Monthly Archives: <span>May 2015</span>

PartnerRe Board Slammed by Activist Hedge Fund for Rejecting EXOR Bid

Sandell Asset Management Corp., the activist hedge-fund firm run by Tom Sandell, said PartnerRe Ltd. directors hurt shareholders by pushing a merger with AXIS Capital Holdings Ltd. rather than talks with a hostile bidder. “We will not hesitate to exercise …

IIABNJ Launches U.S. Veterans Pre-Licensing Program

The Independent Insurance Agents and Brokers of New Jersey (IIABNJ) is launching a new program aimed at supporting the men and women of the armed forces and assisting them in finding post-military careers in the insurance industry. IIABNJ’s new program, …

Penn. Offers Insurance Tips for Consumers Preparing for Summer Vacations

As the weather warms and countdowns until summer vacations begin, the Pennsylvania Insurance Department is reminding consumers to make sure they are fully informed on their insurance coverage when preparing to leave for vacation. “Before leaving for a trip, no …

Beazley Launches Risk Management Website for Breach Response Policyholders

Beazley has launched of a new risk management website for Beazley Breach Response (BBR) policyholders. The site offers tools and resources to help insureds prepare for and respond to a data breach and minimize reputational risk. In 2012, Beazley formed …

Maine’s Highest Court Upholds Workers’ Comp Fraud Conviction

Maine’s highest court is upholding the conviction of a northern Maine man convicted of collecting more than $50,000 in workers’ compensation benefits while operating an engine repair business. An Aroostook County jury convicted 63-year-old Stephen Tucker Sr. of theft in …

Texas Law Bans Cities From Banning Fracking and Drilling

Republican Texas Gov. Greg Abbott has signed into law a prohibition on cities and towns imposing local ordinances preventing fracking and other potentially environmentally harmful oil and natural gas activities. The much-watched measure sailed through the GOP-controlled Legislature after voters …

Watercraft Laws Taking Effect in Illinois Are Aimed at Safety

Law enforcement officials say Illinois boaters should be aware of new laws taking effect this year. Lake County Sheriff Mark Curran Jr. says the laws will keep boaters safe. It’s now a requirement to display a bright orange flag from …

Ridesharing Service Expands to 5 More Wisconsin Cities

The ridesharing service Uber is expanding to five more Wisconsin cities. Uber already operates in Madison, Milwaukee and Green Bay. Thursday it rolls out in Wisconsin Dells, Lake Geneva, Racine, Kenosha and Waukesha. The Journal Sentinel reported the expansion comes …

Homeowners in a South Dakota County Won’t See Flood Insurance Surcharge

More than 400 homeowners whose property lies along the Missouri River in southeast South Dakota are no longer facing a potential surcharge on their flood insurance. The Federal Emergency Management Agency had threated to charge $50 to those homeowners in …

Hurricane Protection System for New Orleans Tested by Army Corps

With hurricane season approaching, the Army Corps of Engineers is running through its plans to better protect New Orleans from flooding and testing pumps and floodgates built around this low-lying metropolis since Hurricane Katrina struck 10 years ago. Corps officials …