Wed, 23 Apr 2014 08:11:11 +0000
Massachusetts Division of Insurance’s last data call showed that the vast majority of insurance claims stemming from the Boston marathon bombing tragedy have been resolved. The data also revealed that among the 160 commercial property and business inte...
Wed, 23 Apr 2014 07:50:20 +0000
Vermont’s updated captive insurance law now offers inactive captives in the state a chance to apply for a “dormant” status. Vermont regulators said this latest modification reflects the state’s ongoing effort to introduce new prudent legislation for th...
Wed, 23 Apr 2014 07:43:51 +0000
New Jersey authorities say six Passaic County, N.J., residents played roles in a staged-automobile accident scheme that defrauded two insurance companies out of more than $78,000. Acting state Attorney General John Hoffman announced the charges Monday....
Wed, 23 Apr 2014 07:42:06 +0000
When suburban New York delicatessen owner P.J. Whelan heard the findings of a Federal Reserve Bank of New York poll released Monday on Superstorm Sandy’s effect on small businesses, he began nodding in agreement. “They got those numbers right,” the …Th...
Wed, 23 Apr 2014 07:40:08 +0000
A newly published study from Rutgers University in New Jersey shows that most state residents strongly support government programs aimed at lowering the likelihood of severe damage from future hurricanes. The study also found, however, that only a smal...
Tue, 22 Apr 2014 23:44:15 +0000
Some people don’t need Earth Day to be reminded they live on a planet powered by the forces of nature. The recent string earthquakes on the Pacific belt may have hit home with California homeowners, who were already a bit …The article Recent Quakes P...
Tue, 22 Apr 2014 16:51:31 +0000
The parents of a Santa Barbara woman who was fatally struck by a congresswoman’s aide filed a federal lawsuit against the driver, U.S. Rep. Lois Capps and the U.S. government. The wrongful death suit filed by Matt and Raeona Dies’ …The article Federal ...
Tue, 22 Apr 2014 16:49:10 +0000
Corona, Calif.-based Monster Beverage Corp. has agreed to settlement an ongoing securities class action lawsuit against the company and two of its officers in federal district court in Los Angeles. The settlement, reportedly worth $16.25 million, is...
Tue, 22 Apr 2014 16:38:33 +0000
Pacific Gas and Electric Co. has pleaded not guilty to federal charges stemming from a natural gas pipeline explosion in California that killed eight people and injured 58 others in 2010, according to court filings. The utility was indicted by …The art...
Tue, 22 Apr 2014 16:29:49 +0000
A New Llano, La., couple filed suit against the town in federal court, claiming the town’s ban on pit bulls and pit-bull-like breeds violates dog owners’ equal protection, property and due process rights. The American Press reports Christine and Victor...
Tue, 22 Apr 2014 16:27:44 +0000
Payments per claim for the medical care of injured workers in Louisiana were higher and growing faster than in most states, according to a 16-state study by the Workers Compensation Research Institute (WCRI). The WCRI study, CompScope Medical Benchmark...
Tue, 22 Apr 2014 16:20:47 +0000
Iowa regulators are investigating an insurance agency accused of overbilling thousands of government employees for health care coverage. The Iowa Insurance Division is focused on Two Rivers Insurance Co. The agency had been acting as an independent age...
Tue, 22 Apr 2014 16:15:37 +0000
Indiana body shops and auto insurers are on a collision course over repair compensation practices, a dispute that could cost millions of dollars to patch up. In a federal lawsuit, 14 Indiana shops accuse State Farm Insurance and competitors of …The art...
Tue, 22 Apr 2014 16:11:15 +0000
Federal authorities have expanded the scope of their investigation into two brothers from North Dakota accused of intentionally destroying potatoes to collect crop insurance payments. The original indictment alleged that Aaron Johnson, 50, and Derek Jo...
Tue, 22 Apr 2014 16:04:41 +0000
Portage Mich.-based managing general agency and surplus lines insurance broker, J.M. Wilson, has promoted Stephanie Farrell to surety underwriter. Farrell will be responsible for underwriting commercial and fidelity bonds for new and renewal business. ...
Tue, 22 Apr 2014 16:00:16 +0000
All-Star Insurance Group Inc. has acquired Hogue Insurance Agency in Quitman, Texas. Hogue Insurance Agency is now known as All-Star Insurance Group and has moved all operations to an office inside Wood County National Bank in Quitman. Tonda Tiffee War...
Tue, 22 Apr 2014 15:14:44 +0000
Demand for terrorism insurance remains strong and the existence of the federal terrorism risk insurance program plays a key role in making coverage available and affordable, according to a report released by insurance broker Marsh. According to Marshâ€...
Tue, 22 Apr 2014 14:48:38 +0000
Insurance broker Lockton announced that Shannon Groeber has joined its Philadelphia operation as senior vice president, Global Technology & Privacy Practice. Groeber’s addition expands the practice to the East coast. She will provide customized insur...
Tue, 22 Apr 2014 14:38:37 +0000
Lawsuits against Freedom Industries Inc., whose leaky chemical tank polluted drinking water in West Virginia, were transferred from bankruptcy court to federal district court in Charleston last week to “assure efficient case administration.” On Jan...
Tue, 22 Apr 2014 13:21:49 +0000
Maryland Attorney General Douglas F. Gansler  has sued BP plc. for allegedly making false and misleading statements regarding its commitment to safety reforms and oil spill prevention and response capabilities. Ganlser claims the Maryland State Retire...
Tue, 22 Apr 2014 12:56:48 +0000
General Motors Co. filed a motion in a U.S. bankruptcy court to enforce a bar on lawsuits related to ignition defects in cars sold before its 2009 bankruptcy as it fights a class action lawsuit that seeks to set aside …The article GM Asks Court to Enfo...
Tue, 22 Apr 2014 12:46:44 +0000
West Virginia regulators are asking stakeholders for input as they begin developing rules to implement a new chemical storage tank safety law. The Water Resources Protection Act regulates above-ground storage tanks like the one that leaked at Freedom I...
Tue, 22 Apr 2014 12:43:53 +0000
A judge has dismissed a Massachusetts couple’s lawsuit against the operators of a New Hampshire ski area, saying the companies can’t be held liable for a crash between a ski instructor and a teenage boy. Susan and Michael Hanus sued …The article Judge ...
Tue, 22 Apr 2014 12:40:28 +0000
The U.S. Supreme Court rejected Exxon Mobil Corp.’s appeal of a $105 million jury verdict it was ordered to pay for contaminating underground water in New York City with a gasoline additive. The Irving, Texas-based oil and gas company argued …The art...
Tue, 22 Apr 2014 12:33:23 +0000
Some Rhode Island residents are seeking federal grant money to help pay for elevating their homes to reduce the risk of flooding —  and avoid spikes in flood insurance rates. Seven homeowners in Barrington who want to elevate their homes …The articl...
Tue, 22 Apr 2014 12:30:24 +0000
Question: What’s an automotive monopolist’s worst nightmare? Answer: Uber picks you up in a Tesla. Two big Silicon Valley companies are busy disrupting state-sponsored transportation monopolies. Uber is competing with locally regulated taxi companies, ...
Tue, 22 Apr 2014 10:48:59 +0000
CNA Financial Corporation announced the appointment of Timon Mueller as Vice President of International. He “will lead an underwriting team to strengthen our Home Foreign business and expand our international capabilities,” said the announcement. J...
Tue, 22 Apr 2014 10:46:04 +0000
Bermuda-based Endurance Specialty Holdings has announced that Richard Housley has joined the company this week as Executive Vice President and Global Practice Leader for Property Insurance. He has extensive experience in property insurance markets wher...
Tue, 22 Apr 2014 10:41:46 +0000
Jacques de Larosiere says he is an isolated and modest man. Yet the 84-year-old former head of the International Monetary Fund is one of the most influential voices in European and global finance. An eminence grise as respected among France’s …The arti...
Tue, 22 Apr 2014 10:30:27 +0000
An El Nino will probably start as soon as July, according to the Australian government forecaster, adding to predictions for the event that can affect weather patterns worldwide and roil farm-commodity prices. All the climate models surveyed indicated ...