Yearly Archives: <span>2014</span>

Maine Man Found Guilty of Workers’ Comp Fraud

An Aroostook County jury in Maine has convicted a northern Maine man of theft of more than $10,000 in workers’ compensation benefits. Prosecutors said last Friday that 63-year-old Stephen Tucker Sr. received more than $45,000 in benefits after injuring his …

Rhode Island Gov. Signs Legislation Allowing Digital Proof of Auto Insurance

Rhode Island Gov. Lincoln Chafee has signed into law legislation allowing motorists in Rhode Island to use their smartphones to offer police proof they have auto insurance. The bills sponsored by Sen. William Conley Jr. and Rep. Gregg Amore allow …

Timber Company Sues Over Idaho Wildfire

Idaho officials have filed a lawsuit against a timber company and its contractor contending they’re responsible for a wildfire that killed a 20-year-old Forest Service firefighter and burned more than 300 acres in northern Idaho. The Lewiston Tribune reported the …

Montana Company Wants to Strike State Cap On Jury Awards

An office supply company is asking the Montana Supreme Court to rule that the state’s cap on punitive damage awards is unconstitutional. The constitutional challenge comes after a Butte-Silver Bow district judge upheld a $52 million jury award in favor …

Bigger and More Frequent Wildfires Burning Western U.S.

Wildfires across the western United States have been getting bigger and more frequent over the last 30 years, according to a new study. The number of wildfires over 1,000 acres in size in the region stretching from Nebraska to California …

Ilinets Named Vice President of Hub’s San Francisco Commercial Markets

Hub International Insurance Services Inc. named Artem Ilinets vice president in the San Francisco, Calif. commercial division. Ilinet’s primary role with Hub will be the deployment of risk aversive insurance solutions for business clients throughout the state. Prior to Hub, …

2013 P/C Insurers’ Results Show Net Gain on Underwriting– First Since 2007

U.S. property/casualty insurers’ net income after taxes grew to $63.8 billion in 2013 from $35.1 billion in 2012, with insurers’ overall profitability as measured by their rate of return on average policyholders’ surplus climbing to 10.3 percent from 6.1 percent. …

Claims, Oil and Resentments Linger Four Years After BP Oil Spill

Four years after the Deepwater Horizon spill, oil is still washing up on the long sandy beaches of Grand Isle, Louisiana, and some islanders are fed up with hearing from BP that the crisis is over. Jules Melancon, the last …

Markel Int’l. Appoints Tidey Assistant Marine Underwriter in Singapore

Specialist insurer Markel International has appointed Luke Tidey as an assistant marine underwriter in its Singapore office. He joins the team in Singapore from Markel’s Stockholm office where he held the same position. Prior to that, he was a marine …

Aspen Adopts Shareholder Rights Plan; Endurance Slams ‘Poison Pill’ Defense

The 17th April of April saw a resumption of hostilities between Aspen Insurance Holdings and its would-be acquirer Endurance Specialty Holdings. The two Bermuda-based specialty insurers have fighting each other since April 14, when Endurance offered to buy Aspen for …