Monthly Archives: <span>May 2018</span>

New York Attorney General Leads Suit Against U.S. Environmental Protection Agency

New York Attorney General Barbara D. Underwood, joined by Attorneys General Xavier Becerra of California and Brian Frosh of Maryland, has led a lawsuit against the United States Environmental Protection Agency (EPA) for the delay of what they allege is …

Ex-Chairman of China’s Anbang Insurance Files Rare Appeal of Fraud Conviction

The former chairman of China’s Anbang Insurance Group Co., Wu Xiaohui, has lodged an appeal against his conviction for fraud and embezzlement that led to a sentence of 18 years in prison, his lawyers said. While not unknown, it is …

ABC Sued by Michael Jackson’s Estate for Music Copyright Infringement

Michael Jackson’s estate sued ABC on Wednesday, arguing that a special the network aired last week about the pop singer’s final days used his songs and music videos without permission. The copyright infringement lawsuit, which also names ABC’s corporate parent …

Breckenridge Insurance Services Promotes Two Senior Team Members

Atlanta, GA, May 31, 2018 — Breckenridge Insurance Services recently promoted two senior team members within the wholesale brokerage team. Trevor Pierce is now the division vice president and managing broker of multiple offices in the south and eastern regions. …

Karen Clark & Co. Estimates Insured Losses from Alberto to Near $50M

Insured losses from Subtropical Storm Alberto, the first named storm of the 2018 hurricane season, will be close to $50 million, according to Karen Clark & Co. KCC’s High Resolution U.S. Hurricane Model estimated the insured losses to residential, commercial, …

2 Workers Hurt in Explosion at Kentucky UPS Facility

Two United Parcel Service Inc employees were injured in an explosion on Wednesday that caused significant damage to one of the package delivery company’s freight facilities in Lexington, Kentucky, a UPS spokesman said. UPS said a gas leak from propane …

Rampant Brazil Cargo Theft Disrupts Retail, Drives Up Insurance Rates

In a bunker-like room in a gritty suburb of Sao Paulo, retired police colonel Antonio Marin and a dozen employees track the location of hundreds of cargo trucks on a bank of monitors. During his 34 years in Sao Paulo …

Cigarette Ignites Large Fire at Florida Condo Complex, 10 Units Destroyed

A large fire at a Florida condominium complex has destroyed at least 10 units. The Martin County sheriff’s office says a section of the Cedar Pointe Villages complex in Stuart was engulfed by flames on Monday night. Firefighters contained the …

South Carolina Passes First Insurance Industry Cybersecurity Law

South Carolina has become the first state to pass a cybersecurity bill requiring any insurance entity operating in the state to establish and implement a cybersecurity program protecting their business and their customers from a data breach. And while the …

Trump Signals He Won’t Defer to States on Insurance Agreements

A year after the U.S. House passed legislation that would have eliminated the Federal Insurance Office entirely, not only is it still standing, but recent comments from President Donald Trump suggest it may yet have a role to play in …