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

John Steinbeck, Boeing Drone, Jimi Hendrix, Ford Car: Intellectual Property News

Rightscorp Inc., the company that identifies infringers to copyright holders, said in a company filing that it now has contracts covering about 208,000 copyrights. That’s more than twice the 100,000 copyrights the Santa Monica, California-based company had under contract in …

LifeInsurance.sucks, NewYork.sucks, Dyson.sucks: Tales from the Feared Domain

The launch of the “.sucks” domain back in March sent a wave of panic through company public relations teams. The idea that someone could tarnish a brand name by cyber- squatting on, say, Vodafone.sucks, ManchesterUnited.sucks or LloydsBank.sucks led to a …

FBD Shows How to Lose Money, Even During Ireland’s Economic Recovery

Usually, economic recovery helps companies. Not so FBD Holdings plc. FBD, Ireland’s only publicly traded insurer, will publish first-half earnings in Dublin on Aug. 24, with analysts waiting to see whether the increasing claims linked to accelerating economic activity it …

Cobalt Becomes Insurer of Preference for Major UK Infrastructure Project

Shariah-compliant managing general agent Cobalt Underwriting has been selected as the insurer of preference for the proposed London Paramount Entertainment Resort in Kent, England. Valued at £3 billion ($4.6 billion), the Paramount Studios-backed project is set to transform the Swanscombe …

Pakistan Plan for $46B Economic Corridor with China Set to Boost Insurers

Pakistan Prime Minister Nawaz Sharif’s $46 billion plan for an economic corridor with neighboring China as part of his revival push is promising to boost the prospects of the nation’s insurers. Adamjee Insurance Co. and Jubilee General Insurance Co., which …

Insurers Unlikely to Be Impaired by Claims From Tianjin Port Explosion: S&P

Insurers are unlikely to be impaired by the loss claims from the explosions in the Chinese Port of Tianjin last week, according to a report from Standard & Poor’s. “Based on our initial investigation, we expect most of the affected …

EU Seeking to Cut Minimum Risk Weighting on Simple Securitizations

The European Commission is seeking to cut the minimum risk weight on securitizations that qualify as simple and transparent to 10 percent to help jump-start the bloc’s capital markets. The 5 percentage-point reduction in the risk weighting for securities backed …

Missouri-Based Graves Insurance Adds Cannon, Promotes Hurst

Graves Insurance, based in Kirkwood, Mo., hired Allie Cannon as personal lines account manager and promoted Amanda Hurst to commercial account manager. Cannon’s responsibilities include assisting producers in generating new business, as well as serving specific clientele and prospects. She …

Lawsuit Relief Needed for TWIA Depopulation Plan to Work: Lawmakers

A new law that becomes effective Sept. 1 in Texas will give the state’s property insurer of last resort for wind and hail along the coast more leeway in a plan to reduce its overall exposure by incenting private insurers …

Crystal & Co. Names Drew Managing Director in California

Peggy Drew has joined Crystal & Co.’s commercial property/casualty department as managing director. Drew will also serve as the team leader for the firm’s Los Angeles, Calif. office. Her responsibilities include the development, administration and execution of account service strategies …