News

Cause of Limo Fire in California That Killed 5 Revealed

Recordings of the 911 calls released Monday captured witnesses, including some who had just escaped the limo, recounting the last moments of the five nurses who died inside, as authorities said a mechanical problem was behind the fire that killed …

The Buckner Co. Opens Third Office in Idaho, Taps Williams

The Buckner Co. opened a new office in Boise, Idaho and named as head of the operations Chad Williams, who spent the past decade in the Boise commercial insurance arena. Expanding into the Boise market has been a long-term goal …

Safety Probes at Risk Without More Funding: NTSB

The U.S. National Transportation Safety Board, handling the most accident investigations since the 1990s, is “going to have to let some things go” if budget cuts aren’t restored, Chairman Deborah Hersman said. “We’re getting very stretched,” Hersman, nominated this month …

Powerful Documentary Aims to Show Texting Drivers ‘It Can Wait’

There are many stories of people who took their eyes off the road for a second to read or type a message and ended up in an accident that changed their lives and the lives of others forever. People who …

Workers’ Compensation Benefits, Employer Costs Rise: Study

Both workers’ compensation benefits paid to insureds and costs for employers increased in 2011, a new study released today revealed. Total workers’ comp costs to employers rose by 7.1 percent to $77.1 billion, while workers’ comp benefits rose by 3.5 …

GEICO Names Assistant VP of Claims Operation in Buffalo, N.Y.

David Hodge has been named assistant vice president of claims for auto insurer GEICO’s Buffalo, N.Y., regional office. Hodge previously served as the liability director of GEICO’s Virginia Beach, Va., regional operations. Hodge first joined GEICO at the company’s Woodbury, …

Georgia Southern University Using Helmet Sensors to Detect Concussions

In one football practice, some players may take several hits, while others take a few big blows. For coaches and trainers, keeping track of it all can be difficult. “A lot of times when we’re on the field, it’s hard …

Mississippi Coast Property Owners Told to Buy Flood Insurance Now to Save

With the eighth anniversary of Hurricane Katrina near, homeowners along the Mississippi Coast also have to brace for possible rate increases of 20 percent for flood insurance and 3.2 percent for wind pool insurance. The Clarion-Ledger reported that state Insurance …

Former Willis Group CEO Plumeri Joins KKR

KKR & Co., the buyout firm run by Henry Kravis and George Roberts, hired former insurance executive Joseph Plumeri as a senior adviser to help find new deals and to work with portfolio companies. Plumeri, ex-chief executive officer of Willis …

Government Wins Bid to Apply FIRREA Fraud Law in Banks’ Mortgage Cases

A federal judge has endorsed a broad interpretation of a savings-and-loan era law that the U.S. Justice Department is trying to use in cases against Wall Street banks. U.S. District Judge Jed Rakoff in Manhattan said Monday that a “straightforward …

News Archives by Month