is subject to regulatory approvals in …
16
10, 2015
Unlike Uber, On-Demand Office Service Cleans Up with Employees
It’s scorching on the streets of Midtown Manhattan as Afonso Oliveira strides around the lunch-break crowds, unbent beneath his 45-pound, $350 industrial backpack. He is carrying everything that might be needed to tighten a leaking faucet at a digital marketing agency …
15
10, 2015
Lockton Names VanOpdorp as Chief Analytics Officer; Adds Moitoso as SVP Analytics
Missouri-based global insurance broker Lockton has named Justin VanOpdorp as its first chief analytics officer. As chief analytics officer, he will have global responsibility for business intelligence and analytics that help Lockton clients improve their businesses. VanOpdorp has led the …