Monthly Archives: <span>February 2017</span>

Oregon Jury Sides With City in Police Dog Attack

An Oregon jury has ruled against a man who sued the city of Salem after he was bitten by a police dog. The Statesman Journal reported John Hillebrand sought $1 million for physical pain, emotional harm and legal fees. Hillebrand …

Group in Oregon City Is Suing Its Carrier over a Fire Payout

The Eugene Civic Alliance in Oregon has sued its insurance carrier for more than $325,000 after the burning of Civic Stadium. The Register-Guard reported that the nonprofit group wants to build a new complex on the former site of the …

Fire Destroys Most of New Jersey Luxury Apartment Complex Near Completion

Authorities say a fast-moving fire has destroyed most of a luxury apartment complex that was about to open to residents. But it’s not yet clear what caused the fire at the Avalon apartments in Maplewood, N.J. The construction site blaze …

Philadelphia Insurance Promotes Decker to SVP of Underwriting

Philadelphia Insurance Companies has promoted James Decker from vice president to senior vice president of Underwriting. Decker will continue to oversee the Sports, Recreation, and Public Service Underwriting divisions in his new role. Decker has worked in the insurance industry …

Doctor Charged in Rhode Island with Pushing Painkiller, Receiving Kickbacks

A doctor has been indicted on charges accusing him of getting kickbacks on prescriptions of a highly addictive painkiller written for patients who didn’t need the drug. Jerrold Rosenberg, a pain specialist and clinical assistant professor at Brown University, pleaded …

Commercial Health Plans’ Spending on Drugs Slowed in 2016: Express Scripts

Express Scripts Holding Co., the largest pharmacy benefit manager in the United States, said prescription drug spending for its members slowed to less than 4 percent in 2016, at a time when scrutiny of drug price hikes has intensified. Prescription …

Beazley Buys Canadian Specialty MGA, Creechurch Underwriters

Beazley is expanding its presence in Canada with the acquisition of the specialist managing general agent, Creechurch Underwriters. The financial terms of the transaction were not disclosed. Since its founding in 1996, Creechurch has built a strong reputation for providing …

New Electronic System Could Increase Costs for Vermont Car Inspections

The costs of motor vehicle safety inspections could go up in Vermont as inspection stations start using a new electronic system. The safety requirements for vehicles will remain the same, but it’s thought some mechanics will raise their fees to …

Blockchain Insurance Industry Initiative B3i Grows to 15 Members

The Blockchain Insurance Industry Initiative B3i, which was launched in October 2016 to explore the potential use of distributed ledger technology, has grown to 15 members from its original five. Members of the B3i initiative are collaborating to explore the …

Marsh Launches Cyber Risk & Data Breach Cover for Non-US Clients

Marsh has launched Marsh CyberShield, an exclusive cyber risk and data breach insurance policy for mid- to large-sized organizations. Available globally to Marsh clients outside of the US, Marsh CyberShield can provide up to £500 million ($624 million) in cover …