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California Jury Finds Toyota Seatbelt Caused Woman’s Paraplegia

A California Superior Court jury has found Toyota Motor Corp. liable for causing devastating injuries to a young woman in a crash that occurred in Monterey over four and a half years ago in a verdict rendered late Friday. After …

Risk Strategies Acquires Benefit Development Group in Massachusetts

Risk Strategies Co., a national insurance brokerage and risk management firm based in Boston, announced it has acquired Benefit Development Group, a Worcester, Massachusetts-based broker for health insurance, group, and voluntary benefits in the Northeast. This latest transaction marks the …

Southern California Agent That Sold Bogus Policies Sentenced

Dean Joseph Basler, 58, of Ventura, Calif. pleaded guilty to two felony counts of embezzlement associated with more than $250,000 in premiums that Basler received for homeowners insurance policies. According to the California Department of Insurance, Basler actions placed responsible …

CPCU Society Elects Leadership Council Members

The CPCU Society elected Leadership Council members for 2014–15 at its annual meeting recently in Anaheim, California. The CPCU (Chartered Property Casualty Underwriter) Society provides resources, educational programs and leadership opportunities for its 23,000 members in the property/casualty insurance industry. …

Heffernan Acquires Pilot Employee Benefits in New York

Heffernan Insurance Brokers announced it has purchased the assets of Pilot Employee Benefits of Melville, New York. Family owned and operated for over 50 years, Pilot Employee Benefits has developed benefits programs and services for a wide variety of companies …

Update on Ebola in U.S.: New CDC Protocols, Rapid Response Team, Czar

The United States issued stringent new protocols on Monday for health workers treating Ebola victims, directing medical teams to wear protective gear that leaves no skin or hair exposed to prevent medical workers from becoming infected. The new guidelines from …

‘Fangate’ Stirs Florida Insurance Industry Fears Over Gubernatorial Election

If Florida’s insurance industry was looking for any certainty about the results of the looming governor’s race between Governor Rick Scott and former Governor Charlie Crist, they didn’t find it after last week’s gubernatorial debate, which almost did not happen …

SterlingRisk Insurance Launches Aircraft Business Income Cover

SterlingRisk Insurance, a privately-owned brokerage based in Woodbury, N.Y., has launched aircraft business income coverage designed for both the aircraft owner and operator to protect their expected charter revenue from loss due to unscheduled maintenance and cancelled flights. The product …

Jury Finds Guardrail Maker Trinity Cheated Government; Liability Could Top $1 Billion

Trinity Industries Inc. faces a potential liability of $1 billion after a jury found the company defrauded the U.S. by deliberately withholding information about cost-saving changes to its highway guardrail system that potentially made it more dangerous. Jurors in Marshall, …

Air Bag Recalls Renew Doubts About Carmakers’ Responses to Defects

A deepening crisis involving deadly air bags is shaking confidence in the ability of automakers including Toyota Motor Corp. and Honda Motor Co. to ensure the safety of millions of U.S. drivers. Toyota is advising U.S. owners to keep passengers …

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