Archive for November 2015

Canadian Pacific on Nov. 11 said a broken rail caused a weekend freight train derailment in Wisconsin that resulted in an oil spill and a precautionary evacuation. No one was injured in the incident on Nov. 8, which caused an … Read More Read more here:: Insurance Journal       

Federal prosecutors in Indiana have indicted 36 people in an insurance fraud scheme alleging they staged car crashes and filed false insurance claims. The indictment alleges 56-year-old Michael W. Burris Sr., his 53-year-old wife, Lisa, and others planned a series … Read More Read more here:: Insurance Journal       

U.S. prosecutors on Tuesday unveiled criminal charges against three men accused of running a sprawling computer hacking and fraud scheme that included a huge attack against JPMorgan Chase & Co. and generated hundreds of millions of dollars of illegal profit. … Read More Read more here:: Insurance Journal       

A federal task force is expected to recommend a Web-based registry for drone owners that would impose no registration fees, two people familiar with the matter said. The 25-member task force reached no final decisions after three days of meetings … Read More Read more here:: Insurance Journal       

Pactiv LLC, an Illinois-based provider of advanced packing solutions to customers around the world, will pay $1,700,000 to settle disability discrimination charge filed with the U.S. Equal Employment Opportunity Commission (EEOC), the agency announced. The EEOC said an investigation found … Read More Read more here:: Insurance Journal       

Two influential U.S. senators, worried about Takata Corp.’s ability to complete its recall of potentially deadly air bag inflators, sought regulatory guidance on how to hold the Japanese company accountable if its U.S. subsidiary goes bankrupt. “We have concerns about … Read More Read more here:: Insurance Journal       

A fall from a third-story balcony in Dallas killed 44-year-old Jorge Carrion Torres as he worked on the exterior of an apartment complex on May 14, 2015. As a result the federal Labor’s Occupational Safety and Health Administration has proposed … Read More Read more here:: Insurance Journal       

Hundreds of homes and businesses in a central Indiana city hit hard by flash flooding seven years ago could face hefty jumps in their insurance costs if updated federal flood plain maps are approved. About 70 percent of Franklin’s industrial … Read More Read more here:: Insurance Journal       

Indiana-based medical device manufacturer Zimmer Biomet Holdings Inc. has been cleared of liability in the first of more than 900 U.S. lawsuits to go to trial over claims that its NexGen Flex knee replacements were prone to painful, motion-impairing loosening. … Read More Read more here:: Insurance Journal