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

Florida Court: Proof Needed That Drivers Knew of Hit-and-Run

Drivers in Florida can’t be prosecuted for leaving the scene of an accident unless there is proof they knew they were in a crash. The Florida Supreme Court unanimously agreed with a lower court’s decision to throw out the conviction …

FEMA Reports Progress with Flood Insurance Changes

The agency responsible for managing the federal flood insurance program has made progress in carrying out key changes mandated by Congress in two recent laws but lacks resources and data to completely implement others, a government report says. For instance, …

People – Southeast

USI Insurance Services has added Randy Deskins to the USI MidSouth region as its bond manager. Based in the USI Louisville, Ky., office, Deskins will be responsible for managing the service delivery of surety clients and surety carrier relationships throughout …

BP Drops Opposition to Gulf Oil Spill Claims Chief It Criticized

BP has abruptly switched legal strategies—again—in the multi-billion-dollar liability fight stemming from the April 2010 Gulf of Mexico oil spill. The company dropped a campaign to oust a settlement administrator it had accused of tolerating waste and fraud. The move …

Insurance Market Evolves for Drone Pilots Unwilling to Wait on Federal Regulations

Thousands of drones flown without government approval by real estate companies, movie studios and other businesses are getting coverage by insurers writing their own safety rules to fill a void left by regulators. One insurance broker in Colorado has already …

Texas-Based National Lloyds Sees Record Earnings in 2014

National Lloyds Corp., a Waco-based insurance holding company, announced its best yearly earnings in the company’s history with $25.7 million of pre-tax income. Over the past several years, storm activity in Texas and Oklahoma had increased homeowners damage claims and …

FDA: No Clearance for Maker of ‘Superbug’ Outbreak Device

Federal health officials say that the manufacturer of a medical instrument at the center of a recent “superbug” outbreak in Los Angeles did not receive federal clearance to sell the device. The Food and Drug Administration has confirmed that Olympus …

N.H. Issues Guidance on Permissible Forms of Producer Compensation

The New Hampshire Insurance Department recently issued a bulletin on permissible forms of insurance producer compensation. “We had received inquiries from producers and wanted to provide helpful guidance for them,” a New Hampshire Insurance Department spokesperson said of the bulletin. …

Another Los Angeles Hospital Hit by ‘Superbug’ Infections

A second Los Angeles hospital is reporting that patients have been infected with an antibiotic-resistant “superbug” linked to a type of widely used medical scope. The latest cases came at Cedars-Sinai Medical Center, where the four patients were infected with …

Road Funding Bill Passed by Texas Senate

The Texas Senate has approved the first bill of the legislative session, with speedy passage of a plan to shift billions of dollars generated by vehicle sales taxes to building and maintaining roads strained by the state’s booming population. The …