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

Archdiocese in Oregon Faces New Sex Abuse Lawsuit

Another lawsuit has been filed against the Catholic Archdiocese of Portland by a man who says he was one of dozens of boys sexually abused by a priest in the 1960s and 1970s. In the lawsuit filed Tuesday in federal …

Arizona Senate Takes Side of Uber, Lyft Ridesharing Services

Calling Uber a cutting-edge concept, the Arizona Senate approved a bill that exempts it and other rideshare companies from the same regulations that traditional taxi and limo companies have. The amended bill exempts rideshare companies from the commercial insurance requirement …

FedEx Sued in Fiery Northern California Bus Crash

The mother of a 17-year-old honors student who was among 10 people killed in a fiery Northern California bus crash sued FedEx on Tuesday, alleging that its trucks have a history of catching fire. The negligence suit that seeks $100 …

Data Breach at Iowa State Could Affect Thousands

The Social Security numbers of nearly 30,000 people who enrolled at Iowa State University over a 17-year period were exposed in a data breach, school officials announced. Five information technology servers on the Ames campus were hacked, and those servers …

Eastern Insurance Acquires Smith Buckley & Hunt in Massachusetts

Eastern Insurance Group has acquired Smith Buckley & Hunt, an insurance agency based in Brockton, Mass. Smith Buckley & Hunt was founded in 1875 and the Smith Family has owned the agency since 1922. The principals of the agency are …

Owner Sues Welding Firm Over Deadly Boston Brownstone Blaze

The owner of a brownstone where two firefighters were killed in a wind-fueled fire has filed a civil lawsuit alleging negligence by welders working next door. The Boston Herald reported that the lawsuit was filed this month by the owner …

Carter Named President of Berkley Program Specialists, Succeeding Diem

W. R. Berkley Corp. has named Wayne H. Carter, III as president of Berkley Program Specialists. Carter succeeds John Diem, who is retiring. Based in Naperville, Illinois, Berkley Program Specialists is a program management company offering both admitted and non-admitted …

Everest Re Posts $293.9 Million Q1 Net Income

The Bermuda-based Everest Re Group, Ltd. reported net income of $293.9 million, or $6.21 per diluted common share, for the first quarter of 2014, compared to net income of $384.3 million, or $7.50 per diluted common share, for the first …

Customers Switching Auto Insurers Unhappy with New Prices: J.D. Power

Customers who switch auto insurance carriers due to poor service often end up sorry they did because they end up paying more with their new insurer, according to the latest J.D. Power 2014 U.S. Insurance Shopping Study. While a poor …

Aspen Reports $120.4 Million Q1 2014 Net Income

Bermuda-based Aspen Insurance Holdings Limited reported net income after tax of $120.4 million, or $1.66 diluted net income per share, for the quarter ended March 31, 2014. Operating highlights for the quarter ended March 31, 2014 were listed as follows: …