A Manhattan jury awarded the family of Stephen Brown, who died from an asbestos related illness, $53.5 million in damages against Honeywell International, as the successor in interest of Allied Signal Corp. and its Bendix division. The other defendants had …
Many European countries observed Sunday, Jan. 27 as Holocaust Memorial Day, a time set aside to honor the memory of the 12 million human beings—over six million of them Jewish—who perished at the hands of the Nazis during World War …
One key indicator of any country’s economic health is the confidence of investors in its commercial enterprises. By that standard Mexico is on a roll. Since the end of the currency crisis in 1994, and the introduction of NAFTA in …
After meeting with representatives of the Independent Insurance Agents of America (IIAA), Alpharetta, Ga.-based ChoicePoint Inc., a credit scoring and consumer-lead generation service provider, agreed to stop selling data related to certain independent agency and broker insurance transactions. Debra Perkins, …
If it seems like you’re seeing more drivers with phones stuck to their ears, it isn’t your imagination. There are more than 88 million cell phone users in this country —40,000 new subscribers every day—and many of them are using …
S&P raised its counterparty credit rating and FSR on Beverly, Mass.-based Electric Insurance Co. (EIC) to “A” from “A-.” The outlook is stable. S&P considers EIC’s statutory surplus of $222.1 million in 2000 to be extremely strong. EIC’s capital adequacy …
A.M. Best Co. affirmed the financial strength rating (FSR) of “A” on PMA Capital Insurance Group, Philadelphia, and removed it from under review. The rating was placed under review Sept. 27, 2001, due to uncertainty regarding the potential impact of …
A Miami clinic owner and his office manager were arrested after allegedly recruiting two undercover Department of Insurance investigators into a scheme to file fraudulent auto accident insurance claims, according to Florida Insurance Commissioner Tom Gallagher. Flagler PolyClinic owner Ercides …
Louisiana acting Commissioner of Insurance J. Robert Wooley announced the approval of terrorism, mold and pollution exclusions for certain lines of insurance. Wooley said approval of specific coverage exclusions is intended to address the concerns of insurance companies so they …
Michael Segal, CEO of Chicago-based Near North Insurance Brokerage Inc., resigned his position after being charged with mail and insurance fraud involving a trust fund from which he allegedly misappropriated funds. According to the Chicago Tribune, Segal was arrested on …
