National News

ACE Names 2 to High Net Worth Personal Lines Group

ACE Group announced executive appointments in its high net worth personal lines insurance business, ACE Private Risk Services, naming Clyde Douglas as senior vice president, Claims, and Eileen Castolene as vice president of Operations. Based in Salem, Virginia, Douglas will …

Insurers Use Anti-Fraud Technology to Bolster ROI: Survey

Insurer use of anti-fraud technology is rising, more insurers see a positive ROI and they increasingly rely on technology to counter emerging threats such as underwriting scams, money-laundering and cyberfraud. Yet advanced tools such as predictive analysis and geo-mapping are …

Home Depot Says 56M Payment Cards Affected by Malware

The Home Depot says it has eliminated malware from its U.S. and Canadian networks that affected 56 million unique payment cards between April and September. The Atlanta-based home improvement retailer said Thursday it has also completed a “major” payment security …

Civil Engineers Push for National Approach to Flood Mitigation

An organization of civil engineers is calling for a national strategy for mitigating flood risks, saying the U.S. has not fully heeded lessons from Hurricane Katrina and Superstorm Sandy. The American Society of Civil Engineers was scheduled to release its …

Cunningham Lindsey Announces Global Restructuring Plan

Risk services provider Cunningham Lindsey announced a global restructure to enhance its U.S. business. Under the new global structure current Regional CEO of the America’s, Harry Patel, will take over the day to day operations of the U.S. loss adjusting …

Storage Tanks Present Environmental Risks for Owners and Operators

An advisory describing the current and emerging challenges faced by underground storage tank business owners and operators was released by ACE Group last week. The new report examines specific changes in state and federal regulations, increased financial responsibility requirements and …

Major Changes Coming to FDA Revised Food Safety Rules

The Food and Drug Administration on Friday revised sweeping food safety rules proposed last year after farmers complained that the regulations could hurt business. The new proposals would relax water quality standards and allow farmers to harvest crops sooner after …

Is Risk Coming at You Head On?

Some activities are just riskier than others. And while some risks strike at random, such as earthquakes and lightning and tornadoes, others result from engaging in certain activities, such as sky diving or piloting your own aircraft. The insurance industry …

Power Industry Presents Evolving Risks

The power industry requires a lot of underwriting expertise due to its unique risks and complex supply chain. According to Aon Risk Solutions’ CEO, the power industry is rapidly developing. “Power is one of the fastest growing segments in the …

New Legislation Introduced for Black Lung Victims

Sens. Jay Rockefeller and Bob Casey unveiled legislation Thursday aimed at ensuring fairer treatment for coal miners with black lung disease as they pursue benefits claims. The bill by the two coal-state senators comes after an investigation by the Center …

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