Monthly Archives: <span>January 2016</span>

Earthquakes and Resulting Lawsuits Persist in Oklahoma

A group of Edmond residents filed a lawsuit on Jan. 11 against 12 energy companies, claiming that their saltwater disposal wells were partly to blame for earthquakes in central Oklahoma. The lawsuit seeks a permanent injunction to stop the use …

New Ohio Law Strengthens Regulation of Certificates of Insurance

A new Ohio law that provides strengthened regulatory protocols and oversight in relation to certificates of insurance is now in effect. Businesses often share the document as proof that they have insurance, Ohio Department of Insurance said. House Bill 259 …

People – Midwest

Jamie Van Riet has been promoted to the role of Director of Operations at Middleton, Wis.-based Compass Specialty Risk LLC. Van Riet previously worked as an account manager for Compass Specialty Risk, overseeing compliance. She will now manage the company’s …

Missouri Joins Other States in Barring Insurers’ Use of Price Optimization

In mid-January, the Missouri Department of Insurance issued a bulletin to insurers reminding them that the rating practice generally known as “price optimization” is prohibited in the state. “Price optimization” is the practice of measuring and modifying insurance prices based …

Workplace Deaths Down in North Dakota Oil Patch

The number of work-related deaths in the North Dakota oil patch in 2015 dropped from the previous year. Occupational Safety and Health Administration data show three such fatalities last year, down from seven in 2014 and 10 in 2013. Eric …

Indiana Company to Pay $100K to Resolve Age Discrimination Suit

Seymour Midwest, a Warsaw, Ind., hand tool manufacturing company, will pay $100,000 and furnish other relief to resolve an age discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the agency announced. According to EEOC’s suit, Seymour Midwest …

Two Florida Clinic Owners Charged With Defrauding Insurers

The Florida Department of Financial Services’ Division of Insurance Fraud (DIF) announced the arrest of two unlicensed clinic owners from Miami-Dade County. Noel Ruiz of Miami and Alberto B Franco of Hialeah were accused of being involved in a “straw …

AIG Eyes Partial Spinoff of Mortgage Insurance Unit: Reuters

American International Group Inc. has decided to pursue a spin-off of its mortgage insurance business, according to people familiar with the matter, in a move that would come as the U.S. insurer fends off activist investor Carl Icahn. The spin-off …

Texas Man Gets Life for 10th Drunk Driving Conviction

A judge concerned about public safety sentenced a 62-year-old North Texas man to life in prison for his 10th drunken driving conviction since the 1980s. Ivy Ray Eberhardt, of Weatherford, Texas, would be eligible for parole after serving 15 years. …

Flood-Prone Louisiana to Get $234M to Move Village, Control Stormwater

In a nod to the threat Louisiana faces from flooding, the federal government is sending $233.8 million in grants to Louisiana to relocate a coastal American-Indian village, prevent damage from hurricanes and make a suburban slice of New Orleans better …