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

Supreme Court Weighs Government Liability Under Credit Reporting Law

The U.S. Supreme Court on Tuesday considered whether the federal government could be liable for money damages by printing confidential credit card information on a customer’s receipt, increasing the risk of identity theft. A decision against the government could make …

Best Upgrades Hyundai Marine & Fire, China Sub’s Ratings

A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit rating (ICR) to “a” from “a-” of South Korea’s Hyundai Marine & Fire Insurance Co., Ltd (HMFI), as well as upgrading …

Probe into Fatal Hong Kong Ferry Collision May Take Six Months

Hong Kong authorities began inspecting the wreckage of a leisure boat on Wednesday amid questions over how a collision with a commuter ferry in relatively calm weather killed 38 people in one of the city’s worst accidents in recent decades. …

Lloyd’s Analyzes Repercussions of Thai Flood Losses a Year Later

Lloyd’s has published an analysis of the floods that hit Thailand in October 2011, which notes that “after weeks of slowly spreading their way through many of Thailand’s provinces, flood waters eventually reached the capital city, Bangkok. There they remained …

Equity Risk Partners Launches Defense, Government Contractor Practice Group

Equity Risk Partners, an insurance brokerage, employee benefits and risk management consulting firm, has launched a new practice group for defense, aerospace and government contractors. DefCon Risk Group will focus on helping these entities improve their total cost of risk …

HEMIC Names Welch CEO in Hawaii

Martin J. Welch was named chief executive officer and senior underwriting executive at Hawaii Employers’ Mutual Insurance Co. Welch was also named president of HEMIC Insurance Managers Inc., a HEMIC subsidiary. Welch has more than 30 years of workers’ compensation …

Rate Hikes Approved for Florida Citizens

The Florida Office of Insurance Regulation

The City of Northampton, Mass., Faces Steep Flood Control Bill

The city of Northampton, in Massachusetts, is facing an $800,000 bill to upgrade and maintain its storm water and flood control systems to comply with federal regulations. And that may just be the tip of the iceberg. City officials last …

A Look at Some New Laws Taking Effect in Maryland

Here is a glance at some of the new laws that went into effect in Maryland October 1: CHEMOTHERAPY PARITY Health insurance companies will have to level the playing field for out-of-pocket patient expenses for oral treatments to fight cancer …

AIG Unveils New ‘Refreshed’ Logo

American International Group today revealed what the company described as “a refreshed AIG logo,” featuring a modernized design and new color palate.The updated logo will begin appearing widely in the company’s advertising and marketing later this fall, according to the …