June 3, 2015
A woman at the center of a high-profile gender bias lawsuit against an elite Silicon Valley venture capital firm filed an appeal of a jury verdict against her. Alan Exelrod, an attorney for plaintiff Ellen Pao, filed the two-page notice …
June 3, 2015
The outgoing director of the National Flood Insurance Program (NFIP) says the program is a “melting iceberg” that is incapable of properly managing its various players including the private insurance carriers that sell policies and handle claims. The government has …
June 3, 2015
Victor O. Schinnerer & Co. has named Steve Falecki vice president and forest and logging practice leader. Falecki will lead Schinnerer’s forest and logging underwriting unit housed in Sacramento, Calif. He will be based in the firm’s Sacramento office and …
June 3, 2015
Google Inc. has asked a federal judge to require three major movie studios to comply with subpoenas it believes may help show they conspired with Mississippi Attorney General Jim Hood as he investigated the Internet search company. In a request …
June 3, 2015
U.S. health insurers are submitting their 2016 rate requests for Affordable Care Act policies, with some asking for big increases as they adjust to customers who’ve recently gained coverage through the marketplaces. Many of the requests, which span hundreds of …
June 3, 2015
While the per barrel oil price has rebounded somewhat after it plunged to under $45 per barrel in March 2015, the energy industry — and by extension the energy-focused insurance sector — continues to adjust to the impact of the …
June 3, 2015
Lawmakers on Tuesday sought answers from Takata Corp. on just how much is being done to to find the root cause of an air-bag defect that caused dozens of explosions and at least six deaths. “I have serious concerns about …
June 3, 2015
Insurance broker Lockton has named Josh Dircks as a senior vice president in Lockton Bermuda to expand the capabilities of the Lockton Global Energy expertise on the island. As a key senior leader of the Lockton Global Energy and Lockton …
June 3, 2015
Bermuda-based Ironshore has named Daniel Owen as senior vice president of the Global Property Energy division, effective immediately. Owen, who joined Ironshore in 2011, is currently senior vice president of Global Property Builder’s Risk business lines and will continue in …
June 3, 2015
The risk of a British exit [‘Brexit’] from the European Union is causing major political uncertainty for the insurance industry, the chief executive of the Association of British Insurers (ABI) said on Tuesday. This is compounded by the risk of …