A state appeals panel ruled that insurers cannot rescind health policies unless they can show policyholders willfully lied on their insurance applications or prove that companies investigated applications before issuing coverage. A unanimous decision by a panel of the 4th …
Some 5,500 pounds of basil grown in Mexico and sold in the United States has been recalled because of fears it may be infected with salmonella, a spokesman for the importer said. The basil was imported from a farm in …
Eight lawsuits alleging medical malpractice by a former West Virginia doctor can continue toward trial while he settles his debts in bankruptcy court, a judge has ordered. Dr. John A. King consented to the rulings issued Wednesday by U.S. Bankruptcy …
California’s State Compensation Insurance Fund has appointed Chris Reyes regional assistant real estate manager for Central Valley operations, and Yvette Montano-Anda claims manager for Los Angeles Claims Services. Reyes joined the organization’s San Francisco District Office in 1991 when he …
Fitch Ratings has placed the following ratings of Ambac Financial Group, Inc. and Ambac Assurance Corp. (Ambac) on Rating Watch Negative: Ambac Financial Group, Inc.- Long-term rating ‘AA’; – $400 million 5.95 percent senior unsecured notes due Dec. 5, 2035 …
Standard & Poor’s Ratings Services has assigned its ‘BB+’ debt ratings to the €200 million ($292 million) Class A Series 1 Principal At-Risk variable-rate notes due Jan. 10, 2011 issued by Green Valley Ltd. The transaction closed on Dec. 27, …
With only five days left before the Terrorism Risk Insurance Act was set to expire on Dec. 31, 2007, President George Bush signed into law legislation that reauthorizes the federal backstop for seven years. Some key provisions of HR 2761 …
A top official charged with recruiting insurance companies to Louisiana and helping turn around the troubled state insurer of last resort is leaving his post with the insurance department. Bill Newton, a retired insurance executive, became the chief deputy insurance …
Gov. Matt Blunt is seeking a federal disaster declaration for public aid to 42 counties as a result of winter storms that hit Missouri this month. Blunt said that preliminary inspections found more than $28 million in damage to public …
An Oklahoma jury awarded country music star Toby Keith, his mother and his siblings $2.8 million in damages from the 2001 collision that killed Keith’s father. A jury returned the verdict against Elias Rodriguez and Pedro Rodriguez, operators of Rodriguez …
