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

JLT Specialty Insurance Appoints Najim Senior VP, Analytics & Consulting

Chicgo-based JLT Specialty Insurance Services Inc. (JLT Specialty USA), a U.S. subsidiary of Jardine Lloyd Thompson Group plc. (JLT), appointed Chris Najim as senior vice president of analytics and consulting. Najim will work alongside JLT Specialty brokers and other client …

Oklahoma Reserve Deputy Facing Manslaughter Charges Is Insurance Exec

An Oklahoma reserve sheriff’s deputy charged with manslaughter in the shooting death of a man who was subdued on the ground has surrendered to authorities. Robert C. Bates of Tulsa is licensed by the state insurance department as a property/casualty …

Pacific Northwest Study Says More Could Survive Tsunami if They Can Just Walk Faster

About 5,500 more people could survive a major tsunami hitting the Pacific Northwest if they just walk a little faster to higher ground after roads are knocked out, a new study shows. The report published Monday in the Proceedings of …

Colorado School District Liability Bill Moving Through Legislature

A novel approach to make public schools liable for campus violence under a measure is advancing in Colorado, even as lawmakers from both parties wonder whether liability will prevent the next mass shooting. The bill that won bipartisan approval 4-1 …

California Court Cuts Damages to $2.8M in Jehovah’s Sex Abuse Case

An appeals court has trimmed to $2.8 million the damages awarded to a woman who said the Jehovah’s Witnesses allowed an adult member of a Northern California church to molest her when she was a child in the mid-1990s. Candice …

Lloyd’s Names Magrath Western Regional Director

Lloyd’s of London has named Richard Magrath regional director for its Western U.S. region. Magrath will be based in Los Angeles, Calif. with responsibility for market development activities in California, Oregon, Washington, Arizona, New Mexico, Nevada, Colorado, Idaho, Utah, Wyoming, …

IRS Names Microcaptives as Top Abusive Tax Scheme

The IRS is growing increasingly uncomfortable that an increasing number of smaller companies and professional firms have been doing what larger companies do — creating their own or joining a captive insurer. The IRS believes some of these smaller companies …

Tokio Millennium Re AG Receives Authorization to Operate UK branch

Tokio Millennium Re AG (TMR), the Zurich-based global reinsurer and subsidiary of Tokio Marine & Nichido Fire Insurance Co. Ltd., announced that it has received authorization from the UK Prudential Regulation Authority (PRA) to operate a branch office in the …

Obama Likely to Veto Republicans’ Estate Tax Repeal Bill

The White House on Tuesday said Democratic President Barack Obama’s advisers would recommend that he veto a pending Republican-authored bill to repeal the estate tax. A vote on the bill in the House of Representatives could come as soon as …

Fairfax Financial Agrees to Sell 30% Stake in Brit to Ontario Pension Fund

Fairfax Financial Holdings Ltd. will sell as much as 30 percent of Brit plc to the Ontario Municipal Employees Retirement System two months after agreeing to buy the Lloyd’s of London insurer for $1.88 billion. Fairfax said Wednesday it reached …