June 15, 2010
ACE Bermuda International announced the enhancement of its CODA product, which provides personal asset protection for directors & officers in the UK, at the AIRMIC Conference. ACE explained that CODA provides the “broadest possible coverage for directors and officers where …
June 15, 2010
About 7,900 employees of California’s State Compensation Insurance Fund are entitled to back pay after a state appeals court ruled in their favor over furloughs. The First District Court of Appeal in San Francisco ruled that the same state law …
June 15, 2010
Medical costs for U.S. employers will rise by 9 percent in 2011, slightly less than they have risen this year, according to a survey released Monday. To try to control the impact, employers are turning to wellness programs but also …
June 15, 2010
U.S. buyout firm Apollo will have to raise its offer for Brit Insurance by at least 10 percent to pull off its planned takeover of the Lloyd’s of London insurer, analysts said. Five analysts polled by Reuters said Brit would …
June 15, 2010
The judge handling the criminal case against accused Ponzi schemer Allen Stanford is allowing parties to review documents related to allegations that the Texas financier’s lawyers engaged in insurance fraud. An order released Monday by U.S. District Judge David Hittner …
June 15, 2010
On May 28, 2010, Bernard “Bud” Brown passed away surrounded by his loving family. Bud began his insurance career in 1954 at Wolf Eisner and Brown in Los Angeles. He founded Hoffman Brown Company in August, 1961 which he built …
June 15, 2010
West Virginia insurance regulators have put black lung premium increases on hold. The National Council on Compensation Insurance asked Insurance Commissioner Jane Cline’s office in May to increase rates for black lung losses incurred by insurers. The council requested a …
June 15, 2010
Here’s an unappetizing thought: A review of restaurant food safety practices found that a typical kitchen worker cross-contaminates food with potentially dangerous pathogens about once per hour. Among the risky behaviors cited were workers using aprons and other garments to …
June 15, 2010
State officials in Oklahoma declared a state of emergency on June 14 for 59 counties following severe storms and flooding that began a day earlier. At the request of Gov. Henry, who is out of the state, Lt. Gov. Jari …
June 15, 2010
Government investigators have begun issuing subpoenas to reluctant witnesses to the nation’s worst coal mining disaster in 40 years, accordng to West Virginia’s mine safety director. The five subpoenas issued to date have gone to witnesses who skipped scheduled interviews …