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

Nevada School District to Settle Insurance Broker Suit for $1.65M

The Clark County School District in Nevada says it will pay a former insurance broker $1.65 million to settle a lawsuit that claimed the public agency ended the broker’s contract prematurely. The Las Vegas Sun reported at the time that …

Colorado Asks for Major Disaster Declaration in Wake of Spring Floods

Colorado is asking federal disaster managers for a major disaster declaration in the wake of severe weather and flooding this spring and early summer that impacted 11 counties. The Denver Post reported the Colorado Division of Homeland Security and Emergency …

New Mexico Court Favors Worker in Medical Marijuana Case

The New Mexico Court of Appeals has ruled that a patient in the state’s medical marijuana program who was injured on the job must be reimbursed by an employer for the expense of marijuana used for treatment. The Santa Fe …

Amtrak Concedes to Liability in Philadelphia Train Derailment Cases

Amtrak said it will concede that it’s liable for most damages caused by the May 12 train derailment in Philadelphia that killed eight passengers and injured dozens. The railroad acknowledged Friday in responses to two lawsuits that it won’t contest …

Lehman Exec Defeats Employee Lawsuit Over Retirement Losses

A U.S. federal judge on Friday dismissed a lawsuit by former Lehman Brothers Holdings Inc employees seeking to hold onetime Chief Executive Richard Fuld liable for their retirement plan losses as the Wall Street bank plunged into its 2008 bankruptcy. …

4 Commercial Auto Endorsements Every Insured Should Consider

Insurance Services Office (ISO) lists more than 100 endorsements available for use with the business auto policy (BAP) (the total number varies by state). Out of this mass of policy-altering endorsements, most designed to meet the needs of a specific …

Willis Appoints Aubert to Executive Committee of London & Int’l Brokers’ Assn.

Willis Group Holdings has appointed Nicolas Aubert, CEO of Willis GB, to the executive committee and board of the London & International Insurance Brokers’ Association (LIIBA)*. In addition, Aubert was named LIIBA representative to the London Market Group (LMG), a …

Exposing Insurance Frauds Saves UK Customers $5.588 Million a Day: ABI Study

The Association of British Insurers (ABI) has published figures showing that £3.6 million [$5.588 Million] a day is being “saved by exposing insurance cheats.” It is only one of the “factors helping to keep the cost of insurance down for …

Swiss Re Corporate Solutions Names Wally Country Manager South Africa

Swiss Re Corporate Solutions has named Natasha Wally as Country Manager for South Africa. She will head up the company’s wholly owned subsidiary, Swiss Re Corporate Solutions Advisors South Africa Pty. Ltd. Wally will be based in Johannesburg and in …

Typhoon Chan-hom Loses Strength as It Moves Toward Korean Peninsula

Typhoon Chan-hom, which caused the evacuation of about a million people and the cancellation of hundreds of air flights in eastern China on Saturday, weakened as it moved northeast along the East China ocean toward the Korean peninsula. Chan-hom was …