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12, 2015
Qatar Re Granted License by Dubai Financial Services Authority
Qatar Reinsurance Company Limited (Qatar Re) announced that the Dubai Financial Services Authority (DFSA) has granted the firm a license to operate in and from the Dubai International Financial Centre (DIFC), which became effective as of 22 November 2015. “The …
15
12, 2015
Ohio’s Ride-Hailing Bill Awaits Governor’s Signature
Ohio’s Transportation Network Company (TNC) bill, Sub. HB 237, is headed to Gov. John Kasich for his signature, according to the Ohio Insurance Institute. The insurance industry trade group has sent a letter to the governor in support of the …
16
12, 2015
Typhoon Melor Hits Philippines with Fierce Winds and Flooding: AIR
A report from catastrophe modeling firm AIR Worldwide, describes Super Typhoon Melor, known locally as Nona, as having struck the Philippines on Monday, December 14, 2015, at around 3:00 UTC (11:00 a.m. local time) near Batag, Laoang, in the eastern …
14
12, 2015
Widow Former Toledo Mayor of Sues for Workers’ Comp Benefits
The widow of a former Toledo, Ohio, mayor has filed a workers’ compensation suit saying he suffered an injury while working. Former Mayor D. Michael Collins suffered cardiac arrest while driving home from a press conference in February during a …
16
12, 2015
Allied World Launches Global Crisis Management Division
Allied World Assurance Company Holdings, AG announced the launch of “a new Global Crisis Management Division, which is comprised of Structured Trade Credit, Political Risk, Multi-Buyer Trade Credit & Product Recall, which will operate under the leadership of Todd Germano, …
14
12, 2015
Wisconsin Gun Shop to Pay Officers $1M in Lawsuit Settlement
A Wisconsin gun shop will pay $1 million to settle a lawsuit in which a jury found it negligently sold a gun used to injure two Milwaukee police officers, the store’s attorney said. The settlement eliminates what was expected to …
16
12, 2015
EU Adopts New, Tougher Rules for Tracking Jetliners
The European Union on Wednesday adopted new rules to make it easier to track jetliners, stepping up international efforts to prevent a repeat of the disappearance of a Malaysia Airlines jet with 239 people on board. The move is the …
14
12, 2015
Michigan Bill Takes Aim at ‘Bad Sidewalk’ Suits Against Cities
Legislation advancing in Michigan’s Legislature is aimed at further shielding municipalities from lawsuits filed by people who trip and fall on sidewalks. The legislation, approved 55-51 by the House last week, lets cities defend themselves by saying a sidewalk defect …
15
12, 2015
Arthur J. Gallagher Acquires Centennial Insurance Agency in Colorado
Arthur J. Gallagher & Co. has acquired Centennial Insurance Agency LLC based in Pueblo, Colo. Terms of the deal were not disclosed. Mark Swanson, David Swanson, Doug Helzer, Tom Ratzlaff and their team will continue to operate in their current Colorado and New Mexico locations under the direction of James G. McFarlane, …
14
12, 2015
No Depreciation of Labor in ACV Claim, Arkansas High Court Says
An insurer can’t depreciate labor in calculating the actual cash value (ACV) of an insured property in the event of a covered loss, Arkansas high court justices have determined. In an opinion delivered on Dec. 10, 2015, the Arkansas Supreme …