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

HealthCare.gov Website Warned of Security, Privacy Risks

HealthCare.gov, President Barack Obama’s health insurance exchange, has security and privacy protection vulnerabilities, a U.S. government watchdog reported on Tuesday, nearly a year after the website’s troubled rollout. The General Accounting Office (GAO) said that despite steps taken by the …

Cleaning Up China’s Contaminated Soil: Who Pays?

Nearly four years after a massive state-run steel mill on the outskirts of Beijing was closed to help cut smog in the Chinese capital, little has been done to clean up the contaminated site. The factory’s idled chimneys dominate a …

House Passes Measure to Ease Insurance Capital Standards Under Dodd-Frank

The Federal Reserve would get more flexibility to set separate capital standards for systemically important insurance companies under legislation passed by the U.S. House of Representatives. The measure, adopted yesterday as part of a package of changes to the Dodd-Frank …

Catlin’s COO Explains Group’s Focus on Relevance with Clients to Drive Growth

The Catlin Group’s roots go deep into the Lloyd’s market where it was formed 30 years ago. But Catlin has since become one of the most innovative companies in the global insurance hierarchy with offices in more than 50 cities …

Tropical Storm Polo Could Grow to Hurricane Off Mexico Coast

Tropical storm Polo could become a hurricane off Mexico’s Pacific Coast on Thursday the U.S. National Hurricane Center (NHC) said on Tuesday. On Tuesday morning Polo was about 275 miles (440km) south of Mexico’s famous beach resort of Acapulco and …

Self-driving Cars Could Require Overhaul of Insurance Regulation

What is an autonomous vehicle? As demonstrated in a Sept. 15 California Department of Insurance informational hearing, that’s a misleadingly simple question. Regulators’ attempt to stay in front of the curve, by delving into how autonomous vehicles will interact with …

Hull to Head Surety for Willis

Global insurance and reinsurance broker Willis Group Holdings has appointed Scott Hull as executive vice president and head of Surety. Hull will be responsible for directing surety operations across Willis’ platform, with a focus on expanding surety capabilities globally. Hull …

Sinkholes Continue Taking a Toll in Southeast

Solid ground isn’t always a certainty. Sinkholes can lurk anywhere, beneath suburban homes, city streets or even football stadiums and museums. It’s basic geology: Sinkholes open when soil collapses into large holes, caused by flowing water in underground limestone. Their …

Rebuilding Slow After New Jersey Boardwalk Fire

Rebuilding is slow one year after a fire devoured more than four blocks of boardwalk and destroyed more than 50 businesses in two New Jersey shore towns. The boardwalk that was lost on Sept. 12, 2013, has been rebuilt between …

100 Homes Destroyed by Northern California Wildfire

A wind-driven fire cut through a small California town near the Oregon border on Monday damaging or destroying 100 homes and prompting evacuation orders for at least 1,500 people, authorities said. The town near the base of Mount Shasta in …