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

California Wildfire Contained, Now Comes Worries About Landslides

As firefighters mopped up the remains of a wildfire on the Southern California coast, authorities turned their focus to a new concern: a landslide if rain pounds the charred hills. In a heavy rain, the denuded soil could threaten nearby …

Wall Street May Create UK-Like Registry of Misbehaving Bankers, Traders

Bankers’ misdeeds would be cataloged, by name, on a private registry for hiring managers under a proposal that’s gaining traction as Wall Street firms struggle to restore reputations damaged by the financial crisis and the Libor and foreign-exchange scandals. When …

Expert: How Payroll Misclassification Impacts California Workers’ Comp

Premium misclassification or payroll misclassification is a significant issue for the workers’ compensation industry, according to Bret Shroyer, a solutions architect for Denver, Colo.-based Valen Analytics. Shroyer estimates that roughly $22 billion of payroll is misclassified each year, and the …

Heffernan Executive Named Chair of California Trucking Association Chapter

Owen Oakley, vice president at Heffernan Insurance Brokers, has been named chairman for the San Francisco chapter of the California Trucking Association. Owen previously served as a steering and planning committee representative for the association. His new duties include overseeing …

Dollar General Claim Challenges Tribal Sovereignty Before Supreme Court

The idea that American Indian tribes are sovereign has a checkered history, in which it’s been both a sword for taking away Indians’ land and a shield for protecting some vestige of self-determination. Tribal sovereignty was before the U.S. Supreme …

Big ‘I’ Names Hanley as Director of Agency E&O Program

The Independent Insurance Agents and Brokers of America (Big “I”) has named James Hanley as the new director of its agency errors and omissions insurance program. Hanley will lead the insurance and risk management program that is offered to member …

Ironshore Names DeSantis of Farmers as CEO of Wright & Co.

Ironshore has named Anthony J. DeSantis as chief executive officer of Wright & Co, a wholly -owned program administrator subsidiary. He will be responsible for leading Wright & Co.’s existing direct to consumer platform, as well as building upon the …

IRS Extends Employers’ Reporting Deadlines Under Obamacare

The U.S. Treasury and Internal Revenue Service said they are extending some Affordable Care Act reporting deadlines to help companies meet the requirements. Employers will have two more months past Feb. 1 to give individuals forms for reporting on offers …

Update: U.K. Insurers Face Flood Claims up to $2.2B – with More Storms Ahead

Insurers are facing some of the costliest British floods on record as large parts of northern England, already inundated, brace for more heavy rain. Accountants estimate that insurers are currently facing a bill of up to 1.5 billion pounds ($2.22 …

Tokio Marine Kiln Hires Brand & Lynchehaun as Liability Underwriters in London

Tokio Marine Kiln (TMK), the provider of specialist and corporate insurance, has appointed Andrew Brand and Dervla Lynchehaun as liability underwriters in its London office. With more than a decade of experience, Brand joins TMK from QBE Insurance where he …