Nintendo is issuing a product recall for its latest video game problem over a Wii problem. The reception of Nintendo’s Wii video game console has been enthusiastic — too enthusiastic, apparently, for the straps that are supposed to keep the …
A California woman who reached a $1.4 million settlement with her former employer after being spanked in front of co-workers is suing the company’s insurance carriers because, she says, she has not been paid. Janet Orlando, 55, reached the settlement …
Montana State Auditor John Morrison has approved the formation of a new health insurance company in the state, only the third headquartered in Montana. Morrison said regulators have determined that Allegiance Life & Health Insurance Co., Inc., headquartered in Missoula, …
Attorneys representing 45 people who sued the nation’s largest Roman Catholic archdiocese, accusing clergy members of sex abuse, signed off Friday on a $60 million settlement, according to the lead plaintiffs’ lawyer. The Archdiocese of Los Angeles said this month …
Columbus, Ohio-based State Automobile Mutual Insurance Co. announced today that, through a wholly-owned subsidiary, it has agreed to acquire the Beacon Insurance Group, headquartered in Wichita Falls, Texas. Closing is expected in the first quarter of 2007, subject to regulatory …
A panel of state insurance regulators on Dec. 15 rejected a proposed rule change that Allstate Insurance Co. cites as critical to deciding the company’s long-term future in Louisiana after Hurricane Katrina. The Louisiana Insurance Rating Commission voted 4-to-1 against …
Legislators gave Louisiana Gov. Kathleen Blanco little of what she wanted in her failed legislative session, approving just two of her bills on Dec. 15: plans to rebate homeowners’ insurance fees and to use $300 million as a lure to …
An insurance company said it has settled a lawsuit the Houston Astros filed after the team’s claim to recoup $15.6 million of injured first baseman Jeff Bagwell’s contract was denied. Connecticut General Life Insurance Co. spokeswoman Gloria Barone confirmed the …
The insurance company for the Russian Orthodox Church Outside of Russia has settled a claim by a man who says he was abused as a teenager by monks at a monastery in Blanco, Texas. The settlement agreement, which included a …
In a recently published report Standard & Poor’s Ratings Services said it “considers that the insurance sector in Europe has enjoyed a very good year in 2006, aided by the absence of the large losses that characterized 2005. Insurers’ strong …
