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European Captives More Focused on Risk Mgmt., Investments: A.M. Best
A.M. Best has released a new study -“European Captives Increase Focus on Risk Management and Investments Ahead of Solvency II -” which concludes that “many European captives have embraced Solvency II’s increased regulatory requirements as an opportunity to focus more …
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Study: In 1st Year, 2 Florida Laws Reduced Amount of Opioids Prescribed
Two Florida laws, enacted to fight prescription drug abuse and misuse in that state, led to a small but significant decrease in the amount of opioids prescribed the first year the laws were in place, a new study suggests. According …
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Everest Re Names Germano, Morelli to U.S. Specialty Casualty Posts
Everest Re Group, Ltd. announced two leadership appointments to its U.S. Insurance Specialty Casualty Operation. Connie Germano has been appointed leader of the U.S. Specialty Casualty Operation, responsible for the continued build out of Everest National’s primary casualty, umbrella /excess, …
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Port of Tianjin Blast Highlights Growth of Accumulation Risks: IUMI
The explosions that recently devastated the Port of Tianjin highlight the danger of accumulation risks – when a single event causes an exceptionally large group of related losses, said the International Union of Marine Insurance (IUMI). IUMI President Dieter Berg …
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DMV Agrees to California Brokers Group’s Revisions
The California Department of Motor Vehicles has agreed to make major revisions proposed by the Independent Agents & Brokers of California to its commercial requester agreement that will permit agents and brokers to provide motor vehicle records to insurers and …
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California Regulators Consider Investigation of PG&E Safety Culture
California utility regulators are considering an investigation into the safety culture and governance of PG&E Corp., citing persistent lapses in company oversight. If approved, the California Public Utilities Commission would investigate the “organizational culture, governance and operations” at PG&E to …
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Serving Cart at Heart of Hawaii Couple’s Suit against United Airlines
A Hawaii couple is suing United Airlines, claiming a fallen serving cart caused $75,000 in damages. Peter and Misty Tampon filed a federal lawsuit last week against the airline, according to KHON-TV. The pair claims that during an August 2013 flight …
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Port of Tianjin Blast Highlights Growth of Accumulation Risks: IUMI
The explosions that recently devastated the Port of Tianjin highlight the danger of accumulation risks – when a single event causes an exceptionally large group of related losses, said the International Union of Marine Insurance (IUMI). IUMI President Dieter Berg …
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Utah Court Tosses $3M Verdict in Prescription Drug Overdose Suit
The Utah Supreme Court has overturned a $3 million verdict in a wrongful death suit against a doctor accused of prescribing a lethal amount of prescription drugs. The Salt Lake Tribune reported that the high court ruled this week the jury …
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Montana Medical Marijuana Industry Grows Despite Restrictions
Montana’s medical marijuana industry is growing despite an ongoing legal battle over a regulatory law. The Missoulian reported Senate Bill 432 was passed in 2011 in response to so-called cannabis caravans that traveled the state with a doctor who met …
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