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15
10, 2015
Small Quake Shakes Big Bear Area in Southern California
A small earthquake has shaken the Big Bear Lake area of the San Bernardino Mountains east of Los Angeles. The U.S. Geological Survey says the 6:55 a.m. Wednesday tremor had a magnitude of 3.6. It was centered 3 miles south …
16
10, 2015
Summer Flood Repairs in Florida’s Pasco County Total More Than $100M
Pasco County, Florida officials have learned that flooding this past summer could end up costing the county more than $107 million in repairs. The Tampa Bay Times reports that the county’s Public Works Manager DiAnna Rawleigh told county commissioners Tuesday …
16
10, 2015
Dewey Judge Declines Call to Order Mistrial as Jury Deliberations Continue
The attorney representing Joel Sanders, the former chief financial officer of bankrupt law firm Dewey & LeBoeuf, renewed his call for a mistrial on Thursday, saying he was worried the jury was feeling pressure to convict after 20 days of …
15
10, 2015
UK’s Aviva Seeks Smaller Acquisitions in Other Countries After Friends Life
Aviva Plc’s Chief Executive Officer Mark Wilson said the British insurer is looking for smaller acquisitions outside its home market as it continues to integrate Friend’s Life Group Ltd., the country’s largest insurance transaction in at least 15 years. “We’ll …
15
10, 2015
Suit Against Wyoming Wilderness School in Hiker’s Death Dismissed
A federal judge has dismissed a lawsuit against a Wyoming-based wilderness training academy over the death of a hiker on a 2011 trip to India. U.S. District Judge Alan B. Johnson last week dismissed the suit filed by Elizabeth Brenner …
15
10, 2015
Reith to Join Marketform Managing Agency as Chief Executive Officer
American Financial Group Inc.* announced that Martin Reith has been appointed chief executive officer of Marketform Managing Agency, which operates Syndicate 2468 at Lloyd’s of London, effective November 2015. Reith has over 25 years’ experience across underwriting, management and leadership. …
16
10, 2015
Appeals Court Rules Google Book Copying Is Legal ‘Fair Use’
Google Inc. can go ahead and create a digital library of millions of books without paying authors, a U.S. appeals court said, ruling the company’s plan is a “fair use” under copyright law. The company has called its Google Books …
15
10, 2015
Comparing Mutual to Stock Insurers Is Like Comparing Marathoners to Sprinters
A.M. Best’s recently released 2015 “Mutuals at a Glance” report is an interesting report on differences between mutual and stock companies in key areas of performance. In its pages is a depiction of a mutual insurance industry that is strong, …
15
10, 2015
UK’s ‘Duty of Responsibility’ Rules to Extend to Insurance Executives
Executives at UK insurers, mortgage brokers and payday-loan companies will be covered by the same “duty of responsibility” as those in banks under legislation introduced in Parliament Thursday. The Bank of England and Financial Services Bill, which will be introduced to …
15
10, 2015
Insurance Australia Scraps Plans for Further China Investment
Insurance Australia Group Ltd. scrapped plans for further investment in China and will instead seek growth in other Asian markets, in a sign that Australia’s hopes of boosting services exports to the world’s second-largest economy may be difficult to achieve. The …