Archive for February 2016

A Takata Corp. engineer involved in testing the company’s air bags invoked his constitutional right against self-incrimination in declining to testify in a lawsuit brought by a woman left paralyzed in a 2014 accident. Lawyers for accident victims claim Takata … Read More Read more here:: Insurance Journal       

Henderson Brothers Inc., an independent insurance agency based in Pittsburgh, Pennsylvania, recently announced following three new hires: Angela DeSimone has joined Henderson Brothers as accountant in the finance department. With eight years of experience in finance, DeSimone will manage general … Read More Read more here:: Insurance Journal       

Delaware Insurance Commissioner Karen Weldin Stewart said 2015 marked another record year of captive insurance formations in Delaware. Stewart said Delaware last year licensed 74 pure captive insurers, three special purpose captive insurers and 112 series captive insurers, for a … Read More Read more here:: Insurance Journal       

William Guthrie was named chief risk officer, and Melissa Kaufman was named vice president of product development of Menlo Park, Calif.-based Pacific Specialty Insurance Co. Pacific Specialty is part of the McGraw Group of Cos. Guthrie is responsible for the … Read More Read more here:: Insurance Journal       

The Pennsylvania Compensation Rating Bureau (PCRB) said the Pennsylvania Insurance Department has approved PCRB’s filing which calls for an overall average workers’ compensation loss cost decrease of 0.90 percent from existing loss costs. Pennsylvania Insurance Commissioner Teresa Miller approved PCRB’s … Read More Read more here:: Insurance Journal       

Ellen Sims Langille was named general counsel of the California Workers’ Compensation Institute. Langille will manage the CWCI’s internal and external legal affairs. She will also serve as staff liaison to the legal committee, which directs CWCI’s amicus activities, analyze regulatory … Read More Read more here:: Insurance Journal       

Uber Technologies Inc. said it will pay $28.5 million to settle claims that a $1 “safe rides fee” charged to riders was misleading because its background checks on drivers aren’t as rigorous as the company advertised. The company said in … Read More Read more here:: Insurance Journal       

Two influential U.S. lawmakers on Thursday criticized the financial industry for saying in public that a new rule on retirement advice could have “dire consequences,” but then speaking optimistically about it with shareholders. The proposed rule would create a “fiduciary … Read More Read more here:: Insurance Journal       

Zenefits has been under investigation by the California Department of Insurance since last year, the state agency disclosed, saying the resignation of co-founder and Chief Executive Officer Parker Conrad earlier this week doesn’t resolve compliance issues at the human-resources software … Read More Read more here:: Insurance Journal