May 16, 2011
Sony’s Security “When I hear Sony talking about deploying [automated software monitoring and configuration management] software in reaction to the [data] breach, what I wonder is, ‘Why didn’t they have this on their systems before?’ It raises a lot of …
May 16, 2011
“The impact of the medical loss ratio has been dramatic on the agents and brokers in this country and it was dramatic immediately.” That’s a quote from Beth Ashmore, an independent insurance agency owner from Lubbock, Texas, and a health …
May 16, 2011
A New York construction company owner faces jail time for a strange workers’ comp fraud scheme: He transposed his name on the application and lied to an insurer about previously cancelled coverage. Ondrej Marga, 43, of Mahopac, claimed in an …
May 16, 2011
A Florida judge has ruled that a homeowners’ policy covers damage from tainted Chinese drywall. Hillsborough County Circuit Judge Robert Foster said he found no exclusion in the Teachers Insurance Co. policy that keeps the company from paying to fix …
May 16, 2011
A Massachusetts judge has approved a $7 million settlement for a Shrewsbury family who claimed medical negligence in the birth of their daughter. The lawsuit filed in 2008 lawsuit against two doctors, a nurse practitioner and a genetic counselor alleged …
May 16, 2011
Given the recent flooding, hurricanes and earthquakes, it appears the number of catastrophic events that inflict mass casualties and severe economic losses has increased – so much so that Dr. Erwann Michel-Kerjan, managing director of the Wharton Risk Management and …
May 16, 2011
Pennsylvania-based Saucon Mutual Insurance Co. has named Sean P. Murray as president and CEO. Murray is a 20-year insurance industry veteran. He most recently served as president of Conor-Patrick Insurance Services, an Indiana-based retail insurance agency. Prior to creating and …
May 16, 2011
Pennsylvania House lawmakers have approved new legislation that would allow insurers to write workers’ comp coverage to owners and principals of businesses. Agents in the state had sought the change to correct a potential gap in coverage – particularly for …
May 16, 2011
BIA, Iroquois Business Insurance Associates (BIA) of Davidsonville, Md., has joined The Iroquois Group. BIA started in 2000 as an employee benefits agency. Agency Principal Ed Coogan expanded the agency into property and casualty insurance. PMA PMA Companies, a Pennsylvania-based …
May 16, 2011
New York’s Senate Republicans promise to push legislation that would allow police to stop and ticket motorists for texting while driving. Using a portable electronic device while at the wheel of a moving vehicle in New York is currently a …