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15 Children Killed in Ohio Fires in 2014, 11 So Far This Year

Fires killed 15 children in Ohio last year and have claimed at least 11 young lives in just the first two months of 2015, according to the state fire marshal’s office. Many factors affect those statistics, but the chief of …

Georgia Legislature Advances Medical Marijuana Bill

A bill to legalize cannabis oil to treat seizure disorders and seven other debilitating health problems passed a key committee in the Georgia House on Monday but faces an uphill battle in the state Senate, even in its latest, watered-down …

Twice-Wounded Sandy Victims Seek Payout as FEMA Presses Insurers

Some homeowners hit by Hurricane Sandy say they’ve been victimized twice: first by the storm and later by insurers. John Clancy says his insurer, an Allstate Corp. unit, paid just $46,000 of the more than $200,000 in repairs needed on …

Colleges Warned of Liability for Basketball Fans’ Court Storming

College basketball’s tradition of storming the court after big upsets poses a potentially devastating liability threat to universities and athletic departments, personal injury lawyers said. Video showed coaches being pushed into tables and fans colliding with players when Kansas State …

FBI Says It’s Close to Identifying Anthem Hackers

The FBI said it’s close to finding the hackers responsible for the attack on health-insurance company Anthem Inc. that exposed personal data on about 80 million customers. Federal Bureau of Investigation officials are still deciding whether to publicly reveal information …

1st Cayman Portfolio Insurance Company Formed by Ascension Insurance

The first portfolio insurance company (PIC) has been formed in the Cayman Islands, as a direct result of new insurance regulations Cayman enacted in January to provide risk management alternatives for insurers incorporated as segregated portfolio companies (SPCs). AARIS Insurance …

Willis Signs Indian Market Joint Venture with Almondz Insurance Brokers

Willis Group Holdings plc announced that it has agreed to purchase a 49 percent stake in Almondz Insurance Brokers Private Limited, an Indian insurance broker with nearly 300 associates in nine offices in India serving clients with a broad range …

Platinum’s Ratings Remain on CW Positive Pending RenRe Acquisition: S&P

Standard & Poor’s Ratings Services has maintained its ‘BBB’ long-term counterparty credit rating on Bermuda-based Platinum Underwriters Holdings Ltd. on CreditWatch with positive implications. S&P has also maintained its ‘A-‘ counterparty credit and financial strength ratings on Platinum’s operating subsidiaries …

Emerging Markets Private Health Premiums to Double: Swiss Re Report

In a new sigma report, the first for 2015 Swiss Re concludes that “demand and expectations for better healthcare services are rising in the emerging markets,” and that as a result it expects “premiums for reimbursement-type products to double by …

Europe’s Insurers to Boost Dividends for Investors Seeking Higher Yields

Europe’s insurers are preparing to boost dividends to the highest of any industry except utilities, making use of expanding surplus capital to offer investors an alternative to record low interest earnings from bonds. Companies including Allianz SE, Europe’s biggest insurer, …

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