June 7, 2012
A judge has rejected a request for a preliminary injunction in the case of a bankrupt Southern California insurance agency following a long, accusation-fueled legal battle between the former and current owners of the firm. United States Bankruptcy Court Judge …
June 7, 2012
New York’s top court says a college pitcher hit in the face with a line drive at indoor practice accepted the sport’s risk and has rejected his damages claim against Clarkson University and the coach. The Court of Appeals says …
June 7, 2012
The MEMIC Group, a workers’ compensation insurer headquartered in Portland, Maine, has appointed two senior underwriters: Mark Darragh for New Jersey and surrounding areas operations and Katrinka Casamassa for Pennsylvania operations.Darragh will be responsible for new business development for the …
June 7, 2012
A judge ruled on Monday that Federal Insurance Co., part of Chubb Group of Insurance Companies, must continue to cover Jerry Sandusky’s defense costs, at least for now. Sandusky is the former Penn State assistant football coach who is accused …
June 7, 2012
Prosecutors in Fulton County, Georgia, say a woman has admitted to collecting more than $151,000 on a fraudulent insurance policy she took out in her dead son’s name. Donna Ellis Gibbs was sentenced to 20 years’ probation in the case …
June 7, 2012
Menlo Park, Calif.-based McGraw Group of Affiliated Cos., which includes Pacific Specialty Insurance Company (PSIC), named Brian Cohen chief executive officer. Cohen’s appointment is effective immediately. Cohen joins McGraw from Strategic Growth Advisors where he was president and CEO, serving …
June 7, 2012
Insurers’ reserves were redundant at year-end 2011 by $11.7 billion – or 2 percent of total booked reserves – compared with $22.0 billion at the year-end of 2010, after the industry released $12.7 billion of reserves during 2011, according to …
June 7, 2012
Atlas Financial Holdings, Inc.has started selling its core commercial automobile insurance products in Utah, becoming the 31st state where Atlas is actively underwriting. Atlas’ insurance subsidiaries, American Country Insurance Co. and American Service Insurance Co., Inc., distribute their specialty insurance …
June 7, 2012
Pacific Gas & Electric is checking for leaks in 180 segments of its natural gas pipeline system which may be vulnerable to corrosion, including part of a line where an explosion killed eight people in 2010. The utility announced Tuesday …
June 7, 2012
A disabled man has filed a lawsuit against Fullerton police, saying he was abused by the same officer charged in the beating death of a homeless man. The Orange County Register reported Tuesday that Mark Edwin Walker says he was …