British over-50s insurer Saga is planning to announce its intention to float next week in a London stock market debut that could value the company at £3 billion ($5.1 billion), two sources familiar with the matter said on Wednesday. The …
Divers retrieved more bodies from a South Korean ferry that sank last week, as investigators turned their attention to whether the vessel had been carrying more cargo than it was designed to hold. The official death toll reached 159 today, …
A federal judge on Wednesday dismissed a lawsuit against the Federal Reserve Bank of New York by a former bank examiner who claimed the Fed fired her after she refused to change certain findings about Goldman Sachs Group Inc. U.S. …
The MEMIC Group has appointed three underwriters for its territories in Virginia, Maryland and Florida. Timothy Cook, Michael Diamond and Scott Meinke joined the group’s underwriting team as senior production underwriters. Cook brings 30 years of experience in the insurance …
ACA Grandfathering Disclaimer. According to the Wall Street Journal (Nov. 6, 2013), the first E&O suits have been filed against an insurance company for allegedly misleading a consumer into changing their health insurance deductible and thereby obviating the grandfathering clause …
Duke Energy Corp. said the total tab for cleaning up its North Carolina coal-ash dumps may reach $10 billion amid a call for national rules to regulate the disposal of the fossil-fuel byproduct. Duke plans to spend $2 billion to …
Ohio Lieutenant Governor and Department of Insurance Director Mary Taylor announced that Cleveland resident John Deskins was sentenced to two years of probation in Cuyahoga County Common Pleas Court for theft in an insurance fraud case. Evidence gathered by the …
The high-stakes penalty phase of BP’s trial over its role in the 2010 U.S. Gulf of Mexico oil spill will start next January, court officials said on Tuesday, and billions of dollars could be on the line. Fines under the …
Looking for Exceptional Individuals or Organizations in Insurance Marketing and Communications Minneapolis, MN – April 24, 2014 – The Insurance Marketing & Communications Associations (IMCA) is seeking nominations for the 2014 Innovation Torchbearer Award, recognizing individuals or organizations that have …
A new report says commuting statistics indicate that coastal parishes are losing residents because of coastal erosion. And it says those left behind tend to be those who cannot afford to move. The Data Center, based in New Orleans, said …
