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

Ex-Dewey Law Firm Partners Agree to Pay $50 Million Toward Settlement

Former partners of the defunct law firm Dewey & LeBoeuf agreed on Thursday to pay at least $50 million toward a settlement agreement, the minimum amount the firm’s advisers had been seeking in order to submit the proposal to bankruptcy …

Auto Insurance Driver Tracking Hits Privacy Wall in California

California is turning into a battleground for technology that allows auto insurers to track their customers’ driving behavior and offer them lower premiums, but that privacy advocates reject as an excessive intrusion with serious consequences. Insurance companies are increasingly installing …

O’Halloran Steps Down as QBE Group CEO; Neal to Replace Him

On the same day that it released its first half year earnings report for 2012, Australia’s QBE Group announced the departure of long-time Group CEO Frank O’Halloran, who has stepped down from the position as of today August 17, 2012. …

Climate Change Poses Risks to Food Supplies Beyond U.S. Drought

Downpours and heat waves caused by climate change could disrupt food supplies from the fields to the supermarkets, raising the risk of more price spikes such as this year’s leap triggered by drought in the United States. Food security experts …

Goofy Gordon Going Wrong Way; Storm Heads for Europe

The most recent bulletin from the National Hurricane Center in Miami focuses on highly unusual Tropical Storm Gordon. It’s not unusual as a tropical storm, except for one detail – Gordon is heading directly east towards Spain and Portugal, rather …

Earnings Report: QBE Group

Selected earnings highlights in US dollars from Australia’s QBE Group for the first six months of 2012 are as follows: 1st Half 2012 1st Half 2011 Gross premiums written ———— $9.233 bn $8.942 bn Net premiums earned ————— $7.359 bn …

Ex-Nebraska Beauty Queen Sues Over Bull Accident

A former beauty queen in western Nebraska is suing Scotts Bluff County officials over injuries she suffered when a bull charged her at the 2010 county fair. The Scottsbluff Star-Herald reports that Jessica Littlejohn and her father William Littlejohn filed …

Recovering from a Wildfire Catastrophe

Gary Sweeny still gets choked up when thinking of all of his family and friends who helped him recover from the Bastrop, Texas, wildfire that destroyed his home of 35 years. The retired school teacher and his wife who still …

Wildfires: Sage Grouse Habitat Loss Could Impact Nevada Insureds

If you’re a business in Nevada, it may not be immediately clear why you should be concered with the state’s nearly dozen wildfires that are consuming almost 600,000 acres and destroying sage grouse habitat. But the fires, which have so …

Workers’ Comp Reform Could Impact WCIRB’s 12.6% Pure Premium

The Workers’ Compensation Rating Bureau’s Governing Committee has unanimously voted to authorize the WCIRB to make a Jan.1, 2013 filing recommending an average advisory pure premium rate that is 12.6 percent above the $2.38 average industry filed pure premium rate …