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

Viacom Settles $1B Copyright Suit Against Google Over YouTube Videos

Google Inc. and Viacom Inc. settled Viacom’s $1 billion lawsuit claiming YouTube violated copyrights by letting users post video clips from television shows without authorization after a federal judge twice threw out the allegations. Terms of the settlement were not …

How Local Bank Failures Crippled Georgia Economy

Georgia homebuilder Blankenship Homes lost its source of loans for new construction after four local community banks failed since 2009. “The economy just shut down,” said owner Johnny Blankenship, 54, a builder for more than 30 years in Douglasville, 20 …

Ford, Chamber Seek Trial Transcripts in Garlock Asbestos Recovery

Ford Motor Co. joined the U.S. Chamber of Commerce in seeking transcripts of a trial in which a bankruptcy judge ruled the “impropriety of some law firms” representing asbestos personal-injury plaintiffs led to “unfairly inflating recoveries against” Garlock Sealing Technologies …

China’s Ping An Teams up with Travel Site to Sell Smog Insurance

Ping An Insurance Group Co., China’s second-biggest insurer, is collaborating with Ctrip.com International Ltd. to sell smog insurance to tourists traveling to Beijing and six other Chinese cities. Travelers in Beijing can get a daily payout of 50 yuan ($8) …

ING to End Majority Stake in U.S. Business in $1.2 Billion Sale

ING Groep NV, the biggest Dutch financial-services company, will end its majority stake in its U.S. insurance unit with another share sale as it winds down ownership of the business. The parent plans to sell 26.5 million shares of ING …

ACE Adds Crisis Management Services to European Environmental Risks Coverage

ACE announced from London that it has “expanded its environmental risk insurance proposition to add crisis management cover, as part of its strategy to support the evolving environmental cover needs of companies in Europe.” The proposition “now covers the costs …

JLT Towers Re Launches Expanded Bermuda Operation

JLT Towers Re has announced the launch of its newly combined operations in Bermuda. “JLT Towers Re Bermuda has been created through the merger of the businesses formerly known as JLT Re, Bermuda and Towers Watson Re, Bermuda following JLT …

Act ‘Quickly and Appropriately’ to Protect Brands: Lloyd’s/Airmic Advise

Companies should be aware of how best to protect their brands after an incident. “The key to remaining resilient and keeping brands and reputations intact is responding quickly and appropriately,” Lloyd’s said, citing a recent report from Airmic, the UK’s …

National ConnectForce Claims Announces Integration of Google Glass in Property Claims Inspections

Alpharetta, GA, 03/19/2014 – National ConnectForce Claims (NCC), a leader in the claims adjusting industry, has begun a pilot evaluation using Google Glass as a way to provide realtime feedback from field adjusters. Google Glass is a wearable computer technology, …

Small Workers’ Comp Carrier Exits California

Public Service Mutual Insurance Co.’s exit from California’s workers’ compensation market isn’t a reflection of the health of the state’s workers’ comp system, according to the California Department of Insurance. The workers’ comp carrier is part of the Magna Carta …