Former NBA Chicago Bulls star Scottie Pippen must pay a bank more than $5 million in a breach of contract lawsuit involving a loan for a business jet, an appeals court ruled. The recent ruling by the Missouri Court of …
The Chicago Mercantile Exchange, the largest derivatives exchange in the United States, recently announced that it is launching contracts that will allow insurers and others to hedge risk against hurricane damage. The exchange, a unit of CME Holdings Inc., is …
State Farm Mutual Automobile Insurance Co. recently announced it will pay $1.25 billion in dividends to its mutual auto insurance policyholders in 46 states, the District of Columbia and the Canadian province of New Brunswick. Policyholders in 12 Midwestern states …
Child safety “None of us wants to — as we each have done — meet with another family who has lost a child, in what is clearly a preventable death.” Sen. Hillary Rodham Clinton, D-N.Y., spoke in support of legislation …
Republican lawmakers had no legal authority to ask the Ohio Supreme Court to throw out a veto Democratic Gov. Ted Strickland carried out on his first day in office, the state’s top lawyer said. Attorney General Marc Dann filed a …
$279 million KeyCorp Bank, based in Cleveland, Ohio, will receive $279 million from a Swiss insurance company to settle a six-year-old lawsuit over losses it claimed in its car leasing business. The settlement, disclosed in a filing with the U.S. …
Last November, then-New York Attorney General Eliot Spitzer notified four insurance companies that they could no longer pay contingent commissions to agents and brokers who sell automobile, homeowners and certain other insurance products. Four companies — ACE, AIG, St. Paul …
The CPCU Society and American Institute for CPCU/Insurance Institute of America designate March as “Ethics Awareness Month.” Some people have a hard time defining ethics but ethics are really principles, right? I think we often get caught up in the …
The Chicago Mercantile Exchange is launching contracts that will allow insurers and others to hedge risk against hurricane damage. The exchange, a unit of CME Holdings Inc., is teaming up with Carvill Group, a reinsurance intermediary that will calculate the …
The 2006 Atlantic hurricane season came and went with barely a blip — despite initial projections by some that there would be two to five major hurricanes that year. How could insurance industry predictions be so wrong? They weren’t, according …
