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

New Mexico Village Gets $2.4M for Repairs from 2008 Storms

The village of Ruidoso in New Mexico will receive more than $2.4 million from the federal government to help with the cost of repairing sewer pipes damaged by storms and flooding nearly eight years ago. Members of New Mexico’s congressional …

OSHA Penalties Going Up Starting August 1

The U.S. Department of Labor announced that its agencies will begin adjusting their penalties for inflation. Maximum penalties issued by the Occupational Safety and Health Administration (OSHA), which have not been raised since 1990, will increase by 78 percent. The …

Hub Acquires Assets of Gateway Financial Affiliated Agency in Pennsylvania

Global insurance brokerage Hub International Limited has acquired the assets of Tenth Dot Benefit Solutions, an employee benefits agency in Pittsburgh that is affiliated with Gateway Financial Group Inc. and does business as Gateway Financial. Terms of the deal were …

Future of Boston’s July 4th Celebration In Doubt Without a Successor to Sponsor Liberty Mutual

This Fourth of July, the cannons roared and the fireworks burst in brilliant colors as a world class orchestra drove home the climactic finale of Tchaikovsky’s “1812 Overture,” as they have for decades over Boston’s Charles River. Pop stars Nick …

Death of Lifeguard Trainee on Cape Cod a Reminder That Saving Lives Requires More Than Being Fit

On the Saturday morning of Memorial Day weekend, Jack Jakubek, 22, was in the middle of the swim portion of the Nauset Beach lifeguard test that should have been a walk in the park for him. Jakubek was supremely fit, …

Connecticut Father, Son Challenge Government’s Authority to Regulate Recreational Drones

A Connecticut father and son are headed for a court showdown with the Federal Aviation Administration over whether the agency can force them to disclose information about drones shown in two YouTube videos firing a gun and deploying a flame …

Transportation, Tragedy and Lessons from Tesla Autopilot Fatality

Every car on the roads is an accident waiting to happen. It’s about time Silicon Valley woke up to the fact. The boom in autonomous-driving technology offers the prospect of one day reducing the roughly 90 percent of road accidents …

Health Insurer Merger Interest Could Turn to Smaller Plans

A breakup of Anthem Inc.’s $48 billion bid for Cigna Corp., under scrutiny by U.S. antitrust regulators, could spark new deals for smaller health plans in a continued wave of industry consolidation. Smaller insurers could become targets for Cigna, including …

Marsh: Industry Must Adapt to Meet Changing Terrorist Threats

The federal terrorism reinsurance program in 2015 has helped maintain certainty and stability for the U.S. market even as the nature of terrorist acts has changed, according to global insurance broker Marsh in its latest report. However must continue to …

Treasury Recommends Some Terrorism Premiums Be Retained for Future Claims

In a report that concludes that the federal terrorism risk insurance program “remains an important mechanism” for ensuring that terrorism risk insurance is available and generally affordable, the U.S. Treasury Department also calls for changes including requiring participating insurers to …