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

Black Pedestrians at Higher Risk Than Whites at Crosswalks from Motorists Not Stopping

Motorists approaching mid-block crosswalks are less likely to yield for black pedestrians than white pedestrians and the pedestrian bias is apparently even worse in high-income than low-income neighborhoods, according to a new study out of the University of Nevada at …

Massachusetts and Rhode Island Doctor Pleads Guilty for Overprescribing Opioids

At Dr. Fathalla Mashali’s pain management clinics, the waiting rooms were often so packed with patients that people sat on the floor, leaned against walls and spilled into the hallways. That’s because, federal prosecutors say, Mashali was prescribing oxycodone and …

Advising Businesses on Business Interruption Insurance

With the recent late-winter storms that have hit the Northeast, many businesses could have suffered a loss of revenue they were not anticipating. If a business owner was impacted by this latest storm, chances are his or her company was …

When Will Self-Driving Cars Be Rolled-Out? Carmakers, Suppliers Disagree

Carmakers and suppliers gave widely differing timelines for the introduction of self-driving vehicles on Thursday, showing the uncertainties surrounding the technology as well as a split between cautious established players and bullish new entrants. Chipmaker Nvidia, facing direct competition with …

New Hampshire-Based SAN Group Names Huffman Insurance Portfolio Manager

Satellite Agency Network Group Inc. (SAN), an alliance of independent insurance agencies in the Northeast headquartered in Hampton, N.H., has named Alexandra Huffman as insurance portfolio manager. In this role, Huffman is responsible for oversight of SAN Group’s portfolio of …

KKR and CDPQ Announce Joint Acquisition of New York-Headquartered USI

KKR, a global investment firm, and Caisse de dépôt et placement du Québec (CDPQ), a long-term institutional investor, have announced their joint acquisition of USI Insurance Services (USI), a U.S. insurance brokerage and consulting firm headquartered in Valhalla, N.Y. As …

Florida Property Insurers Largely Avoid Downgrades, For Now: Demotech

Ratings company Demotech is holding off on issuing large-scale ratings downgrades of Florida property insurers for now, after a number of insurers heeded its warning of last month about the effects of assignment of benefits abuse and state court rulings …

Experience Is Everything for Krefta, CEO-in-Waiting at Hiscox Re & ILS

When someone gets to be a CEO at the age of 36, perhaps it’s a good idea to listen to his story about how he got there and some of the lessons he’s learned. From his current position as chief …

Thousands of Safer Ethanol Rail Tank Cars Sit Idle: Reuters

While crossing a small wooden bridge in northwestern Iowa last Thursday, 20 rail tank cars in a mile-long train transporting ethanol flew off the tracks, sending fireballs into the sky, while thousands of gallons of the biofuel leaked into the …

High-Net-Worth Individuals Concerned About Underinsurance: Chubb

More than half (54 percent) of high-net-worth individuals (HNWIs) are concerned that they are underinsured, with many worried their coverage is inadequate for their needs, according to new research published by Chubb. Despite this concern, out of 500 HNWIs surveyed …