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28
09, 2015
Oregon Homes Demolished Without Proper Asbestos Removal
Contractors have been tearing down hundreds of Portland homes without properly removing the asbestos inside, a practice that ignores state regulations and could put workers at risk. An investigation by The Oregonian found that weak regulatory oversight from the Department …
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 …
24
09, 2015
Music Publisher Loses Bid Over Copyright for ‘Happy Birthday’ Song
A U.S. judge on Tuesday ruled that Warner/Chappell Music does not own a valid copyright to one of the world’s most recognizable songs, “Happy Birthday to You,” a decision that brings the song into the public domain. The highly-anticipated ruling …
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 …
27
09, 2015
Cyberattack Cost Illinois City $760K so Far
Naperville, Ill., city officials have spent about $760,000 on rebuilding its online network three years after a cyberattack wreaked havoc. City officials tell the Chicago Tribune insurance covered about 25 percent of the cost. Officials say there’s no evidence of stolen …
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 …
25
09, 2015
Corporate Synergies in New Jersey Announces 2 Appointments
Corporate Synergies, a property/casualty brokerage and employee benefits consulting firm based in Mount Laurel, New Jersey, hired Alex Alday as vice president of account management. Alday recently worked at Lyons Companies as commercial lines team Leader before joining Corporate Synergies. …
25
09, 2015
Texas Associates Insurors Adds Peterson as Risk Advisor
Texas Associates Insurors announced that Erik Peterson has joined the agency as a risk and insurance advisor, specializing in medical device, servicing and malpractice risk. Peterson has experience in the industrial and medical device industries. His tenure in the insurance …
29
09, 2015
North Carolina Man Arrested for Forging Insurance Documents
North Carolina Insurance Commissioner Wayne Goodwin announced the arrest of Jonathan Russell Marcus, 53, of Charlotte. Marcus is charged with one count each of forgery of an instrument and obtaining property by false pretense. North Carolina Department of Insurance (NCDOI) …
29
09, 2015
PERILS Lowers Windstorm Niklas Insured Loss Estimate to $927 Million
PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, has released its third loss estimate for windstorm Mike-Niklas, which, lowers the estimated property insurance market loss from €895 million ($1.0 billion] to €826 million [$927 million]. The announcement …