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27
09, 2015
5 Veteran Missouri Insurance Regulators Appointed to New Roles
Missouri Department of Insurance Director John M. Huff has appointed five veteran regulators to new and expanded leadership roles. Angela Nelson, director of the Market Regulation Division, has been tasked with the additional responsibility of chief industry liaison where she …
28
09, 2015
Court Now Likely for Joint Employer, Franchise Company Liability Case
A sanitation company at the center of a major U.S. labor board ruling that could force companies like McDonald’s Corp. to negotiate directly with franchise and contract workers has refused to bargain with workers hired by a staffing agency. The …
27
09, 2015
Lafayette Residents May Still Appeal Flood Map Revisions
Residents of Louisiana’s Lafayette Parish have one final chance to appeal proposed FEMA flood maps. The Advocate reports it’s the first major revision in two decades for documents used to set home elevations and insurance rates in flood zones. The …
29
09, 2015
Hardy Pickering Promoted to Chief Financial Officer of Hamilton Re
Bermuda-based Hamilton Insurance Group, the holding company for insurance and reinsurance operations in Bermuda, the U.S. and at Lloyd’s, announced that Vanessa Hardy Pickering has been promoted to the position of chief financial officer of Hamilton Re. Hardy Pickering, who …
27
09, 2015
Cardiologist in Ohio Convicted of Overbilling Insurers $7.2M
A federal court jury in Cleveland, Ohio, has convicted a cardiologist of ordering unnecessary medical tests, performing unnecessary procedures and submitting fraudulent bills totaling $7.2 million. Fifty-six-year-old Harold Persaud of Westlake was convicted of one count of health carefraud, 13 …
28
09, 2015
Sommerrock Joins Geneva Ass’n. as Deputy Secretary Gen’l. – Insight Head
The Geneva Association announced the appointment of Dr. Fabian Sommerrock as Deputy Secretary General and Head of Insight. He joins the Association from Roland Berger Strategy Consultants where he was a principal at the Roland Berger Financial Services Competence Center …
25
09, 2015
CoreLogic Adds Probabilistic Flood Model to Risk Management Program
CoreLogic, a residential property information, analytics and data-enabled services provider, has released an expanded version of its natural catastrophe risk management program, which features a probabilistic flood model to analyze the potential damage and financial impact at the property-level from …
28
09, 2015
Governments Make Pledges on Climate to Curb Temperature Rise – Study
National promises to curb greenhouse gas emissions will help avert the worst levels of global warming by 2100, but more action is needed to keep temperature rises within the 2 degrees Celsius [3.6°F] limit set by governments, a study showed …
25
09, 2015
Munich Re, Marsh Introduce Pharma Coverage for Regulatory Actions
Munich Re and Marsh & McLennan Cos., the largest insurance broker by market value, introduced a product to insure U.S. pharmaceutical companies against regulatory actions that could cause them to suspend manufacturing. The product would cover as much as $10 …
28
09, 2015
Takata Air Bag Recall Could Be Expanded to Other Car Makers
The U.S. regulator overseeing the replacement of Takata Corp. air bags is considering an order that would expand the recalls and has contacted seven manufacturers who could be affected, including Volkswagen AG and Tesla Motors Inc. Takata identified the seven …