A federal judge has chosen a Utah crash that killed two people as the first bellwether trial in nationwide litigation over whether Toyota Motor Corp. made defective vehicles that sped up unexpectedly. U.S. District Judge James Selna chose the case …
A steak lunch at Smith & Wollensky in Manhattan starts at $36.50. The same lunch, eaten in the company of legendary investor Warren Buffett, costs approximately $2.63 million. That was the final result of the annual online charity auction for …
A federal judge said Toyota owners outside California who seek to recover losses in their vehicles’ value resulting from unintended acceleration cannot pursue their claims under that state’s laws. Wednesday’s ruling by U.S. District Judge James Selna is a setback …
NAS Insurance Services has launched its Data Security Risk Management Web site. The site offers up-to-date state and federal laws, compliance materials, training tools, and procedures to reduce insured’s exposure to data breaches and third party lawsuits. Policyholders who purchase …
The Employee Benefits Group division of the U.S. business group of Sun Life Financial, Inc. has launched a malpractice insurance reimbursement rider. The optional rider offers physician group long-term disability customers reimbursement of their malpractice insurance premium payments while they …
Don’t miss your chance to participate in the 2011 Top 100 Property/Casualty Independent Insurance Agencies report. The extended deadline is now Friday, June 17! Insurance Journal’s Top 100 identifies the nation’s leading privately-held property casualty independent agencies and brokerages in …
Internet video phone company Skype Inc. was sued in U.S. federal court Thursday for infringing the patents of a Luxembourg company, which has filed similar lawsuits against Skype in Europe. The lawsuit in the District of Delaware comes a month …
Three federal appeals judges expressed unease with a requirement that virtually all Americans carry health insurance or face penalties, as they repeatedly raised questions about President Barack Obama’s health care overhaul. At a Wednesday hearing, the three judges on the …
Travelers Companies Inc. is slowing down its share buybacks and will post a second-quarter operating loss because of more than $1 billion in catastrophe losses, the property insurer said Friday. The company also warned of worst-case scenario industry losses on …
A.M. Best Co. has revised the outlook to stable from negative and affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Texas-based Universal North America Insurance Company (UNAIC). Best also affirmed the …
