July 25, 2008
Residents in south Texas on the coast have begun the tough job of cleaning up at Hurricane Dolly slammed into the coast on Wednesday, July 23. On Thursday power lines were still down, but according to news reports, many businesses …
July 25, 2008
A Jackson County judge agreed on Wednesday, July 23 to throw out a contempt order against Allstate Insurance after determining the company had finally complied with his directions to release confidential documents. The Kansas City Star reported on its Web …
July 25, 2008
Joseph F. Morris has been named president and CEO of James River Insurance Co.and its affiliate James River Management Co, Inc., effective August 25. Morris has 28 years of insurance industry experience and most recently served as president and CEO …
July 25, 2008
An El Paso woman faces up to 20 years in prison and repaying nearly $1 million to an insurance company where she worked. Prosecutors say 42-year-old Olivia Enriquez pleaded guilty to one count of wire fraud. Sentencing is Oct. 7. …
July 25, 2008
Leading lawmakers this week accused the Bush administration of acting in secret to make it harder to limit worker exposure to carcinogens and other dangerous chemicals in the workplace. The Labor Department is trying “to slip through a rule that …
July 25, 2008
A federal appeals court says the Army isn’t liable for more than $1 million in medical bills for a Pittsburgh-area man paralyzed in a shooting by an unstable Army recruit. Twenty-three-year-old Marty Armstrong Jr., of Springdale, is serving a 25- …
July 25, 2008
German reinsurer Munich Re issued a profit warning on Friday, saying turmoil in global markets would hurt its second-quarter earnings and result in a lower than forecast profit for the year as a whole. “Against the background of steep falls …
July 25, 2008
Max Capital Group Ltd. reports it has agreed to acquire Imagine Group (UK) Limited, a Lloyd’s insurance operation, from Imagine Insurance Co. Limited (“Imagine”). The agreement also includes the acquisition of Imagine Lloyd’s operations in Denmark and Japan. The total …
July 25, 2008
Famed Mississippi anti-tobacco lawyer Richard “Dickie” Scruggs is ordered to report to a federal prison in Ashland, Ky., in August to start serving his five-year sentence for attempting to bribe a Mississippi judge. Documents filed July 23 in federal court …
July 25, 2008
Unlike years past, there are no diamond rings or South African gold coins in West Virginia’s cache of unclaimed property. But State Treasurer John Perdue does have cash, stock shares and unclaimed insurance policies for about 12,000 people. Each year …