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

EPIC Names Dunn VP of Workers’ Comp Claims in Central California

Edgewood Partners Insurance Center named Joe Dunn vice president of workers’ compensation claims in its Fresno, Calif. office. Dunn will be responsible for workers’ comp claims advocacy, and he will work with EPIC’s Central Valley clients to manage and reduce …

California City Seeks to Cut Asthma Rate via ‘Social Impact’ Bond Issue

The city of Fresno, Calif., will be the first municipality in the United States to see whether “social impact bonds,” an innovative security that promotes a societal benefit, can be used to tackle a major healthcare problem like asthma. Fresno …

Lawsuit Targets Assets of Officers of Pharmacy Tied to Meningitis Outbreak

The officers behind New England Compounding Center have been targeted in a lawsuit that seeks to freeze their personal assets, the latest fallout for the pharmacy linked to the deadly meningitis outbreak. Peter McGrath, a former federal prosecutor, said he …

Mississippi High Court to Hear Texaco Appeal Over Gas Tank Fumes

The Mississippi Supreme Court is scheduled to hear oral arguments on Dec. 3 in Texaco’s appeal of a $19 million verdict for five women who alleged the oil company was responsible for their children born with disabilities and illnesses. A …

Travelers Will Continue to Seek Improved Pricing: CEO Fishman

The Travelers Companies Inc. said its Business Insurance segment pricing continued to rise in the third quarter — led by workers’ compensation and commercial auto. Rates also continued to climb in the Personal Lines segment. CEO Jay Fishman commented during …

Swiss Re Names Fürer, Dacey to Group Executive Committee

Swiss Re has appointed Guido Fürer, currently head of the chief investment office, group chief investment officer and member of the Group executive committee. He succeeds David Blumer who is leaving the company. Additionally, John R. Dacey, head of group …

Hong Kong’s Li Returns to Insurance with $2.1 Billion ING Deal

Hong Kong businessman Richard Li, the younger son of Asia’s richest man, is buying ING’s Hong Kong, Macau and Thailand insurance units for $2.14 billion in cash, bringing the Dutch financial services company a step closer to paying off its …

Supreme Court Hears West Virginia Mine Widows’ Plea

Federal inspectors must share the blame — and therefore face a lawsuit — for a 2006 West Virginia coal mine fire that killed two miners, a lawyer for their widows argued at the state Supreme Court on Wednesday. Lawyer Bruce …

U.S. Weather Forecast: Winter to Continue Hot Weather Trend

After a hot spring and a scorching summer, this winter is likely to continue a U.S. warming trend that could make 2012 the hottest year since modern record-keeping began, U.S. weather experts said Thursday. Drought that ravaged much of the …

Trial Underway for 4 Accused of Sinking Oil Tanker, Polluting Spain Coast

Four people went on trial this week for their role in the sinking of an oil tanker in Spain’s northwestern coast in 2002, triggering one of Europe’s biggest environmental catastrophes. The defendants include the ship’s Greek captain Apostolos Mangouras, 77, …