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10, 2015
Delaware Judge Slashes $100M Boston Scientific Mesh Verdict to $10M
A Delaware judge on Oct. 9 said Boston Scientific should only have to pay $10 million to a woman originally awarded $100 million by a jury who found she was injured by transvaginal mesh, a device that is the subject …
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10, 2015
South Carolina Insurance Head Issues Emergency Orders for Storm Recovery
The South Carolina Department of Insurance (SCDOI) has issued two bulletins in an effort to aid with storm recovery efforts in the state. South Carolina Insurance Director Raymond Farmer issued an emergency regulation on Oct. 9 in response to the …
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10, 2015
ANV Appoints Helson as CEO for Lloyd’s Business
Global specialty insurance group ANV Holdings BV announced the appointment of Janet Helson as CEO of the group’s Lloyd’s Managing Agency, ANV Syndicates Limited, subject to regulatory approval. Effective 19thOctober 19th, she will be responsible for the operation of ANV’s …
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10, 2015
N.Y. Gov. Cuomo: Denying Global Warming Isn’t a Survival Plan
New York Gov. Andrew Cuomo on Oct. 8 joined government leaders worldwide in signing an agreement to help combat global warming and keep the Earth’s average temperature from rising dangerously. The Under Two MOU, a memorandum of understanding signed by …
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10, 2015
Canopius Appoints Bailey as Global Head of Accident & Health
Canopius Group AG* announced the appointment of Scott Bailey as global head of Accident & Health, effective immediately. Bailey will lead the development of Canopius’s global A&H strategy as part of the group’s broader ambitions for profitable growth in specialty …
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10, 2015
CAMICO Launches Cyber Risk Program for CPA Firms
CAMICO, a nationwide CPA-directed program of insurance and risk management for the accounting profession, has announced CyberCPA to further protect CPA firms from losses caused by a variety of cyber risk exposures. CyberCPA provides first-party coverage for expenses incurred by …
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10, 2015
Miami Insurance Agent Arrested $167K Overbilling Scam
The Florida Department of Financial Services’ Division of Insurance Fraud (DIF) announced the arrest of Darley Caridad Carballeira, 50, for her involvement in a scam in which she allegedly overbilled Key International Inc. more than $167,000 during the sale of …
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10, 2015
New Insurance Policy Protects Homebuyers’ Down Payment
Homebuyers may soon be able to buy insurance to protect their down payments in the event they sell their home at a loss. Much like title insurance protects the lender, this product promises to reimburse homebuyers for their full down …
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10, 2015
Emerging Economies to Face Difficult Stress Test: Willis Political Risk Index
“Syria, Venezuela and Zimbabwe top a list of 40 politically risky territories and destinations for foreign investment,” according to a report from Willis Group Holdings. The findings appear in the latest edition of the Willis Political Risk Index, which is …
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10, 2015
Gunmakers’ Liability Shield Emerges as Issue in Democratic Presidential Race
Democratic presidential candidate Bernie Sanders on Sunday backed away from a controversial vote he cast in 2005 on legislation to grant immunity to gun manufacturers and dealers from liability if their firearms are used criminally. On NBC’s Meet The Press,one …