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

Insurers, Brokers and Clients Express their Views on the Industry

The Economist’s Insurance 2015 Conference, which took place on Tuesday, March 15, at the ornate Clothworkers Hall in London, featured a panel that expressed the views of insurers, brokers and their clients in a discussion on the current and future …

OnPoint Underwriting Announces Paul Boehm as Senior VP of Tribal Program

Denver, CO, March 9, 2015– OnPoint Underwriting recently announced Paul Boehm has been appointed as senior vice president of its Program for Sovereign Indian Nations. OnPoint Underwriting has been a trusted insurance expert for the sovereign Indian nations since 1987 …

ACE Launches PI Insurance Solution for European Technology Firms

ACE Group announced the launch of ACE Tech Pro, a comprehensive insurance solution for technology companies, as part of its strategy to meet the changing professional liability needs of different industries in Continental Europe. ACE Tech Pro is designed to …

Report on Missing Malaysia Airlines Flight 370 Says Locator Battery Expired

The Malaysia Airlines flight that went missing one year ago Sunday had an underwater locator beacon whose battery had expired in December 2012, according to an interim report on the incident. Flight 370 was also carrying 221 kilograms (487 pounds) …

Derailed Canadian National Train Carrying Crude Oil Is Still Burning

A Canadian National Railway Co. train carrying crude oil that derailed near the northern Ontario community of Gogama early on Saturday is still on fire, the company said late on Sunday. The derailment is CN’s second in the region in …

Proposed North Carolina Permit Rules Would Allow Duke Pollution to Continue

Duke Energy could legally leak pollutants from some of its coal ash dumps under new wastewater permits proposed Friday by North Carolina regulators. Just days after federal prosecutors filed criminal charges against Duke over the leaks, the North Carolina Department …

West Virginia Governor Signs Comparative Fault Legal Reform Bill

Governor Earl Ray Tomblin has signed a bill changing legal protections when multiple parties are deemed at fault in a lawsuit. The Democratic governor approved a comparative fault bill passed by the Republican-run Legislature on Thursday. Currently, if a party …

Transport Company Agrees to Restoration Plan After West Virginia Train Derailment

Federal regulators say CSX Transportation has agreed to a long-term plan for cleaning up and restoring the area around a fiery oil-train derailment in southern West Virginia. Under the U.S. Environmental Protection Agency order released Friday, CSX must submit a …

Benmosche, Who Led AIG After Bailout, Dies at 70

Former AIG President and CEO Robert Benmosche, who led the insurer’s turnaround after its $182 billion government bailout, has died of lung cancer at age 70, the company announced. The company says Benmosche died on Feb. 27 at NYU Langone …

Lawmakers Probe FEMA’s Sandy-Related Claims

U.S. Rep. Tom MacArthur (R., N.J.) on March 2 called for an investigation into the Federal Emergency Management Agency (FEMA) after stories surfaced that FEMA was aware of allegedly fraudulent engineering reports that may have been used to deny flood …