Monthly Archives: <span>April 2016</span>

Engaging Job Applicants in a Multi-Generational Talent Pool

As a shift in workplace demographics takes hold within the insurance industry, new employment recruitment strategies are being embraced. In the past, jobs were obtained either through word of mouth or by answering a classified ad in the newspaper. These …

People Moves

CNA Appoints Townsend Senior Vice President, Claim CNA appointed Joel Townsend senior vice president, Claim. He will report to David Perry, senior vice president, Specialty Claim. Most recently, Townsend served as senior vice president and Worldwide Specialty Claims manager at …

Guilty of Embezzlement, Ex-QBE Exec Sentenced to Year and a Half in Prison

A former executive of QBE Insurance Group was sentenced on Thursday to 1-1/2 years in prison for conspiring to embezzle $2.6 million from the insurance company, some of which he used to buy a house and luxury vehicles. James Shea, …

U.S. Agency Won’t Consider Takata Impact in Recall Decisions

The chief U.S. auto safety agency says it won’t take Takata Corp.’s financial viability into account when it decides whether to expand further the largest-ever auto safety recall. The National Highway Traffic Safety Administration will focus solely on safety, as …

Study Finds Antarctic Ice Could Melt Faster Than Expected

Warmer air, less frigid water and gravity may combine to make parts of Antarctica’s western ice sheet melt far faster than scientists had thought, raising sea levels much more than expected by the end of the century, according to a …

South Texas School Superintendent Estimates $12M in Flood Damage

A Southeast Texas school district where flooding swamped an elementary school with 5 feet of water faces an estimated $12 million in losses and little insurance coverage, an administrator said Wednesday. Deweyville Independent School District Superintendent Kevin Clark remained upbeat …

Costly Ice Wall at Fukushima Plant Approved by Japan Regulators

Japanese regulators on Wednesday approved the use of a giant refrigeration system to create an unprecedented underground frozen barrier around buildings at the wrecked Fukushima nuclear plant in an attempt to contain leaking radioactive water. The Nuclear Regulation Authority said …

What’s in a Name? Insurance Coverage?

Are insureds required to notify the insurance company of a change in business form and structure after the inception of the initial policy? This issue recently came before the United States Court of Appeals for the Tenth Circuit in Christy …

Federal Law Requires Disputes Over Workers’ Comp Insurance Payment Agreements be Decided by Arbitration

The highest New York state court has ruled that disputes over workers’ compensation insurance payment agreements between National Union and three California-based employer insureds must be decided by arbitration under arbitration clauses of those agreements and the Federal Arbitration Act …

GM Wins Two in a Row in Trial Over Crashes Blamed on Ignition Flaw

General Motors Co. won its second straight trial against drivers who blamed car wrecks on faulty ignition switches, boosting the company’s outlook for resolving hundreds of similar cases on more favorable terms. The crash of Dionne Spain’s 2007 Saturn Sky …