Wholesale Brokerage Professional Risk Solutions (PRS) has launched a new venture that extends its offerings to general and product liability coverages, as well as insurance options for the life sciences industry. Through its specialist team headed by Henry Gottesman in …
A federal appeals court ruled in favor of American International Group Inc by concluding that the insurer’s $10 billion lawsuit against Bank of America Corp over mortgage losses belongs in state court, not federal court. The 2nd U.S. Circuit Court …
A federal judge has thrown out Viacom Inc.’s lawsuit accusing Google Inc. of posting its programs on YouTube without permission, a year after a federal appeals court had revived the landmark copyright infringement case. For the second time in three …
A lawsuit filed by William Faulkner’s heirs over a quote in the Woody Allen film “Midnight in Paris” has been scheduled for trial April 7, 2014, in U.S. District Court in Oxford, Mississippi. The Faulkner estate sued Sony Pictures Classics …
The House of Representatives passed legislation on Thursday designed to help companies and the government share information on cyber threats, though concerns linger about the amount of protection the bill offers for private information. This is the second go-around for …
A federal judge has revived a securities fraud lawsuit accusing Bank of America Corp. Chief Executive Brian Moynihan, his predecessor Kenneth Lewis, and others of misleading shareholders about the risk the bank might have to buy back large amounts of …
K&K Insurance Group, Inc. has enhanced its franchised powersports dealer program to now include coverage for personal transportation machines manufactured by Segway. Package and excess lines of coverage are offered to dealerships who sell approved brands of motorcycle and powersport …
A Democratic senator who helped craft President Barack Obama’s signature healthcare law gave the administration “a failing grade” on Wednesday for its efforts to educate the public and small employers about sweeping changes due to take effect in eight months. …
Damage caused by wind and hail cost State Farm and its policyholders more than $3.9 billion in 2012. According to State Farm, the states with the most wind/hail losses include: Texas—47,000 claims Illinois—41,000 claims New York—34,000 claims Ohio—31,000 claims Missouri—25,000 …
Victims of the Boston Marathon bombings will eventually win some kind of compensation, but it is far too early to know how much money there will be, whether private donors or insurers will provide most of it, and how long …
