A federal jury in a civil case concluded last Friday that a former Brightpoint executive violated U.S. securities laws by helping a colleague create a finite reinsurance scheme to conceal millions of dollars in losses by the Indiana cell phone …
South Carolina Gov. Mark Sanford repeated calls last week for state and local officials, not the federal government, to retain control during hurricane response efforts. The Republican governor said the lack of preparation for Hurricane Katrina in New Orleans in …
The board of Citizens Property Insurance approved a nearly $2 billion financing plan last week that will give the state-backed company nearly $9 billion to pay hurricane damage claims this summer. Citizens, which has grown to be the largest residential …
Californians who strive to save the planet through use of alternative resources may not only save money on energy, but can save on insurance, according to the Insurance Information Network of California. Nearly 4,700 Californians use solar energy in their …
Pasadena, Calif.-based The Rule Group, is celebrating its 100th anniversary. In 1907, O. Rey Rule anticipated the impending need for casualty insurance and began offering protection to car buyers who spent as much as $850 for the 4-cylinder, 20 horsepower …
A building boom of homes on the fringes of wilderness has created a new kind of hero: the wildland firefighter who often saves the day — and the homes. But success has created high public expectations that can have deadly …
The former owner of an embattled towing company in Mesa, Ariz., is suing an insurance company for defamation and $10 million in damages. Lee Watkins is refuting a claim that Cactus Towing was one of several Phoenix-area tow companies that …
A Helena, Mont., woman who used a check scheme to steal nearly $158,000 from her employer has been sentenced to four years in prison. A federal judge imposed the sentence on 43-year-old Margaret Blixt, and ordered $157,710 in restitution plus …
The nation’s chief mine safety agency has gone to court to try to compel a Kentucky coal company to pay fines, the fifth such lawsuit in a little more than a year, federal officials announced. The federal Mine Safety and …
The leaders of a special Rhode Island House commission studying the effects of natural disasters on property insurance costs plan to introduce legislation next week on insurance practices connected to hurricane risk. Commission Chairman Paul W. Crowley (D-Dist. 75, Newport) …
