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

Lockton Partners with Cyber Risk Firm on Executive-Level Assessment Service

Dynetics, a provider of technology products, and the Washington, D.C. operations of Lockton Companies, have formed an alliance to provide Lockton clients direct access to QuickLook, an executive-level cyber risk assessment service. Part of Dynetics’ Cyber RiskScope portfolio of cyber …

Michigan Agent Charged with Felony Embezzlement

A Michigan insurance agent faces felony embezzlement charges following an investigation by the the Michigan Department of Insurance and Financial Services (DIFS). After receiving a complaint from an insurance company, DIFS discovered that Vladimir Ivanovich Tatarly of Lake Orion was …

The Hartford Joins Agents’ Trusted Choice Website for Small Commercial Lines

The Trusted Choice.com website has snagged a leading agency system insurer to help independent agencies sell more small business policies online. The Hartford has joined the TrustedChoice.com online commercial insurance platform backed by the Independent Insurance Agents and Brokers of …

Jury: Abbott Must Pay $23M in Punitive Damages Over Depakote

Abbott Laboratories was ordered to pay $23 million in punitive damages to a Minnesota girl whose family blamed the company’s epilepsy drug Depakote for causing her birth defects. It was the first verdict against the drugmaker over the medication. A …

NAS Launches Residential Care Facilities Program in California

NAS Insurance has launched a professional and general liability insurance program for owners of residential care facilities for the elderly (RCFEs). The coverage is designed to help California RCFE owners comply with the July 1, 2015 deadline to maintain liability …

Wisconsin Bank Settles Complaint over Racial Discrimination

Green Bay, Wis.-based Associated Bank has agreed to generate nearly $200 million in mortgage loans in predominantly minority neighborhoods as part of a settlement over a federal racial discrimination complaint. The loans would be made over the next three years …

Insurer Will Pay $300K in Michigan ‘Scared-to-Death’ Case

An insurance company has agreed to pay $300,000 to settle a lawsuit over the death of an 85-year-old man, ending an unusual dispute over whether the driver may have been literally scared to death before his car slammed into a …

Farmers in Arkansas Expect Losses from Flooding

Farmers across Arkansas are still weathering a series of spring showers that have flooded fields, smothered crops and swept away cattle. Since March 1, between 12 to 18 inches of rain has fallen across the Arkansas River basin, according to …

Oklahoma Roads in Bad Shape After Record Rainfall, Flooding

Record-smashing rainfall and torrential flooding that hammered Oklahoma in May has likely caused millions of dollars’ worth of damage to roads and bridges across the state, although official estimates won’t be available for weeks. While the visual image of powerful …

Government Emergency Response Tested by Texas Storms

Deadly severe weather in Texas over the long holiday weekend tested government alert and evacuation procedures, as officials scrambled to deal with storms and historic flooding that left more than a dozen people dead and a similar number missing. Crews …