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

Texan Who Used ‘Affluenza’ Defense in Fatal Accident Released from Jail

Ethan Couch, who as a 16-year-old driver drunkenly struck and killed four pedestrians but dodged prison after suggesting at trial that his irresponsibility was a result of his entitled upbringing, has walked free after serving almost two years in a …

Missouri Passes Measure to Limit Insurance Company Payouts

A bill on Missouri Gov. Eric Greitens’ desk would limit how much money insurance companies would have to pay after vehicle accidents. The proposal affects cases where multiple people are owed money from an insurance company, such as after a …

Schwarzenegger Is Back – in UK Awareness Campaign About Mis-Sold Insurance

U.K. banks may face more claims for wrongly sold insurance as the country’s markets cop steps up an informational campaign featuring an animatronic head of Arnold Schwarzenegger. Misleading some customers in selling as many as 64 million payment protection insurance …

Hurricanes Have Minor Effect as April Reinsurance Prices Stay Flat but Demand Grows

Reinsurance buyers were able to renew loss-free programs at broadly flat pricing levels during the April 1 renewals – continuing the trend seen at the January renewals, according to a Willis Re report. Pricing was dampened by the continued amounts …

Alaska Law on Credit-Based Scoring Backed by Insurers Group

A new credit-based scoring law brings Alaska into line with the rest of the nation, and the Property Casualty Insurers Association of America is applauding the state for that. Alaska Gov. Bill Walker and the Alaska Legislature approved HB 195, …

Delaware Judge Rejects Workers’ Comp for Paralegal’s Softball Injury

A Delaware judge says a paralegal injured while playing on his law firm’s softball team is not entitled to workers’ compensation. The judge ruled late last week that Delaware’s Industrial Accident Board erred in concluding that William Weller ruptured his …

Swiss Re CEO Manages Shareholder Expectations on SoftBank Investment: Opinion

Who wouldn’t want the attention of a billionaire like Masayoshi Son? The SoftBank founder is Japan’s third-richest man, with interests from ride-hailing app Uber to shared-office firm WeWork. So when he was reported to be eyeing a 25 percent stake …

Cook Maran & Associates Acquires New Jersey’s Rosenthal Insurance Group

Cook Maran & Associates (Cook Maran) has acquired Rosenthal Insurance Group Inc. (Rosenthal). Cook Maran is a New York and New Jersey insurance broker and the New York metropolitan area platform for Prime Risk Partners (PRP). Rosenthal is a Wayne, …

IAT Insurance Group Agrees to Acquire New Jersey’s IFIC Surety Group

IAT Insurance Group (IAT) has reached a definitive agreement to acquire IFIC Surety Group Inc. for an undisclosed amount. The acquisition signals IAT’s entry into the surety market. The closing of the transaction is subject to customary regulatory approvals. IFIC …

Terror Attack Victims Lose Appeal to Supreme Court in Suit Against PLO

The Supreme Court has rejected an appeal from American victims of terrorist attacks in the Middle East more than a decade ago. The justices did comment Monday in ending a lawsuit against the PLO and Palestinian Authority in connection with …