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

New York Launches Website for Extreme Weather

New York is launching a website to help communities across the state prepare for extreme weather. The website created by the New York State Energy Research and Development Authority (NYSERDA) provides access to more than 1,000 maps, data on sea …

Weaver Wins BIG Conference Hall of Fame Award

Brian Weaver, senior vice president of sales for Aegis Specialty, was given the Brokers Insurance Group Hall of Fame award on Saturday at the Riverside Convention Center in California. BIG is an association that works with the independent broker/producers in …

Medical Device Firm to Pay Massachusetts $1.9M in Kickback Settlement

Authorities announced that a medical device distributor has agreed to pay nearly $1.9 million to Massachusetts’ Medicaid program (MassHealth) over an alleged scheme to pay kickbacks to health care providers. Massachusetts Attorney General Maura Healey’s office announced the settlement Monday. …

World Drone Business to Grow More Than 6000% by 2020 in $127B Market: PwC

Drones will soon be boosting crop yields, verifying insurance claims, and assisting in future Hollywood blockbusters in a business that’s due to boom by more than 6,000 percent by the end of the decade. The global market for commercial applications …

Citizens Implements Contract Changes to Address Florida Water Losses

Citizens Property Insurance Corp. is alerting policyholders to important policy changes beginning July 1 as part of the state-backed insurer’s efforts to improve communication and protect customers early in the claims process while controlling costs that it has said threaten …

Alberta Wildfires Spare Almost 90% of Fort McMurray, Canada’s Energy Hub

The massive wildfires that swept through Canada’s energy hub of Fort McMurray left almost 90 percent of the city intact, including most of the downtown core, while completely leveling some neighborhoods. “This city was surrounded by an ocean of fire …

New York Regulator Approves New Virtual Currency Exchange

New York state has approved regulations allowing a new virtual currency called Ether. Gov. Andrew Cuomo, a Democrat, and the state’s Department of Financial Services announced the move on May 5. The regulations will govern the new virtual exchange, called …

Aspen Insurance Names Nazir as Head of International Cyber Risk, Lang as U/W

Aspen Insurance, the insurance segment of Aspen Insurance Holdings Ltd., has appointed Raheila Nazir as head of International Cyber Risk. Joining Aspen in the summer, Nazir has more than 16 years’ experience as an underwriter across different product lines, including …

Voters in Texas Capital Keep Fingerprinting for Rideshare Drivers

Fingerprinting drivers for ride-hailing companies must continue in Texas’ capital city after voters rejected a $9 million campaign by Uber and Lyft to overturn the safety measure. Both Uber and Lyft threatened to leave Austin, which hosts major annual events …

Louisiana Officials Tell Drivers Insured by Affirmative to Get New Coverage Now

Louisiana’s Office of Motor Vehicles reminds drivers whose vehicles are insured by Affirmative Insurance or Affirmative Casualty Insurance that they need to have new coverage by 11:59 p.m. Wednesday. Otherwise, says Commissioner Karen G. St. Germain, they could face a …