Insurance

Insurance

Supplier’s Purchase Order Does Not Confer Additional Insured Status

   The district court ruled that there was no duty to defend the purported additional insured because a purchase order did not invoke additional insured status. Fed. Signal Corp. v. Tammcor Indus., 2016 U.S. Dist. LEXIS 47574 (N.D. Ill. April 7, 2016).     Federal Signal designed a speaker system that was installed on a Navy supply ship. Tammcor supplied Federal Signal with the metal housing for the speaker system. A speaker on the ship allegedly malfunctioned and sent debris into the eyes of a nearby person. The injured party sued Federal Signal. The parties ultimately settled.     Federal Signal then sought indemnification for defending and settling the lawsuit. It sued Tammcor and also named Tammcor's insurer, Peerless Indemnity Insurance, as a defendant. The lawsuit alleged that Federal Signal was an…

Insurance firm China Life puts $600M into Didi Chuxing months after backing Uber – TechCrunch

TechCrunchInsurance firm China Life puts $600M into Didi Chuxing months after backing UberTechCrunchCan't beat 'em, join 'em. That appears to be the thinking of China Life, Asia Pacific's highest valued insurance firm, after it backed Chinese taxi app Didi Chuxing barely months after investing in fierce rival Uber. Didi announced today that it has …China's Uber rival Didi Chuxing raises $600 million from China Life InsuranceReutersDidi Chuxing, Uber's Chinese Rival, Raises $600 Million From China Life InsuranceInternational Business TimesDidi Chuxing receives $600m investment from China Life InsuranceChinadaily USANasdaqall 41 news articles »

Insurance

NTSB Conducting Accident Site Photography Course Next Month

The July 12-14 course will give students an overview of photographic procedures and techniques focused on documenting transportation accident investigations in photos.

Insurance

Pennsylvania Employer Sued; Worker Loses 3 Fingers

On July 11, 2014, a worker at Lloyd Industries’ Montgomeryville (Pa.) plant suffered the amputation of three fingers after a machine without safety guards crushed his hand. The company, a leading manufacturer of fire dampers and HVAC products, fired him immediately after the incident. Four months later, OSHA received a safety complaint from the injured employee and the agency opened an inspection. On Nov. 18, 2014, five days after it began, company owner William P. Lloyd fired a worker he suspected to be a “rat” who had assisted the injured employee by providing him with pictures of the unguarded machine. In fact, the employee had taken photographs of the unguarded machine that caused the amputation, other areas of the shop and of employees operating unguarded machines. He shared those …

Insurance

The HWR is bustin’ out all over!

At Health Blawg, David Harlow hosts the Health Wonk Review this week, and it’s a great edition. Earlier this spring, David also started the idea of a video chat “Blab” to discuss each edition of the Health Wonk Review the week after it’s posted. The Blab for this HWR will be on Tuesday, June 7 […] The post The HWR is bustin’ out all over! appeared first on Colorado Health Insurance Insider – Colorado Health Insurance Insider – No-cost assistance, quotes, research and support.

European General Data Protection Regulation (GDPR)

It seems that big changes to data protection as we know it are on their way to the UK as after several years of preparation and lobbying, the European Parliament has finally adopted the new European General Data Protection Regulation (GDPR) [Directive 95/46/EC]. So what is the GDPR you ask? Well it will officially replace the basis behind the Data Protection Act 1998 and will become law in all EU member states from May 2018. The GDPR will also affect any businesses who process the personal data of EU citizens, even if they are based outside of the EU. The document lays out compliance measures that each member state will need to meet before they take over for good in the summer of 2018 but what are the main changes…

Insurance

When is it appropriate to cancel a life insurance policy?

3 Most Common Reasons for Canceling a Life Insurance Policy Just as the name implies, life insurance is usually for life. After all, the policyholder’s family will only receive the death benefits when the policyholder passes away. So why would anyone cancel a life insurance policy prematurely? Individuals usually sign up for life insurance to cover their own end-of-life expenses, to leave something behind for their spouse or their children, or to pay off the family’s mortgage and other burdensome expenses. Even with so much financial security in place, there are a few scenarios in which it might make financial sense to cancel a policy, depending on the policyholder’s current situation. Loss Of Income For millions of families across the country, times are tight. An unexpected…

Insurance

Jury Rules for Deloitte Over Insurance-Company Failures – Wall Street Journal

Jury Rules for Deloitte Over Insurance-Company FailuresWall Street JournalA jury has ruled that Deloitte & Touche LLP isn't liable in Florida's biggest-ever insurance-company collapse. The Florida Department of Financial Services didn't prove its claims that Deloitte was negligent in its audits for three insurance companies …and more »

Bid to convert Chapel Street house into insurance brokers – Talk of the Town

Talk of the TownBid to convert Chapel Street house into insurance brokersTalk of the TownBrendan Watters has applied to Louth County Council for an extension of planning permission to convert a house in Chapel Street into an insurance brokers. He hopes to change the use of 9 Chapel Street into an insurance brokers and financial services …

Insurance

NSC Supports Oklahoma Lawmakers for Banning Texting While Driving

The organization now says the state should become the first to enact a total cell phone ban.

Insurance

Teams Sent to Investigate North Dakota Derailment

Ten rail cars carrying crude oil ignited after the May 6 derailment near Heimdahl, N.D. Firefighters were allowing the last four burning cars to burn out later in the day.

Insurance

Report Finds Latinos in California Least Likely to Have Workplace Retirement Plan

The NCLR says that a California state policy solution could increase Latinos’ retirement savings.