Archive for August 2017

By Don Jergler A woman is suing an Oregon cremation company for $2.5 million, claiming it gave her the remains of a stranger instead of her deceased father. Kimberly Grecco, 53, discovered the remains were her not her father’s as she prepared to … Read More Read more here:: Insurance Journal       

By Elizabeth Blosfield The New York Department of Financial Services (DFS) has issued cybersecurity requirements for financial services companies. Codified at 23 NYCRR §500, the law became effective on March 1, 2017, and requires insurance and insurance-related companies as well as brokers, agents … Read More Read more here:: Insurance Journal       

By Andrew G. Simpson Many Americans dream of driving fabulous, unique, vintage cars. The vast majority of Americans never get to actually do it. Sure, we see them around—I live in Brooklyn and I don’t own a car, but as I walk around my … Read More Read more here:: Insurance Journal       

By Elizabeth Blosfield A state senator was named Wednesday by Governor Charlie Baker to the regulatory board that will oversee the cannabis industry in Massachusetts. Sen. Jennifer Flanagan, of Leominster, is the first appointee to the five-member Cannabis Control Commission. She will serve … Read More Read more here:: Insurance Journal       

By Don Jergler A federal bankruptcy judge has approved a $1 million loan for the Alaska Dispatch News to keep it operating as negotiations continue with potential buyers. The newspaper will use the loan from potential buyers approved this week to continue paying … Read More Read more here:: Insurance Journal       

By Don Jergler A survey from 18 hospital systems and more than 44 individual facilities within California shows average losses paid per indemnity claim rose 2.9 percent annually over the past 10 years. Keenan HealthCare and actuarial consultant Milliman on Thursday released the … Read More Read more here:: Insurance Journal       

By Andrew G. Simpson Verisk Analytics Inc. has agreed to acquire LCI, a provider of bankruptcy risk prediction and management tools for banks and creditors. When the transaction is complete, LCI, based in Burlingame, California, will become part of Argus, Verisk’s data and advisory … Read More Read more here:: Insurance Journal       

A family has settled a lawsuit against Perdue Farms and a trucking company over the death of an off-duty sheriff’s deputy whose tractor was struck by a semi-truck carrying chicken. The Virginian-Pilot reported Tuesday that the suit is being settled … Read More Read more here:: Insurance Journal       

A number of Philadelphia-area law firms are setting up practices to serve the cannabis industry despite concerns of an uncertain future. Many of the city’s biggest law firms – including Duane Morris, Fox Rothschild and Cozen O’Connor – have recently … Read More Read more here:: Insurance Journal