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

New York Regulators Query 20 Reinsurers About Iran Ties

New York’s financial regulators asked 20 more reinsurance companies Wednesday for information about business with Iran in violation of U.S. sanctions, including measures they’ve taken to ensure they don’t underwrite prohibited shipping. The Department of Financial Services, which sent a …

OSHA Investigates After Lightning Hits 9 Colorado Farm Workers

Federal authorities are investigating safety procedures at a northern Colorado farm after nine workers were struck by lightning. Two of the workers in the organic fields in Wellington were critically injured when the lightning struck Thursday afternoon. The Fort Collins …

Oregon To Spend $20 Million Promoting Health Law

Two local folk singers, strumming guitars and crooning about the virtues of Oregon, have become the first tool in a $20 million campaign to convince Oregon’s uninsured to buy health insurance. Musicians Laura Gibson and Matt Sheehy appear in ads …

Estate of Drowned Washington Teen Files Oregon Lawsuit

The estate of a drowned Vancouver, Wash., teen has sued the organizers of a summer camp in Oregon, saying they endangered the boy. The lawsuit filed in Multnomah County Circuit Court in Portland seeks $13 million. The Columbian reported the …

Hawaii Cyber Range Launches Anti-Hacking Training

The state of Hawaii has launched a center to train people to defend computer systems from attack. The so-called “cyber range” is a collection of servers and routers in a room on the University of Hawaii’s Manoa campus. The equipment …

AAIS Adds Three New Staff Positions

The American Association of Insurance Services (AAIS) has added three new positions to its staff. Scott Sheldon, an auto insurance product manager who spent 13 years with GEICO, has been named vice president for auto insurance at AAIS, where he …

How Health Law Could Affect Medical Professional Liability

The U.S. medical professional liability (MPL) market has been profitable in recent years but challenges await MPL insurers because an influx of newly insured patients, coupled with health care delivery system changes, could expand the risks MPL insurers face. The …

Senate Bill Gives Federal Reserve Flexibility on Systemically Important Insurers

A bipartisan group of U.S. senators is introducing legislation that would give the Federal Reserve more flexibility in regulating systemically important insurance companies such as American International Group Inc. The Senate bill, whose sponsors include Ohio Democrat Sherrod Brown and …

Florida Seeks Federal Disaster Aid Following Panhandle Floods

Florida Gov. Rick Scott is asking that the federal government declare a disaster due to floods that caused extensive damage in the Panhandle. The state estimates there was $29 million worth of damage caused by the heavy rains that fell …

Ironshore Names Practice Leaders for Energy, Construction, Personal Lines

Ironshore Inc. has created a new management team to serve as industry practice leaders. These leaders will be for business lines that the company says increasingly demand new products that address distinct industry-specific risks and include energy, construction and personal …