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06, 2016
International Law Key to Mitigating South China, Other Maritime Risks: Allen
With non-military actors like coast guards increasingly active in the disputed South China Sea, former U.S. Coast Guard Commandant Thad Allen said international law was becoming even more important to keeping a lid on tensions. Describing the region, including the Strait …
20
06, 2016
AIR Expands Earthquake, Typhoon Models for Southeast Asia
Catastrophe risk modeling firm AIR Worldwide (AIR) said it has “significantly expanded” its earthquake and typhoon models for Southeast Asia. The new earthquake model features the ability to account for the tsunami and liquefaction subperils for Indonesia, the Philippines, and …
17
06, 2016
Despite Losses, North Dakota Political Subdivision Insurance Fund Pays Off
A 30-year-old self-insurance pool has been paying off well for North Dakota political subdivisions, despite large claim losses in 2015. “It’s worked extremely well,” said Steve Spilde, chief executive officer of the North Dakota Insurance Reserve Fund. “We instituted a …
20
06, 2016
Supreme Court Upholds Quick Patent Cancellation Process in Speedometer Case
The U.S. Supreme Court on Monday ruled against Cuozzo Speed Technologies Corp. in its challenge to a federal agency’s procedures for canceling patents in a case involving a vehicle speedometer that tells drivers when they are speeding. The justices’ 8-0 …
17
06, 2016
EPIC Hires EY’s Millard as Risk Solutions Principal in New Jersey
EPIC Insurance Brokers and Consultants, a retail property/casualty brokerage and employee benefits consultant, has hired Mark Millard as principal and senior producer for the EPIC Risk Solutions team. Millard will be based in EPIC’s Morristown, New Jersey, office and report …
20
06, 2016
U.S. Supreme Court Upholds Illinois Decision on $10.1 Tobacco Judgement
The U.S. Supreme Court on Monday left in place the top Illinois court’s ruling throwing out a huge $10.1 billion verdict against Philip Morris USA, rejecting an appeal focusing on accusations that a judge in the case was biased in …
17
06, 2016
13-Vehicle Pile Up, 1 Fatality in Texas Panhandle Dust Storm
Authorities say one traveler was killed and several were hurt in a 13-vehicle pileup during a dust storm in the Texas Panhandle. The Texas Department of Public Safety says the accident Wednesday night closed Interstate 40 near Conway, 30 miles …
20
06, 2016
San Francisco Fire Burns 6 Buildings, Displaces 40 People
A fire that burned six buildings and displaced 40 people on the edge of San Francisco’s Mission District has been contained. The fire broke out Saturday afternoon, sending thick, dark smoke into the air and forcing dozens of residents in …
17
06, 2016
More Women Sue Baylor University over Handling of Rape Allegations
Three more women filed a federal civil rights lawsuit against Baylor University on June 15, saying the school did nothing to help them after they reported being sexually assaulted on or near campus. The Baptist school in Waco, Texas, has …
20
06, 2016
Insurer to Pay $750K over Fatal Shooting in Texas County
A $750,000 settlement has been reached with relatives of an unarmed motorist fatally shot by an off-duty South Texas sheriff’s deputy. The family of Mathew Jackson has agreed to settle the civil lawsuit. The money will be paid by Bexar …