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

Risk Manager Fired by Nevada City Files Discrimination Complaint

Former risk manager Jack Campbell has filed a federal age and race discrimination complaint against the city of Reno. The Reno Gazette-Journal reported that the existence of the complaint filed in June and a previous investigation into issues concerning Campbell …

Nevada Hit by More Than 5,000 Earthquakes in Past Year

Seismologists say a year-long swarm of earthquakes in northwest Nevada could be linked to volcanic activity. The University of Nevada’s Reno Nevada Seismological Laboratory announced this week that there have been 5,610 earthquakes in the swarm that started in July …

Delta Lloyd Uncertainties Persist Amid Concern It May Need to Plug Capital Gap

Delta Lloyd NV extended a record decline on Tuesday after Goldman Sachs Group Inc. cut the shares to neutral amid concern the insurer may need to ask shareholders for funds to plug a capital gap. The stock plummeted 8.2 percent …

Crime Investigators Warn on ‘Mystery’ Devices Used in Car Break-Ins

Law enforcement officials and theft investigators are concerned that criminals may be getting their hands on high-tech electronic devices that can be used to break into vehicles. Also, they warn, these devices could be used to start and steal vehicles, …

Health, Wealth, Technology Drive Graying of America’s Roadways

Richard Emmons, 83, likes to spend his weekends cruising around in a 1995 Jaguar convertible with a big 12-cylinder engine. His weekday drive is either a 2009 Volkswagen Eos or the $82,000 Audi A8 sedan he bought in November. After …

Switzerland Is 1st Nation to Lift Iran Sanctions; Re/Insurer Policies Affected

Switzerland is lifting sanctions against Iran after the Gulf state sealed a historic accord with world powers to curb its nuclear program. The move on Wednesday made it the first nation to remove sanctions since the July 14 deal, which …

UK Regulator Toughens Rules to Hold Insurers’ Execs Responsible for Failures

UK insurers face tougher conduct rules as the Financial Conduct Authority makes it easier to hold individuals at financial firms to account for failures on their watch. The FCA issued final rules on Thursday amending its accountability framework for firms …

Zurich Launches Management Liability Offering for SMEs in Australia

Zurich is launching a new management liability offering, specifically designed to protect small to medium enterprises (SMEs) in Australia, with turnovers up to AUD$50 million. The new product will be provided via “Z.stream,” the company’s electronic broking system. Z.stream* already …

U.S. Appeals Ruling in Greenberg’s Case Against AIG Bailout

The United States filed an appeal on Wednesday against a U.S. judge’s ruling in June that sided with former American International Group chief executive Maurice “Hank” Greenberg on a legal claim over the company’s 2008 bailout. A judge in the …

Plane-Drone Encounters to Top 1,000 This Year: FAA

Pilot encounters with drones are on pace to at least quadruple to more than 1,000 this year, highlighting a growing threat to U.S. aviation by unmanned aircraft. There were 650 cases reported to the Federal Aviation Administration through Aug. 9 …