Yearly Archives: <span>2018</span>

USGS: M3.3 Quake Rattles Southern California Desert

A magnitude 3.3 earthquake has rattled the Southern California desert, the U.S. Geological Survey confirmed. The USGS said the quake on Saturday was centered about 27 miles northwest of El Centro in the desert near the Arizona border. It struck …

Court Revives Challenge to Seattle’s Ridesharing Union Law

A U.S. appeals court has revived a leading business group’s challenge to a Seattle law, the first of its kind, that would allow drivers for ride-hailing services such as Uber Technologies Inc. and Lyft to unionize. The San Francisco-based 9th …

HDI Global, Hannover Re Merge Units to Create Specialty Insurance Joint Venture

Hannover Re and HDI Global SE are merging their specialty activities in a new joint venture. The new company, HDI Global Specialty SE, will write agency and specialty insurance business in lines such as errors & omissions liability insurance, directors’ …

Denmark’s Alpha Insurance Heads for Bankruptcy in Wake of CBL Woes

The Denmark insurance company Alpha Insurance A/S has filed for bankruptcy. The firm was placed into liquidation on March 4 and four days later the liquidators filed a petition for bankruptcy. In a statement released on March 5, 2018, Alpha …

Man Pleads Guilty in Alleged $50M Fraud Scheme in Maryland

A former Maryland resident who ran a telemarketing business hawking light bulbs and cleaning supplies has pleaded guilty to federal charges of conspiracy to commit mail fraud and conspiracy to defraud the IRS. Fifty-seven-year-old Eric Epstein of Pompano Beach, Florida, …

Massachusetts Regulators Probe Uber Pricing During Storm

Massachusetts regulators are investigating whether ride-hailing company Uber violated state law by increasing prices during a powerful storm in March. The Boston Herald reports that the Department of Public Utilities, which oversees ride-hailing apps, sent Uber a letter last month …

Landlord in Fatal Maine Apartment Fire to Pay $300K Settlement

A landlord who was sentenced to prison following a fire that killed six people in Maine has agreed to pay close to $300,000 in settlements to the victims’ families. The Bangor Daily News reports Gregory Nisbet will pay $45,000 to …

Takata Air Bags Linked to 278 Injuries, 15 Deaths in U.S.

Takata Corp.’s defective air bags have been linked to 278 injuries across the United States, according to updated figures released by U.S. Democratic Senator Bill Nelson of Florida, in advance of a hearing this week on the nomination of Heidi …

Top 25 Workers’ Compensation Insurers

The top 10 workers’ compensation insurers capture 46 percent of the market across the country, according to the latest figures from the National Association of Insurance Commissioners (NAIC). The top three — Travelers, The Hartford and Zurich— write a little …

Burns & Wilcox Adds Lynch as Vice President in California

Burns & Wilcox has named Jim Lynch vice president of California brokerage in its San Francisco office. He will be primarily responsible for casualty placements, assisting his clients with challenging allied healthcare, construction, products and premise placements. Lynch was previously …