Monthly Archives: <span>September 2013</span>

Karen Clark & Co. Report Looks Back at New England Hurricane of 1938

Karen Clark & Company, independent experts in catastrophe risk, catastrophe models and catastrophe risk management, issued a report, in conjunction with the 75th anniversary of the Great New England Hurricane, examining the impact of a comparable storm making landfall today. …

Ryan Specialty Group Announces Merger of S.H. Smith & Co. Into R-T Specialty

Ryan Specialty Group LLC today announced that it reached agreement to merge S.H. Smith & Company Inc. into R-T Specialty LLC, the wholesale brokerage unit of Ryan Specialty Group. Terms of the transaction were not disclosed. S.H. Smith & Company …

2.7 Percent Workers’ Comp Hike Sought For Washington In 2014

The Department of Labor & Industries has proposed an average 2.7 percent rate increase for 2014 workers’ compensation premiums. Over the past two years, workers’ compensation surveys have shown an increase in rates nationally, however this will be L&I’s first …

Missouri Lawmakers Add Limits on Liability Lawsuits

Missouri lawmakers have chipped away at the ability of injury victims to win money in court cases – nixing big-dollar judgments in some lead poisoning and traffic accident cases, and shielding volunteer health care workers from all but the most …

Flooded N.J. Homeowners in Limbo Awaiting Buyout Offers

An appraiser sent by the state recently assessed the value of Bob and Pat Smith’s house, nearly a year after floodwaters from Superstorm Sandy reached midway up the living room walls. Like the 75 other homeowners living near the South …

Freedom Specialty Insurance Enters Surety Market, Hires Albanese as VP

Freedom Specialty, with the backing of Nationwide Insurance, has expanded into the surety segment and named Antonio C. Albanese vice president of the new product line. Albanese will be responsible for building and managing Freedom’s surety bond business in the …

Central California Hospital Fights Lawsuit Over Patient Death

A Clovis, Calif. hospital and doctor are defending themselves against a lawsuit filed by the family of a woman who bled to death after a common surgery. The family of 40-year-old Nicole Caruso filed the medical-malpractice suit after she died …

California Immigrants May Flag Status to Get Driver’s License

To get the driver’s licenses they’ve long sought, immigrants living in California illegally will have to do something many have long resisted: publicly identify themselves. The driver’s license bill that the Legislature passed on its final day requires a distinction …

New Mexico Cleans Up After Widespread Flooding

Flood waters broke through dams, inundated neighborhoods and killed at least one person, leaving New Mexico residents with a major cleanup effort. The massive flooding prompted Gov. Susana Martinez to issue a state of emergency, opening up recovery funding after …

Bill Would Create California Quake Warning System

The California Legislature has approved a bill that would require the development of an earthquake early-warning system similar to what exists in Japan, Mexico and other quake-prone countries. The bill was sent to Gov. Jerry Brown, who has until Oct. …