Monthly Archives: <span>January 2015</span>

N.Y. Region Revives With Travel Bans Lifted as Blizzard Fizzles

The New York region lurched back to life after a storm advertised as a potentially life-threatening blizzard ended up as a mundane winter snowfall. Travel bans for automobiles in New York and New Jersey were lifted and New York City’s …

Supreme Court Backs Employer on Retirees’ Pay for Health Benefits

The U.S. Supreme Court on Monday sided with a company that amended a collective bargaining agreement to force retirees to pay toward healthcare costs, throwing out a lower-court ruling that favored the former employees who objected to the change. On …

BP Witness Praises Oil Spill Response at Fines Trial

BP Plc “conducted an extraordinarily effective response” to the 2010 Gulf of Mexico spill, the company’s first witness testified Monday as the oil producer sought to minimize potential pollution fines. BP immediately mobilized people and equipment and recovered spilled oil …

5 Risk Management Tips for the NFL Just in Time for Super Bowl

It’s been a rough year for American football. The National Football League has been plagued with a series of scandals. Commissioner Roger Goodell frequently seems befuddled, and it’s hard to discern any “plan” by the NFL other than to lawyer-up …

Insurers Sending ‘Consent to Rate’ Letters to North Carolina Homeowners

North Carolina homeowners are being told to pay higher insurance premiums or risk losing their coverage under a law that allows companies to pay more than the state has approved. The StarNews of Wilmington reported insurance companies are sending “consent …

South Carolina Paid $5 Million in Claims for Bad Roads

South Carolina has paid more than $5 million for damages from the state’s roads in the past year. The Greenville News reported that documents it obtained under the Freedom of Information Act showed the state spent more than $5 million …

CNA Names Orlando Senior VP of Sales, Distribution

CNA Financial Corp. has appointed Rocco Orlando as senior vice president of sales and distribution for the United States, Canada and Europe. He will focus on improving the company’s market position with its producers. Orlando joined CNA in November 2012 …

Oil Tankers in Front Line of Libya’s Struggle; Insurance at Risk

Oil shippers face higher costs and the possible loss of insurance cover on Libyan voyages, caught in a struggle between the rival governments there and threatened by air attacks. John Dalby of maritime security firm MRM, said he had prepared …

Best Places AXIS and Subs Ratings under Review w/ Negative Implications

A.M. Best has placed under review with negative implications the financial strength rating (FSR) of ‘A+’ (Superior) and the issuer credit ratings (ICR) of “aa-” of AXIS Specialty Limited and its operating affiliates. Best also put the ICR of “a-” …

Claim Concepts & Solutions – CC&S is pleased to announce the formation of its sister company Recovery Concepts & Solutions, LLC – RC&S, providing Expert Subrogation & Tort Recovery

CC&S is a premier national auditing group providing specialized audits to the risk industry including, best practices, reserve adequacy, inventory evaluations, claim file audits and inventory reduction concepts and methodologies. In line with CC&S depth and focus, RC&S combines seasoned, …