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

Court Rules Against Obamacare Subsidies for Federal Exchange Insureds

President Barack Obama’s healthcare overhaul suffered a potentially crippling blow as a U.S. appeals court ruled the government can’t give financial assistance to anyone buying coverage on the insurance marketplace run by federal authorities. The decision, if it withstands appeals, …

Train Crash in Wisconsin Injures 2, Spills Oil

A Canadian National Railway Co. train struck another freight train as it rolled through a small village in Wisconsin, causing cars to derail, injuring two people and spilling thousands of gallons of diesel oil that prompted the evacuation of dozens …

Improvements to Lafourche, Louisiana Levee System Underway

The South Lafourche Levee District in Louisiana plans to finish raising the levees protecting Larose to Golden Meadow in the coming year. The district began raising the system’s levees to 16 feet in the more vulnerable southern sections and 13 …

CGS&C’s New MGA Targets U.S. Healthcare Industry with Lloyd’s

Wholesale insurance broker Cooper Gay Swett & Crawford (CGSC) has launched an underwriting management agency specializing in the healthcare industry. The new venture, Pro-Praxis Insurance, will be led by Robert Allen who has 25 years of experience in the industry, …

Hanover Offers Insurance Advice for Parents Sending Kids to College

The Hanover Insurance Group advises that as new high school graduates get ready to head off to college, parents would be wise to prepare for potential risks and liabilities, and to consider the insurance implications. “Be proud of your child’s …

After Ordeal, N.J. Legislator Pushes for Video Cameras in New Police Cars

For New Jersey Assemblyman Paul Moriarty, putting video cameras in new police cars became personal two years ago when he was arrested for drunken driving and video from a camera mounted on a cruiser helped get the charges dropped and …

Will BNP Deal Expand Whistleblower Protections in Banking, Insurance?

BNP Paribas SA’s $9 billion settlement with U.S. authorities, aided by internal whistleblowers, has spurred calls for federal banking regulators to protect and reward individuals who report wrongdoing by banks. The U.S. Securities and Exchange Commission has scored big enforcement …

Johns Hopkins Health System to Pay $190M to Settle Hidden Camera Lawsuit

Johns Hopkins Health System will pay $190 million to settle a lawsuit on behalf of at least 8,500 women whose pelvic exams were secretly recorded by a gynecologist who later committed suicide. The Baltimore hospital said the settlement will be …

XL Group Launches Cyber Liability Coverage in Brazil

After last month’s launch of its cyber liability including professional indemnity coverage for technology companies, XL Group has announced “the launch of a second, more general cyber risks insurance solution serving mid- and large-sized companies across a broad range of …

NHC Tracking Tropical Depression Two

The National Hurricane Center in Miami is tracking a low intensity disturbance in the Atlantic, topical depression two. It is currently about 1025 miles (1645 km) east of the Lesser Antilles with maximum sustained winds of 35 mph (55 km/h), …