Yearly Archives: <span>2014</span>

Making the Economics of Telematics Work for Insurers

The crossroads of auto insurance these days is telematics, the use of an electronic device to monitor how an automobile is being driven. The device monitors where a car is and how it is being driven, and, in theory, should …

NCAA Athletes Drop Image-Use Damages Claim, Pursue Future Earnings

Ex-National Collegiate Athletic Association players suing to gain a share of the $800 million of annual broadcast revenue reaped by the organization said they won’t seek damages for past use of their images, instead focusing only on future licensing and …

Experts Fear Major Attack Only Way to Stir Corporate Action on Cyber Security

After warning for years that the U.S. electric grid and other critical infrastructure are dangerously vulnerable to hacking, security experts fear it may take a major destructive attack to jolt CEOs out of their complacency. While awareness about cybersecurity has …

North Carolina Jury Deadlocks in John Edwards’ Malpractice Trial Against Doctor

Former U.S. senator and Democratic presidential hopeful John Edwards’ return to the courtroom as a lawyer ended with a settlement and a mistrial. A jury in Pitt County deadlocked last week on whether to hold an emergency room doctor responsible …

North Carolina Medical Examiners’ Practices Faulted

Across North Carolina, medical examiners fail to follow crucial investigative steps, raising questions about the accuracy of thousands of death rulings, a Charlotte Observer investigation found. The living face the consequences. Widows can be cheated out of insurance money. Families …

Duke Lacrosse Players’ Suit Over Prosecution Ends with Innocence Panel Grant

The city of Durham said Friday it has settled a lawsuit filed by three former Duke University lacrosse players who were falsely accused of raping a stripper eight years ago. In announcing the settlement, city officials said no money is …

Insurer’s Climate Change Class Actions: More to Come?

A major insurance company is accusing dozens of localities in Illinois of failing to prepare for severe rains and flooding in lawsuits that are the first in what could be a wave of litigation over who should be liable for …

Foreign Aid Arrives as Serbia, Bosnia Struggle with Record Floods

International aid from the Baltics to the Bosporus began flowing to Serbia and Bosnia after the worst flooding on record swamped towns and farms, leaving 34 dead and thousands homeless. The United Nations flew life-saving equipment to Belgrade shortly before …

OnPoint Underwriting Offers New Managed Healthcare Program with Everest Re Group

May 19, 2014 – Denver, CO – OnPoint Underwriting (OnPoint) and Everest Re Group, Ltd. (NYSE:RE) announced a new relationship with Everest Reinsurance Accident and Health for the underwriting and management of HMO Reinsurance, Provider Excess Loss Insurance and Employer …

Ratings Recap: Penn National, MGA, MAPFRE USA

A.M. Best has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Pennsylvania National Mutual Casualty Insurance Company and its subsidiaries, Penn National Security Insurance Company, Founders Insurance Company and Partners Mutual …