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

The Hartford Expands Professional Liability Products to Small Business

The Hartford has launched a new professional liability insurance offering to help protect small businesses in the event they are sued by a customer claiming a negligent act, or error or omission in the professional services they provide. This new …

A.M. Best: European Insurers Tap Capital Markets Ahead of Solvency II

Low interest rates together with highly liquid and stable financial markets have prompted European insurers to tap the capital markets in their efforts to lower the cost of capital and optimize levels of risk-adjusted capitalization, according to a new report …

N.J. Sen. Menendez Warns of Predatory Groups Targeting Sandy Victims

U.S. Senator Bob Menendez (D-N.J.) is urging Sandy victims to be wary of scam-artists offering to help them navigate through the Federal Emergency Management Agency’s (FEMA) National Flood Insurance Program (NFIP) claims review process in exchange for a substantial cut …

Another Alaska Wildfire Prompts More Evacuations

Firefighters are battling a second wildfire in Alaska and officials say hundreds of homes have been evacuated and six structures have burned. The fast-moving blaze erupted Monday on the Kenai Peninsula, roughly 100 miles south of a major wildfire that …

NSM Insurance Group Names Millard Western Region Director

NSM Insurance Group has named Victoria Millard director of the Western region. Millard began her programs career 25 years ago in the MGA space, later migrating to the carrier side and managing programs nationally. Millard has worked for Lexington Insurance …

Workers Can Be Fired For Off-Duty Marijuana Use, Colorado Court Says

Pot may be legal in Colorado, but you can still be fired for using it. The state Supreme Court ruled Monday that a medical marijuana patient who was fired after failing a drug test cannot get his job back. The …

Ethics of Self-Driving Cars: Should They Kill Driver to Save Others?

Imagine being in charge of the switch on a trolley track. The express is due any minute; but as you glance down the line you see a school bus, filled with children, stalled at the level crossing. No problem; that’s …

Financial Repression’s Unintended Consequences: Swiss Re Market Consensus

Swiss Re has issued a statement, following a meeting with senior private and public sector market participants on June 16, entitled “Financial repression – the unintended consequences.” The statement said that in order to “identify the most concerning implications,” Swiss …

How Greenberg’s Lawyer, Boies, Won AIG Bailout Battle

During the trial, David Boies was his usual mildly rumpled and mostly unpretentious self, peering over his reading glasses, padding around in his hallmark black suede slipper-shoes and smiling his way to victory in a case that put the U.S. …

AIG Avoids Damages with Ruling in Greenberg Bailout Lawsuit

American International Group Inc., which opted against joining Maurice “Hank” Greenberg in a suit against the U.S., became a victor in the case after a judge ruled that the former chief executive officer isn’t entitled to compensation over the insurer’s …