Archive for April 2016

The maker of the assault rifle used in the 2012 massacre of more than two dozen students and teachers must face a lawsuit by victims’ families accusing Bushmaster Firearms International LLC of wrongfully selling the weapon to civilians. Connecticut State … Read More Read more here:: Insurance Journal       

Spending on medicines increased by double digits for a second year in 2015 and reached $425 billion based on invoice prices. After adjusting for rebates and other price concessions by manufacturers, net spending was $310 billion, up 8.5 percent over … Read More Read more here:: Insurance Journal       

By Tim Talley The Oklahoma Supreme Court on April 12 struck down part of the state’s workers’ compensation law, saying the provisions deprived workers of their due process rights and created a subclass of workers. The 7-2 decision invalidates a portion of the … Read More Read more here:: Insurance Journal       

InterWest Insurance Services LLC has named Grant Rappleye to its employee benefits broker team in in Sacramento, Calif. He was formerly a men’s assistant golf coach at California State University Sacramento. InterWest is an insurance brokerage with eight offices throughout … Read More Read more here:: Insurance Journal       

Juan Ortiz Velazquez, 27, of San Jose, Calif. and owner of Carlos Auto Body, was arrested with seven other suspects and charged with multiple counts of felony insurance fraud on Wednesday for allegedly filing 20 fraudulent claims to four insurance … Read More Read more here:: Insurance Journal       

Irvine, Calif.-based Burnham Benefits Insurance Services Inc. has named Tricia McVeigh a senior account manager. McVeigh will in the trucking, transportation and logistics sector. McVeigh has more than 30 years of experience managing client relationships and developing strategic solutions. She … Read More Read more here:: Insurance Journal       

XL Catlin announced it has appointed Philippe Gouraud as head of Strategic Client and Broker Management for its Insurance segment, effective April 15, 2016. Based in London, he reports to Kelly Lyles, chief regional officer, Insurance, at XL Catlin. With … Read More Read more here:: Insurance Journal       

Despite dire predictions that the Zika virus could affect much of the United States including large cities this summer, two public health law experts warn that the country is unprepared, and the financial and moral consequences could be significant. Writing … Read More Read more here:: Insurance Journal       

By Mark Hollmer General Reinsurance Corp. Chairman and CEO Tad Montross plans to step down by the end of 2016, the Berkshire-Hathaway-owned reinsurer said on Tuesday. An eventual successor will report to Berkshire Hathaway executive Ajit Jain, Gen Re spokesperson Sue Johnson told … Read More Read more here:: Insurance Journal