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

Higginbotham and Odessa, Texas-Based Edgmon Insurance Agency Merge

Independent insurance brokers Higginbotham, based in Fort Worth, and Edgmon Insurance Agency, headquartered in Odessa, Texas, have merged their operations. Edgmon Insurance is a family-owned agency going on its third generation. Founded in 1986 by Pauline Appel, the agency was …

Wisconsin Senate Passes Bill to Delay Asbestos Lawsuits

A bill that Democratic opponents say would slow asbestos-exposure lawsuits has cleared the Wisconsin state Senate. The measure passed would require plaintiffs to reveal how many businesses their attorneys plan to go after. Trials could not start until six months …

Expert: Louisiana Sinkhole Still Growing but Shows Signs of Stabilizing

A leading scientist studying the Bayou Corne-area sinkhole in Louisiana that emerged in an Assumption Parish swamp 18 months ago says the hole has shown signs of stabilizing. The Advocate reports a CB&I hydrogeologist working for the Louisiana Department of …

N.J. Senator Urges Officials to Speed Up Sandy Rebuilding Aid Distribution

Government officials must speed the way home rebuilding aid is getting to thousands of New Jersey victims of Superstorm Sandy, which can be done in part by revamping a burdensome application process, a senator from the storm-battered state said Wednesday. …

Florida Supreme Court Throws Out Medical Damages Caps Law

The Florida Supreme Court has ruled that the state’s caps on noneconomic damages in medical malpractice wrongful death cases violate the state Constitution’s equal protection clause. The 5-2 opinion held that the way the caps reduce damages “is not only …

Uber Announces New Policy to Cover Gap

Ridesharing company Uber on Friday said it has new insurance to cover a gap between personal and commercial policies when drivers are using the app-based ridesharing service, while the company’s CEO said the San Franciscso-based firm is also working with …

P/C Reinsurance Market Softer Due to Alternative Capital: Execs

A new survey from Towers Watson confirms that more than half (55 percent) of property/casualty insurance chief financial officers believe the property reinsurance market is softer than the primary market, while about one-third (34 percent) deem that the same is …

Kinetic Insurance Brokers to Provide New Surety Bond Facility for UK, EU

Lloyd’s broker, Kinetic Insurance Brokers Limited announced that it has “entered into a multi-million pound underwriting agreement with Gable Insurance AG to underwrite Specialist Commercial Surety Bonds within the UK and EU markets.” The bulletin explained that this is a …

777 Mystery Sharpens Hunt for ‘Black-box’ Alternatives: Aviation Expert

The search for the missing Malaysian jet could speed development of new ways of locating wreckage, but such technology is unlikely to replace the traditional “black box” any time soon, France’s top crash investigator said on Wednesday. Mystery over the …

Investigators Focus on ‘Deliberate Diversion’ of Missing Plane – Sources

An investigation into the disappearance of a Malaysia Airlines jetliner is focusing more on a suspicion the flight was deliberately diverted, as evidence suggests it was last headed out over the Andaman Islands, sources familiar with the Malaysian probe said. …