Monthly Archives: <span>April 2012</span>

Cybersecurity Disclosure Obligations Raise Insurance Coverage Questions

High-Profile Breaches Highlight Policy, Security Gaps High-profile data breach events have hastened focus on sensitive data and whether a comprehensive approach to protecting it is being used. The magnitude and impact of these breaches have intensified, garnering media attention and …

The Right Way

Recent studies show that as much as 75 percent a company’s value relates to its intangible assets, including its reputation. That’s part of the reason more and more executives are taking ethics seriously. That may be hard to believe given …

A Marriage of Modernity and Tradition

A milestone in the modernization of the London insurance market was reached on March 5, when the electronic processing of endorsements using ACORD data messages was extended to all classes of business. The endorsements initiative is part of a market-wide …

Federal Healthcare Law to Aid Black Lung Victims

Proposed changes to U.S. Department of Labor rules would make it easier for coal miners and their families to obtain black lung benefits, while a West Virginia congressman aims to reduce the amount of paperwork they have to fill out …

South Texas Storm Racks Up Millions in Claims

Hurricane force winds, heavy rains and baseball size hail struck the northern part of McAllen, Texas, on March 29 causing extensive damage to homes, cars and businesses. The damage is expected to be in the tens of millions of dollars …

Washington Mutual Sues Its D&O Insurers

Washington Mutual Inc. recently filed a lawsuit against a dozen insurance companies that had provided directors’ and officers’ coverage. The troubled bank holding company that just completed its Chapter 11 restructuring process says its insurers improperly denied D&O claims. Insurers …

Tennessee Warns on Certificates of Insurance

Authorities in Tennessee are warning agents that certificates of insurance must be consistent with the underlying policy or they risk being penalized under state law. The Tennessee Department of Commerce and Insurance recently issued a bulletin to clarify the use …

Making the Most out of Mentorships

It is no secret that the workforce demographic is changing, adding a host of new concerns for both employers and employees. As organizations examine their talent pipelines for incumbent leaders, workers struggle to stand out among their peers as the …

Business Moves – East

BB&T Corp., Crump Group BB&T Corp., a major regional bank and insurance broker based in Winston-Salem, N.C., completed its previously announced acquisition of insurance businesses from Crump Group, a Roseland, N.J.- based insurance wholesaler. BB&T said the deal creates the …

Court to Decide on Florida Medical Malpractice Caps

The fate of Florida’s caps on damages in medical malpractice cases now rests with the state’s high court after attorneys debated whether the caps are constitutional. The Florida Supreme Court recently heard oral arguments in a case (Evette McCall v. …