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

Castel Bloodstock Secures New Binder with Lloyd’s Capacity

Castel Bloodstock has secured a new binder with Lloyd’s capacity, provided by Canopius Syndicate 4444 and AEGIS Syndicate 1225. The new capacity supports a bloodstock account focusing on high value thoroughbred, sports horse and show horse risks, and equine mortality …

Commercial Cyber Liability Market to Reach $6.2B in Written Premium by 2020: Verisk

The total commercial cyber liability market will reach $6.2 billion in written premium by 2020 after annual growth rates of 20-30 percent, Verisk predicts in a market analysis. “Cyber liability risk is rapidly permeating every business that has any dependence …

La Niña Has 55% Chance of Waning During March-May, Says National Weather Service

The current La Niña phase of the climate cycle will most likely transition during the March-May season to ENSO-neutral conditions, a U.S. government weather forecaster said on Thursday, a development that brings equatorial Pacific Ocean temperatures, rainfall patterns and winds …

Longer-Term Opioid Prescriptions Increases Lost Work Time: WCRI Study

Using prescribed opioids adds significant time to temporary disability taken by workers with work-related lower back injuries, according to a new industry study. Temporary disability is time that workers spend away from work recovering from their work-related injuries. “While medical …

Validus Specialty Expands Commercial D&O Portfolio; Zurich’s McAdams Named Sr. U/W

Validus Specialty Underwriting Services Inc. announced the expansion of its product portfolio with an admitted, private company commercial directors and officers (D&O) policy. With broad coverage, the new form provides management liability protection for private company business leaders, Validus Specialty …

$1M for Woman in Hawaii Injured by Coconut Tree

The Honolulu City Council has approved a $1 million settlement with a woman who sued the city for injuries she sustained when a coconut tree struck her in 2012. Ana Krogh-Doyle was a competitive surfer before being struck by the …

Nurse in Hawaii Awarded Nearly $4M For Harassment

A Honolulu nurse has been awarded nearly $4 million after an image of a noose was taped to her locker and a racist note was left in her hospital mailbox. A jury on Wednesday awarded former Queen’s Medical Center nurse …

Abuse Cases Against California Jehovah’s Witnesses Congregations Settled

Two men who say they were sexually abused by a leader at Jehovah’s Witnesses congregations in San Diego, Calif. in the 1990s have settled their lawsuits against the church’s governing body. The San Diego Union-Tribune reported that the settlements were …

Los Angeles County to Pay Nearly $6M in Brain Damaged Inmate Suit

Los Angeles County officials have voted to pay nearly $6 million to settle a lawsuit that claimed a jail inmate was left brain damaged and disabled because his medical problems weren’t properly treated. The negligence suit was filed on behalf …

Rewrite of Senate Banking Bill Tough for Wall Street Banks

Wall Street banks don’t have much to celebrate in what’s probably the final version of a bill easing financial rules that is headed for a U.S. Senate vote. Late Wednesday, Senate Banking Chairman Mike Crapo, an Idaho Republican, proposed some …