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07, 2015
Court Upholds Dismissal of Apartheid Claims Against Ford, IBM
Victims of apartheid in South Africa cannot pursue lawsuits seeking to hold Ford Motor Co. and IBM Corp. liable for conducting business that helped perpetuate the practice decades ago, a U.S. appeals court ruled on Monday. The 2nd U.S. Circuit …
The article Court Upholds Dismissal of Apartheid Claims Against Ford, IBM appeared first on Insurance Journal.
29
07, 2015
Boston Ends Bid to Host 2024 Olympics
Boston’s bid to host the 2024 Olympics is over. The city and the U.S. Olympic Committee severed ties after a board teleconference Monday, USOC spokesman Patrick Sandusky told The Associated Press. The decision throws the bid process — and hopes …
The article Boston Ends Bid to Host 2024 Olympics appeared first on Insurance Journal.
29
07, 2015
Regulators Want More Details on Insurers’ Living Wills for Bankruptcy
Three major non-bank financial firms need to provide more detail on how they could be unwound in bankruptcy after a collapse, regulators said Tuesday in their first response to the companies’ living wills. The statement by the Federal Reserve and …
The article Regulators Want More Details on Insurers’ Living Wills for Bankruptcy appeared first on Insurance Journal.
29
07, 2015
BHSI Launches Bankers Professional Liability Insurance Program
Berkshire Hathaway Specialty Insurance (BHSI) today launched Professional First Bankers Professional Liability Insurance in the U.S., adding to its executive and professional liability products for financial institutions. Professional First Bankers Professional Liability Insurance offers banks, their executives and employees, coverage …
The article BHSI Launches Bankers Professional Liability Insurance Program appeared first on Insurance Journal.
29
07, 2015
12 Injured in Kentucky Amusement Park Ride Accident
Authorities say at least 12 people were injured when a swing ride at an amusement park in Bowling Green, Kentucky, tipped over. The Daily News reports emergency officials were dispatched to Beech Bend Amusement Park around 6 p.m. on July …
The article 12 Injured in Kentucky Amusement Park Ride Accident appeared first on Insurance Journal.
29
07, 2015
Alabama Police Department Granted Access to 2,000 Surveillance Cameras
Mobile, Ala., officials have unveiled a new public safety initiative that will allow police access to more than 2,000 surveillance cameras. AL.com reports that as of July 23, the Mobile Police Department had access to over 2,000 live security camera …
The article Alabama Police Department Granted Access to 2,000 Surveillance Cameras appeared first on Insurance Journal.
29
07, 2015
Buffett Helps Ireland’s Vhi Insurance Avoid Bailout with $99M Subordinated Loan
Irish state-owned health insurer Vhi Insurance DAC borrowed money from Warren Buffett’s Berkshire Hathaway Inc. to help avoid a bailout as the company comes under central bank regulation for the first time. Berkshire gave Vhi a 90 million-euro [$97.6 million) …
The article Buffett Helps Ireland’s Vhi Insurance Avoid Bailout with $99M Subordinated Loan appeared first on Insurance Journal.
29
07, 2015
Marsh & McLennan Seeks Ways to Cut Tax as Competitors Shift to London
Marsh & McLennan Cos., the largest insurance broker by market value, is seeking ways to cut tax obligations as rivals shift to Europe, where rates are lower. “The search for tax efficiency for us started several years ago,” Dan Glaser, chief executive …
The article Marsh & McLennan Seeks Ways to Cut Tax as Competitors Shift to London appeared first on Insurance Journal.
29
07, 2015
Hamilton Underwriting Limited Hires Carvey as Head of Treaty
Hamilton Underwriting Limited, the Lloyd’s managing agency of Bermuda-based holding company Hamilton Insurance Group, announced that Trevor Carvey has been hired as head of treaty. Carvey will report to Dermot O’Donohoe, chief executive officer of Hamilton Underwriting Limited. He will …
The article Hamilton Underwriting Limited Hires Carvey as Head of Treaty appeared first on Insurance Journal.
29
07, 2015
Insurers Warned to ‘Think Before You Snap’ as Florida Drone Privacy Law Takes Flight
The new Florida drone privacy law could have some unintended consequences for insurers looking to use or insure unmanned aircraft systems (UAM) technology. The Freedom from Unwarranted Surveillance Act (FUSA), which took effect in Florida July 1, prohibits a person, …
The article Insurers Warned to ‘Think Before You Snap’ as Florida Drone Privacy Law Takes Flight appeared first on Insurance Journal.