Former WorldCom investors can now claim back some of the billions of dollars they lost in a massive accounting fraud, after a federal judge in New York approved legal settlements of “historic proportions.” The deal approved this weekby U.S. District …
A former chief scientist of Merck & Co. had concerns about the cardiovascular safety of painkiller Vioxx years before the company pulled it off the market, according to a videotaped deposition played during a Vioxx product liability trial continuing in …
An early thunderstorm soaked California’s vineyards, threatening the nation’s raisin crop even as many farmers missed the deadline to qualify for crop insurance. California fields produce all domestically grown raisins. Farmers this year were expecting to harvest 240,000 tons and …
Pennsylvania State Rep. Phyllis Mundy this week explained to fellow lawmakers why they should approve a bill she has introduced to cut down on medical errors and rein in health-care inflation. Mundy’s legislation (H.B. 743) would provide a 20 percent …
Employers Security Insurance Company has earned a Financial Stability Rating (FSR) of “A-Exceptional” from Demotech Inc. This level of FSR is appropriate for insurers who possess an exceptional ability to maintain a positive surplus as regards policyholders, maintain liquidity of …
A Chicago attorney who allegedly worked for a husband-and-wife team accused in a multi-million dollar insurance fraud scam was ordered held without bail in bond court yesterday, according to the Chicago Sun-Times. Eric P. Ferleger, 53, who is charged with …
Departing from the traditional rule that stadium owners have only a limited duty of care, the New Jersey Supreme Court has ruled that a fan who was struck by a foul ball at a baseball game can sue the ballpark …
SullivanCurtisMonroe Insurance Services has appointed Igor Vido as senior vice president and managing director of its new San Diego office. The office will serve all types of entities ranging from construction, trucking, and manufacturing firms to educational institutions. Vido has …
As many as 24 evacuees trying to escape the impending visit of Hurricane Rita, were killed early Friday in a bus fire on a highway near Dallas. The official death toll was unknown, but authorities said more than 40 people …
Darwin Professional Underwriters Inc. (Darwin) and Professional Government Underwriters Inc. (PGU) have entered into a program arrangement whereby PGU will be the exclusive provider of professional liability coverages for Darwin’s public entity program. The program is available nationally through PGU …
