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

Zurich Global Corporate North America Names AIG’s Pickens as Chief Underwriter

Don Pickens is the new chief underwriting officer for Zurich’s Global Corporate in North America (GCiNA). The position was previously held by Patrick Daley, who will assume a new role as head of Property for the East region within GCiNA. …

Emergency Declaration from California Governor for Sempra Gas Leak

California Gov. Jerry Brown declared a state of emergency to protect residents from natural gas that has been leaking from Sempra Energy’s underground storage site near Los Angeles for more than two months. Brown said he was directing state agencies …

Drone Registrations Top 180,000 in First 2 Weeks

One of the most important players in the booming drone industry isn’t a hardware manufacturer; it’s the U.S. Federal Aviation Administration. So attendees at the Consumer Electronics Show on Wednesday flocked to hear a policy update from the FAA, which …

U.S. Releases ‘Do-Not-Fly-Zone’ App for Drone Operators: B4UFLY

Drone operators who want to know if it’s safe and legal to operate their unmanned aircraft in a particular spot learned this week that there’s now an app for that from the government. The Federal Aviation Administration has released a …

Judge Throws Out ‘Everybody Does It’ Defense in Shareholder Class Action

Corporate legal battles are often decided on nuanced readings of dense statutes, but one recent ruling that could expose scores of U.S. companies to shareholder lawsuits turned partly on a much simpler defense: everybody is doing it. That failed to …

GM Backs Remote Software Updates But Not for Critical Systems

General Motors Co. will not use ‘over-the-air’ upgrades, a way of remotely updating software on its vehicles, for safety-critical vehicle systems such as brakes, the automaker’s product development chief said on Wednesday, signaling a different approach from electric car maker …

Its Own Scientists Question EPA Claim Fracking Is Safe for Drinking Water

A landmark study by the U.S. Environmental Protection Agency that concluded fracking causes no widespread harm to drinking water is coming under fire — this time, from the agency’s own science advisers. The EPA’s preliminary findings released in June were …

Obama to Veto Affordable Care Act Repeal Passed by Congress

The House voted Wednesday to repeal most of Obamacare, sending legislation to President Barack Obama for the first time that would dismantle his biggest domestic policy achievement. The 240-181 House vote, following Senate passage of the bill Dec. 3, won’t …

AIG CEO Hancock Plans Public Webcast on His Vision, ‘Proactive Plan’ for Insurer

American International Group Inc., the insurer that has rebuffed activist investor Carl Icahn’s push to divide into three companies, set a Jan. 26 presentation to outline Chief Executive Officer Peter Hancock’s vision. The presentation will be a live webcast at …

H.W. Kaufman Financial Group Acquires Toronto-Based Technical Risk Services

H.W. Kaufman Financial Group, headquartered in Farmington Hills, Mich., has acquired Technical Risk Services (TRS), a Toronto, Canada-based specialist in loss control services, inspections, and risk control consulting. TRS is a full-service loss control inspection and consulting firm that has …