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09, 2015
Suburban Philadelphia County Shutting Down DUI Court Over Heavy Caseload
Court officials are shutting down a special court for drunken driving cases in the Philadelphia suburbs because it’s been too busy. The Philadelphia Inquirer reported on Sept. 23 that Montgomery County is ending the two-year pilot program because drunken-driving is …
30
09, 2015
Hurricane Warnings Issued as Tropical Storm Joaquin Gains Strength
The National Hurricane Center’s latest bulletin, issued at 5:00 EDT, notes that the “government of the Bahamas has issued a Hurricane Warning for the central Bahamas, including Cat Island, the Exumas, Long Island, Rum Cay, and San Salvador.” The NHC …
30
09, 2015
AIR Analyzes Taiwan, China Damages, Losses from Typhoon Dujuan
Catastrophe modeling firm AIR Worldwide reports that Typhoon Dujuan made landfall on northeast coast of Taiwan with high winds and heavy rain near Nan’ao Township in Yilan County, late afternoon on Monday, September 28, at approximately 09:00 UTC. AIR described …
30
09, 2015
A.M. Best: European Insurers Continue Emerging Markets’ Growth – with Caution
In an attempt to deploy excess capital, some major European insurers have developed overseas operations over the past several years but are now taking a more cautious approach, as not all overseas strategies have proven successful, according to a new …
30
09, 2015
Lloyd’s Chairman Criticizes Profit-Hungry Corporations, Which Risk Eroding Trust
Lloyd’s of London Chairman John Nelson criticized the business community, saying companies are too focused on profit and are at risk of eroding the trust of the public and regulators. Nelson, speaking at Lloyd’s annual dinner in London, said a …
30
09, 2015
U.S. Missing Life-Saving Opportunity of Driver Assistance Technologies
New auto safety technologies such as automatic braking and sensors that keep a car in its lane could prevent almost 10,000 U.S. road deaths a year and save $251 billion if they were more widely available, according to a Boston …
30
09, 2015
Tropical Storm Joaquin Keeps Forecasters Guessing on Its Path
Tropical Storm Joaquin jumped in strength and is forecast to become a Category 1 hurricane by Wednesday, even as computer models disagree on where it will end up. Joaquin’s top winds reached 65 miles (105 kilometers) per hour, up from …
30
09, 2015
UPC Insurance to Buy Interboro for $57M
United Insurance Holdings Corp. (UPC Insurance) said it will pay $57 million for Interboro Insurance Co., a New York-based property/casualty insurer licensed to operate in four states and Washington, D.C. The deal involves both cash and stock and allows for …
30
09, 2015
London to Curb Uber with Driver Tests, Stricter Insurance Requirements
Uber Technologies Inc. faces curbs on its expansion in the U.K. after London Mayor Boris Johnson’s transport regulator proposed that drivers of private-hire minicabs should face English-language and navigational tests, stricter insurance requirements and limits on bookings. The recommendations are …
30
09, 2015
How P/C Mutual Insurers Perform Compared to P/C Industry
Mutual property/casualty insurers tend to underperform the property/casualty insurance industry as a whole in several areas of performance, a new report says. However, the A.M. Best report notes, the mission of a mutual insurance company can be very different from …