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Lawmakers Vow to Review Abandoned Mine Insurance Program
Lawmakers will examine whether a program that allows coal companies to forgo mine cleanup insurance could leave taxpayers with billion dollar costs, leading members of the U.S. House Committee on Natural Resources said on Wednesday. The coal sector is responsible …
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Beazley Introduces Fraudulent Instruction Insurance
Beazley has introduced fraudulent instruction insurance, a new coverage to address losses from the transfer of funds as a result of fraudulent instructions from a person purporting to be a vendor, client or authorized employee. The new endorsement, which has …
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PLUS Names Thompson as Executive Director
Robbie Thompson has been hired as the new executive director for Professional Liability Underwriting Society (PLUS). Thompson brings 18 years of management experience to PLUS, most recently as president and CEO of the Credit Union Association of the Dakotas in Bismarck, North …
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Dubai-Based Chedid Re Announces Registration as Lloyd’s Broker
Chedid Europe Reinsurance Brokerage Limited, headquartered in Dubai, UAE, has announced its registration as a Lloyd’s broker. Chedid Re, which is a subsidiary of the Lebanese group Chedid Capital Holding, said this business move comes as a natural extension of the …
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6 Decisions Coming from Supreme Court Over Next Few Days
The U.S. Supreme Court is saving the best for last. The nation’s top court will issue a series of major rulings over the next several days as it closes its nine-month term. In addition to landmark gay-marriage and Obamacare cases, …
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Senator ‘Shocked’ by Highway Safety Agency ‘Incompetence’
The U.S. National Highway Traffic Safety Administration hasn’t been able to spot emerging safety hazards because of “blatant incompetent management,” a senator said Tuesday. NHTSA, charged with ensuring safety on the nation’s roadways, gives too much discretion to carmakers and …
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Penn. Advises Rideshare Drivers to Carefully Examine Insurance Coverage
Pennsylvania Insurance Commissioner Teresa Miller is urging potential drivers for rideshare services like Uber and Lyft to consult with their insurance companies to ensure adequate coverage for themselves and passengers. Miller said Wednesday that transportation network services Uber and Lyft …
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Spike in Oklahoma Quakes an Energy ‘Game Changer’
A spike in earthquakes across Oklahoma is forcing the state’s energy regulator to urgently consider tougher restrictions on drilling activity, a spokesman said, calling it a “game changer.” From June 17 to 24, there have been 35 earthquakes of magnitude …
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CAMICO Wins IMCA Marketing Award; Allstate, Hartford, Jackson Also Honored
CAMICO won the SAMMY Award for overall Best of Show in insurance industry marketing and communications at the annual Insurance Marketing and Communications Association (IMCA) Showcase Awards gala this week in Nashville. Attendees at the four-day conference voted on the …
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Court: Iowa Universities Can’t Be Sued for Unpaid Insurance Fees
Iowa’s public universities can’t be sued for allegedly refusing to pay their share into a state program that subsidizes insurance for Iowans with health risks. On June 23 the Iowa Court of Appeals upheld the dismissal of a lawsuit that …
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