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

Sompo Canopius & Mexico’s GNP Form Strategic Partnership

Sompo Canopius AG and Mexico’s Grupo Nacional Provinical SAB formed a strategic partnership. This arrangement will help both parties to develop new business and insurance products for the Mexican market, “capitalizing on GNP’s position as a leading domestic insurer and …

Even with Rescue, Puerto Rico Default Likely; Insurers Still at Risk for Millions

Investors in Puerto Rico’s debt-burdened economy still face risks of default on some of the island’s $70 billion in debt even after the U.S. Congress on Wednesday created a powerful federal oversight board to manage credit restructurings. U.S. President Barack …

Insurance Office of America Acquires Hornung Agency in Delaware

Insurance Office of America (IOA) of Longwood, Florida, has acquired Thomas J. Hornung & Associates, an independent insurance agency in the Wilmington, Delaware area. Thomas J. Hornung, who founded the agency in 1997, and all employees will join the IOA …

Hard Hat Saved Life of Construction Worker at Syracuse Site

Police said a worker’s hard hat likely saved his life after he was hit by a falling steel beam at a suburban Syracuse, New York construction site. Officials told The Post-Standard of Syracuse that officers responded around 11 a.m. Monday …

New York’s High Court Rules on Joint Duty to Warn of Asbestos Danger

New York’s highest court has upheld court judgments against a steam valve manufacturer, citing its failure to warn of the dangers of using its valves with gaskets and packing that contain asbestos. The Court of Appeals rejected Crane Co.’s argument …

Judge: Delaware’s Aggressive Abandoned Property Practices Violate Due Process

A federal judge this week blasted Delaware’s practice of collecting abandoned property, issuing a ruling that could have dire budget consequences for the state. U.S. District Court Judge Gregory Sleet said Delaware’s abandoned property, or escheat, practices violate due process …

How Medical Schools Are Altering Their Training to Address Opioid Epidemic

At first, the woman tried to hide her painkiller problem. She told the doctor that she still had pain from her past pregnancy, and that she just wanted a refill on her pain medication. After a few questions, though, she …

Uber Using Software to Track Drivers’ Behavior

Using smartphone sensors to peek over its drivers’ shoulders, Uber is promising to keep a closer eye on their behavior — while discouraging speeding or slamming on the brakes. The global ride-hailing company on Wednesday announced an extensive test of …

73% of U.S. Drivers Welcome Commuting with Robot Behind the Wheel: Survey

Almost three-quarters of U.S. drivers are eager to replace the daily commute’s drudgery with a self-driving car and 80 percent say they would pay extra to have a robot take the wheel, according to a survey that contradicts other recent …

NJM Elevates Livingston to Executive VP, Counsel; Announces 5 Other Promotions

New Jersey property/casualty insurer NJM Insurance Group announced that Mitchell A. Livingston has been promoted to executive vice president and corporate counsel. Livingston, who is also a member of NJM’s board of directors, is responsible for leading the company’s strategic …