Yearly Archives: <span>2014</span>

Ridesharing Companies Get Warning from Nebraska Regulators

The state Public Service Commission has sent warnings to two ridesharing companies that they need the commission’s permission to offer services in Nebraska. The commission issued letters to Lyft and Uber, two San Francisco companies that use smartphone applications to …

Texas Investigated More than 550 Insurance Fraud Cases in 2013

Texas Department of Insurance Fraud Unit opened investigations into more than 550 insurance fraud cases in 2013. More than $10.3 million in insurance fraud was identified in criminal cases referred for prosecution in 2013, the department said. Court-ordered restitution for …

Surplus Lines Insurers Could Pick Up Citizens Policies Under Senate Bill

Homeowners seeking coverage from Citizens Property Insurance could wind up getting policies from out-of-state insurers that are exempt from many of the state regulations other insurers must honor. The Florida Senate on Friday voted 22-16 for a property insurance bill …

XL’s North America Primary Casualty Adops New Name

XL Group announced that XL Group’s North America Primary Casualty business is operating under a new banner—Global Risk Management. XL’s Global Risk Management team works to build risk management programs, including general liability, workers’ compensation, and commercial auto, for large …

W.R. Berkley Posts Q1 Gains But Cites ‘Painfully Competitive’ Reinsurance

For W.R. Berkley Corp., sobering results from its global reinsurance division were a blemish on an otherwise successful 2014 first quarter, during which the Greenwich, Conn.-based company enjoyed overall gains in net income, gross premiums written and returns on equity. …

Student’s Suit Alleges Columbia University Mishandled Sexual Misconduct

Columbia University and Barnard College mishandled incidents of sexual assault and misconduct on campus, according to a complaint filed yesterday with the U.S. Education Department by 23 students. The complaint alleges violations of Title IX, the law that bars sex …

Tennessee Supreme Court Reinstates Malpractice Suit

The Tennessee Supreme Court has reinstated a medical malpractice lawsuit that had been thrown out by lower courts because the plaintiff failed to file paperwork to confirm it had met notice requirements. Richard Thurmond, who is suing Mid-Cumberland Infectious Disease …

Hartford to Sell Japan Operation to Orix in $895 Million Deal

Hartford Financial Services Group Inc. agreed to sell its Japanese operation to Orix Corp. as Chief Executive Officer Liam McGee narrows the U.S. insurer’s focus. Orix will pay about $895 million for the business, which sold retirement products in Japan …

Malaysia Jet Search Enters New Phase with Expanded Subsea Hunt

The hunt for a missing Malaysian passenger jet entered a new phase as an international team abandoned its aerial search for debris and stepped up efforts to find wreckage on the floor of the Indian Ocean. After 52 days, it’s …

Aon Benfield Appoints Pardo as Peru CEO

Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, announced the appointment of Luis José Pardo, a leader with 25 years of experience in the insurance and reinsurance markets, as CEO of its business in Peru. He …