A settlement filed with a federal bankruptcy judge would create a fund of more than $100 million to compensate victims of a nationwide meningitis outbreak linked to a Massachusetts pharmacy, lawyers said on May 6. The outbreak, blamed on a …
The Massachusetts Division of Insurance (DOI) announced on May 1 it reached an agreement with auto insurance giant GEICO to resolve inconsistencies in its reporting of auto accident information to Massachusetts state agencies and policyholders. Under the agreement, GEICO will …
Los Angeles, Calif.-based Topa Insurance Group named John Donahue president and chief executive officer. Donahue will provide leadership to all business endeavors of the organization. Donahue has 20 years of experience. Before Topa he concurrently served as president of Keenan …
The Illinois Senate this week passed legislation requiring app-based ridesharing companies’ primary insurance be in affect the entire time the app is turned on. House Bill 4075 passed 46 to 8 and establishes regulations for transportation network companies that are …
Federal prosecutors say an insurance broker has admitted stealing nearly $1 million while selling health care coverage he knew was fake. Seventy-year-old David Clark of Morristown, N.J., pleaded guilty Wednesday to conspiracy to commit wire fraud. He faces up to …
Bob Falk is frugal and a realist. The research engineer at Forest Products Laboratory in Madison, Wis. could have used expensive lumber, pricey nails and high-grade plywood in his tests to create an almost impenetrable tornado shelter made of wood. …
Spot electricity in Southern California surged as Sempra Energy’s San Diego Gas & Electric Co. utility worked to restore service following a fire that disrupted high-voltage transmissions. On-peak, spot electricity at Southern California’s SP15 hub more than doubled to $152.73 …
The Red Cross of Oklahoma is scheduled to announce millions of dollars in storm shelter grants to several communities affected by the 2013 tornadoes. The agency plans to announce the grants Thursday to help Oklahoma homeowners affected by last May’s …
A Pennsylvania appeals court has affirmed this month that a homeowners’ insurer has no duty to defend or indemnify in an underlying case where the policyholder’s teenage son caused an injury to a friend during horseplay. The dispute involves American …
The operator of a south Arkansas chemical plant that exploded in 2012 has filed a federal lawsuit in Oklahoma against a French company that supplied industrial gas for the facility, arguing that the supplier is responsible for more than $100 …
