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10, 2015
Washington Sues Contactor Building $3.1B Seattle Tunnel
Washington is suing the contractor building the $3.1 billion tunnel replacement project for Seattle’s Alaskan Way Viaduct. In a statement late Friday afternoon, the Department of Transportation says it filed the lawsuit against Seattle Tunnel Partners in King County Superior …
12
10, 2015
A.M. Best Trend: Negative Insurer Ratings Outnumber Positive in 2015 First Half
The U.S. property/casualty (P/C) industry’s rating activity over the first half of 2015 turned negative as downgrades and negative outlooks outpaced upgrades and positive outlooks, according to A.M. Best. This activity reversed a two-year positive trend, the ratings agency said. …
12
10, 2015
Los Angeles City Council Votes for Quake Retrofit on Older Buildings
Thousands of older wood and concrete apartment buildings that would be vulnerable to collapse in a major earthquake would get costly upgrades under sweeping retrofitting rules passed Friday by the Los Angeles City Council. The mandate would affect as many …
12
10, 2015
HealthCare.gov Enhances Customer Privacy Features As 2016 Enrollment Nears
Responding to criticism from civil liberties advocates, the Obama administration said last week that it has strengthened consumer privacy protections on the government’s health insurance website as a new sign-up season nears. HealthCare.gov CEO Kevin Counihan said in a blog …
12
10, 2015
Oregon Court Won’t Exclude Oracle Executives from Suit
The Oregon Supreme Court has denied a request by Oracle Corp. to have five of its executives excluded from a lawsuit filed by the state over the failure of the Cover Oregon health insurance exchange. The court issued the ruling …
12
10, 2015
Drugs Prices Much Higher in U.S. Than in Other Countries: Reuters Research
U.S. prices for the world’s 20 top-selling medicines are, on average, three times higher than in Britain, according to an analysis carried out for Reuters. The finding underscores a transatlantic gulf between the price of treatments for a range of …
12
10, 2015
Losses to South Carolina Crops Rising as State Suffers More Rain
Thad Wimberly tugs on a clump of peanuts, shaking off the mud as he cracks the soggy shells to inspect his crop. But all he can do is sigh as his livelihood disintegrates between his fingers. Just a week …
12
10, 2015
Florida Approves the Removal of Up To 142,500 Policies from Citizens
The Florida Office of Insurance Regulation has approved the removal of up to 140,000 personal residential policies and 2,500 commercial residential polices from Citizens Property Insurance Corp. by the following four companies: Anchor Property & Casualty Insurance Co. – approved …
12
10, 2015
Markel International Appoints Loader as Senior Underwriter, Marine Trades
Markel International, the London-based specialist insurer, has appointed Steve Loader as senior underwriter, marine trades, in its marine and energy division. Loader joins Markel from RSA Plc where he had been a senior transportation underwriter since 2009 and was responsible …
12
10, 2015
North Carolina Department of Insurance Opens Charlotte Regional Office
North Carolina Insurance Commissioner and State Fire Marshal Wayne Goodwin and fire service representatives opened the N.C. Department of Insurance Charlotte Regional Office Oct. 8. The office will provide Department of Insurance and Office of State Fire Marshal services to …