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

San Francisco’s Car-Sharing Taxi Services Flourish Despite Regulators

Two San Francisco-based car-sharing services, including one founded by Zynga Inc. director Sunil Paul, are operating in defiance of California authorities, highlighting how regulators are struggling with a wave of start-ups that encourage people to share everything from cars to …

Worker’s Injury Sheds Light on China’s Workers’ Comp System, Apple Contractor

Apple Inc.’s largest contract manufacturer has been pushing for a Chinese worker left brain-damaged in a factory accident to be removed from the hospital in a case that throws a harsh new spotlight on labor rights in China. Zhang Tingzhen, …

EU Insurers Strip Coverage from Tankers Storing Iranian Oil: Reuters

Two European insurers have withdrawn cover for tankers involved in the Iranian oil trade, the first such move since tough new sanctions were imposed in July, documents obtained by Reuters show. The tankers, operated by Hong Kong’s Titan Petrochemicals Group …

OneBeacon Launches Non-Admitted Lawyers E&O Product

OneBeacon Professional Insurance (OBPI), a member of OneBeacon Insurance Group, Ltd., has launched a new non-admitted lawyers’ professional liability product for law firms in certain areas of practice. “This new, non-admitted product gives brokers the flexibility to consider a wide …

Wal-Mart to Pay for Heart, Spine Surgery for Employees

Wal-Mart Stores Inc. is offering its U.S. employees and their families free heart and spine surgeries at six major health centers at no cost to the retailer’s workers, as it tries to find better ways to cover costly, complicated procedures. …

1-to-1:Insurance Volunteerism Effort Puts People Together

It takes just one person to make a difference for another person. While teams of dozens of employees at insurance firms are prepping for IICF Week of Giving 2012, so too are “teams” of just one individual. While the industry’s …

Attorney: Violent Weather Slamming Oklahoma Property Market

Property insurance claims in Oklahoma totaled $1.6 billion in 2011, according to one attorney familiar with the property insurance market in that state. Much of that was the result of catastrophic weather conditions that have slammed Oklahoma in recent years. …

N.J. Company Pleads Guilty to Theft of WC Insurance Premiums

New Jersey authorities announced that a Burlington County company has pleaded guilty for under-reporting the number of its employees and wages to evade the full payment of workers’ compensation insurance premiums.Techdan LLC pleaded guilty last month to second-degree theft by …

Ratings Recap: Lancashire (notes), Adamjee, Milli Re

A.M. Best Co. has assigned a debt rating of “bbb” to $130 million 5.70 percent senior unsecured fixed interest notes due in 2022 of the recently filed offering by Bermuda-based Lancashire Holdings Limited. The net proceeds from the debt issuance …

2012 Agency E&O Survey: Participate Now

Once again, Insurance Journal is polling its readers asking for their thoughts on today’s agency errors and omissions market. Don’t miss your chance to find out what’s been going on with insurance agents’ errors and E&O insurance. This annual survey …