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Texas Oil Wells Services Company Cited for Rig Fatalities
Federal safety officials have cited a Texas oil well services company in the deaths of three workers killed while working to install a blowout preventer, which seals, controls and monitors a rig. The Occupational Safety and Health Administration (OSHA) said …
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D.C. Seeks Public Input on Access to Bank Services, Small Business Capital
The District of Columbia Department of Insurance, Securities & Banking (DISB) announced on Sept. 11 that it has launched city-wide surveys to study the barriers to banking services for District of Columbia residents and access to capital challenges for small …
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Kansas Insurance Regulators Considering More Agent CE Hours
The Kansas Insurance Department is considering whether insurance agents need more training. Currently, the state’s insurance agents are required to complete 12 hours of education every other year. Most states require 24 hours for insurance agents. The Wichita Eagle reports …
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Sony Pictures Agrees to Settle with Former Employees Over Hacked Data
Sony Pictures Entertainment Inc. has reached a settlement agreement with nine former employees who had filed a lawsuit claiming that their personal data was stolen in a 2014 hacking tied to the studio’s release of a comedy film set in …
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Hurricane Museum Seeks to Close $15M Funding Gap
Ten years after back-to-back storms Katrina and Rita galvanized plans for a Lake Charles, La., museum focused on hurricanes, supporters have secured about $42 million in pledges to build it. The Advocate reports supporters are now focused on closing a …
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ABA Insurance, BakerHostetler to Provide Cyber Risk Management Program for Banks
ABA Insurance Services (ABAIS) launched a new cyber insurance product for banks that are insured through ABAIS to help them prevent, prepare for, and respond to data security incidents. BakerHostetler’s privacy and data protection team will provide legal services for …
The article ABA Insurance, BakerHostetler to Provide Cyber Risk Management Program for Banks appeared first on Insurance Journal.
West Virginia Takes 212 Commercial Vehicles off Road After Failed Inspections
The West Virginia Public Service Commission says 212 commercial vehicles were taken out of service as a result of recent inspections. Violations found by PSC transportation enforcement officers included faulty brakes, lights, tires and steering mechanisms, poorly secured loads and …
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MedPro Group Finalizes Acquisition of Oklahoma-Based PLICO
MedPro Group (MedPro), a Berkshire Hathaway subsidiary, has its completed its acquisition of healthcare liability insurer PLICO Inc. (PLICO) from the Oklahoma State Medical Association (OSMA). The transaction process — from signing to closing — took less than 60 days, the …
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NAPSLO Panel: Tech Disruption May be Good for E&S Market
“There are no rules. If you can figure out how to quantify a risk and define it, then you can insure it.” Hank Haldeman, president of the board of directors for the National Association of Professional Surplus Lines Offices, sounded …
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Holborn Hires Strauss as Senior VP in New York
Holborn, an independent reinsurance broker based in New York, hired Frederick M. Strauss as senior vice president. In this role, Strauss will be responsible for spearheading Holborn’s nationwide new business development efforts for the residual markets, working closely with the …
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