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10
07, 2015
North Carolina Deck Collapse Caused by Deteriorating Nails
Nails deteriorated by years of exposure to the sand, salt and moisture from the ocean gave way, causing a deck collapse that hurt 24 people as they posed for a picture at a North Carolina beachfront home, authorities said. The …
The article North Carolina Deck Collapse Caused by Deteriorating Nails appeared first on Insurance Journal.
10
07, 2015
Sparks Receives Insurance Council of Texas Raymond Mauk Award
Craig Sparks, non-executive chairman of Union Standard, has been presented with the Raymond Mauk Leadership Award by the Insurance Council of Texas (ICT). Sparks is the eighteenth recipient of the award. The ICT presents the Raymond Mauk Leadership Award each year …
The article Sparks Receives Insurance Council of Texas Raymond Mauk Award appeared first on Insurance Journal.
13
07, 2015
Florida Approves Removal of More Than 80,000 Policies from Citizens
The Florida Office of Insurance Regulation (FLOIR) approved the removal of up to 80,000 personal residential policies and 1,050 commercial residential polices from Citizens Property Insurance Corp. (Citizens) by the following three companies: Heritage Property & Casualty Insurance Co. – …
The article Florida Approves Removal of More Than 80,000 Policies from Citizens appeared first on Insurance Journal.
9
07, 2015
Twitter, Facebook, YouTube Must Report Terrorist Activity: Senate Bill
Social media operators such as Twitter, Facebook and YouTube would have to notify federal authorities of online “terrorist activity,” according to the text of a bill approved by the U.S. Senate Intelligence Committee and seen by Reuters on Wednesday. The …
The article Twitter, Facebook, YouTube Must Report Terrorist Activity: Senate Bill appeared first on Insurance Journal.
10
07, 2015
Hedge Fund Sandell Criticizes PartnerRe for Shunning $6.8B EXOR Offer
Sandell Asset Management Corp., the activist hedge-fund firm, amplified its criticism of PartnerRe Ltd. for shunning the unsolicited $6.8 billion takeover offer from EXOR SpA that would break up the reinsurer’s planned merger with AXIS Capital Holdings Ltd. “We believe …
The article Hedge Fund Sandell Criticizes PartnerRe for Shunning $6.8B EXOR Offer appeared first on Insurance Journal.
10
07, 2015
N.Y. Police Issued More Than 10K Tickets Over July 4th Weekend
New York state troopers say they issued more than 10,000 tickets over the July 4th holiday weekend. State police once again this year beefed up enforcement against holiday drivers who were impaired, distracted, speeding or who were not buckled up. …
The article N.Y. Police Issued More Than 10K Tickets Over July 4th Weekend appeared first on Insurance Journal.
13
07, 2015
Lawsuit Filed Over Evacuations in Tennessee Train Derailment
A lawyer says he has filed a lawsuit on behalf of residents who were evacuated when a CSX train car carrying hazardous material derailed and caught fire in East Tennessee on July 1. Maryville attorney Kevin Shepherd said July 10 …
The article Lawsuit Filed Over Evacuations in Tennessee Train Derailment appeared first on Insurance Journal.
9
07, 2015
World Insurance Associates Acquires Bux-Mont Agency in Pennsylvania
World Insurance Associates LLC, an independent insurance agency based in Tinton Falls, New Jersey, announced its acquisition of Bux-Mont Agency Ltd. in Southampton, Pennsylvania. Terms of the transaction were not disclosed. Founded in 1986, Bux-Mont Agency is a personal lines …
The article World Insurance Associates Acquires Bux-Mont Agency in Pennsylvania appeared first on Insurance Journal.
10
07, 2015
Bank of England to Rule on Risk Models as Insurers Prepare for Solvency II
The Bank of England will issue its verdict in December on the models insurance companies use to quantify risk and determine capital requirements as the industry prepares for the new European Union rules known as Solvency II. “I consider it vital …
The article Bank of England to Rule on Risk Models as Insurers Prepare for Solvency II appeared first on Insurance Journal.
10
07, 2015
Iowa School Building Closed Due to Asbestos
The main building at Washington High School in Cedar Rapids, Iowa, has been closed as officials deal with the presence of asbestos. A contractor working in the building raised concerns with the Iowa Natural Resources Department, and the school district …
The article Iowa School Building Closed Due to Asbestos appeared first on Insurance Journal.