Monthly Archives: <span>April 2013</span>

Former R.I. Nightclub Owners Appeal $1M Workers’ Comp Fine in Fire Case

The owners of a Rhode Island nightclub where 100 people died in a fire are asking the state Supreme Court to overturn a $1 million fine against them for failing to carry workers’ compensation insurance for nearly three years. Michael …

Florida Compounding Pharmacy’s Drug Recall Involves 91 Batches

A spokeswoman for a central Florida compounding pharmacy says 91 batches were involved in a voluntary recall of its sterile non-expired drug products over concerns they’re not sterile and may contain bacteria. Spokeswoman Roxie Mooney said Monday there have been …

W.R. Berkley Posts $116M Q1 Profit, Sees Continuing Pricing Momentum

W.R. Berkley Corp. reported on Tuesday $116.62 million net income for its 2013 first quarter, representing a 13.6 percent decline compared to $135.32 million income reported during the first quarter of 2012. Net premiums written and the combined ratio both …

The Risks of Insuring the Cloud

Hollywood would have us believe that some smart, awkward computer guy in his 30s living in his mother’s basement is to blame. Surrounded by a dozen computer screens with an IQ of 150, this cyber character enjoys targeting large companies …

Bangladesh Factory Building Collapse Kills Nearly 100; 700 Injured

An eight-story block, housing garment factories and a shopping center, collapsed on the outskirts of the Bangladeshi capital on Wednesday, killing nearly 100 people and injuring hundreds more, officials said. Fire fighters and army personnel worked frantically through the day …

West Explosion Insured Losses Hit $100M

“Daddy, are we dead?” Those were the first words from 9-year-old Kaden Anderson after an explosion ripped apart the fertilizer plant in West on April 17. Kaden was riding with his father Bryan who had driven over to see where …

Dewey & LeBoeuf Ex-Chairman Agrees to Proposed $500,000 Settlement to Resolve Claims

The former chairman of Dewey & LeBoeuf has agreed to pay more than half a million dollars in a proposed settlement with Dewey’s trustee and insurer to resolve claims that bad management led to the law firm’s demise, according to …

Wildfires Prompt Colorado Insurance Changes

Colorado lawmakers are close to agreement on a slate of insurance changes inspired by homeowners’ complaints after last year’s wildfires. The state Senate gave final approval this week to a bill aimed at making homeowner insurance easier to use. Changes …

$5.75M Settlement Approved In Hawaii School Abuse Suit

A $5.75 million settlement has been approved in a class-action lawsuit alleging bullying, assault and rape at the Hawaii School for the Deaf and the Blind. A federal judge in Honolulu approved the settlement Monday. The suit filed in 2011 …

Flood Warnings for Tennessee, Kentucky Near Mississippi River

Flood warnings have been issued in Tennessee and Kentucky as the Mississippi River starts to slowly rise from northern floodwaters, but officials say the rising water should not have a significant impact. Marlene Mickelson, a meteorologist at the National Weather …