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

Georgia Recorded 17 Traffic Deaths Over Holiday Weekend

Georgia authorities say 17 people were killed in traffic wrecks across the state over the holiday weekend. The Department of Public Safety reported six traffic deaths during the same period last year. The Atlanta Journal-Constitution reported the fatalities started Saturday …

New Orleans Saints’ Workers’ Comp Bill Dies in Legislature

Louisiana state lawmakers are getting out of a dispute between New Orleans Saints owner Tom Benson and the NFL team’s players about how to handle workers’ compensation claims for professional athletes. Rep. Chris Broadwater, R-Hammond, said he’s shelving the workers’ …

North Carolina Start-Up’s Software Tracks Fraud in Packaging, Documents

By snapping a picture with his mobile phone, Hersh Tapadia demonstrated how an app developed by the Durham-based anti-counterfeiting technology company CertiRx Corp. could find fraudulent changes on a prescription drug label. Within minutes, Tapadia, who is CertiRx’s co-founder and …

New York Tornado Almost Hit Stored Fireworks

The tornado that touched down in rural eastern New York last week nearly caused a big bang. The owner of a fireworks business said the EF3-rated twister narrowly missed steel storage containers with thousands of pounds of explosives when it …

Oklahoma Insurance Department Returns $22.5M to State

The Oklahoma Insurance Department (OID) has been able to return $22.5 million in unspent funds to the state legislature to help fill holes in the state budget, the department announced. Insurance Commissioner John Doak said the department’s fiscal responsibility has …

Moving Jobs to Low Cost Cities Making AIG ‘Best’ in Efficiency: P/C CEO Hancock

American International Group Inc., the largest commercial insurer in the U.S. and Canada, is shifting workers to locations including the Philippines and Texas to reduce costs. “We’re talking several thousand jobs migrating to these centers,” Peter Hancock, chief executive officer …

Crash-Avoiding Automatic Brakes Becoming Standard Equipment: IIHS

Bayerische Motoren Werke AG (BMW) and Daimler AG are among automakers that are improving and speeding up their use of automatic brakes as part of efforts to reduce front-end crashes, a U.S. safety group said. The BMW 5-Series and Daimler’s …

Cotter to Head New Allied World Office in Sydney, Australia

Allied World Assurance Company Holdings, AG announced the opening of a new branch office of Allied World Assurance Company, Ltd in Sydney, Australia “to further expand distribution networks in the Asia Pacific region.” Allied World appointed William Cotter, Executive VP …

Shipping Firms Shy Away from Iran Despite Deal to Ease Sanctions

Global shipping lines are increasingly shying away from handling cargoes to Iran as restrictions on banking and insurance continue unabated, despite an interim agreement between Tehran and the West that called for limited sanctions relief. Iran in the past depended …

Willis Completes Acquisition of Specialist Broker Charles Monat

Willis Group Holdings plc announced that it has received the relevant regulatory approvals from the Monetary Authority of Singapore and has completed its acquisition of specialist broker Charles Monat Limited, a life insurance solutions provider to high net worth clients.Willis …