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Georgia Fire Damages 23 Cars

Investigators in Georgia said 23 cars were damaged as high winds fueled a fire that spread to a car lot north of Atlanta. WSB-TV reported that firefighters discovered the flames at US Auto Sales in Forsyth County Sunday afternoon. Fire …

XL Group Launches Product for Construction Equipment

The marine insurance unit of XL Group has unveiled Contractor’s Equipment Coverage Solutions, a package designed to protect the equipment of general building, infrastructure and specialty contractors. “Whether it’s a backhoe or computer, contractors rely on diverse equipment to support …

41 Senators Urge Action on Flood Insurance Reform

Forty-one U.S. senators from both parties have signed a letter urging the Senate to schedule a vote on legislation to reform and extend the federal flood insurance program “as expeditiously as possible in February or very soon thereafter.” U.S. Sen. …

Norman-Spencer Takes AquaPac Program Nationwide

The Norman-Spencer Agency will make its AquaPac Boat/Yacht Insurance Program available to boat owners, boat dealers and insurance agents nationally on March 1. The program offers broad coverage for boats ranging from personal watercraft to large sail and power yachts. …

Chinese Firm Claims It Owns Apple’s iPad Trademark

A Chinese tech firm that says it owns the iPad trademark, plans to seek a ban on exports of Apple Inc.’s computer tablets from China, a lawyer for the company said. If successful, the move could deal a blow to …

Wall Street Fights Back vs. Expert Witness in Lawsuits

For years, Craig McCann played a prominent role as a top expert witness, his testimony helping to win millions of dollars for investors who sued financial companies. As those victories piled up, brokerages went to war on his credentials, and …

A Valentine’s Kiss Warning: Lead Poisoning!

If you’re going to be on either end of a kiss this Valentine’s Day, you might want to consider smooching bare-lipped. Most lipstick contains lead. Lead has been banned in paint since 1978 because of its toxicity at low levels, …

The Hartford’s Biggest Stakeholder Wants to Split Up the Firm

The Hartford Financial Services Group’s biggest stakeholder is not happy with its stock price and wants The Hartford CEO Liam McGee to do “something drastic,” including splitting up the company’s life insurance and P/C businesses. Speaking at the company’s earnings …

Italian Court Sentences Businessmen to Jail in Asbestos Case

A billionaire Swiss industrialist and a Belgian executive were sentenced to 16 years in jail on Monday by an Italian court and ordered to pay millions of euros in damages for negligence that led to more than 2,000 asbestos-related deaths. …

BP Wins Dismissal of Part of Investor Lawsuit Over Gulf Oil Spill

A U.S. federal judge dismissed a large part of a nationwide lawsuit accusing BP Plc and top executives of fraud for misleading shareholders before and after the 2010 Gulf of Mexico oil spill about the oil company’s ability to respond …

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