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

Texas Supreme Court: Loss-of-Use Damages Allowed in Total Loss Cases

Are loss-of-use damages, such as lost profits, allowed in Texas when an insured has recovered fair market value on a commercial vehicle that is deemed a total loss after an accident? The Texas Supreme Court thinks so, despite an insurer’s …

Survey of Economists Shows Climate Change Impact Sooner, More Severe

The impact from climate change is more imminent than most believe, and it’s going to take a big economic chunk out of a lot of bottom-lines. That’s according to a recent report from the Institute for Policy Integrity, a non-partisan …

Ironshore Opens Seattle Branch Office to be Led by Sonon

Ironshore Inc. has announced the opening of a branch office in Seattle, Wash., to be led by Daniel Sonon as branch executive. Sonon will be responsible for marketing across all Ironshore business lines, reporting to Jeremy Frumkin, branch executive based …

Alliant Taps Hostelley in Colorado for Aviation Practice

Alliant Insurance Services Inc. has hired aviation industry specialist Darwin Hostelley as first vice president. Hostelley will be based in Denver, Colo. Hostelley is a certified pilot. Prior to Alliant he was a senior vice president with a global insurance …

California Commissioner OKs New insurance Products to Fill Ridesharing Gap

California Insurance Commissioner Dave Jones approved a new insurance product by USAA designed to close the gap in insurance coverage for drivers driving for all ridesharing companies. The product is now available to USAA’s California drivers for all ridesharing companies, …

Northern Mid-Atlantic Region Braces for Big Storm, Significant Snowfall

The South and East are bracing for a nor’easter at week’s end with the potential for significant snowfall. The National Weather Service’s Weather Prediction Center warns of heavy, “perhaps crippling” snow across the northern mid-Atlantic region, including Baltimore, Washington and …

Sandridge Energy Agrees to Reduce Wastewater Volume in Oklahoma Wells

Sandridge Energy has agreed to a plan from the Oklahoma Corporation Commission’s Oil and Gas Conservation Division (OGCD) that will both reduce the volume of wastewater being injected in the Medford and Cherokee/Byron areas, and convert some wells from disposal …

Mass. Senate to Consider Ban on Using Handheld Cellphones While Driving

Motorists in Massachusetts may soon have to put down their cellphones when they’re on the road. A bill prohibiting the use of hand-held mobile electronic devices while driving would also make it illegal to enter information by hand into a …

NYC Mayor de Blasio Says City’s Streets Have Never Been Safer

New York City Mayor Bill de Blasio says the city’s streets have never been safer. The Democratic mayor on Tuesday said traffic and pedestrian fatalities dropped to their lowest level in 2015, ever since they began record keeping in 1910. …

N.Y. Gov. Cuomo Nominates Vullo to Head Department of Financial Services

New York Gov. Andrew Cuomo today nominated Maria Vullo, an attorney and former staffer, as superintendent of the New York State Department of Financial Services (NYDFS).