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08, 2016
U.S. Regulator Vows Changes to Mine Cleanup Program
A leading U.S. coal regulator announced plans on Tuesday to toughen what it called “out-of-date” rules for guaranteeing mine cleanups. The Office of Surface Mining and Reclamation Enforcement said it would start working with U.S. state regulators to modify rules …
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08, 2016
Florida Insurers UPC Insurance, American Coastal Insurance Enter Merger Agreement
United Insurance Holdings Corp. (UPC Insurance), a property and casualty insurance holding company, has entered into a merger agreement with RDX Holding, LLC, the parent of American Coastal Insurance Co. (ACIC or American Coastal), to combine the companies in an …
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08, 2016
Uber to Reunite with Alabama College Towns
The ridesharing service Uber plans to return to two Alabama cities this week as students return to college campuses. Local media report that city officials in Auburn and Tuscaloosa have approved ordinances in recent weeks that satisfy the company. Uber …
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08, 2016
Debt Collectors Cleared to Avoid Liability by Buying Out Claims
Can a debt collector accused of crossing the line avoid liability by buying a consumer’s legal claim out from under her? A federal judge in Las Vegas said yes. The case deserves attention because if the U.S. Court of Appeals …
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08, 2016
South Carolina Approves Updated RMS North Atlantic Hurricane Models
Versions of global catastrophe risk management firm RMS’ North Atlantic Hurricane Models have been approved by South Carolina’s Department of Insurance for the purpose of residential rate filings. Approval for the hurricane model versions 15.0 and 15.0.1 was provided on July …
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08, 2016
Kentucky Man Awarded $21M for ‘Unnecessary’ Heart Procedures by Hospital
A jury has determined that a hospital in London, Kentucky, and its parent company should pay $21.2 million to a Corbin man who received unnecessary heart procedures. The Lexington Herald-Leader reports that the jury ruled August 10 St. Joseph Health …
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08, 2016
Allianz, AXA Bid for Rights to Sell Products via StanChart Outlets in Asia: Sources
Allianz SE, Europe’s biggest insurer, and France’s AXA SA were among first-round bidders for the rights to distribute general insurance products through Standard Chartered Plc outlets in Asia, according to people with knowledge of the matter. A unit of MS&AD …
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08, 2016
Tropical Storm Fiona, 6th Storm of 2016, Forms in Central Tropical Atlantic
Tropical Storm Fiona, which formed more than 900 miles west of the Cape Verde Islands, is forecast to track across the open Atlantic for at least the next five days, the U.S. National Hurricane Center said. Fiona, the sixth storm …
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08, 2016
China’s Ping An Eyes Overseas Acquisitions, Including Post-Brexit UK
Ping An Insurance Group Co. of China Ltd, the country’s second-largest insurer, is aiming for a possible fivefold increase in overseas investments and has not been put off Britain by its vote to leave the European Union, its group chief …
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08, 2016
LP Insurance in Nevada Names Perchetti, Vice President and Shareholder
Reno, Nev.-based LP Insurance Services Inc. has named Tina Perchetti vice president and shareholder. Perchetti provides clients in northeastern Nevada with commercial insurance products and risk management services. She worked in financial services before insurance. LP Insurance is a risk …