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

Samsung Halts Note 7 Production Following Reports of New Battery Fires

Samsung Electronics Co. halted production of its Note 7 smartphones after customers reported problems with new devices, the latest blow in a six-week crisis over exploding phone batteries. Samsung temporarily suspended production of its most expensive phone, a person with …

Maine Building Where 6 Died Was Unsafe, Prosecutor Says

A building where six people died in one of the deadliest fires in Maine in decades was unsafely operated as an illegal rooming house, a prosecutor said in a closing statement in the trial of the building’s landlord. Closing arguments …

Chicago Insurance Agent Joins National Board of InVEST

Insurance industry classroom-to-career education program, InVEST, has added Charles Hilson to its national board as an agent member. Hilson is president of the Talent Pipeline Division of Risk Management Solutions of America Inc. (RMSOA) in Chicago. Hilson joined the RMSOA …

Researchers Say Rise in Foreclosures Tracks with Spike in Oklahoma Earthquakes

Contrary to the trend in most of the nation, home foreclosure rates in Oklahoma have risen over the past two years, and some researchers say increased earthquake activity in the state may be a factor. California-based housing data provider, ATTOM …

Contractor Lacked Safety Permit Before Pennsylvania Bridge Fire

A contractor didn’t obtain a key safety permit before welding caused plastic pipe and a construction tarp to burn on the Liberty Bridge last month, resulting in a 24-day shutdown of a primary artery into downtown Pittsburgh, the city’s fire …

Pennsylvania Adopts New Fracking Regulations

New regulations governing the extraction of natural gas through fracking went into effect on Saturday in Pennsylvania, the first overhaul since the industry took off in the state more than 10 years ago. The new rules allow the state’s department …

China to Encourage More Investments in Portugal (Including Insurance)

China will encourage more of its companies to invest in Portugal in areas such as finance, insurance, health care and infrastructure, President Xi Jinping has told the visiting Portuguese Prime Minister Antonio Costa. Both countries need to deepen cooperation in …

Markel International Appoints O’Shea as Head of Reinsurance Claims

Markel International, the London-based specialist insurer, has appointed Chris O’Shea as head of reinsurance claims. O’Shea will oversee a portfolio of claims including those from the reinsurance teams based in London, Singapore and Latin America, as well as a portfolio …

Esurance Doubles-Down on Election Coverage Prank with Sweepstakes

Online insurance seller Esurance, which offered fake Election Insurance in an April Fools’ Day prank that it says created a “furor of demand” from Americans this election year, has created a sweepstakes for people who want to “explore their future …

Nebraska County Appeals $28.1M Judgment Won by Exonerated Inmates

Gage County, Nebraska, is appealing a $28.1 million civil judgment it faces in a lawsuit filed by six people who were wrongly convicted of the 1985 rape and homicide of a Beatrice woman. The Lincoln Journal Star reports that the …