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

Committee Approves Oregon Marijuana Bill

After weeks of stalemate, a state legislative committee has advanced a bill setting up Oregon’s legal marijuana system. The approval of the joint House-Senate committee on Monday sends the bill to the full House, which can take it up as …

Oregon Man Injured by Leftover Acupuncture Needle Sues for $3M

A Portland, Ore. man has filed a lawsuit seeking more than $3 million from an acupuncturist he says left two needles in his skin, including one that later broke off and became embedded in his groin. The lawsuit says acupuncturist …

Commission Rules Uber Drivers Employees, Not Contractors

A San Francisco-based driver for smartphone-based ride-hailing service Uber is an employee, not a contractor, according to a ruling by the California Labor Commission. The ruling, filed on Tuesday in state court in San Francisco, said Uber is “involved in …

Brown & Brown Acquires Assets of Strategic Benefit Advisors in Massachusetts

Brown & Brown Inc. announced today that its subsidiary Brown & Brown of Massachusetts LLC has acquired certain assets of Strategic Benefit Advisors Inc., a health and welfare benefit advisory and brokerage firm in Southborough, Massachusetts. Terms of the transaction …

Systemic Risk Panel to Show Lawmakers Why Some Insurers Are Too Big to Fail

U.S. regulators will disclose to lawmakers more than 1,400 pages of documents explaining why companies such as American International Group Inc. and MetLife Inc. are subject to tougher oversight. The Financial Stability Oversight Council is providing the papers after Republicans …

With HCC Holdings Buy, Tokio Marine Enhances Already Top Commercial Lines Performance

Tokio Marine Holdings Inc. is using debt to expand a U.S. insurance business that’s beaten even Berkshire Hathaway Inc. for policy growth. The Japanese insurer, which is taking over Houston-based HCC Insurance Holdings Inc. for $7.5 billion after at least …

Strong Capacity Drives Buyer’s Market in Political Risk Insurance: Marsh

Abundant capacity and strong competition have contributed to a favorable marketplace for buyers of political risk insurance globally, according to Marsh’s “Political Risk Market Update,” published this month. Despite growing concerns about global political and credit risks and a recent …

UK Insurance Software Provider Innovation Group Wins Major Contract

British insurance software company Innovation Group said on Wednesday it had secured a 46 million pound ($72.3 million) contract with a major client, its third and biggest new business win this year. The deal, which will see Innovation’s products used …

Mobile App Data Flaw Leaves ‘Billions’ of Records at Risk: Security Researchers

Security researchers have uncovered a flaw in the way thousands of popular mobile applications store data online, leaving users’ personal information, including passwords, addresses, door codes and location data, vulnerable to hackers. The team of German researchers found 56 million …

Florida Man Crushed to Death in Compactor at Recycling Plant

Officials say a man was crushed to death inside a machine at a central Florida recycling plant. Winter Garden police Lt. Scott Allen says the man was sorting cardboard with a bailing machine Monday morning when he somehow “ended up …