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

O’Shea Joins Korn Ferry as Leader in Global Insurance Practice

Talent recruiting organization Korn Ferry has hired Laurie O’Shea as co-head of its Global Insurance Practice. She will be based in the Chicago office. O’Shea has 25 years of experience in recruiting talent for the global insurance market. Prior to …

Texas Company Fined $424K for Trench Collapse

One minute he was working in the 8-foot trench below ground. The next, he was being buried in it. His co-workers came to his rescue, digging him out with their bare hands. Moments after they pulled the injured man to …

2 Oklahoma Injection Wells Being Shut Down Following Quakes

Two energy companies are shutting injection wells after three strong earthquakes struck near an Oklahoma town, in response to concerns about the practice of injecting wastewater from oil and gas operations deep underground, state regulators said on July 28. Three …

Pool Fire at Las Vegas Hotel Fueled by Fake Palm Trees

Fake palm trees and high winds fueled a poolside fire on a rooftop at The Cosmopolitan hotel-casino on the Las Vegas Strip over the weekend, fire officials said Monday. The blaze on Saturday sent guests running and plumes of black …

Oregon County Updates Natural Disaster Plan to Deal with Cascadia

Deschutes County in Oregon has updated its plan for dealing with natural disasters, including the potential Cascadia Subduction Zone earthquake that recently received national attention. The Bulletin reported that county commissioners adopted the update last week. The plan details how …

Earthquake Shakes Alaska’s Aleutian Islands

The U.S. Geological Survey is reporting no damage from a strong earthquake that rocked Alaska’s Aleutian Islands. The quake struck at 8:49 p.m. Sunday and was centered 45 miles southwest of the village of Nikolski (nih-KOHL’-skee) at a depth of …

N.Y. Law Firm Skadden May Be Required to Pay Overtime for Temp Attorneys

A federal appeals court said on July 23 the New York law firm Skadden, Arps, Slate, Meagher & Flom may owe overtime pay to a contract lawyer for performing non-legal work, a decision that could make it more costly for …

Cummings, Beard Join Answer Financial

Allstate’s online auto and home insurance agency Answer Financial has added two insurance professionals to its leadership team. Brendan Cummings joins Answer as the director of Business Development to build partnerships with carriers. Through Answer, a carrier’s customers can compare …

MMC CEO Glaser Surveys Competitive Landscape in Wake of Consolidation

Recent merger deals in the insurance industry among its competitors and carrier partners should not hurt Marsh & McLennan (MMC) and could instead make its insurance and reinsurance advisory services even more important, according to Dan Glaser, MMC chief executive …

Regulators Want More Details on Insurers’ Living Wills for Bankruptcy

Three major non-bank financial firms need to provide more detail on how they could be unwound in bankruptcy after a collapse, regulators said Tuesday in their first response to the companies’ living wills. The statement by the Federal Reserve and …