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

Lawsuit Filed Against Home Depot Over Data Breach

Home improvement retailer Home Depot Inc. has been sued over data breach by a customer, saying the company failed to properly safeguard customer data from hackers, a lawsuit filed in a Chicago federal court showed on Tuesday. The lawsuit comes …

UPDATE: Death Toll in India, Pakistan Floods Reaches 400

The death toll from floods in Pakistan and India reached 400 on Tuesday as armies in both countries scrambled to help the victims and authorities in Islamabad warned of more flooding in the days ahead. The flash floods, which began …

More Pilots in Crashes Testing Positive for Prescription, Other Drugs

Four times as many pilots killed in airplane crashes tested positive for drugs over the past two decades, tracking a broader societal trend in the use of antihistamines, painkillers and marijuana. While most of the substances wouldn’t affect the ability …

Oil Trains Passing Through Kentucky on Regular Basis

Freight trains loaded with volatile crude oil crisscross seven Kentucky counties on a weekly basis, carrying loads that emergency management officials in the state know little about. As many as five CSX Corp. trains carry oil from the upper Great …

Usage-Based Insurance Luncheon Series | Lessons Learned From a Telematics Launch

Unique luncheon series offers frank insights and experiences on developing a successful UBI program Scottsdale, AZ, September 10, 2014 – We’ve all seen the statistics. Telematics and UBI are exploding at an exponential rate. From 1.85 million insured enrolled in …

Goldman Leads Wall Street Tapping Taiwan Cash Pile

Wall Street banks, including Goldman Sachs Group Inc. and Citigroup Inc., are rushing to issue U.S. dollar bonds in Taiwan after a rule change unlocked $586 billion of funds held by the island’s insurance companies. Goldman sold $974 million of …

S&P to Publish Annual ‘Global Reinsurance Highlights’ Report

Standard & Poor’s Ratings Services will publish its annual “Global Reinsurance Highlights” publication to coincide with the 2014 Reinsurance Rendezvous in September. It will provide a detailed perspective on the market, focusing on the competitive pressures that will impede reinsurers’ …

XL Group Appoints Latham to Strengthen Captive Programs

XL Group announced the appointment of Matthew Latham as Head of Captive Programs, in a move which strengthens the Group’s offering to clients with captives. Jason Harris, Chief Executive, International Property & Casualty at XL Group commented: “The risk landscape …

Former Oklahoma Insurance Agent Sentenced for Selling Sans License

A former Oklahoma insurance agent has received a five-year suspended sentence and a $2,500 fine for selling insurance without a license. Preston Chadwick Henson, 44, was convicted of the felony after entering a no contest plea in Kingfisher County. The …

Earthquakes Increase in Kansas Task Force Can’t Pinpoint Why

There’s not enough data to make any determinations about why there has been an increase in the number of earthquakes in Kansas, a three-member task force appointed by Gov. Sam Brownback has concluded. The state has experienced 49 earthquakes this …