Monthly Archives: <span>January 2014</span>

Reinsurance Costs Helping to Lower Florida Homeowners Rates: OIR Report

Florida’s top insurance regulator says that state residents are starting to benefit from a more competitive homeowners market as rates have started to trend downward due in part to the reduction in reinsurance costs. Florida Insurance Commissioner Kevin McCarty released …

Police on Night Shift More Likely to Suffer Long-Term Injuries

Police officers working the night shift are significantly more likely to suffer long-term on-the-job injuries than officers on day and afternoon shifts, according to new research conducted at the University at Buffalo. The study found that, independent of age and …

South Carolina Neighbors Sue Plant, Claim Pollution Caused Cancer

A Spartanburg, South Carolina neighborhood is suing a chemical plant, saying pollution has caused dozens of cancer cases. The lawsuit filed last week in federal court accuses a Hoechst Celanese polyester manufacturing plant of polluting groundwater and streams around the …

West Virginia Eyes Relief for Businesses Hurt by Spill

The West Virginia Legislature is fast-tracking a proposal to help small businesses affected by disasters like last week’s chemical spill. The House of Delegates last Thursday unanimously passed a bill to give the governor leeway to assist businesses during emergencies. …

Endava Appoints Fegan to Lead its Insurance Division

International IT services company Endava has appointed experienced London market practitioner Kelly Fegan to lead the company’s insurance team with responsibility for ensuring the successful delivery of its solutions to existing customers as well as expanding Endava’s footprint in the …

Magnitude 6.2 Quake Strikes New Zealand’s North Island: AIR Analysis

Catastrophe modeling firm AIR Worldwide, reported: “At 9:52 p.m. Eastern Time, on January 19 (3:52 p.m., local time, January 20), a magnitude 6.2 earthquake struck New Zealand’s North Island. The epicenter was located 111 km (69 miles) northeast of Wellington, …

Somali Pirates Driven Off in First Attack of 2014

A bulletin from Dryad Maritime Intelligence confirms the first piracy attack of 2014, which it described as “audacious and determined,” although it was ultimately unsuccessful. The attack was launched by Somali pirates south of Salalah in the late hours on …

Hoboken, N.J., Mayor Meets With Feds Over Claim Against Gov. Christie

The Democratic mayor of a New Jersey town severely flooded by Superstorm Sandy said Sunday, Jan. 19, that she was told an ultimatum tying recovery funds to her support for a prime real estate project came directly from Republican Gov. …

New York’s AG Forms New Bureau to Fight Complex Financial Crimes

New York Attorney General Eric Schneiderman expanded an existing criminal bureau to include a focus on financial wrongdoing two years after Governor Andrew Cuomo created a regulator with a similar mandate. Gary Fishman, 44, a former state prosecutor in the …

Mass. Sen. Warren Launches Statewide Tour, Discusses Flood Insurance

U.S. Sen. Elizabeth Warren, D-Mass., is scheduled to participate in events across Massachusetts next week to discuss her agenda for the year and the importance of making investments that help build a strong middle class. The Democrat’s “Priorities for the …