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

MetLife, U.S. Renew Court Battle Over ‘Too Big to Fail’

The U.S. government and the country’s largest life insurer are set for a rematch in a U.S. appeals court on Monday over how federal regulators decide a company is “too big to fail,” one of the most significant reforms to …

S&P: Few North Carolina Residents Hit Hardest by Matthew Have Flood Insurance

With historic flood levels in North Carolina receding in the aftermath of Hurricane Matthew, preliminary estimates show that only a sliver of commercial and residential properties in areas most impacted by the storm are covered by policies through the National …

Damage to South Carolina Crops from Hurricane Matthew May Rival 2015 Flooding

South Carolina Department of Agriculture Commissioner Hugh Weathers says crops in some areas of the state may have sustained as much damage from Hurricane Matthew as they did from last year’s historic flooding. The Herald-Journal reports Weathers provided an update …

RV Salesman in Washington Caught on Camera in Workers’ Comp Scam Fined $81K

A recreational vehicle salesman in Washington who claimed he couldn’t work because of an on-the-job injury has been ordered to pay back more than $81,000 in state disability benefits. Bobby Ray Johnson, 48, pleaded guilty to felony first-degree theft in …

XL Catlin Introduces Cyber Insurance Endorsements for Specific Industries

XL Catlin’s Cyber & Technology has unveiled endorsements for financial institutions, healthcare, retailers as well as energy and utility companies that address cyber risks of each industry. “All businesses are growing more and more connected. Yet, they still have their …

Clune Named Lockton’s U.S. President, Chief Operating Officer

Global insurance agency Lockton has named Peter Clune to be its next U.S. president and chief operating officer, effective May 1, 2017. He will succeed Glenn Spencer who was previously named president and CEO of Lockton Inc.’s global operations effective …

Danger! They Think We’re Stupid

Unintentional injury is the leading cause of death among teenagers and adults 15 to 44. According to the Centers for Disease Control (CDC), more than 43,000 people between 15 and 44 died in 2013 as a result of unintentional injury. …

Judge Says No New Defendants in Wrongful Death Suit in Iowa

The family of a Des Moines, Iowa woman who died of a prescription-drug overdose is appealing a judge’s rejection of their motion seeking to name the doctor’s former health system as defendants. Brandy Stoutenberg’s relatives originally blamed Dr. Daniel Baldi …

Numerous Quakes Recorded in Oklahoma over Past 2 Days

Several earthquakes have been recorded in northwest Oklahoma during the past two days, including one of magnitude 4.0. No injuries or significant damage have been reported. The U.S. Geological Survey reports a 4.0 and 3.5 magnitude quakes Friday afternoon near …

PPG in Louisiana Fined $92K over Safety Violations

Federal regulators have fined PPG Industries in Westlake, La. $92,642 for nine “serious” safety violations. The U.S. Occupational Safety and Health Administration says the violations include failing to monitor air in confined areas, not inspecting piping safety relief valves and …