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

Unsafe Conditions in Mexico Scaring Off Businesses

Canada’s Pan American Silver Corp. said it is cutting back operations at its mine in northern Mexico due to safety concerns, the latest in a series of major businesses that have been frightened off by unsafe conditions in Mexico. Company …

How Airlines Handle Medical Emergencies While in Flight

In May 2016, Lewis Christman was flying from Chicago to Rome when he suffered a bout of acute pancreatitis. He curled into a fetal position on the floor. He spent the next seven hours in agony while the plane flew …

Hurricane Maria Death Toll Much Higher Than Official Count Said: Harvard Study

Hurricane Maria probably killed about 5,000 people in Puerto Rico last year even though the official count remains at just 64, according to a Harvard University study released Tuesday. Such mortality would far outstrip the 1,833 who died in Hurricane …

OneBeacon Creates Modular Medical Technology Product for Life Sciences Risks

OneBeacon Technology Insurance, a member of OneBeacon Insurance Group, has introduced a modular medical technology product/ professional liability policy – Medical Technology Solutions – tailored to address life science companies’ exposure to products/completed operations, cybersecurity and communication liability risks. Through …

Survivors of Deadly Tennessee Wildfires Seek $14.8M from Feds in Lawsuit

Two survivors of deadly Tennessee wildfires that began in Great Smoky Mountains National Park have sued the federal government, claiming they lost loved ones and a home because of the negligence of park workers. The lawsuit in Knoxville was filed …

Johnson & Johnson Jury Fails to Reach Verdict in South Carolina Cancer Suit

A South Carolina judge declared a mistrial in a case against Johnson & Johnson alleging that exposure to asbestos in its Johnson’s Baby Powder caused a woman’s fatal cancer. Jurors in Darlington County state court were unable to reach a …

Florida Activates Anti-Fraud Teams in Wake of Tropical Storm Alberto

The Florida Department of Financial Services’ Disaster Fraud Action Strike Team (DFSAT) have been deployed across the state to protect Floridians from post-storm fraud that could occur in the aftermath of Tropical Storm Alberto, according to a statement from Florida …

European Insurers Bypassing U.S. Treasuries

U.S. Treasuries need to get a lot cheaper to attract some European investors. Even with yields at multi-year highs, Treasuries are paying less than their pricier German peers when European insurers account for steep hedging costs. A stronger dollar as …

California Commissioner: Insurers Pocketing Comp Profits, Not Passing Savings to Employers

California Insurance Commissioner Dave Jones on Tuesday adopted a revised workers’ compensation insurance advisory pure premium rate by lowering the benchmark to $1.74 per $100 of payroll for workers’ comp. The change is effective July 1, 2018. Jones has reduced …

Burand’s State of the P/C Insurance Industry 2018: Pricing Cycle Effects on Agents

The property & casualty insurance and group benefits industry is changing faster than ever, or at least faster than any time in any reader’s history. Many factors are the parents of such change. In part one of this two part …