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

Kentucky Forms Financial Cybercrime Prevention Task Force

The Kentucky Department of Financial Institutions has created a task force aimed at preventing financial cybercrime. “The task force will help prevent cyberattacks from undermining the future integrity of the Kentucky financial system,” said DFI Deputy Commissioner Sarah Butler. “Besides …

Insurance Journal Co-Sponsors Agency Research Project

Channel Harvest Research, in partnership with Insurance Journal, has launched a new study of the independent agency system, probing agents’ attitudes toward insurance carrier relationships and, in particular, the companies they represent. The research, dubbed “Leaving Independent Agents to Their …

North Carolina Hearing on Homeowners Increase Set for August

North Carolina Insurance Commissioner Wayne Goodwin has scheduled a hearing on August 6 in Raleigh on the insurers’ request to raise homeowners insurance rates an average of 25.3 percent. Goodwin said the proposed rates appear to the Department of Insurance …

Advice on Ukraine Situation from Willis’ Special Contingency Risks

Although a deal has been signed to end the crisis in Ukraine after a night of tense talks between President Yanukovych, European ministers and members of the opposition movement, it might not be enough to end the violence in the …

Southern California Edison Sued Over $140,000 Pot Power Bill

Two women are suing Southern California Edison, claiming their electricity was cut off for refusing to pay a nearly $140,000 bill racked up by a marijuana grower. City News Service says the suit, filed Wednesday in Los Angeles, alleges breach …

Mother Sues Over Son’s Allergy Death In Washington Jail

The mother of a 22-year-old man with severe food allergies who died at the Snohomish County Jail in Washington in 2012 has sued Snohomish County. The lawsuit Rose Saffioti filed Wednesday lists as defendants the county, a corrections officer and …

Medical Device Maker In Western U.S. Settles Lawsuit

A medical-device manufacturer with offices in California and Washington has agreed to pay the federal government up to $5.25 million to resolve allegations that it encouraged doctors to over-charge federal health-care programs for a procedure using their device, the U.S. …

Parents Of Southern California Pedestrian File Wrongful Death Suit

A wrongful death lawsuit has been filed by the parents of an Orange County software developer who was killed in a crosswalk last year after being struck by a vehicle fleeing police. The Orange County Register reported the civil action …

Federal Reserve Releases Transcripts of 2008 Financial Crisis Meetings

The board of governors of the Federal Reserve System has released transcripts, presentations and other historical materials from the Federal Open Market Committee meetings of 2008 that took place during the financial crisis. The transcripts may be found

How ACA Healthcare Law Could Affect P/C Insurance Costs and Claims

The property/casualty insurance industry is likely to face cost shifting by hospitals, physicians and other medical providers due to the Patient Protection and Affordable Care Act (ACA), according to an insurance industry white paper. In addition, property/casualty insurers may potentially …