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

22.8M New Yorkers’ Personal Records Exposed

Nearly 23 million private records of New Yorkers have been exposed in data security breaches reported by more than 3,000 businesses, nonprofits and governments over the past eight years, New York’s attorney general reported. Deliberate hacking was responsible for 40 …

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

Johns Hopkins Health System will pay $190 million to more than 8,000 women whose bodies may have been videotaped or photographed by a gynecologist using a pen-like camera during pelvic exams. Dr. Nikita Levy was fired in February 2013, days …

Mass. OKs Bill Tying Flood Insurance to Mortgage Balance

Massachusetts Gov. Deval Patrick on July 23 signed into law legislation that prohibits creditors from requiring residential property owners to buy flood insurance in an amount that exceeds the balance of their mortgage or the value of a home equity …

People – Midwest

Timothy L. Rauch Travis Schreiber Missouri-based Columbia Insurance Group (CIG) welcomed Kansas native Kelly Klug, as its new chief financial officer, senior vice president and treasurer. Klug has 30 years of experience as an insurance and financial services professional. He …

Trucking Company Owner Pleads Guilty in Missouri to Cargo Theft Scheme

A Memphis, Tenn., business owner has pleaded guilty in federal court to his role in a cargo theft scheme that included a theft in West Plains, Mo. Tammy Dickinson, U.S. Attorney for the Western District of Missouri, announced that Earl …

Wisconsin Man, Insurer Settle Over Wrongful Arson Conviction

A Friendship, Wis., man who spent almost three years in prison after being wrongfully convicted of arson has reached an undisclosed settlement with his insurance company. Joseph Awe was convicted of burning down a bar he co-owned with his wife …

Ohio Workers’ Comp Agency Settles Overcharges Lawsuit

The Ohio Bureau of Workers’ Compensation has reached an agreement in principle to settle the San Allen case, a class action lawsuit filed in 2007 against the BWC over the pricing of workers’ comp policies that were in place between …

Survey: Michigan Business Owners Optimistic About Future

Owners of Michigan’s small and medium-size businesses voiced their confidence in Michigan’s economic future in the latest Future Business Index, published in partnership with the Michigan Business Network and Lansing, Mich.-based Accident Fund Insurance Company of America, the insurer announced. …

Hartwig Turns Back King Hammurabi’s Playbook on Resilience

The U.S. government may be starting to embrace concepts that date back to Babylonian King Hammurabi’s reign 3,800 years ago. When President Barack Obama on July 16 issued climate change initiatives on guarding the electricity supply, improving flood planning, protecting …

Observations on TRIA

U.S. insurance markets, like the rest of the nation, were caught off guard by the Sept.11, 2001 terrorist attacks. Loss of life and property led to an estimated $32.5 billion dollars in insured losses – $43 billion in 2013 dollars …