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Laser Attacks Pose ‘Real Threat’ to Aviation Safety: British Pilots’ Association
The number of laser attacks on aircraft is still “dangerously high,” although incidents are down slightly from 2015, said the British Airline Pilots’ Association (BALPA). BALPA was commenting on data released this week from the UK’s Civil Aviation Authority (CAA), …

POSTED FEBRUARY 28, 2017 8:20 AM
Arch Re Launches Gulf Underwriting Entity to Supplement Gulf Re’s Role
Arch Reinsurance Ltd. has created an entity to handle its underwriting in the Gulf region and eventually replace the role Gulf Re plays in its business there, a few years after it fully acquired the struggling reinsurer for this purpose. …

POSTED FEBRUARY 28, 2017 8:19 AM
More Than 3K Records Breached at Vanderbilt University Medical Center
Vanderbilt University Medical Center officials say the hospital has had a security breach where two employees accessed medical records of more than 3,000 patients. The Tennessean reports the hospital has sent out letters to patients whose personal information was inappropriately …

POSTED FEBRUARY 28, 2017 6:26 AM
Florida Man Steals $150K Maserati During Test Drive
A Maserati is missing after police say a man conned a salesman during a test drive. Police in Boca Raton, Fla., say 45-year-old Michael McGilvary II went to a dealership to test drive a $150,000 Maserati GranTurismo. He and a …

POSTED FEBRUARY 28, 2017 6:21 AM
First Florida Bill Addressing AOB Introduced for 2017 Session
Florida now has legislation backed by the top Florida insurance regulator and the industry that promises to curtail homeowners insurance abuse under the assignment of benefits (AOB) feature. Senate Bill 1038, filed Feb. 17 by State Sen. Dorothy Hukill and …

POSTED FEBRUARY 28, 2017 5:00 AM
AIG Directors Mull CEO Hancock’s Fate After Disappointing Results
American International Group Inc.’s directors are discussing whether to penalize or oust Chief Executive Peter Hancock over a major setback in the insurance firm’s turnaround plan, the Wall Street Journal reported, citing people familiar with the matter. Fifteen directors are …

POSTED FEBRUARY 27, 2017 10:26 PM
Cavignac & Associates in California Names Watson Junior Account Executive
San Diego, Calif.-based Cavignac & Associates has named Stephen Watson a junior account executive. Watson’s area of focus will be on professional liability. Watson previously was employed as assistant manager of Walmart in State College, Pa., where he lead, trained …

POSTED FEBRUARY 27, 2017 6:22 PM
Marsh Launches New Excess Medical Professional Liability Policy Form
Marsh has unveiled a new excess medical professional liability (MPL) policy form that combines industry favorable MPL terms and conditions into a single excess policy to be used by commercial insurers. Developed by Marsh’s US Casualty and HealthCare Practices in …

POSTED FEBRUARY 27, 2017 5:51 PM
Self-Driving Nissan Car Begins Tests on Streets of London
Guided by cameras and radars, and negotiating traffic and roundabouts, a self-driving Nissan car took to the streets of London on Monday for the Japanese company’s first European tests of an autonomous vehicle. Traveling at up to 50 miles (80 …

POSTED FEBRUARY 27, 2017 5:43 PM
Ohio Man Pleads Guilty to Workers’ Comp Fraud
A Marion, Ohio, man who was injured on the job as an emergency medical technician in 2010 recently pleaded guilty to workers’ compensation fraud after investigators discovered him working as a high school bowling coach, the Ohio Bureau of Workers’ …

POSTED FEBRUARY 27, 2017 5:35 PM
Oklahoma Pipeline Company to Reimburse Iowa Entities for Spill
An Oklahoma pipeline company says it will reimburse north-central Iowa agencies for expenses they incurred while responding to a diesel pipeline spill near Hanlontown last month. The Mason City Globe Gazette reports that Magellan Midstream Partners is making the offer. …

POSTED FEBRUARY 27, 2017 5:29 PM
Alliant Adds Gulf Coast Marine Expert, Hood, in New Orleans
Alliant Insurance Services, headquartered in Newport Beach, Calif., has added Tom Hood to its energy and marine group in New Orleans. As first vice president, Hood will provide targeted insurance, risk management and finance solutions to a growing portfolio of …

POSTED FEBRUARY 27, 2017 5:23 PM
28 Injured in New Orleans Parade Crash; DWI Suspected
Authorities on Sunday identified the man who allegedly plowed into a crowd enjoying a Mardi Gras parade in New Orleans while intoxicated. The New Orleans Police Department issued a statement identifying the man as 25-year-old Neilson Rizzuto. Online jail records …

POSTED FEBRUARY 27, 2017 5:16 PM
Berkshire Hathaway’s Insurance Keeps Growing and Hiring Despite Auto, Reinsurance Blips
Even though Berkshire Hathaway’s GEICO chalked up an underwriting loss in the fourth-quarter 2016, with full-year profit coming in basically even with 2015, the company is poised to take advantage of competitor fears, according to the company’s earnings release and …

POSTED FEBRUARY 27, 2017 4:30 PM
Company Founded by Google Accuses Uber of Autonomous VehicleTheft
A self-driving car company founded by Google is colliding with ridesharing service Uber in a court battle revolving around allegations of betrayal, high-tech espionage and greed. The brewing showdown emerged in a lawsuit filed in a San Francisco federal court …

POSTED FEBRUARY 27, 2017 4:05 PM
Arizona Senate Votes to Raise Minimum Auto Liability Insurance
The Arizona Senate approved a bill to raise the minimum amount of liability coverage drivers are required to carry on auto insurance policies, a proposal backers say is needed to protect accident victims from loss. The bill by Sen. Kate …

POSTED FEBRUARY 27, 2017 4:01 PM
California Governor Calls for $437M in Spending for Flood Control
California Gov. Jerry Brown is calling for a boost in spending on water and transportation infrastructure as the waterlogged state grapples with an emergency dam repair, frantic levee fixes and catastrophic road damage caused by storms. The Democratic governor redirected …

POSTED FEBRUARY 27, 2017 3:58 PM
Washington Utility Commits to Maintain Low Levels at Lake over Quake Fears
Updated earthquake concerns for Mossyrock Dam, the tallest structure of its kind in Washington, have prompted Tacoma Power to commit to a new, reduced water level at Riffe Lake that will likely stretch well into the next decade. The Chronicle …

POSTED FEBRUARY 27, 2017 3:55 PM
Police Say Worker Dies After Falling from Roof of Massachusetts Home
Police say a man working on a house under construction in Duxbury, Mass., has died in a fall from the roof. The Patriot Ledger reports that police and firefighters were called to the construction site at around 7:45 a.m. Tuesday following …

POSTED FEBRUARY 27, 2017 2:37 PM
Pennsylvania Doctor Admits to Selling $5M Worth of Prescriptions to Addicts
A doctor has admitted his role in peddling prescriptions from a now-defunct clinic in Philadelphia, Penn., that specialized in helping drug addicts. Seventy-eighty-year-old Dr. Alan Summers pleaded guilty in federal court to charges including conspiracy, drug distribution, money laundering and …

POSTED FEBRUARY 27, 2017 2:23 PM
New York’s Crystal & Company Hires Giuè
Crystal & Company, a New York-based strategic risk and insurance advisor, has hired Ciro Giuè as an executive director and national practice leader for voluntary and worksite employee benefit solutions. Giuè brings 10 years of industry experience to his new …

POSTED FEBRUARY 27, 2017 2:19 PM
Maine-Headquartered Clark Insurance Promotes Two and Hires One
Clark Insurance, a Portland, Maine-headquartered independent insurance agency, has promoted two employees and hired one. Tricia Spencer has been promoted to business insurance department coordinator. Spencer initially joined the agency in 2012. In her new role, she will be responsible …

POSTED FEBRUARY 27, 2017 2:00 PM
Asta Invests in London & Dubai Reinsurance MGA, Arma Underwriting
Asta, the London-based Lloyd’s third party managing agent and specialist MGA investor, announced it has agreed to invest in the development of Arma Underwriting Ltd. Asta will take a minority equity stake in Arma and will also support the company’s infrastructure including finance and IT. Arma received “in principle” approval from the Dubai Financial Services Authority on Feb. 19, and …

POSTED FEBRUARY 27, 2017 12:17 PM
Chubb Names Krishnan to Lead Global Accounts; Lakickas Is Division EVP
Chubb has announced two senior management appointments to its Global Accounts division, serving large and complex clients in Europe and around the world. Suresh Krishnan, currently executive vice president, Global Accounts, Overseas General Insurance, has been appointed to the newly created role …

POSTED FEBRUARY 27, 2017 11:25 AM
Singapore Tightens Rules for Sharing Economy that Could Disrupt Asia Ambitions
Singapore, a keen early adopter of the sharing economy, has fired a warning shot across the bow of Airbnb and Uber with tighter rules that could shake up their business models and growth ambitions in Asia. The rules, some say, …

POSTED FEBRUARY 27, 2017 11:06 AM
UK, Canada Regulators Sign Agreement to Help Expansion of Fintech Firms
British and Canadian regulators have signed an agreement to make it easier for financial technology companies to expand in each other’s markets, they said on Wednesday. The agreement between the UK’s Financial Conduct Authority and the Ontario Securities Commission is …

POSTED FEBRUARY 27, 2017 8:45 AM
Intesa Abandons Plans to Buy Generali, Citing Lack of Shareholder Value
Italy’s biggest retail bank Intesa Sanpaolo abandoned plans to join forces with the country’s largest insurer Assicurazioni Generali on Friday, saying a tie-up would not create value for its shareholders. A merger of the two would have created an Italian …

POSTED FEBRUARY 27, 2017 7:28 AM
Republicans’ Replacement for Obamacare Taking Shape
Republican lawmakers expect that their Obamacare replacement will result in fewer Americans covered by health insurance, a fact that’s likely to increase blowback amid growing support for the program. New details of the plan are beginning to emerge, described by …

POSTED FEBRUARY 27, 2017 6:00 AM
Trump Administration Reviewing Obama’s Autonomous Vehicle Guidance
U.S. Transportation Secretary Elaine Chao said on Sunday she is reviewing self-driving vehicle guidance issued by the Obama administration and urged companies to explain the benefits of automated vehicles to a skeptical public. The guidelines, which were issued in September, …

POSTED FEBRUARY 27, 2017 6:00 AM
Staying Alive: Cutting U.S. Highway Death Rate to Zero
In the near future, the U.S. should be able to prevent thousands, and perhaps tens of thousands, of deaths on the roads and highways. The Department of Transportation has proposed a Road to Zero — the elimination of motor-vehicle fatalities …

POSTED FEBRUARY 27, 2017 6:00 AM

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