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West Virginia City to Require Registration of Vacant Properties
Owners of vacant properties in Parkersburg, W. Va., soon will have to register the structures with the city. City officials are implementing a new registry for vacant properties. The Parkersburg News and Sentinel reports that owners will have to register …
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Data Breach ID’d on North Dakota Workers’ Comp Agency
A state server containing information from North Dakota’s workers’ compensation agency was breached, but it’s unlikely any personal information was stolen, state officials announced. Mike Ressler, the chief information officer at the state Information Technology Department, said unusual activity was …
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Oregon Man Injured by Leftover Acupuncture Needle Sues for $3M
A Portland, Ore. man has filed a lawsuit seeking more than $3 million from an acupuncturist he says left two needles in his skin, including one that later broke off and became embedded in his groin. The lawsuit says acupuncturist …
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Conn. Gov. Seeks to Scale Back Some Proposed Tax Hikes for Corporations
Connecticut Gov. Dannel P. Malloy on Friday called on lawmakers to scale back some of the tax increases his administration helped negotiate in a budget that prompted some major employers, including General Electric Co., to discuss moving out of Connecticut. …
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UK Insurance Software Provider Innovation Wins Major Contract
British insurance software company Innovation Group said on Wednesday it had secured a 46 million pound ($72.3 million) contract with a major client, its third and biggest new business win this year. The deal, which will see Innovation’s products used …
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ACE Launches General Liability Offering for Multinational Middle-Market Companies
ACE Group has launched a new insurance offering that combines domestic general liability coverage and international general liability coverage for U.S. middle-market companies that are expanding globally. The policy brings together underwriting of ACE Westchester, the company’s excess and surplus …
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Marsh Launches Diagnostic Tool to Estimate Clients’ Total Cost of Risk
Marsh has unveiled a new casualty cost diagnostic tool powered by its analytics that provides clients enhanced awareness of their casualty program costs and trends and shares strategies on how to further control their casualty total cost of risk (TCOR). …
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Judge Rules for Greenberg in Suit Against AIG Bailout But Nixes Damages
The U.S. set illegal terms in demanding American International Group Inc. stock for an $85 billion bailout during the financial crisis, but that doesn’t mean AIG investors deserve compensation, a court ruled. What began as a long-shot lawsuit by Hank …
The article Judge Rules for Greenberg in Suit Against AIG Bailout But Nixes Damages appeared first on Insurance Journal.
Assurex Global Elects President of Florida-Based Celedinas Insurance to Board
President and CEO of nationwide broker Celedinas Insurance Group, Ray Celedinas, has been appointed to the Assurex Global Board of Directors. Assurex Global is a global privately held commercial insurance, risk management and employee benefits brokerage group. A partner firm …
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Smith to Head Ironshore’s New Chinese Investment in U.S. Practice Group
Ironshore Inc. announced the formation of the Chinese Investment Practice Group, building upon its relationship with Fosun International, to identify Chinese investment opportunities in U.S.-based companies and assets. Fosun is in the process of completing its acquisition of Ironshore . …
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