A Montana jury has ordered Hyundai to pay $240 million in punitive damages after finding that a manufacturing defect in a Hyundai vehicle caused a crash that killed two Missoula cousins in July 2011. Lake County jurors late Tuesday awarded …
Capital Insurance Group named Bruce Ostrem the regional field executive for Southern California. CIG recently created the new Southern California region, consisting of Ventura, Anaheim and San Diego territoriesfield. CIG recruited Ostrem for the new executive position. Ostrem has 35 …
A plastic surgeon who has appeared on television to talk about the procedures she offers has settled with the family of a New York woman who died following a liposuction procedure. Legal documents filed last week say Dr. Sharon Giese …
Tower Group International has fired PricewaterhouseCoopers as its accounting firm, six months after announcing it would restate previously filed financial statements for 2011 and 2012 due to “inadvertent mistakes.” The move comes in the wake of Tower’s disclosure late last …
People living on Porter Avenue in Middlebury, Conn., face a threat that could put their homes underwater — but it’s not coming from nearby Long Swamp Brook. The rising cost of flood insurance is putting a financial strain on local …
As Firefighters gained ground overnight on a string of major wildfires in the San Diego area, nine fires in all were burning in more than 14 square miles, according to San Diego County officials. One fire in the city of …
The Maryland Insurance Administration (MIA) has promoted Nancy Egan to director of government relations.In her new role, Egan will be responsible for evaluating issues related to the regulation of insurance and the development of insurance markets. She will represent the …
Technology is changing the way insurers and consumers interact and giving insurers access to considerable data so they can better understand their customers, says Swiss Re in its latest sigma study. The study concludes that technology will not replace all …
Responding to pleas from highway troopers and the state’s sheriffs, Florida Gov. Rick Scott said Tuesday he will veto a bill that could increase the speed limit on Florida highways from 70 to 75 mph. Scott said that he has …
Scientists at Coastal Carolina University expect no hurricane to make landfall on the East Coast or in the Gulf of Mexico this year. The forecast Tuesday anticipates a “below to near normal” hurricane season in 2014. Hurricane season begins June …
