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25
09, 2015
Farmers Insurance Opens Its 1st Territory Office in Connecticut
Farmers Insurance, which began providing insurance and financial services to Connecticut consumers on Jan. 1, 2015, announced the opening of the company’s first territory office in the state. The new office, located in Danbury, Connecticut, opened its doors with a …
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 …
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 …
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 …
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. …
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 …
24
09, 2015
ADB, OECD Call for Governments, Insurers to Address Disaster Relief
Representatives from the Asian Development Bank (ADB) and the Organization for Economic Cooperation and Development’s (OECD) Global Seminar on Disaster Risk Financing fostered an in-depth debate on the development of effective approaches to the financial management of disaster risks, in …
27
09, 2015
Earthquakes Knock Out Power in Oklahoma Town
Two earthquakes — including one of magnitude 4.0 — rattled Cushing, Okla., and caused power outages, but no injuries or significant damage is reported. The U.S. Geological Survey reports a 4.0 magnitude quake struck at 8:16 p.m. on Sept. 24 …
24
09, 2015
Der Manouel Taps Wood as Marketing Director in California
Der Manouel Insurance Group in California has named Jim Wood as director of marketing. Wood will work with the DMIG consultants and service staff in finding the carrier solutions for clients. He will also help to develop industry specific programs …
28
09, 2015
California Gas and Electric Company Seeks to Split Costs on Uninsured Fire
San Diego Gas and Electric is seeking authority to bill its customers $379 million for legal settlement costs left over from 2007 wildfires that destroyed 1,300 homes and killed two people. In filings with state regulators Friday, SDG&E said customers …