Insurers, Brokers Settle Spitzer-Era Bid-Rigging Case for $37 Million March 23, 2011 By Andrew G. Simpson Lawyers for a majority of the 15 insurance company and broker defendants in a long-running suit accusing them of bid-rigging...
New York Ex-Lawmaker Gets Prison in Insurance Fraud Case March 23, 2011 A former New York lawmaker will spend at least four years in prison following his conviction in a Hamptons insurance...
Colorado Bill Restricting Homeowners Insurance Cancellations Defeated March 23, 2011 The Colorado House Economic and Business Development Committee has voted 9-4 to defeat a bill that homeowner’s insurance carriers say...
Company Faces $300M Penalty in Pennsylvania Pollution Suit March 23, 2011 By Joe Mandak GenOn Northeast Management Co. is liable for fouling the Conemaugh River with metal discharges from a power plant in Indiana...
Pennsylvania Ponders Workers’ Comp for Small Business Owners March 23, 2011 By Kenneth J. St. Onge Agents in Pennsylvania will urge lawmakers today to pass legislation that would allow insurers to cover owners or partners of...
Igor, Tomas Retired as Hurricane Names March 23, 2011 Hurricanes Igor and Tomas are no longer a threat. The World Meteorological Organization has retired the two names from those...
Florida Lawmakers Take Two-Pronged Approach to Insurance Reform March 23, 2011 By Michael Adams Tort reform and fraud have become the two big targets as Florida lawmakers are finally gearing up to tackle the...
Insurer Shares Relatively Unaffected by Japan Damage Estimates March 23, 2011 By Jonathan Gould Insurer shares largely shrugged off the industry’s first round of damage estimates from this month’s earthquake in Japan, which may...
Bayer Suit Latest to Allege Gender Bias in Employment March 23, 2011 Six former and current employees of a U.S. unit of Bayer AG filed a class-action lawsuit against the company on...
Guy Carp to Develop Agriculture Microinsurance for Mozambique Farmers March 23, 2011 International reinsurance broker Guy Carpenter & Co. announced that it will receive a $1.0 million grant from the International Finance...