Monthly Archives: <span>September 2014</span>

Court Rules China Banks Don’t Have to Freeze Assets Linked to Fake Designer Goods

Luxury goods retailers Gucci and Tiffany failed to persuade a U.S. appeals court to require major Chinese banks to freeze the assets of alleged counterfeiters in a pair of cases that have drawn the attention of U.S. and Chinese regulators. …

Minnesota Whistleblower Settles Suit for $990,000

A Minnesota man who alerted the U.S. Department of Defense to a Humvee manufacturing change that could potentially put soldiers at risk has won nearly $1 million after settling his whistleblower lawsuit. David McIntosh lost his job at M.K. Battery …

Millennials Dissatisfaction Rates Highest for Homeowners Insurance

Gen Y customers—or Millennials—who comprise the largest group of homebuyers and renters in the United States, are more critical of their homeowners and renters insurance experiences than any other generational group, according to the J.D. Power 2014 U.S. Household Insurance …

Hospitals Struggled During Superstorm Sandy

When Superstorm Sandy slammed into the Northeast nearly two years ago, hospitals found themselves dealing with surges in patients, lost power supplies and employees who couldn’t get to work – problems that a new federal report finds they were not …

Insurers Still Grapple With Marijuana Coverage Questions

Medical marijuana is now legal in 22 states and the District of Columbia. Two of the 20 states — Washington and Colorado – have legalized marijuana for recreational use. This nascent industry is booming. The National Cannabis Industry, comprising entrepreneurs, …

Texas Man Sentenced Workers’ Comp Double Dipping Scam

A Travis County district court sentenced Rodney Williams of Seabrook, Texas for workers’ compensation fraud-related charges, according to an announcement by Texas Mutual Insurance Company. The court sentenced Williams to deferred adjudication and ordered him to pay $6,156 in restitution …

Allianz to Absorb Fireman’s Fund Commercial P&C Business

The Fireman’s Fund commercial property/casualty business will be integrated into Allianz Global Corporate & Specialty (AGCS), the global corporate insurance company of Allianz. The integration further strengthens the Allianz brand in its US commercial P&C business. This move follows the …

York International Appoints Davey to Senior Adjusting Role

York International, a subsidiary of York Risk Services Group and a part of York Specialized Loss Adjusting, has appointed Jennifer Davey as senior loss adjuster within its home foreign operation based in London. Davey’s role within York International covers UK …

Separate Criminal Trials Denied in Philadelphia Building Collapse

A judge has denied a defense request for separate trials for two men charged in last year’s Philadelphia, Pa., building collapse that killed six people inside a thrift store. Fifty-year-old demolition contractor Griffin Campbell and 43-year-old subcontractor Sean Benschop are …

New Jersey Approves Storm Buyouts in East Brunswick

New Jersey has purchased the first of seven flood-damaged homes in East Brunswick under a Superstorm Sandy program. The home on Squire Street was purchased for $193,073, based on pre-Sandy market values from an independent appraisal. Because the neighborhood is …