A regulatory exclusion in a directors and officers liability insurance policy applies to an insurance regulator acting as liquidator, according to the Nebraska Supreme Court. The ruling is believed to be the first by any state Supreme Court upholding a …
U.S. Treasury Secretary Timothy Geithner told an angry Congress on Tuesday that he needs authority to step in to shut down troubled institutions like American International Group to avoid future government bailouts. Geithner’s call for new authority to take over …
Canton, Massachusetts-based insurer OneBeacon Insurance Group Ltd has appointed Mike McSally as senior vice president of personal lines. McSally joined OneBeacon in 1997 and has served in a variety of senior leadership positions, most recently as senior vice president of …
World Trade Organization Director General Pascal Lamy pressed U.S. trade officials Monday for a strong commitment to finishing the Doha round, while a U.S. business leader warned against accepting a “phony deal” just to wrap up the talks. Lamy’s trip …
Research showing an El Nino event in 1918 was far stronger than previously thought is challenging the notion that climate change is making El Nino episodes more intense, a U.S. scientist said on Tuesday. El Nino causes global climate chaos …
The new head of the New York Federal Reserve Tuesday defended saving American International Group from collapse as the right thing to do to prevent further damage to the world economy and said AIG will eventually be able to pay …
Esurance, a San Francisco-based personal auto insurance direct writer, has taken preliminary steps to obtain a license to sell auto insurance in Massachusetts — although the company says it has no immediate plans to enter the Bay State market. According …
Flooding in the upper Midwest, which could rival the high water levels experienced in 2006 and possibly 1997, and continued drought in the South and West are among the warnings contained in the national outlook for this Spring from federal …
In the end, a volunteer rescue squad in northeast Tennessee was unable to save itself. The Bristol Herald Courier reported the Hickory Tree Rescue Squad in Sullivan County has ceased operation after 20 years. Former squad president Jerry Craig said …
Normally, a 2008 BMW M3 or 3 Series sedan in excellent condition would sell for between $35,000 and $42,000 in a private party transaction, depending on mileage and equipment. For some Jones County buyer who possibly thought they were getting …
