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07, 2016
Global Flood Events Rack Up $5B in Economic Costs in June: Aon Report
Major floods across the globe during June – topped by events in China and the U.S. – are expected to bring economic costs in excess of US$5.0 billion, according to Impact Forecasting, Aon Benfield’s catastrophe model development team. Seasonal “Mei-Yu” …
8
07, 2016
Maryland High Court Finds Liability for Adults Hosting Underage Drinking Parties
Adults who host underage drinking parties can be held civilly liable for injuries caused by a drunken guest, Maryland’s highest court ruled unanimously this week in what one lawyer calls a landmark decision. The Court of Appeals ruled in two …
8
07, 2016
Reports of Fires, Explosions Lead to Huge Hoverboard Recall
More than 500,000 hoverboards are being recalled after dozens of reports of fires and spewing smoke. There have been 99 reports to the Consumer Product Safety Commission of battery packs that have overheated, exploded or caught fire, the U.S. regulator …
8
07, 2016
Justice Department Has ‘Significant Concerns’ with Aetna-Humana Marriage
The U.S. Department of Justice has significant concerns about Aetna Inc’s proposed acquisition of health insurer Humana Inc., a source familiar with the situation said on Thursday, sending shares of Humana down as much as 11 percent. Aetna’s purchase of …
8
07, 2016
Post-Brexit-Vote Property Panic Could Hit Bank, Insurer Investments
The run on British property funds has drawn attention to the vulnerability of the commercial real estate sector, largely funded by domestic banks and building societies but increasingly by foreign banks and insurers. UK banks and building societies had around …
7
07, 2016
Crystal & Company Adds Bishara as Director in Miami
Risk and insurance advisor Crystal & Company has hired Jason Bishara as director in its Miami office. His responsibilities include new business development and senior level client relationship management. Bishara has more than 20 years of experience with a background …
8
07, 2016
Alabama Seafood Company to Halt Fish Processing Due to Unsanitary Conditions
Federal court officials say an Alabama seafood company has agreed to stop processing fish after complaints were raised by the U.S. Food and Drug Administration. U.S. District Court officials said in a statement July 7 that the permanent injunction is …
8
07, 2016
Trucking Firm Won’t Face Criminal Charges in Crash that Killed 5 Georgia Students
A Georgia prosecutor says he’s dropped the criminal case against a trucking company charged in a deadly interstate crash last year that killed five nursing students. Tom Durden is district attorney for southeast Georgia’s Atlantic Judicial Circuit. He said Wednesday …
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07, 2016
Construction Worker Electrocuted on University Campus in West Virginia
Officials say a construction worker has died after being electrocuted while working at a site on the campus of Shepherd University. Shepherd University officials said in a news release that the man was killed on campus on July 5. Harkins …
8
07, 2016
Kelso to Retire from Ohio Insurance Institute, Fadel Named President
Ohio Insurance Institute President Dan Kelso is retiring and senior staffer Dean Fadel has been named the OII’s new president, the organization announced. The leadership transition will occur over the next several weeks. Fadel, formerly vice president of Government Relations, …