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

Wind and Rain from Hurricane Matthew Block Roads, Cut Power in Virginia

High water and downed trees are blocking roads and tens of thousands of people are without power as southeastern Virginia cleans up after Hurricane Matthew’s heavy rain and winds. Dominion Virginia Power says more than 100,000 customers in Virginia are …

Fire Damages Nearly a Dozen Homes at Pennsylvania Apartment Complex

Fire officials say flames swept through an eastern Pennsylvania apartment complex, causing extensive damage to a unit of about a dozen homes. More than a dozen firetrucks and ambulances responded to the blaze at the Parkland View Apartments in Upper …

Dentons Hires Sarchio to Insurance Regulatory Practice in New York and Florida

Global law firm Dentons has named John J. Sarchio as a partner in its insurance regulatory practice. In this role, he will advise clients on insurance industry mergers, acquisitions and financings, reinsurance transactions, self-insurance and captive programs and insurance regulatory …

Insurance Agent, Industry Leader Bolton Remembered as Friend and Mentor

William Bolton, head of a large national brokerage, leader of an influential regional brokers group and chairman of Assurex Global during his nearly half-a-century in insurance, is being remembered by those close to him as a friend and mentor. Bolton …

How Self-Driving Cars Will Make Motorcycles Safer

Self-driving technology promises to pretty much transform the auto industry as we know it. It may also change the business of selling motorcycles—but in a very different way. It all comes down to safety, according to Karl Viktor Schaller, head …

Update: Samsung Ends Production of Galaxy Note 7 After New Battery Fires

Samsung Electronics Co. is ending production of its problematic Galaxy Note 7 smartphones, taking the drastic step of killing off a smartphone that became a major headache for the South Korean electronics maker. After halting sales of the new versions …

Marsh Names IBM’s Drab as CEO of Technology Provider Dovetail Insurance

Insurance broker Marsh reported that Rich Drab has joined the firm as chief executive officer of Dovetail Insurance, a provider of insurance technology services for the U.S. small commercial market. In this role, Drab will focus on growing Dovetail’s business …

Giordano Joins Florida-Based DUAL North America as Non-Executive Director

DUAL North America has announced that Jim Giordano will join the company as a non-executive director. The company said in this role Giordano will contribute to the DUAL Board in areas relating to corporate strategy, underwriting and financial performance as …

It’s Official: Florida Workers’ Comp Rates Going Up Nearly 15%

The Florida Office of Insurance Regulation (OIR) has issued a final order granting approval to the National Council on Compensation Insurance (NCCI) for an overall combined statewide average rate increase of 14.5 percent. This rate increase applies to both new …

Lawsuit Alleges Yahoo Discriminated Against Men in Employment

A Yahoo Inc. media executive fired from the internet company last year has filed a lawsuit claiming a job review process implemented by Chief Executive Marissa Mayer was used to cut men from executive ranks and lay them off illegally, …