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

Fire Marshal Says Pennsylvania Lumber Mill Suffered at Least $7M in Damage

A fire at a hardwoods lumber mill in north-central Pennsylvania has caused $7 million to $10 million in damage. That’s the assessment of the state police fire marshal investigating early Saturday’s fire at Emporium Hardwoods in Shippen Township. That’s in …

White House Weighing Changes to Ryan Health Care Bill

House Speaker Paul Ryan doesn’t plan to make major changes to Republicans’ plan to replace Obamacare, according to a GOP aide, but the White House says it’s talking with members of Congress who want to amend the legislation. “We’ve always …

Two Ex-Penn State Officials Plead Guilty in Child Sex Abuse Scandal

Two former Penn State administrators accused of covering up child sexual abuse allegations against Jerry Sandusky pleaded guilty to reduced charges Monday, more than five years after the scandal rocked the university and led to the downfall of football coach …

AIG Directors Asked CEO Hancock to Resign to Avoid Fight with Icahn: WSJ

American International Group Inc.’s decision to remove Peter Hancock as its chief executive was to avoid a proxy battle with billionaire activist investor Carl Icahn, the Wall Street Journal reported, citing people familiar with the matter. AIG said last week …

Smartphone-Only, Fintech Startup N26 Triples Customers Over Past Year

German smartphone-only bank N26 said on Wednesday the number of customers using its online accounts rose to more than 300,000, tripling in size from a year ago, as the company marks progress as a pioneer in pan-European banking for mobile …

4 Reasons that Maybe is My Favorite Insurance Word

Maybe. That’s a word that brings a whole lot of frustration with it, isn’t it? It brings back days when my sons asked about going someplace special, “Dad, are we going to Darien Lake this year?” Maybe. How about this …

Pirates Demand Ransom for Oil Tanker Hijacked off Coast of Somalia

Pirates off the coast of Somalia, who hijacked an oil tanker with eight Sri Lankan crew on board, are demanding a ransom for the release of the vessel, the EU Naval Force said. The pirates seized the Comoros-flagged Aris 13 …

United Educators Insurance Expands Coverage for Unmanned Aerial Vehicles

Bethesda, MD, March 15, 2017โ€”United Educators Insurance (UE), a Reciprocal Risk Retention Group (RRG) celebrating its 30th anniversary this year, is expanding its general liability (GL) coverage for unmanned aerial vehicles (UAVs) used at the schools, colleges, and universities it …

Florida Insurance Agency Employee Accused of Stealing $1M From Employer

A Florida insurance agency employee was arrested following an alleged scheme that officials claim bilked her Ft. Lauderdale-based employer out of more than $1 million, according to a statement from Chief Financial Officer Jeff Atwater. Jennifer Summerlott, a former customer …

Chubb Off the Hook for Legal Fees in Dispute With Mississippi Hospital System

Singing River Health System in Mississippi has lost its case in the 5th Circuit Court of Appeals against an insurance company that has been paying the hospital system’s legal fees in the court battle against its retirees. The Sun Herald …