Monthly Archives: <span>February 2015</span>

Coverys Announces New Excess/Surplus Lines Company

Coverys, a medical professional liability insurance provider, announced the creation of Coverys Specialty Insurance Company (Coverys Specialty), a new excess and surplus lines underwriting company. The new offering rounds out the company’s suite of products and services by providing tailored …

San Diego County Hit-and-Run Deaths Spike

California’s San Diego County has seen a spike in the number of people killed in hit-and-run crashes. The Union-Tribune reports Sunday that 23 people died in hit-and-run collisions in 2014, up from seven a year earlier. It was the highest …

Close to 64M Vehicles Recalled in 2014

For the U.S. auto industry, 2014 was the year of the recall. Automakers issued 803 recalls totaling almost 64 million vehicles, more than double the old record from a decade ago, according to government figures. The National Highway Traffic Safety …

Suspicious Mansion Fires Spark $20M in Payouts, Suicide, Fraud Case

She bought draperies flecked with Swarovski crystals. The ceiling mural at her “Gone with the Wind”- inspired mansion featured her family in robes, gazing down from the heavens. And Claire Risoldi’s grand Republican fundraising soirees included the time she surprised …

Waffle House Locations Open During Storms Gain FEMA Attention

When a big storm or tornado devastates a community, the Federal Emergency Management Agency (FEMA) usually steps in to help state and local officials. But in recent years, FEMA has been getting some help of its own from an unexpected …

Former Hartford CEO, McGee, Dies at 60

Liam McGee, an Irish-born banker and insurance executive who guided Hartford Financial Services Group Inc. through a taxpayer bailout and shored up the company’s finances, has died. He was 60. McGee died Feb. 13 after a two-year battle with cancer, …

No Coverage Under Transocean’s $750M Insurance Policy for BP Spill

BP Plc isn’t covered under Transocean Ltd.’s insurance policies for the undersea well blowout that caused the 2010 Gulf of Mexico disaster, the Texas Supreme Court said, blocking the oil company’s access to $750 million for spill costs. The decision …

Amazon Drone Delivery Idea Thwarted by New Federal Rules

Don’t hold your breath waiting for a drone to drop off that order from Amazon.com Inc. or that large pepperoni pie dinner from your favorite pizza joint. The U.S. government’s first attempt at widespread approval for the use of small …

Oil Train Derails and Explodes Forcing Evacuations in West Virginia

A CSX Corp. train carrying Bakken oil from North Dakota derailed and ignited in West Virginia, forcing some residents to flee their homes in frigid weather while cutting power and threatening drinking water. Governor Earl Ray Tomblin declared a state …

Companies Test Employees on Hacking Vunerability

Are you a hack waiting to happen? Your boss wants to find out. High-profile hacks have companies on the defensive, trying to prevent becoming the next Sony Pictures or Anthem. And data shows phishing emails are more and more common …