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

Insurers Warned to ‘Think Before You Snap’ as Florida Drone Privacy Law Takes Flight

The new Florida drone privacy law could have some unintended consequences for insurers looking to use or insure unmanned aircraft systems (UAM) technology. The Freedom from Unwarranted Surveillance Act (FUSA), which took effect in Florida July 1, prohibits a person, …

American Claims Management’s Technology Edge Wins McCormack Baron Management Contract

San Diego, CA, July 29 2015– Cutting edge technology was one of the primary drivers behind McCormack Baron Management Inc.’s decision to select national third party administrator (TPA), American Claims Management Inc. (ACM) to manage its general liability insurance claims, …

Hamilton Underwriting Limited Hires Carvey as Head of Treaty

Hamilton Underwriting Limited, the Lloyd’s managing agency of Bermuda-based holding company Hamilton Insurance Group, announced that Trevor Carvey has been hired as head of treaty. Carvey will report to Dermot O’Donohoe, chief executive officer of Hamilton Underwriting Limited. He will …

Marsh & McLennan Seeks Ways to Cut Tax as Competitors Shift to London

Marsh & McLennan Cos., the largest insurance broker by market value, is seeking ways to cut tax obligations as rivals shift to Europe, where rates are lower. “The search for tax efficiency for us started several years ago,” Dan Glaser, …

Buffett Helps Ireland’s Vhi Insurance Avoid Bailout with $99M Subordinated Loan

Irish state-owned health insurer Vhi Insurance DAC borrowed money from Warren Buffett’s Berkshire Hathaway Inc. to help avoid a bailout as the company comes under central bank regulation for the first time. Berkshire gave Vhi a 90 million-euro [$97.6 million) …

Alabama Police Department Granted Access to 2,000 Surveillance Cameras

Mobile, Ala., officials have unveiled a new public safety initiative that will allow police access to more than 2,000 surveillance cameras. AL.com reports that as of July 23, the Mobile Police Department had access to over 2,000 live security camera …

12 Injured in Kentucky Amusement Park Ride Accident

Authorities say at least 12 people were injured when a swing ride at an amusement park in Bowling Green, Kentucky, tipped over. The Daily News reports emergency officials were dispatched to Beech Bend Amusement Park around 6 p.m. on July …

Fewer Deer Equals Fewer Collisions Caused by Deer in South Carolina

Records show that collisions between vehicles and deer in South Carolina are declining. The State in Columbia reports that a review by South Carolina public safety officials shows that vehicles and deer collided more than 2,200 times in 2014. That …

Indiana School to Build Tornado Safe Room with $1.6M Grant

Federal officials have awarded a southern Indiana school district $1.6 million to build a tornado safe room at an elementary school. The grant from the Federal Emergency Management Agency will allow Salem Community Schools to add the safe room at …

New Mass. Police Policy Questioned by Transparency Advocates

Kelly Young was driving down Route 28 in Milton, Massachusetts, when a sedan traveling in the other direction rear ended another car and veered into Young’s lane, hitting his car head on, police say. Young, 56, a father of two …