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

N.Y. Plastic Surgeon’s Insurer to Pay for $2.3M Settlement in Death Case

A plastic surgeon who has appeared on television to talk about the procedures she offers has settled with the family of a New York woman who died following a liposuction procedure. Legal documents filed last week say Dr. Sharon Giese …

Troubled Tower Cuts Ties with PwC; Fitch Withdraws Ratings

Tower Group International has fired PricewaterhouseCoopers as its accounting firm, six months after announcing it would restate previously filed financial statements for 2011 and 2012 due to “inadvertent mistakes.” The move comes in the wake of Tower’s disclosure late last …

Connecticut Residents Feeling Financial Strain as Flood Insurance Cost Rises

People living on Porter Avenue in Middlebury, Conn., face a threat that could put their homes underwater — but it’s not coming from nearby Long Swamp Brook. The rising cost of flood insurance is putting a financial strain on local …

Firefighters Gain Ground on San Diego Area Fires

As Firefighters gained ground overnight on a string of major wildfires in the San Diego area, nine fires in all were burning in more than 14 square miles, according to San Diego County officials. One fire in the city of …

Maryland Insurance Administration Names Director of Government Relations

The Maryland Insurance Administration (MIA) has promoted Nancy Egan to director of government relations.In her new role, Egan will be responsible for evaluating issues related to the regulation of insurance and the development of insurance markets. She will represent the …

How Technology Is Revolutionizing Insurance Distribution: Swiss Re

Technology is changing the way insurers and consumers interact and giving insurers access to considerable data so they can better understand their customers, says Swiss Re in its latest sigma study. The study concludes that technology will not replace all …

Florida Gov. Scott to Veto 75 mph Speed Limit Bill

Responding to pleas from highway troopers and the state’s sheriffs, Florida Gov. Rick Scott said Tuesday he will veto a bill that could increase the speed limit on Florida highways from 70 to 75 mph. Scott said that he has …

No Hurricanes to Hit Southeast This Year, Say Coastal Carolina Forecasters

Scientists at Coastal Carolina University expect no hurricane to make landfall on the East Coast or in the Gulf of Mexico this year. The forecast Tuesday anticipates a “below to near normal” hurricane season in 2014. Hurricane season begins June …

Marsh’s Gibbs Joins Cooper Gay Marine Division in London

Cooper Gay in London has appointed Charles Gibbs as managing director of marine, within the firm’s marine and aerospace division. Gibbs will have overall responsibility for the company’s marine hull business, leading Cooper Gay’s initiative to develop the marine retail …

Dogs Take Big Bite Out of Liability Insurance

Dog bites accounted for more than one-third of all homeowners insurance liability claim dollars paid out in 2013, costing more than $483 million, according to the Insurance Information Institute (III) and State Farm, the nation’s largest writer of homeowners insurance. …