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

Report: 4.5 Million Homes in 13 States at Extreme Wildfire Risk

A report issued today shows 4.5 million U.S. homes at high or extreme risk of wildfire as the multi-year drought continues. The report’s author said the worsening drought means 2015 has the potential to be one of the most devastating …

Center for Work-Related Health Needs Opens in Buffalo, New York

A center focused on workplace-related medical needs is open in Buffalo. The Center for Occupational & Environmental Medicine opened on June 5 at the Erie County Medical Center. At least nine such centers have been funded by New York state …

Virginia Gov.: Elephant Auto Insurance to Add 1,173 Jobs in Henrico County

On day two of a European trade mission, Virginia Gov. Terry McAuliffe has snared nearly 1,200 jobs for his state. The economic development announced Tuesday from Cardiff, Wales, involves a $2 million investment by Elephant Auto Insurance to expand its …

Supreme Court to Hear Tyson Challenge to Damages in Worker Pay Class Action

The U.S. Supreme Court on Monday agreed to take up Tyson Foods Inc.’s challenge to an almost $5.8 million judgment awarded against the company over worker pay at an Iowa meat-processing facility in a case that gives the nine justices …

U.S. Pushes for Collision Prevention Technology on All New Cars, Trucks

U.S. safety officials this week called on automakers to begin installing collision avoidance systems in all new passenger and commercial vehicles, saying existing technology could save lives and avoid injuries by reducing rear-end collisions. The National Transportation Safety Board said …

House Could Vote on Fast-Track Trade Bill Friday

U.S. lawmakers have reached a deal on funding to help workers who lose their jobs due to trade, possibly paving the way for a vote on legislation key to President Barack Obama’s signature Pacific trade pact as early as Friday. …

Judge Orders Trinity Guardrail Maker to Pay $663M for Cheating Government

Trinity Industries Inc., maker of a highway guardrail safety system tied to at least nine deaths, was told by a judge to pay $663 million for defrauding the U.S. government. The decision Tuesday by U.S. District Judge Rodney Gilstrap in …

Does This Sound Like YOUR Underwriter?

Two weeks ago we posted an article titled, “Are You One of THOSE Agents?” The article centered around some of the strange questions, comments or requests underwriters have received from their agents. Near the end of the article we asked …

Munich Re Confirms Riess as Future ERGO Chairman, Board Member

The Supervisory Board of ERGO Versicherungsgruppe AG has appointed Markus Riess to the ERGO Board of Management and also as its Chairman. Moreover, Munich Re’s Supervisory Board has also appointed Riess as a member of the Munich Re Board of …

Cyber Security – ‘a Fast Growing Emerging Risk’ for Companies – S&P Reports

“For corporate borrowers, as well as Standard & Poor’s Ratings Services’ assessment of credit quality, cyber risk is a growing source of concern, given the increasing frequency of reported incidents,” says a new analysis report from S&P – “Cyber Risk …