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Halliburton Offers Settlements over Chemical in Oklahoma Wells
Halliburton is offering settlements to dozens of property owners after a chemical compound called ammonium perchlorate showed up in residents’ private wells. The company has offered settlements to 130 plaintiffs involving more than 80 properties in Duncan. As of Oct. …
A.M. Best Affirms Zurich Insurance Ratings; Outlook Negative on Expected Losses
A.M. Best has affirmed the financial strength rating of A+ (Superior) and the issuer credit rating of “aa-” while at the same time revising the outlook to negative from stable for Zurich Insurance Company Limited (ZIC) and some of its rated affiliates. ZIC …
Workplace Injuries Lead to $1.4M in Fines for Ohio Chicken Processor
A supplier of fast food and supermarket chicken is facing more than $1.4 million in fines this year for worker safety and health violations at Ohio facilities, including several that led a teenage worker to suffer the amputation of his …
Florida Commissioner McCarty Formally Requests NFIP Rate Data from FEMA
Florida Insurance Commissioner Kevin M. McCarty has followed through on his promise to State Senator Jeff Brandes to investigate the National Flood Insurance Program’s (NFIP) rating practices of Florida insureds. In an Oct. 2 letter to Craig Fugate, administrator of …
Dartigues joins JLT Re’s Paris Office as Client Manager
JLT Re the global provider of reinsurance broking and consultancy, has appointed Eve Dartigues in Paris as a client manager. Dartigues started her career in aviation insurance at La Reunion Aerienne and in property catastrophe reinsurance at Liberty Specialty Markets …
Supreme Court Term Could Be Big for Business
Big business is urging the U.S. Supreme Court to curb class action litigation in a series of cases that dominate the nine justices’ business docket in the coming months. The court returns for its new term on Monday with three …
Congress Pressured to Extend Deadline for Railroad Safety Technology
The head of Amtrak warned Congress that some passenger rail service outside the Northeast corridor will be suspended if lawmakers don’t extend a Dec. 31 deadline for railroads to install safety technology. “There will be significant impacts to our service …
IICF Week of Giving About Helping, Hope, Future
Giving can go well beyond being a mere act of philanthropy. That’s the thinking behind the upcoming Insurance Industry Charitable Foundation event from Oct. 10 through Oct. 17. The IICF Week of Giving, formerly known as Volunteer Week, is the …
AssuredPartners Acquires Moscker Insurance Agency in Maryland
AssuredPartners Inc. announced that its subsidiary, AssuredPartners of New Jersey, has acquired Moscker Insurance Agency Inc. in Severna Park, Maryland. Terms of the transaction were not disclosed. Moscker Insurance Agency specializes in coverage for individuals, businesses, and life and health …
Concrete Canopy Collapses on North Carolina Students, Injures 25
A concrete canopy collapsed Saturday on a group of band students who had gathered outside a North Carolina high school shortly before a competition, leaving 25 people injured, authorities said. Dr. Howard Bell of Iredell Emergency Medical Services confirmed the …