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Investor group buys Talcott Resolution in $2 billion deal Bob Diamond, Atlas Merchant Capital founder and CEO, and David Schamis, Atlas Merchant Capital CIO, provides insight to the acquisition of The Hartford's life insurance and annuity business. Credit and Source link
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National Obamacare enrollment could come close or match prior tally
Unexpectedly strong enrollment on the federal health insurance exchange means the total number of Obamacare sign-ups this season could could come close to or even match the prior season’s tally, despite serious headwinds.
And that will make it even harder than it already has been for the Trump administration to undo Obamacare, advocates for that health-care law say.
On Thursday, Trump…
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Industry challenge to OSHA silica rule rejected by court
The U.S. Court of Appeals for the District of Columbia Circuit has rejected industry challenges to the U.S. Occupational Safety and Health Administration’s silica rule and ordered the agency to explain why it omitted medical removal provisions.
The Occupational Exposure to Respirable Crystalline Silica rule reduces the permissible exposure limit for crystalline silica over…
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ADA suit against marketplace reinstated on appeal
A federal appeals court has reinstated an Americans with Disabilities Act lawsuit filed by a wheelchair-bound plaintiff who said he had difficulty maneuvering in a Maryland marketplace.
John Nanni, a Delaware resident who suffers from post-polio syndrome and generally uses a wheelchair, filed suit against Glen Burnie, Maryland-based Aberdeen Marketplace Inc., which he…
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The return of bed bugs
The infestation of bed bugs is on the rise, and here, Karen Sorrell, CPCU offers critical information about these tiny critters and property insurance coverage. (Photo: Shutterstock)
When we first wrote about bed bugs in 2010, it started as a lark on a slow afternoon.
Since then, the creatures have developed into an epidemic infestation. The mere mention of bed bugs strikes fear in the hearts…
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Woman files fraudulent claim for car impounded in drug bust
A New York woman successfully filed an insurance claim on a car she knew had been impounded in a drug bust involving her boyfriend, Newsday reported Wednesday.
Gleudys Ilarraza, 46, was arraigned Wednesday in Mineola, New York, on charges of third-degree larceny, third-degree insurance fraud and first-degree falsifying business records, prosecutors told reporters.
“This…
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DC Circuit Court Ruling Upholds Respirable Crystalline Silica Standard
In April 2017, numerous industry trade groups and labor unions, filed legal challenges to the Respirable Crystalline Silica Standard’s (29CFR1910.1053 and 29CFR1926.1153) validity in several circuit courts across the country. The petitions were consolidated into the U.S. Court of Appeals for the D.C. Circuit (Docket No. 16-1105).
(more…)
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Alabama construction company penalty for trenching hazard affirmed
An administrative law judge of the Occupational Safety and Health Review Commission has upheld a citation and penalty against an Alabama construction employer for a trenching hazard.
Two Occupational Safety and Health Administration employees were driving past a Vestavia, Alabama, worksite of Birmingham, Alabama-based T.E. Stevens Co. Inc. in April 2016. They stopped and…
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Ruling puts generic liability in brand-name drugmakers’ court
Brand-name pharmaceutical manufacturers can be held liable for drugs they have neither sold nor even continue to own, says the California Supreme Court in a divided opinion issued Thursday.
An observer said the ruling will likely result in more product liability litigation being filed in California.
The case involves a woman who was prescribed terbutaline, a generic form…
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OSHA fines Ohio tile maker, deems severe violator of safety rules
U.S. federal workplace safety regulators have issued proposed fines totaling $514,236 against an Ohio manufacturer of luxury vinyl tile and deemed the company a severe violator of workplace safety regulations.
The U.S. Occupational Safety and Health Administration cited Fostoria, Ohio-based Nox US L.L.C. for machine safety violations after responding to two separate reports…
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Court in California Rules Novartis Can Be Sued Over Generic Drug Injuries
California’s top court has opened the door for consumers to sue Novartis AG and other makers of brand-name pharmaceutical products over injuries blamed on generic versions of the drugs manufactured by other companies.
The California Supreme Court’s ruling on Thursday broke with decisions nationally to the contrary and created exposure for brand-name drugmakers who could be sued in the state for…
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NFIP extended to Jan. 19
The National Flood Insurance Program was again extended, this time as part of a continuing resolution to keep the U.S. government open until Jan. 19.
The U.S. House of Representatives adopted the continuing resolution on Thursday on a 231-188 vote, followed by U.S. Senate approval on a 66-32 vote, temporarily avoiding a government shutdown.
The NFIP was originally set to…
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Tax reform may affect insurance reserves, pricing
The overhaul of the U.S. tax code will lead to changes for the property/casualty insurance sector, including to their fourth-quarter 2017 reserving practices, and eventually lower pricing in some business lines, according to a note by analyst Keefe, Bruyette & Woods Inc.
The U.S. Congress on Wednesday adopted the bill that will, among other things, replace the current…
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California Division of Workers' Comp Suspends 16 Medical Providers
California Division of Workers’ Comp Suspends 16 Medical Providers
The California Division of Workers’ Compensation has suspended 16 more medical providers from participating in the state’s workers’ comp system, bringing the total number of providers suspended this year to 131.
The suspensions were made possible by the passage last year of Assembly Bill 1244, which requires the DWC administrative director to suspend any medical provider convicted of a crime…
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CNA's Sather Joins AXIS Insurance U.S. Programs as Underwriter
CNA’s Sather Joins AXIS Insurance U.S. Programs as Underwriter
Matthew Sather has joined the U.S. Programs, Property & Casualty team of AXIS Insurance business unit as a vice president of Underwriting.
Sather is based in the company’s Chicago office and reports to John Tatum, executive vice president and head of U.S. Programs.
Sather will work with Tim McGee, U.S. Programs Underwriting officer, to guide underwriting best practices and portfolio management…
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Florida construction company owner arrested after $733,549 comp scam
A Jacksonville, Florida, construction company owner who allegedly provided fictitious information when applying for workers compensation insurance coverage to obtain a lower premium was arrested Dec. 7, the state’s Chief Financial Officer Jimmy Patronis announced Wednesday.
Investigators received a tip that Maria Cristina Romero Zelaya, owner of Miochosis Construction…
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A.M. Best Affirms Allied World's Ratings
A.M. Best Affirms Allied World’s Ratings
Ratings agency A.M. Best has removed Allied World Assurance Co. Ltd. and its divisions from their status as “under review with negative implications” and affirmed Allied World’s financial strength rating of “A” (Excellent) and the long-term issuer credit ratings of “a+.”
A.M. Best said Allied World’s ratings reflect a strong balance sheet, as well as financial security in light of Fairfax…
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