Monthly Archives: <span>June 2017</span>

Penn State Fraternity Brothers Due in Court in Pledge Death Case

Members of a Penn State fraternity facing charges related to the death earlier this year of a pledge after a night of heavy drinking are due in court Monday for a hearing about whether there’s enough evidence to head to …

Matthews Joins Markel International Trade Credit Team in Singapore

Markel International, a specialist insurer, has appointed Dillon Matthews as trade credit underwriter and senior risk analyst in Singapore, in a move to strengthen and broaden its Asia Pacific resources. Matthews will focus on expanding Markel’s trade credit business in …

NTSB to Investigate After Train Strikes, Kills Worker in New York City

Authorities say a Long Island Rail Road worker has been struck and killed by a train. The National Transportation Safety Board tweeted Saturday that it was sending a team to investigate the death. The worker was hit by a westbound …

Ex-Officer in New Jersey May be Spared Prison Terms for Insurance Fraud

A former police officer who fraudulently claimed his half-sister was his wife as part of an insurance fraud scheme to get coverage for her and her son will be allowed to a pre-trial program. The charges against Alix Antoine could …

Compre Acquires Ireland-Based Captive Equinox CA Europe

Specialist insurer Compre has agreed to acquire Equinox CA Europe, a captive insurer of global engineering and construction conglomerate SNC-Lavalin, in a legacy transaction. The Ireland-based captive insured the activities of SNC-Lavalin’s business in France from 2008 until December 2016 …

Lloyd’s Coverholder, Arma Underwriting, Launches in Dubai with MENA Focus

Asta, the Lloyd’s third party managing agent and specialist MGA investor, announced that Dubai-based Arma Underwriting Ltd. has received full approval from all regulators and commenced operations last month. Asta-backed Arma is an approved Lloyd’s coverholder that writes multi-line re/insurance …

Anonymous Bidder of $2.6 Million Wins Lunch with Buffett

A bidder pledged $2.68 million to a San Francisco charity in exchange for a lunch date with billionaire investor Warren Buffett. The winner of the online auction that concluded Friday on eBay Inc.’s website chose to remain anonymous. The final …

Swiss Re Corporate Solutions Opens Manchester Office for UK Regional Growth

Swiss Re Corporate Solutions announced it has opened an office in Manchester, UK, in order to grow its regional commercial insurance portfolio. The operation will serve large and upper mid-sized companies through national broking partners with focus on primary property, …

Most Car Makers in No Rush to Make Automatic Braking Standard Equipment

Big automakers are rushing to launch self-driving cars as early as 2021, but the industry’s major players are moving slowly when it comes to widespread deployment of a less expensive crash prevention technology that regulators say could prevent thousands of …

Florida Supreme Court Rules Medical Malpractice Award Caps Unconstitutional

Caps on how much money patients injured by a doctor’s mistakes can receive were declared unconstitutional by the Florida Supreme Court on Thursday, a decision that strikes down one of former Gov. Jeb Bush’s major policy victories. The court ruled …