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

Executives Examine D&O Claim Trends, Cyber Exposure

A number of industry executives spoke with Insurance Journal recently to share their observations on the current directors and officers liability insurance claim trends. Executives also spoke about a new potential D&O exposure that’s been getting a lot of attention …

Texas Businesses Oppose ‘Pro-Discrimination’ Legislation

Two proposed constitutional amendments that supporters say would protect Texans from government intrusion into their free exercise of religion are meeting resistance from a coalition led by a former adviser to George W. Bush that calls the measures discriminatory. The …

Arkansas Senate Votes to Delay State Insurance Exchange Plans

Arkansas lawmakers voted to put the state’s plans to set up its own insurance exchange under the federal health law on hold while the nation’s highest court weighs a legal challenge over tax subsidies granted through the overhaul. The bill …

Holding Multiple Jobs Increases Risk of Injury: Liberty Mutual

Researchers with the Liberty Mutual Research Institute’s Center for Injury Epidemiology have concluded that individuals who work multiple jobs — approximately 14 million U.S. residents – have a greater likelihood of injury than those holding a single job. According to …

XL Group’s E&S Insurance Adds Miller in Chicago to Launch New Auto Product

XL Group’s Excess & Surplus (E&S) insurance team is expanding, adding Andrew Miller as underwriting manager for its newest product line, primary auto. Miller joins XL Group’s Chicago office with more than a dozen years of transportation insurance industry experience, …

Gaylord, Sibley County in Minnesota Settle Racial Profiling Lawsuit

Officials in the south-central Minnesota city of Gaylord have agreed to pay tens of thousands of dollars to a Mexican immigrant to settle a federal lawsuit that alleged racial profiling. Minnesota Public Radio News reports that Gaylord and Sibley County …

Ohio Democrats Want State to Create Health Insurance Exchange

Democratic lawmakers in Ohio want the state to consider creating its own health insurance exchange as the U.S. Supreme Court hears a challenge to President Barack Obama’s health care law. People can find health coverage through the exchanges, or marketplaces, …

Medical Malpractice Award Caps Endorsed by Missouri House

The Missouri House has given initial approval to a bill to reinstate limits on how much juries can award in noneconomic damages in medical malpractice cases against health care providers. Supporters said the limits, approved 101-53, are needed to make …

Aon Benfield Cat Report Focuses on U.S. Snow/Ice and $1 Billion+ Losses

Impact Forecasting, Aon Benfield’s catastrophe model development team, has released the latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during February 2015. Topping the list are the …

Penn. Man Accused of Buying Auto Insurance From Scene of Car Wreck

Authorities say a Pennsylvania man called an insurance company from a crash scene to buy auto coverage and later claimed his wreck happened after he got the policy. The Altoona Mirror reports that the insurance fraud charges filed this week …