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

Trial Nears for Final Defendant in Delaware Murder-For-Hire Case

A judge is holding a final case review for the last of four defendants charged in the murder-for-hire killings of a Delaware couple. Monday’s court proceeding comes as a trial looms for Dominique Benson in the 2013 deaths of Joseph …

Insurers Will Easily Swallow Harvey’s Claims but Growing Climate Risk Predicted

Damages from Hurricane Harvey’s ravaging of Houston and the Texas Gulf Coast are estimated to be well below those from the major storms that hit New Orleans and New York in recent years, insurance executives have said. Though insurers should …

Massachusetts Prosecutors Seek $13M in Deadly Meningitis Outbreak

Boston federal prosecutors are seeking more than $13 million from a Massachusetts pharmacy co-founder who was sentenced to prison in a nationwide meningitis outbreak that killed 76 people and sickened hundreds more. The Boston Globe reports that the U.S. Attorney’s …

Vermont’s The Richards Group Joins The Northern United Agents Alliance

The Northern United Agents Alliance (NUAA) has announced that The Richards Group of Brattleboro, Vermont, has joined NUAA along with Davis & Towle Insurance Group of Concord, N.H., and Eaton & Berube Insurance Agency of Nashua, N.H., as a founder …

Abuse of Nursing Home Residents Often Goes Unreported

More than 1 in 4 cases of possible sexual and physical abuse against nursing home patients apparently went unreported to police, says a government audit that faults Medicare for failing to enforce a federal law requiring immediate notification. The Health …

Schwarzenegger to Raise Awareness of UK’s Payment Protection Insurance Scandal

The animatronic head of actor and former California Governor Arnold Schwarzenegger mounted on tank tracks urges consumers to “make a decision,” in a campaign launched on Tuesday to raise awareness of Britain’s costliest consumer mis-selling scandal. The Financial Conduct Authority …

Uber Provides Free Accident Insurance for More Than 450,000 Indian Drivers

Uber Technologies Inc. rolled out a free insurance program for more than 450,000 drivers registered on its ride-hailing app in India, seeking to attract more drivers. The San Francisco-based company, which this week chose a new chief executive officer, said …

Lloyd’s Insurers’ Stocks Fall on Possible Claims from Hurricane Harvey

Lloyd’s of London insurers dropped amid speculation that they will suffer losses from Tropical Storm Harvey that’s battering Houston, the epicenter of the U.S. oil industry. The storm, which which made landfall as a category 4 hurricane and then drifted …

Breckenridge Insurance Services Welcomes David Stamatis to Team

Atlanta, GA, August 29, 2017 — Breckenridge Insurance Services welcomes commercial property and casualty broker David Stamatis, ASLI as vice president. Stamatis will further the geographic office expansion of the team to Austin, Texas while supporting clients throughout the country. …

Harvey’s Insured Losses Hurt Insurers’ Stocks, Could Boost Reinsurers’ Prices

Hurricane Harvey’s whipsaw of wind and rain across Houston and the Texas Gulf Coast hurt the shares of U.S. property and casualty insurers on Monday as Wall Street analysts estimated insured losses as high as $20 billion. That would make …