Insurance Archives - Residential Property Insurance & Business Management

Made in America: How Japanese cars became a US success story
New flaw discovered on Boeing 737 Max that could push the plane downward June 27, 2019
Trump: If US is attacked, Japan can just 'watch it on the Sony television' June 26, 2019
President Donald Trump again lamented what he views as an unequal military alliance Wednesday, claiming that if the US is attacked, Japan "doesn't have to help us at all" and "can watch it on the Sony television."
US women's soccer team hits Trump where it hurts June 26, 2019
President Donald Trump railed against American women's soccer co-captain Megan Rapinoe Wednesday after the soccer star said she wouldn't go to the White House if the national team wins the World Cup before saying that he would invite them to visit "win or lose."
Hong Kong protesters appeal to world leaders as China tries to smother debate June 26, 2019
Hong Kong protesters are appealing for foreign support in their fight for political freedom, calling on world leaders to act ahead of the summit of the Group of 20 major economies in Osaka, Japan, this week.
The very real danger of Trump's talk of a hypothetical Iran war June 26, 2019
The other photo that illustrates the crisis unfolding at the US-Mexico border June 26, 2019
Another photo of a parent and child near the river that divides the United States and Mexico has sparked an outcry -- online and in halls of power.
Japanese angered by Kim Kardashian's new Kimono lingerie line June 26, 2019
Kim Kardashian West has been accused of cultural appropriation after launching a brand of figure-hugging underwear called Kimono.
A father fights to keep his daughter alive as anti-vaccine sentiment swells in Italy June 26, 2019
When his daughter Angela was gravely ill, Nicola Pomaro made her a solemn promise: If she recovered, he would do all he could to help her live life to the full.
Europe's heat wave is smashing records June 26, 2019
Germany recorded its highest-ever June temperature on Wednesday, as much of continental Europe contends with a major heat wave.
Officer traveling with Bolsonaro to G20 caught with 39 kilos of cocaine June 26, 2019
A Brazilian Air Force officer traveling with President Jair Bolsonaro's G20 contingent was arrested late Tuesday, after he was caught with 39 kilograms (roughly 86 lbs) of cocaine.
Kushner refuses to say if US backs two-state solution to Israeli-Palestinian conflict June 26, 2019
Jared Kushner, President Donald Trump's senior adviser, refused to say in an interview with CNN's Wolf Blitzer whether the US backs or opposes Israel's annexation of Jewish settlements in the West Bank or supports a two-state solution to the decades-old Israeli-Palestinian conflict.
The G20 isn't about Trump, but it is about his (mostly rocky) relationships with world leaders June 26, 2019
President Donald Trump will arrive Thursday at the G20 summit in Osaka, Japan -- his third time attending the yearly gathering as President and, in some ways, the most consequential.
Most expensive city for expats revealed June 26, 2019
Hoping to pack up your life and work somewhere more interesting than your hometown?
Scientists just found a massive amount of freshwater under the Atlantic Ocean June 27, 2019
If you dive deep enough off America's northeast coast you'll find something surprising under the Atlantic Ocean: freshwater.
Bones uncover mystery of Neanderthals June 26, 2019
The Neanderthal genome was sequenced in 2010, but mystery still surrounds the early history of our extinct human relative.
Eric Trump says he was spit on at a restaurant June 26, 2019
Eric Trump, son of President Donald Trump, said Tuesday he was spat on by an employee at a Chicago-area restaurant.
Britain deploys new fighter jet June 26, 2019
Britain has successfully completed the first operational mission of its most advanced fighter jet -- the Lockheed Martin Lightning F-35B.
China bans all meat from Canada June 26, 2019
The Chinese government has announced a suspension on imported meat products from Canada over claims of forged customs documents, the latest sign of deteriorating relations between the two countries.
US and India agree that even friends disagree. But can they agree on trade? June 26, 2019
Recent trade tensions between the US and India won't impact ties between the two nations, and their partnership is "already beginning to reach new heights," Secretary of State Mike Pompeo said during a visit to New Delhi Wednesday, less than two weeks after India increased tariffs on some US exports.

Former Washington Agent Pleads Guilty to Writing Fake Auto Policies June 26, 2019
Lilibeth Brulotte, a former Washington insurance agent, pleaded guilty in Pierce County Superior Court to third-degree theft in connection with writing fake auto insurance policies. Brulotte’s sentence was deferred for two years and will be dismissed if she commits no …
Supreme Court Denies Injured Seaman’s Bid for Punitive Damages June 26, 2019
The Supreme Court has ruled that an injured merchant seaman can’t seek punitive damages based on the common-law maritime claim of unseaworthiness. The ruling settled a difference of opinion in the courts over whether punitive damages are available for unseaworthiness …
California Workers’ Comp Bureau Submits 2020 Regulatory Filing June 26, 2019
The Workers’ Compensation Insurance Rating Bureau of California on Wednesday submitted a Jan. 1, 2020, regulatory filing to the California Insurance Commissioner. The filing contains the following proposals: Amendments to the California Workers’ Compensation Uniform Statistical Reporting Plan—1995, including amendments …
Third Point Makes Equity Investment in California-based Noblr June 26, 2019
Third Point Reinsurance Ltd. has entered into a relationship with Noblr Inc. through a combination of a minority equity investment and reinsurance, the company announced. Terms of the deal weren’t disclosed. San Francisco, Calif.-based Noblr is a technology-driven company co-founded …
U.S. High Court to Rule on Scope of Copyright for Legal Codes in Georgia Suit June 26, 2019
The U.S. Supreme Court on Monday agreed to hear a bid by Georgia lawmakers to win federal copyright protection for an annotated version of the state’s legal code and to decide whether state and local governments can sue people who …
Jan Wolfe
Law Firm Sanctioned Over Documents in Baylor Assault Cases June 26, 2019
A federal judge in Texas has sanctioned a Philadelphia-based law firm for knowingly violating court orders and ignoring a subpoena to produce documents relevant to lawsuits filed by 15 women against Baylor University. U.S. District Judge Robert Pitman ruled that …
Michigan City to Pay $1.25M in Sewage-Flooded Basements Suit June 26, 2019
Most of a $1.25 million settlement will go to residents of a mid-Michigan city who sued after sewage flooded their basements six years ago. The Lansing State Journal reported that the Lansing City Council agreed to the settlement, which allows …
Accused of Setting Fire to Nebraska Bar She Was Buying, Woman Takes Plea Deal June 26, 2019
A woman accused of setting fire to a bar she was buying in central Nebraska has taken a plea deal. Custer County District Court records say 54-year-old Jane Chestnutt pleaded guilty last week to criminal mischief and attempted arson. Prosecutors …
New Federal Study Contradicts Owner’s Claims About Years-Long Gulf Oil Spill June 26, 2019
A new federally led study of oil seeping from a platform toppled off Louisiana’s coast 141/2 years ago found releases lower than other recent estimates, but contradicts the well owner’s assertions about the amount and source of oil. Oil and …
Janet McConnaughey
Former Ohio Insurance Agent and Investment Adviser Gets 5 Years for Fraud Scheme June 26, 2019
Former Dayton, Ohio-area insurance agent and investment adviser has been sentenced to five years in prison after being convicted of insurance fraud and conducting a “Ponzi” scheme targeting elderly consumers. The Ohio Department of Insurance reported that John Gregory Schmidt …
Louisiana Commissioner: Insurance Discounts Available for Active Military, Veterans June 26, 2019
Louisiana Insurance Commissioner Jim Donelon says insurance discounts and benefits are available in the state for active duty service members and veterans of the United States Armed Forces both during and after their tour of duty. The following benefits are …
Washington State Utility Caused Fatal Fire, Lawsuit Contends June 26, 2019
The family of a Washington man who died in a house fire has filed a lawsuit against a public utility. The Everett Herald reported that the family of 93-year-old Glen Allen filed the wrongful death lawsuit against the Snohomish County …
Jump in Western U.S. Wildfires Means Smoke’s Health Impact Will Spread June 26, 2019
Climate change in the Western U.S. means more intense and frequent wildfires churning out waves of smoke that scientists say will affect tens of millions of people and cause premature deaths to spike. That’s prompting people in cities and rural …
Bondholders Propose Bankruptcy Exit Plan Up to $30B for PG&E June 26, 2019
A committee of bondholders of PG&E Corp.’s utility unit on Tuesday proposed a bankruptcy reorganization plan that would inject up to $30 billion to help the California power provider emerge from Chapter 11 and pay off its liability from wildfires. …
Jonathan Stempel
AIR Expands Europe Inland Flood Model, Updates UK Storm Surge Analysis June 26, 2019
Catastrophe risk modeling firm AIR Worldwide announced it has released an expanded inland flood model for Central Europe to include the country of Poland in its model domain. AIR also announced that it has updated the storm surge component of …
Student Loans, Family Leave, Telemedicine, Standing Desks: Tailoring Benefits to Multigenerational Workforce June 26, 2019
While the United States’ stable job market and regulatory environment have kept employee benefits offerings steady, some benefits such as student loan repayment, paternity leave, telecommuting, standing desks and telemedicine are gaining notable upward traction. Companies are researching on their …
Purdue’s Sackler Family Must Face Opioid Suits in New York June 26, 2019
The billionaire owners of Purdue Pharma LP must face a New York lawsuit claiming they triggered the U.S. opioid epidemic, a judge ruled, handing an early victory to states and local governments seeking to recoup billions of dollars in social …
Chris Dolmetsch
Beazley Snares Cyber Underwriters from Chubb, Gallagher for U.S. Regions June 26, 2019
Specialty insurer Beazley has hired two cyber and technology underwriters in the U.S. to meet growing demand from middle market businesses for insurance cover for cyber, data security and privacy exposures. Jennifer Lushbough Beard joins Beazley from Chubb where she …
Judge Open to ‘Novel’ Idea of Local Government Class for Opioid Settlement Talks June 26, 2019
A judge backed a push by U.S. cities and counties suing opioid makers such as Purdue Pharma LP and Johnson & Johnson to negotiate a settlement as a group but put off until August a final decision on the request. …
Jef Feeley
New York City Uber Driver Gets Three Years for Kidnapping Sleeping Passenger June 26, 2019
A man who drove for Uber in New York City has been sentenced to three years in federal prison for abducting a woman who fell asleep inside his vehicle. A judge Monday also ordered Harbir Parmar to pay more than …

U.S. regulator cites new flaw on grounded Boeing 737 MAX June 27, 2019
The U.S. Federal Aviation Administration has identified a new risk that Boeing Co must address on its 737 MAX before the grounded jet can return to service, the agency said on Wednesday.
Trump says trade deal 'possible' with China's Xi, tariffs could be lower June 26, 2019
U.S. President Donald Trump said on Wednesday that a trade deal with Chinese President Xi Jinping was possible this weekend but he is prepared to impose U.S. tariffs on virtually all remaining Chinese imports if the two countries continue to disagree.
Huawei Technologies loses trade secrets case against U.S. chip designer June 26, 2019
A U.S. jury on Wednesday cleared California semiconductor designer CNEX Labs Inc of stealing trade secrets from Chinese electronics giant Huawei Technologies Co Ltd while awarding CNEX no damages on its own trade theft claims.
S&P 500 dips as healthcare declines counter tech gains June 26, 2019
The S&P 500 ended lower on Wednesday as gains in technology stocks were offset by a drop in healthcare shares, and investors parsed mixed messages over prospects for a deal to end a trade war between the United States and China.
United Airlines extends 737 MAX cancellations until Sept. 3 June 26, 2019
United Airlines said on Wednesday it has decided to remove the Boeing 737 MAX from its flying schedule until Sept. 3, leading to about 1,900 total flight cancellations in August.
Dollar gains on lower rate cut expectations, stocks flat June 26, 2019
The dollar edged higher and European shares fell on Wednesday as traders curbed expectations of an aggressive U.S. interest rate cut in July, while Wall Street traded little changed on mixed signals over China-U.S. trade talks at the G20 summit in Japan.
Tesla's senior production executive at Fremont facility quits: source June 26, 2019
Tesla Inc's vice president of production at its Fremont factory, Peter Hochholdinger, has left after three years with the electric-car maker, a source familiar with the matter told Reuters.
Oil prices rise more than 2% as U.S. crude, products stockpiles fall June 26, 2019
Oil prices rose more than 2% on Wednesday and hit their highest in about a month, buoyed by U.S. government data that showed a larger-than-expected drawdown in crude stocks as exports hit a record high, and surprise drops in refined product stockpiles.
Bayer seeks glyphosate litigation advice as Elliott reveals stake June 26, 2019
Chemicals giant Bayer, under pressure from activist shareholders, said on Wednesday it has hired an external lawyer to advise its supervisory board and has set up a committee to help resolve a multi-billion dollar glyphosate litigation issue.
Bitcoin soars past $13,000 as Facebook's Libra fuels demand June 26, 2019
Bitcoin jumped to an 18-month high on Wednesday, as investors looked for safety in alternative investments amid geopolitical tension, and cheered prospects that Facebook Inc's Libra token could push cryptocurrencies into the mainstream.
General Electric's machinists oppose tentative labor deal June 26, 2019
The machinists union said on Wednesday it opposes a tentative labor contract reached this week with General Electric Co, potentially impeding the Boston-based conglomerate's efforts to avoid labor unrest during a difficult period.
Resurgent health insurer stocks face test at Democratic debates June 26, 2019
Shares of U.S. health insurers that have rebounded in the past two months could come under pressure this week as Democrats square off in their first presidential debates, with healthcare policy reform potentially high on the agenda.
U.S. aims to restart China trade talks, will not accept conditions on tariff use June 26, 2019
The United States hopes to re-launch trade talks with China after President Donald Trump and President Xi Jinping meet in Japan on Saturday, but Washington will not accept any conditions around the U.S. use of tariffs in the dispute, a senior administration official said on Tuesday.
Autonomy founder Lynch denies wrongdoing in HP fraud case June 26, 2019
Mike Lynch, once hailed as Britain's answer to Bill Gates, denied all claims against him on Wednesday when he kicked off what is expected to be a month-long testimony in his multibillion-dollar fraud battle with Hewlett-Packard (HP).
Boeing looms large over struggling U.S. manufacturing sector June 26, 2019
New orders for long-lasting U.S.-made goods fell for a second straight month in May as troubles at Boeing weighed on demand for aircraft, suggesting manufacturing could remain weak even as business spending on equipment appears to stabilize.
EU hits Broadcom with interim demands in antitrust probe June 26, 2019
EU antitrust regulators want U.S. chipmaker Broadcom to scrap its exclusivity clauses with TV and modem makers to avoid irreparable harm to the market while they investigate whether this tactic and others are designed to block rivals.
Volkswagen's Traton sets price range for IPO at 27-28 euros a share June 26, 2019
Volkswagen's truck unit Traton narrowed the price range for its initial public offering (IPO) to between 27 euros ($30.74) and 28 euros a share, the lower end of its earlier 27 euros to 33 euros price range, a bookrunner said on Wednesday.
Fate of opioid litigation hinges on government 'police power' June 26, 2019
The fate of thousands of lawsuits seeking to hold drugmakers responsible for fueling the U.S. opioid epidemic hinges in part on a thorny legal question: Can a company use a bankruptcy to stop lawsuits from cities and states?
General Mills sales hit by low demand for Nature Valley, Fiber One bars June 26, 2019
General Mills Inc's quarterly sales fell short of Wall Street estimates on Wednesday, hurt by lower demand for its Nature Valley and Fiber One snack bars, sending its shares down as much as 10%.
Global chipmakers rally on Micron's upbeat results, Huawei shipments June 26, 2019
Shares of chipmakers rose on Wednesday after Micron Technology Inc forecast a recovery in chip demand in the second half of the year, easing concerns that rising trade tensions would exacerbate a slump in the sector.