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RKH Appoints Schlossmacher as Co-Managing Director of Financial Risks Division
RKH Specialty, part of the Hyperion Insurance Group, has appointed Gert Schlossmacher as co-managing director of its Financial Risks Division. Schlossmacher will join in January 2016, reporting to Barnaby Rugge-Price, CEO of RKH Specialty. Schlossmacher joins RKH from Euler Hermes, …
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Global Tax System Reform to Profoundly Affect Insurance Industry: London’s IUA
A sweeping global reform of tax systems is under way and will have profound implications for the insurance industry, the London-based International Underwriting Association has warned. Responding to public concerns about tax evasion, the G20 major economies have ordered a …
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Revamped Florida Driving Test Resulting in High Number of Failures
Officials for the Florida Department of Highway Safety and Motor Vehicles are re-examining some test questions as more Floridians are failing the revamped written driver’s license test. Three out of every five have flunked through the first six months of …
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North Carolina Man Accused of Causing Over 12 Accidents for Insurance Money
Police in Asheville, N.C., say a man involved in more than a dozen wrecks in three years is accused of deliberately causing the accidents and trying to collect insurance later. The Asheville Citizen-Times reports that warrants at the Buncombe County …
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Report: South Carolina Disabled Residents Overcharged for Care by $2M
Hundreds of South Carolina people with disabilities have been overcharged roughly $2 million for their care in group homes, according to a report released July 16. An audit revealed that 10 providers for the Department of Disabilities and Special Needs …
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Citizens to Hold Off on 2016 Sinkhole Rate Increases, For Now
In Citizens’ 2016 rate proposal, approved last month by the Citizens Board of Directors and awaiting approval by the Florida Office of Insurance Regulation, the insurer of last resort did not recommend any sinkhole rate increases for 2016 for most …
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Arizona Supreme Court Ruling May Expose Agents to Lawsuits
An Arizona Supreme Court ruling may expose agents who write auto policies to malpractice lawsuits if they are accused of failing to inform their customers about uninsured and underinsured motorists coverage – even with a signed waiver acknowledging the customer …
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Dallas-Area Steel Fabricator Fined $189K for Workplace Hazards
Federal safety officials have found that a Dallas-area steel fabricator has continued to put its workers in harm’s way, despite its awareness of hazards at its Farmers Branch facility. A recent federal inspection that found more than a dozen safety …
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Amtrak Settles With Primary Insurers in Sandy Lawsuit
Amtrak recently reached a settlement with its primary insurers in a lawsuit in which the railroad operator sought to recoup additional proceeds for Superstorm Sandy losses from its insurers, according to court documents. Terms of the settlement were not disclosed …
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U.S. Court Sides with Kansas Drivers in FedEx Employee Status Case
FedEx has lost a round in employment practices litigation over whether or not its drivers are employees of the company under Kansas labor statutes. On July 8, the U.S. Court of Appeals for the 7th Circuit agreed with the findings …
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