Wells Publishing Inc., publisher of Insurance Journal, Claims Journal and MyNewMarkets.com, recently hired Denise Johnson as associate editor of Claims Journal. Johnson’s background includes various claims positions, including serving as a senior claims examiner, field claims representative and a claims …
Wholesaler broker Crump Insurance Services Inc. has acquired Self Funded Alternatives, an insurance intermediary specializing in self-insured workers’ compensation programs. SFA is based in Langhorne, Penn. and has associates in Las Vegas, Nev. and Woodland Hills, Calif. Crump said that …
The flooding that has inundated low-lying communities and farmland for miles along the Upper and Lower Mississippi River is due to a large, slow-moving storm system that was spawned nearly a month ago. “The flooding began when a critical weather …
The Securities and Exchange Commission recently charged six executives of Kansas-based Brooke Corp and two of its subsidiaries with hiding critical information from investors and conducting financial fraud, according to a criminal complaint. The SEC says five executives have agreed …
Ship owners are becoming increasingly concerned about the financial consequences of a rise in ship charterers filing for bankruptcy. In order to protect owners’ vital revenue streams from this risk, Marsh launched Charter Default, a product that provides a mix …
As flood waters continued rising along the Mississippi River, a House committee yesterday unanimously approved bipartisan legislation to extend the federal flood insurance program for five years and introduce financial reforms of the debt-ridden program. The legislation (HR 1309) approved …
The White House Thursday pressed Congress to pass strong cybersecurity measures to protect consumers’ personal information and safeguard the nation’s financial system and electric power grid from potentially devastating attacks. Several cybersecurity bills have limped along in Congress over the …
Shareholders upset with ever-higher executive compensation packages are using new “say-on-pay” votes to challenge the payouts in court, a tactic raising eyebrows among legal experts. The lawsuits are zeroing in on companies that lose these advisory votes by shareholders on …
The recent hacker attack at Sony Corp. and other corporate data breaches are attracting more class-action lawyers eager to score a payday, though huge monetary settlements may be elusive. At least 25 lawsuits have been filed against Sony in U.S. …
More than 30,000 people are killed in car crashes each year in the United States. In addition to the toll on victims’ families and friends, crash deaths result in some $41 billion in medical and work loss costs, according to …
