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Honda Owner Bypasses Class Action in California, Hopes Others Follow

A woman who expected her 2006 Honda Civic Hybrid to be her dream car wants Honda to pay for not delivering the high mileage it promised. But rather than joining other owners in a class-action lawsuit, she is going solo …

Obama to Name Cordray Consumer Bureau Head in Recess Appointment

President Barack Obama plans to use a recess appointment to install Richard Cordray as head of the country’s new consumer financial protection watchdog, sidestepping Republican congressional opposition to his pick. “Today in Ohio, President Obama will announce the recess appointment …

Football Players Sue Chicago Law Firm

Kansas City Chiefs quarterback Kyle Orton and some 20 other NFL players are suing a Chicago law firm for more than $10 million, claiming they received bad financial advice on investing in energy concerns. The 14-page lawsuit filed in Cook …

San Bernardino County Settles Motorcycle Claim for $3 Million

San Bernardino County has agreed to pay $3 million to settle a lawsuit that blamed dangerous road conditions for a motorcycle crash that left a passenger with head and neck injuries. The Riverside Press-Enterprise reported on the agreement in the …

Leal, Pekar Join Texas-Based TDECU Insurance Agency

Vickie Leal and Kathleen Pekar have joined TDECU Insurance Agency LLC in Lake Jackson, Texas, as the agency’s newest licensed agents. Leal is serving the insurance needs of community and credit union members in Angleton, Bay City, Brazoria, Freeport, Houston, …

Catlin Boosts Hijack, Kidnap, Ransom Services with Partnerships

Catlin Group Limited has formed partnerships with two specialist risk management consultancies to enhance its services to clients with hijack, kidnap, extortion and wrongful detention exposures. The Bermuda-based insurer and reinsurer began working with both Drum Cussac and Compass Risk …

Earthquakes Prompt Record Insurance Claims in 2011

Insurance industry damage claims from natural disasters like the earthquakes in Japan and New Zealand reached a record $105 billion in 2011, Munich Re , the world’s biggest reinsurer, said on Wednesday. The cost to insurers from the earthquake and …

Ruling Boosts Bond Insurer MBIA’s Fraud Suit Against BofA’s Countrywide

A New York state judge made it easier for the bond insurer MBIA Inc. to pursue its $1.4 billion lawsuit accusing Bank of America Corp.’s Countrywide Financial unit of fraudulently inducing it to insure risky mortgage-backed securities. New York State …

Mississippi High Court to Hear Appeal Over $15M Award for Asbestos

Conoco Phillips Corp. has appealed a $15.2 million jury award to an oil and well drilling worker who claimed have gotten lung disease from exposure to asbestos. The Mississippi Supreme Court will hear oral arguments in the case on Jan. …

South Carolina Considers Mandating Motorcycle Helmets for All Riders

State lawmakers in South Carolina are considering modifying a 30-year old law so that all motorcycle riders in the state must wear helmets. South Carolina State Senator Ralph Anderson (D-Greenville) is sponsoring a bill that would require all motorcyclists in …

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