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

DWC OKs Carve-Out Covering 22K Southern California Workers

The Division of Workers’ Compensation announced a carve-out agreement between seven Southern California United Food and Commercial Workers (UFCW) local unions, Vons and Super A Foods. The agreement covers an estimated 20,000 workers in the region. These workers increase the …

Usage-Based Auto Insurance on Road to Becoming Standard Offering

Technology is spurring innovation and altering risk scenarios throughout the economy including in auto insurance. While advanced auto safety features, the shared economy and driverless cars promise to reshape auto insurance down the road, usage-based insurance (UBI) powered by telematics …

1 Year After Superstorm Sandy: Quick Economic Facts

Superstorm Sandy made landfall as a post-tropical cyclone on the U.S. East Coast October 29, 2012 after cutting a destructive path through the Bahamas, Cuba, the Dominican Republic, Haiti, Jamaica and Puerto Rico. Sandy is the deadliest windstorm to have …

CGSC appoints Martin Sullivan as Non-Exec Chairman of US operations Cooper Gay Swett & Crawford (CGSC), the global wholesale and reinsurance brokerage group, has appointed Martin Sullivan as Non-Executive Chairman of CGSC Delaware, the main board for the Group’s North …

CGSC Names AIG Ex-CEO Sullivan as Non-Executive Chairman for U.S.

Cooper Gay Swett & Crawford (CGSC), a global wholesale and reinsurance broking group, has appointed Martin Sullivan as non-executive chairman of CGSC Delaware, the main board for the group’s North American operations. Sullivan was previously president and CEO of AIG …

West Virginia Investigating House, Creek Damage from Fracking Spills

State regulators are investigating spills from a drilling operation in West Virginia’s Ohio County that damaged a house and entered a creek. More than 6,000 gallons of water and a non-toxic clay mixture called drilling mud from a MarkWest operation …

Medical Bills Pile Up for Tennessee Meningitis Victim

More than a year after a routine steroid injection turned into a painful fungal infection that nearly killed her, Marjorie Norwood is still suffering physically and emotionally. She also carries a huge stress: the hospital that houses the clinic where …

Justice Department Wielding FIRREA in Financial Fraud Cases

The U.S. Department of Justice appeared to have struck gold last week with the law it wielded against one of the nation’s largest banks over conduct that fueled the financial crisis. To convince a jury that Bank of America engaged …

Hartford Profit Up As Focus Shifts to P/C Insurance

Hartford Financial Services Group Inc.’s profit surged as the insurer focused on property/casualty coverage after divesting life and annuity units. The company gained in extended trading. Third-quarter net income advanced to $293 million, or 60 cents a share, from $13 …

Europe Battered by Winter Storm Christian: AIR Worldwide Analysis

Catastrophe modeling firm AIR Worldwide reported that “winter storm ‘Christian’ (known as ‘St. Jude in the United Kingdom) battered the western shores of southern Great Britain early on Monday, October 28, 2013, as one of the strongest extra tropical cyclones …