More than a dozen eastern Montana landowners have filed a lawsuit against Exxon Mobil Corp. claiming the company ignored warnings before a pipeline break that spilled an estimated 1,500 barrels of crude oil into the Yellowstone River. The lawsuit from …
At the request of a youth group, a Republican Utah lawmaker plans to address concerns about climate change in a bill dealing with wildfires. State Rep. Kraig Powell of Heber City has requested the drafting of legislation that would examine …
The country’s largest provider of private federal court house security officers recently paid a $1.9 million fine to the federal government to settle allegations that some of its guards fudged results of gun-range tests. Akal Security, a New Mexico company, …
Forty-five percent of insurers estimated that insurance fraud costs represent 5-10 percent of their claims volume, while 32 percent said the ratio is as high as 20 percent. This is according to a survey of U.S. insurers showing the high …
The U.S. Supreme Court on Tuesday refused to consider a challenge to a 2008 federal law granting immunity to AT&T Inc and other telecommunications companies for helping the government eavesdrop on customers’ private phone conversations. Section 802 of the Foreign …
Despite catastrophic events in 2011, low investment yields and competitive pressures, surplus lines specialists — especially market leaders — generated healthy operating profits and returns on both revenue and surplus. And once again, the surplus lines sector outpaced the results …
State Auto Financial Corporation (STFC) estimates the impact of catastrophe losses in the third quarter of 2012 at between $6.5 million and $7.5 million in pre-tax net. It noted that during the quarter six catastrophe events in the United States …
Countries representing 70 percent of the global economy are set to negotiate lower barriers to trade in services after agreeing the structure of a deal, Australian Trade Minister Craig Emerson said in an interview. The push for a deal on …
“The Chinese insurance market is in a state of transition: after a period of rapid expansion, the market must now adjust for sustainable and healthy growth,” concludes a special report from A.M. Best. “Since enhancing risk management and market discipline …
With a $4.9 billion takeover of Brazil’s biggest healthcare provider, UnitedHealth Group appears to have snatched the crown jewel in a market with plenty of promise but formidable barriers to entry for any foreign rivals looking to follow suit. UnitedHealth’s …
