Yearly Archives: <span>2013</span>

All Risks Launches Down Hole Tool for South Central Onshore Oil, Gas Industry

The South Central offices of All Risks, Ltd. have designed a “down hole specialty rental tool” insurance product for Lost In Hole (LIH). This coverage is available to oil & gas drillers and operators as well as rental tool companies. …

Oklahoma Supreme Court Sets Arguments in Workers’ Comp Law Case

The Oklahoma Supreme Court has scheduled oral arguments in a lawsuit that challenges the constitutionality of Oklahoma’s new workers’ compensation law. The high court scheduled arguments for 9 a.m. Dec. 10 in the lawsuit filed by state Sen. Harry Coates …

Insurance Chief Asks FEMA to Waive Flood Coverage Rule for U Iowa

Iowa’s top insurance regulator is backing the University of Iowa in a dispute with the federal government over how much insurance the campus must carry after rebuilding from the 2008 flood. Insurance Commissioner Nick Gerhart has asked the Federal Emergency …

N.J. Legislative Proposal Could Ban Snacking, Smoking Behind the Wheel

Drivers in New Jersey could possibly be pulled over for snacking, smoking or putting on make-up behind the wheel under a bill that has been advanced in the state Assembly. The proposed law would fine drivers found to “engage in …

New York Insurance Association Elects Officers, Board Directors

The New York Insurance Association (NYIA) recently elected its 2014 officers and board of directors at the association’s annual meeting. The following officers were elected for a one-year term ending Dec. 31, 2014: • Chair: Bernard Turi, senior vice president, …

European Central Bank Reports Rise in Financial Stability Risk

The European Central Bank said the risk to financial stability from global market turbulence has increased in the past six months, even as measures of systemic stress have declined. The market turmoil earlier this year amid changing expectations of U.S. …

Burand’s Agency E&O Blog: Tip #51

State Guaranty Funds. Many agency owners, producers, and CSRs believe state guaranty funds provide blank insolvency protection for any client insured by an admitted carrier. This is not true. Many state’s guaranty funds are limited to insureds of a certain …

Connecticut Health Department Offers Holiday Food Safety Tips

The Connecticut Department of Public Health is reminding people to be careful preparing food for the holidays so they don’t get sick. Tracey Weeks is coordinator of the department’s food protection program. She says one in six Americans will get …

Black Southern California Firefighter Awarded $1.1M In Bias Suit

Six years after losing in his first trial, a black Los Angeles firefighter was awarded $1.1 million Monday by a jury that found he suffered discrimination during his nearly three-decade career. After 16 days of deliberations and a seven-week trial, …

Judge Orders Sriracha Plant to Partially Shut Down

A judge ruled Tuesday that the factory that manufactures of the trendy and very delicious Sriracha hot sauce must partially shut down after neighbors complained of the spicy smells it was producing. Judge Robert H. O’Brien found in favor of …