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

Update: Crude Oil Train Derails in West Virginia

A CSX Corp train hauling North Dakota crude derailed in West Virginia on Monday, setting a number of cars ablaze, destroying a house and forcing the evacuation of two towns in the second significant oil-train incident in three days. One …

U.S. Issues Draft Rules on Commercial Use of Drones; Insurers Welcome

The U.S. aviation regulator proposed rules on Sunday for commercial drone flights that would lift some restrictions but would still bar activities such as the delivery of packages and inspection of pipelines that have been eyed by companies as a …

Former Hartford CEO McGee Dies at 60

Liam McGee, an Irish-born banker and insurance executive who guided Hartford Financial Services Group Inc. through a taxpayer bailout and shored up the company’s finances, has died. He was 60. McGee died Feb. 13 after a two-year battle with cancer, …

California Consumer Group Seeks Enforcement Action Against Geico

The Consumer Federation of California is alleging that Geico Insurance Co. illegally quotes higher minimum automobile coverage levels than permitted under state law to unmarried, lower or moderate-income motorists The allegations were made in a petition filed Thursday with the …

Insurer Hit With $4.5M Class Action Bad Faith Verdict in Nevada

Everest Indemnity Insurance Co. was hit with a $4.5 million verdict after a Nevada state court jury on Thursday said the insurer acted in bad faith by refusing to cover a construction company’s defense costs in a class action stemming …

Maine Business Faces $100K Federal Fines for Alleged Safety Violations

An Auburn, Maine, company that makes automotive fabric products is facing more than $100,000 in federal fines for allegedly putting its employees in harm’s way. The Occupational Safety and Health Administration on Tuesday cited Formed Fiber Technologies Inc. for seven …

AssuredPartners Hires AJG’s Gardner as Regional President in Penn.

AssuredPartners Inc. has hired Matthew Gardner as regional president. He is based in Fort Washington, Pennsylvania, and will report to AssuredPartners President and COO Tom Riley. In this new role, Gardner will build and integrate the existing operating platforms within …

Buying Insurance Is Like Online Dating? Or Loving a Local Agent?

Buying insurance has been compared to having a root canal and betting with pirates. It’s been called confusing and boring. More than a few have said they’d rather listen to nails on a chalkboard than sit through an insurance pitch. …

Arkansas Bill Would Jeopardize Local Gay Anti-Discrimination Laws

An Arkansas municipality’s effort to protect its gay, lesbian, bisexual and transgender residents from discrimination would be nullified under a bill presented by the town’s state representative. The House Local Affairs Committee voted 12-6 in favor of the measure, which …

Opinion: Florida Sending Mixed Messages About Uber Insurance Requirements

Last month, California regulators said all “peer-to-peer” taxi drivers (i.e. Uber & Lyft) were required to have “commercial” plates, stating, “Customers have inquired about this process and received inconsistent information.” A few days later the Department of Motor Vehicles said …