U.S. Says Coal Mine Companies Should Cover Full Cleanup

The ailing coal industry must face the costs of cleaning up spent mines even as companies get pushed toward bankruptcy, the U.S. Interior Secretary said this week. The mining industry is responsible for restoring old mine sites but a taxpayer … Read More Read more here:: Insurance Journal       

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Thawing Arctic Ice Creates New Environmental Risks as Shipping Routes Open

The Arctic is thawing even faster than lawmakers can formulate new rules to prevent the environmental threat of heavy fuel oil pollution from ships plying an increasingly popular trade route. Average Arctic temperatures are rising twice as fast as elsewhere … Read More Read more here:: Insurance Journal       

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Startup Lemonade Bets Behavioral Science Can Help Insurance Not Suck

By Andrew G. Simpson A company that openly berates the current insurance industry as one that sucks believes that adding behavioral science to the mix will help fix it. The New York-based startup Lemonade, which is promising to be a revolutionary peer-to-peer insurer, announced … Read More Read more here:: Insurance Journal       

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Pennsylvania Reclaimed $185M for Insurance Consumers in 2015

Pennsylvania Insurance Commissioner Teresa Miller announced that the state’s Insurance Department reclaimed $185,055,050 for insurance consumers throughout the state during 2015. The commissioner said that throughout 2015, the state’s Insurance Department helped 12,307 consumers around Pennsylvania receive some form of … Read More Read more here:: Insurance Journal       

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New Jersey Issues Bulletin on Web-Based Travel Insurance Sales

The New Jersey Department of Banking and Insurance issued a bulletin stating that the opt-out sales process used for selling travel insurance by some web-based travel services companies would be considered unfair methods of competition. The department issued Bulletin No. … Read More Read more here:: Insurance Journal       

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Kalteux, Deich Head New Great American Executive Liability Offices in Atlanta, Denver

Great American Insurance Group’s Executive Liability Division has opened regional offices in Atlanta and Denver. The Atlanta regional office is led by Tim Kalteux, who has been with Great American’s Executive Liability Division for 15 years including a role in … Read More Read more here:: Insurance Journal       

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Investors Shunning Once-Hot Cybersecurity Startups

The U.S. cyber security industry, once one of the hottest targets for venture capitalists, is now grappling with a funding slump that has forced some startups to sell themselves or cut spending. Amid widespread concerns about cyber attacks and data … Read More Read more here:: Insurance Journal       

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Credit Card Buyers, Sellers Making Out Like Bandits

Cyber thieves who steal credit and debit card numbers are making millions of dollars in profits, fueling a global criminal enterprise marked by the high-profile data breaches of major companies such as Target and Home Depot. On average, a batch … Read More Read more here:: Insurance Journal       

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Widow of El Faro Crew Member Calls for More Oversight of Shipping in Bad Weather

The widow of one of the 33 crew members killed when the El Faro sank in a hurricane last fall called on Friday for stricter oversight of decisions by shipping companies and their captains to sail in adverse weather. Rochelle … Read More Read more here:: Insurance Journal       

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