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9
10, 2015
Ex-Senator Nelson to Exit NAIC Leadership Post
Former U.S. Senator Ben Nelson will not renew his contract as chief executive officer of the National Association of Insurance Commissioners (NAIC, the group announced. Nelson’s current term ends on Jan. 31, 2016. He began his tenure at NAIC in …
7
10, 2015
Former Georgia Peanut Managers Get Prison Time for Salmonella Outbreak
Two former managers of a Georgia peanut plant were sentenced to federal prison for their roles in a deadly salmonella outbreak, though the men received far less time behind bars than the ex-boss they helped convict. A U.S. District Court …
9
10, 2015
Massey Mines Alerted Workers When Safety Inspectors on Site: Testimony
Massey Energy executives used an advanced warning system at the company’s Upper Big Branch mine to alert workers as soon as federal inspectors arrived on site, a former miner testified Thursday at the criminal trial for ex-chief executive Donald Blankenship. …
8
10, 2015
Supreme Court Deals Blow to Insider Trading Prosecutors
The U.S. Supreme Court let stand a major insider-trading ruling that threatens at least 10 convictions and creates what the Obama administration calls a road map for securities fraud. Rejecting an administration appeal without comment, the justices refused to consider …
9
10, 2015
Fraud Class Action Claim Filed Against Fantasy Sports Sites
Fantasy sports companies FanDuel and DraftKings are coming under further pressure as a player in Kentucky accused them of negligence and fraud in a lawsuit. Adam Johnson, a daily fantasy player from Jefferson County, says in the suit that players were “fraudulently …
7
10, 2015
Japan Post’s IPO Listings – Which Include Insurer Unit – Could Raise Nearly $12B
Japan Post Holdings Co. on Wednesday set an indicative price range of 1,100-1,400 yen per share in an initial public offering, one of a trio of listings by the state-owned post office that make up a privatization worth close to …
9
10, 2015
Typhoon Mujigae Hits South China; Strongest Cyclone to Hit Region: AIR Worldwide
Typhoon Mujigae – also called Kabayan – took made landfall in China’s Guangdong Province on October 4 with reported wind speeds up to 135 miles per hour (217 kilometers per hour) in some locations. Mujigae quickly moved from a Category …
8
10, 2015
ACE Appoints Divakaran as Marine Risk Manager for Asia Pacific
ACE Group has appointed Captain Sivakumaran Divakaran as the new marine risk manager for Asia Pacific. Divakaran will be part of the Asia Pacific Marine team, which provides marine cargo insurance for a wide commodity range with customized risk management …
9
10, 2015
JLT Acquires South Africa’s Eikos Risk Applications
Jardine Lloyd Thompson has agreed to acquire 100 percent of the shares of South Africa-based Eikos Risk Applications (ERA) from Eikos Holdings (Pty) Ltd., part of the Eikos Group. ERA provides specialist marine, transportation and logistics risk consulting and broking …
9
10, 2015
New England Flood Insurance Launches Flood Coverage for Homeowners
New England Flood Insurance (NEFI) is now offering flood insurance to homeowners in New England. Coverage is underwritten by NEFI and backed by an A rated carrier and is not affiliated with the National Flood Insurance Program. NEFI will use …