The business partners of former Baltimore Ravens player Michael McCrary have been ordered to pay him $33.6 million for secretly keeping millions of dollars in insurance proceeds from a New Orleans condominium project. Visiting Judge Paul Alpert made the award …
A 65-year-old couple needs $85,000 on average to cover insurance costs for long-term care such as nursing home stays in retirement, according to a study by Fidelity Investments. The finding underscores the need to financially prepare for the possibility of …
New York will hire more minority- and women-owned debt underwriters, lawyers and risk managers and ease regulatory barriers that are “openly discriminating” against foreign reinsurers, Democratic Gov. David Paterson told reporters Thursday. Paterson, the state’s first black governor, who is …
A bulletin from Hiscox in London notes that “modern, contemporary and 19th century European art continues to see double digit growth despite global uncertainty. The value of modern and contemporary art has continued to see significant rises and has not …
Catastrophe bonds, which allow investors to make bets on disaster, have thrived in recent years, but a number of factors are seen cooling this obscure part of the debt market in 2008. The growth of catastrophe, or “cat,” bonds has …
Former British prime minister Tony Blair urged the Group of Eight rich nations on Friday, June 27, to agree to a global goal of halving greenhouse gas emissions by 2050, despite signs top carbon emitter the United States would not …
Firefighters scrambled Wednesday, June 25, 2008, to tame a lightning-sparked wildfire in the Los Padres National Forest that already burned 16 homes and is moving closer to the scenic community of Big Sur, where it threatens another 500 residences. The …
A fire burning in thick trees in New Mexico’s Manzano Mountains that already forced the evacuation of a summer church camp led officials to urge people to leave Tajique and the surrounding area. Extremely erratic behavior by the Big Spring …
Following a federal criminal investigation into The Doctors Co., the California Department of Insurance has issued the following statement, explaining its consent to the acquisition of SCPIE Holdings Inc. by The Doctors Co. According to tthe Department’s General Counsel, Adam …
While Washington drivers agree that the steady rise in cell phone usage while behind the wheel calls for changes to state law, most think the impending July 1, 2008, change making it illegal to use a cell phone without a …
