News

Prudential Picks Merrill for Advisor on ING Asia Bid

Prudential Financial Inc , the No.2 U.S. life insurer, has hired Bank of America Merrill Lynch to advise on its possible bid for ING Groep NV’s Asian insurance operations, South Korean media reported, in what is potentially Asia’s second-biggest insurance …

Florida Lawmakers Weigh Texting While Driving Ban

Joyce Concklin has 10 good reasons why every state should pass a ban on texting while driving: That’s the number of bones she broke when a texting driver ran into her. That driver died, his mobile phone still clutched in …

China Author Sues for Defamation Over Ghostwriting Claims

Celebrity author Han Han has filed a defamation lawsuit in Shanghai against a writer who alleges some of Han’s prolific works were penned by others. Han, a novelist and semiprofessional race-car driver popular among young Chinese, and muckraking science writer …

Building Toppled by New Zealand Quake Was Substandard

A six-story building that collapsed and killed 115 people in last year’s New Zealand earthquake was made of weak columns and concrete and did not meet standards when it was built, the government said Thursday. The building’s designer contested the …

Earthquake Shakes Switzerland; No Damage Reported

The Swiss Seismological Service said a moderate earthquake shook Switzerland with the epicenter in the northcentral canton Zug and Lake Zurich area. The Zurich-based service said Sunday that the magnitude-4.2 quake could be felt around much of Switzerland Saturday night, …

North Carolina Insurers Still Hoping for Medical Loss Ratio Waiver

The U.S. Department of Health and Human Services is going overtime as it decides whether to stick with federal standards that could mean $12 million in rebates for more than 58,000 North Carolina residents who buy their own health insurance. …

Missouri House Approves Workplace Discrimination Bill

Despite several lawmakers voicing fears about reversing decades of hard-fought civil rights gains, the Missouri House approved a measure that would change the rules for workplace discrimination cases heard in state court. The bill would require workers who bring wrongful …

Kansas Officials Establishing Disaster Relief Fund

Kansas legislators are modifying a proposal from Republican Gov. Sam Brownback’s administration to establish a fund to cover the state’s share of federally declared disasters. Brownback wants to use $12 million from taxes collected each year on insurance premiums to …

Ex-Legislator Hired as No. 2 at Louisiana Insurance Department

A former state lawmaker has landed a $150,000 a year job as the No. 2 official at the state Department of Insurance. Commissioner of Insurance Jim Donelon tells The Advocate that former state Rep. Noble Ellington — a veteran legislator …

Louisiana Citizens Offers to Settle Katrina-Rita Suit for $80M

Louisiana’s property insurer of last resort has offered to settle a dispute over slow handling of hurricane claims from 2005 for up to $80 million, with no more than $25 million of that for attorneys’ fees — an offer that …

News Archives by Month