Monthly Archives: <span>March 2019</span>

Berkley Launches Private Company Primary Management Liability Policy

Berkley Professional Liability, a Berkley Company, has expanded its product offerings to include a primary private company management liability policy. This comprehensive package policy offers coverage designed to address growing exposures facing private companies. Management teams can select one or …

Investigation Found FAA Employees Warned of Boeing Influence Over Safety Approvals

Federal Aviation Administration (FAA) employees warned as early as seven years ago that Boeing Co. had too much sway over safety approvals of new aircraft, prompting an investigation by Department of Transportation auditors who confirmed the agency hadn’t done enough …

PwC to Pay $335 Million to Settle Negligence Claim Over Colonial Bank Audits

A top U.S. banking regulator said on Friday that PricewaterhouseCoopers will pay $335 million to settle claims of “professional negligence,” after saying the auditor should have identified problems leading to the 2009 collapse of Alabama-based Colonial Bank. PwC did not …

Researchers Aim to Spot a Liar Using Online Polygraph

Can you spot a liar? It’s tricky enough in face-to-face conversations that offer facial expressions, gestures and tone of voice because those physical cues add context. Spotting a liar gets even tougher in blind computer conversations. Florida State University researcher …

Harmful Dry Cleaning Chemical Detected in W. Virginia Town’s Drinking Water

Officials say the drinking water in a West Virginia community along the Ohio River contains a harmful chemical widely used by dry cleaners. State Bureau for Public Health spokeswoman Allison Adler said in an email Wednesday tetrachloroethylene has been detected …

Commentary: How Florida AOB Crisis Is Impacting State’s Independent Agents

Florida’s “one-way attorney fee” statute enacted to protect Florida policyholders from large insurance companies has instead spawned a huge industry of assignment of benefits (AOB) predators who take advantage of policyholders and threaten the livelihood of hundreds of independent insurance …

Cooper Nominates State Rep. Goodman to North Carolina Workers’ Comp Panel

A sitting North Carolina legislator has been nominated by Gov. Roy Cooper to serve on the state Industrial Commission. Cooper told legislators at the beginning of the month of his choice of fellow Democratic Rep. Ken Goodman of Richmond County …

The Lowdown: Spirits, Stouts, Craft Brews and More

“The more you know, the more you know you don’t know.” – Aristotle Though attributed to Aristotle, he didn’t really say that, exactly. More likely, he said something very complicated, but the idea behind his wisdom is this: On your …

Twitter Basics: Get Your Tweet On

Ready to take the Twitter plunge? Or maybe you already have, but you’d just like to understand it a little better. In either case, Wells Media’s social media manager, Ly (‘Lee’) Short has put together a course to help you …

Pinnacol Assurance in Colorado to Distribute $70M Dividends

Pinnacol Assurance announced on Monday it is distributing general dividend checks to its customers totaling $70 million. Pinnacol also recently lowered its rates by 10 percent on average. Both the dividend and the rate decrease marked the fourth consecutive year …