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

West Virginia Chemical Spill Posed Inhalation Risk: Study

Federal health officials overlooked risks of inhaling the licorice-scented fumes of a chemical that spilled into West Virginia’s biggest water supply last January, according to a study. The research by a Purdue University team found that some West Virginians became …

Impatient New Zealander Jolts U.K. Insurance with Aviva Shake-Up

During Mark Wilson’s first week at Aviva Plc in London he stormed out of a meeting with top executives after growing frustrated with the lack of boardroom debate. In the two years since, the chief executive officer sold units from …

No Plans To Sue Colorado Over Marijuana, Utah Governor Says

Gov. Gary Herbert says Utah has no plans to join two other states in suing Colorado over that state’s legalization of marijuana. The Deseret News reported Herbert said that despite no current plans to sue, Utah is keeping an eye …

Magna Carta Cos. Appoints Yang as VP, Chief Actuary in New York

Magna Carta Cos. in New York has appointed Grace H. Yang as vice president and chief actuary. She will join Magna Carta’s senior management team and report directly to Chairman and Chief Executive Officer Andrew L. Furgatch. Yang is a …

Senate Passes TRIA; Bill Goes to President Obama’s Desk

Today the U.S. Senate followed the House and voted overwhelmingly to reauthorize the federal terrorism reinsurance program that had been allowed to lapse. The vote was 93-4 in favor. On Wednesday, the House of Representatives had voted 416-5 to renew …

IICF Targets $250K to California and Colorado Charities

The Insurance Industry Charitable Foundation is awarding $254,000 in grants to 29 local nonprofits in California and Colorado for the kickoff of 2015. The causes supported include child abuse prevention, disaster preparedness, education and health and human services. The 2015 …

Farmers Files Suit Against Multiple N.Y. No-Fault Medical Providers

Los Angeles-based Farmers Insurance Group announced that Farmers Insurance Exchange, one of the insurers comprising Farmers Insurance Group, and affiliates have filed a lawsuit in the state Supreme Court of New York against more than six New York no-fault medical …

Vermont Traffic Fatalities Down 38% in 2014

Preliminary reports show that Vermont traffic fatalities declined 38 percent in 2014 to the lowest number since World War II. The Vermont Highway Safety Alliance says 43 people died on the state’s roadways last year, down from 70 in 2013. …

Ballinger on Growth, Professionalism in Texas Surplus Lines Market

Phil Ballinger retired at the end of December 2014 as executive director of the Surplus Lines Stamping Office of Texas (SLSOT), a post he’s held for more than two decades. During his tenure at SLSOT, the organization has been recognized …

Pennsylvania Store Manager Robbed at Gunpoint Wins Workers’ Comp

Is being robbed at gunpoint in a Pennsylvania state liquor store an “abnormal working condition” or not? Since 2008, Gregory Kochanowicz has claimed it is, and now that the Commonwealth Court agrees, he’s due to receive $727 in weekly workers’ …