June 21, 2000 9:35 a.m. CDT Allstate Insurance Company, Liberty Mutual Insurance Company, and Progressive Casualty Company and three of its affiliates, served summons and complaints throughout the Denver area last Thursday against two chiropractic clinics, one physical therapy clinic …
June 21, 2000 9:15 a.m. CDT The California Assembly Judiciary Committee was scheduled to hear SB 1899 yesterday. The bill, sponsored by Senator John Burton, D-San Francisco, would reopen (for one year from the enactment of the bill) claims related …
The bill, now law, also restructures federal crop insurance to make it cheaper for growers to buy policies. The package provides for American farmers to receive an average $3,750. The first round of payments, $5.5 billion to grain and cotton …
The proposed resolution will settle class action claims and regulatory issues relating to the pricing and sale of industrial life insurance policies. The company said the charge will have no material impact on its financial condition and overall business operations. …
British insurance group Prudential Plc announced Wednesday that Derek Higgs, chairman of M&G, the European asset management unit of Prudential, would resign his position effective in November, 2000 Higgs is also resigning from the board of Prudential, where he will …
Martin Frankel was sentenced to three years Wednesday by a German judge for evading taxes on diamond imports. “This was an exceptional case,” Judge Marc Tully was reported as saying in his sentencing of Frankel. The rogue financier was also …
A Westmoreland County employer who pleaded guilty to five misdemeanor violations of the Pennsylvania workers’ compensation law was recently sentenced to five years probation, ordered to pay $14,798 in restitution and to perform 50 hours of community service. Kevin Scott, …
The nursing home market, already in a state of deterioration for several years now, is becoming increasingly barren. It’s a subject that few insurers are inclined to discuss openly, but the buzz in the industry is that the legal community …
A group accusing California Insurance Commissioner Chuck Quackenbush of misspending earthquake settlement money posted recall petitions Monday on the Internet seeking to force the commissioner from office. The group, People’s Veto, received approval from the secretary of state’s office to …
After a long, litigious battle over an insurance dispute, the trial against Associated Aviation Underwriters (AAU) refusing to make good on a settlement between more than 1,600 Tucson residents injured by their contaminated water begins today in the Pima County …
