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24
09, 2015
EU Supervisors Face ‘Binding Mediation’ on Simple ABS Disagreements
National authorities in the European Union will have to submit to binding arbitration if they can’t decide whether to apply the bloc’s new rules on simple securitizations to a transaction, a European Commission document shows. In the undated draft regulation on …
24
09, 2015
Washington Labor Department Seeks 2% Workers’ Comp Rate Hike
The Washington State Department of Labor & Industries is proposing an average 2 percent rate workers’ compensation increase for 2016. Each fall L&I sets workers’ comp rates for the following year. L&I looks at expected workers’ comp payouts, the size …
24
09, 2015
Tropical Rains a Mixed Bag for Southwest Drought Relief
The tropical Pacific is sending a big dollop of rain into the U.S. Southwest. While it won’t help much in drought-ridden California, it’s another step in the right direction for Arizona and New Mexico. The annual monsoon can ease the …
25
09, 2015
North Carolina Fines Companies Involved in Fatal Scaffolding Accident
The North Carolina Labor Department has fined three companies in connection with the deaths of three workers killed when scaffolding fell at a high-rise construction project in downtown Raleigh, including one that was cited for violations described as willful and …
24
09, 2015
WSJ: Towers Watson CEO Haley Sold Shares During Willis Merger Talks
Towers Watson & Co. Chief Executive John Haley sold shares in the human resources consultancy for a profit of about $9.7 million while the company was discussing a merger with Willis Group Holdings, the Wall Street Journal reported. The announcement …
24
09, 2015
HUB Names Eggleston Managing Director in California
Kevin Eggleston has joined HUB California as managing director responsible for the hospitality practice. Eggleston will be based in the HUB California Sacramento office. Eggleston began his career in management positions with luxury hotels in Boston, Charlotte, San Francisco and …
24
09, 2015
Health Insurer CEOs Defend Big Mergers Before Senate
Leaders of two major health insurers planning multibillion dollar acquisitions made their case to Congress this week that bigger can mean better in their industry, but concerns are being raised in Washington about how these deals will affect consumers and …
24
09, 2015
Schermerhorn Named Vice President of Lockton in California
Lockton Cos. has named Jeff Schermerhorn vice president in its cyber technology practice. Schermerhorn will be based in Lockton’s Los Angeles office. He will offer clients tailored programs to shelter them from the increasing threat of cyber attacks. Lockton is …
24
09, 2015
Mass. Developer Charged With Masterminding Arson for Insurance Money
A millionaire developer and restaurant owner in Massachusetts has been charged with masterminding the arson of an under-construction home so he could collect the insurance money. Alan Kaplan, of Brookline, Massachusetts, was granted $10,000 bail and ordered to surrender his …
24
09, 2015
Scottsdale Names Nelson to Lead Contract Underwriting
Surplus lines carrier Scottsdale Insurance Co. has named David Nelson as the leader of contract underwriting. Nelson has been with Scottsdale Insurance since 1991. His most recent position was CFO for the Scottsdale Insurance Group of Companies, Nationwide Agribusiness and …