Monthly Archives: <span>January 2018</span>

Former Blood-Testing Company CEO Sues Law Firm in Virginia Court

The co-founder of a defunct blood-testing company is suing her former law firm for malpractice and asking for at least $150 million in damages. The Richmond Times-Dispatch reports that Tonya H. Mallory, the co-founder and former CEO of Health Diagnostic …

Winter Storm Prompts Emergency Declaration on Maryland Shore

A state of emergency was in effect on parts of Maryland’s Eastern Shore in response to a coastal winter storm. Gov. Larry Hogan issued the declaration late Wednesday night for the Lower Shore, including Somerset, Wicomico and Worcester counties. Ankle …

Intel Downplays Effect of Security Flaw as Investors Worry About Liability

Security issues with Intel Corp. microchips are only slowing computers slightly, technology companies said, as researchers played down the need for mass hardware replacements to protect millions of devices from hackers. Google and other security researchers this week disclosed two …

Trump Rule Permits Health Plans by Self-Employed, Small Businesses That Skirt Obamacare

The Trump administration on Thursday proposed a rule to allow Americans who are self-employed or work for small businesses to buy health insurance that does not comply with all Obamacare requirements in an effort to unwind the 2010 healthcare law. …

Insured Losses for Germany’s Cyclone Xavier Rise to US$391.5M: PERILS

The insured property market loss for Extratropical Cyclone Xavier, which affected Germany on Oct. 5, 2017, has risen to €325 million (US$391.5 million)., according to data released by PERILS, the independent Zurich-based organization that provides industry catastrophe insurance data. PERILS’ …

Rosengarten Retires as XL Group’s Enterprise Risk Officer; Norton Named Successor

XL Group Ltd. announced that Jacob Rosengarten, group chief enterprise risk officer, retired effective Dec. 31, 2017. Fielding (Fid) Norton, who previously held the position of deputy chief enterprise risk officer, has been appointed as his successor, subject to Bermuda …

Damage to Coral Reefs Accelerating on Rising Sea Temperatures: Report

The risks to coral reefs are accelerating largely due to human activity, with rising water temperatures meaning they now have about 80 percent less recovery time between bleaching episodes than just three decades ago, according to a report in the …

‘Weather Bomb’ Hits Canada’s Nova Scotia Causing Power Outages, Canceled Flights

More than 80,000 customers were hit by power outages in the Canadian province of Nova Scotia on Thursday evening, leaving parts of the city of Halifax in the dark, as eastern Canada was battered by a massive storm arriving from …

Most UK Tories Oppose 2nd Brexit Vote; 78% of Labour Would Support It

The overwhelming majority of members of Prime Minister Theresa May’s Conservative Party don’t want there to be a second referendum on Britain’s EU membership, according to a survey published Thursday. For the other main U.K. parties, the opposite is true. …

Telematics CEO: 5 Trends to Watch in 2018 in Auto Insurance

Auto insurance is experiencing its most seismic shift since it began over 100 years ago. If 2017 shook up the industry with an increasing number of carriers adopting mobile telematics programs for UBI, 2018 will break the mold. Carriers will …