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09, 2015
Trying to Put a Price Tag on Volkswagen’s Emission-Fraud Scandal
An $18 billion liability figure attached itself last Friday to Volkswagen’s diesel disaster. This morning comes news that the German car maker has set aside $7.3 billion (€6.5 billion) to cover a scandal spreading worldwide. How to make sense of these …
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09, 2015
Report Shows Higher Smoking, Drinking Among Utah Construction Workers
Utah residents who work in construction and manufacturing are more likely to smoke and binge drink than workers in other industries, according to a new report from Utah’s Department of Health. The data is based on a telephone survey of …
22
09, 2015
Rig Crew Blamed for 2013 Gas Well Blowout in Gulf of Mexico
A long-delayed federal investigative report into gas well blowout off the coast of Louisiana two years ago has faulted the drilling rig’s crew for a blowout that destroyed the well at a cost of nearly $60 million. WWLTV reports that the …
22
09, 2015
Wisconsin Contractor to Pay $140K to Settle Age Discrimination, Retaliation Suit
Stack Bros. Mechanical Contractors Inc. of Superior, Wis., a heating and plumbing contractor in northern Wisconsin and northern Minnesota, will pay $140,000 and furnish other relief to settle an age discrimination and retaliation lawsuit brought by the U.S. Equal Employment …
22
09, 2015
Royalty Lawsuits Against Chesapeake Consolidated in Texas
More than 400 lawsuits have been consolidated in Texas, where energy drilling giant Chesapeake Operating Inc. is accused of withholding more than $1 billion in royalty payments from about 25,000 property owners. “The vast majority are just smaller landowners, even …
22
09, 2015
Engle-Hambright & Davies Announces 2 Appointments in Pennsylvania
Engle-Hambright & Davies Inc. (EHD), an independent insurance agency based in Lancaster, Pennsylvania, hired Matthew Swanick as Construction and Surety Practice group leader in the Commercial Department. Prior to joining EHD, Swanick most recently worked for Wells Fargo Insurance Services …
22
09, 2015
Philadelphia Controller’s Office Criticizes Building Inspections
An agency under fire since a 2013 building collapse killed six people jeopardizes public safety by allowing uncertified workers to conduct building inspections, Philadelphia city auditors said. The two building inspectors who weren’t properly certified performed 1,900 inspections, the Philadelphia …
22
09, 2015
Aon Outlines New Growth Paths for Re/Insurers at 14th Hazards Conference
Aon Benfield is examining how insurers and reinsurers can identify and capitalize on new growth opportunities amid challenging market dynamics at its 14th Biennial Hazards Conference in Australia. Aon noted that it’s “one of the largest gatherings of hazard risk …
22
09, 2015
ACE Takes 24% Stake in CoverHound’s Online Commercial Insurance Plans
CoverHound has raised $33.3 million in a financing round led by ACE Group, which the company plans to use in to help it build an online commercial insurance platform starting with businessowners policy insurance offerings that could be available next …
22
09, 2015
ACE Names Littooij European Product Champion, Small Marine Commercial
ACE Group announced the appointment of Paul Littooij, currently marine manager for ACE in Benelux, to the additional role of European product champion, Small Marine Commercial, as it continues to expand its team to better cover the insurance needs of …