Monthly Archives: <span>September 2016</span>

Evergreen Insurance in New York Acquires Sheridan’s Assets

Evergreen Insurance & Risk Management, a Monsey, New York, based insurance brokerage for investment real estate, has acquired the assets of Sheridan & Company Group LLC and T.J. Sheridan & Co. Inc. Terms of the deal, which closed in September, …

Medical Marijuana Laws Linked to Fewer Opioid-Related Fatal Crashes

There have been fewer drivers killed in car crashes who tested positive for opioids in states with medical marijuana laws than there were before the laws went into effect, according to a new study. The study, conducted at Columbia University’s …

More Than $500K Donated to Delaware Officials to Address Rising Opioid Deaths

As the number of overdose deaths from prescription painkillers has soared in recent years, pharmaceutical companies that manufacture opioid painkillers, and allied advocacy groups, have donated more than $500,000 to state and federal elected officials and major political parties in …

Yale University Responds to Ex-Basketball Captain’s Lawsuit in Sex Assault Case

Yale University denies it was trying to make an example of former basketball captain Jack Montague when it expelled him over a sexual assault allegation. The school filed its formal response late Friday to Montague’s federal lawsuit, which accused the …

$500 Million Lawsuit Accuses NASCAR of Racial Discrimination

NASCAR was hit with a $500 million lawsuit accusing the auto racing body of racial discrimination for preventing black-owned teams and drivers from competing, including in the Sprint Cup Series. Terrance Cox and his company, Diversity Motorsports Racing LLC, filed …

States Seek Delay in European Union Insurance Investor Rules

Most European Union states want to postpone new EU rules meant to protect investors in life insurance, funds and other retail financial products because parts of the reform might be misleading. In a joint statement, 23 of the 28 EU …

U.S. Judge Allows Class Action Alleging State Farm Bankrolled Judge

Some customers of State Farm Mutual Automobile Insurance Co. claim the company conspired to help elect an Illinois Supreme Court candidate so he could vote to throw out a $1 billion award against the company. Now they will be able …

U.S. to Unveil Safety Standards for Autonomous Vehicles

The Obama administration’s proposed guidelines for self-driving cars, to be formally unveiled Tuesday, include 15 benchmarks automakers will need to meet before their autonomous vehicles can hit the road. The companies will have to show how their virtual drivers will …

Why Insurers Must Pick Up Their Technology Pace

The insurance industry is on the horns of a dilemma: how to use new technologies to improve their operations and how to insure the risks these new technologies present to their customers. The pace of technology is changing at faster …

South Carolina to Provide $35M in Aid to 1,250 Farmers Hit by 2015 Floods

Nearly 1,250 farmers in South Carolina will get more than $35 million in aid for their losses during last October’s massive floods. The Department of Agriculture said in a news release Thursday that 88 farmers will receive the maximum award …