Like spouses granted a divorce, AIG’s property/casualty insurance executives are relieved and excited about their newfound freedom. AIG is letting them form their own independent company called AIU Holdings. No longer will they have to answer for what their irresponsible …
A daylong search through the ruins on Friday, March 6, turned up no victims after a natural gas explosion and fire that collapsed three buildings in downtown Bozeman, Mont., a day earlier. One woman remained unaccounted for. She has not …
The Honolulu City Council has voted to advance a bill to ban the use of cell phones and other handheld electronic devices while driving. Hands-free devices would be allowed under the measure that was voted on Thursday. The vote follows …
Despite a weak economy, heightened competition and soft insurance prices, independent agents wrote $6 out of every $10 of property/casualty revenue in 2007 and continued to represent just under 60 percent of the overall P/C premium market share. Even so, …
A federal appeals court ruled that three Greene County, Ark., jailers are not immune from a lawsuit alleging they were deliberately indifferent toward an inmate who died from a heart attack. The 8th U.S. Circuit Court of Appeals in St. …
Despite all the technical changes, Lloyd’s of London continues to adhere to its century’s old tradition of accepting the most unusual risks. It has just agreed to cover the tongue of Gennaro Pelliccia, Costa Coffee’s Italian Master of Coffee, for …
A fire burned down about two-thirds of a city block in Weleeta Okla., one of several that broke out across Oklahoma last week. No serious injuries have been reported. The fire, which is still under investigation, burned down a cafe …
The California Court of Appeals recently rejected the argument that a manufacturer has a duty to warn of the dangers of asbestos that may be contained in products produced by other suppliers. The decision upholds a lower court ruling. In …
Louisiana State Police have lifted a shelter-in-place order resulting from the derailing of a freight train car carrying molten sulfur near Placquemine, La., on Mar. 7. The derailed freight car sprang a leak and dribbled stinking orange-and-yellow goop into Bayou …
The Texas Department of Insurance announced that Capitol County Mutual Fire Insurance Company has notified policyholders that their industrial fire insurance coverage will end effective with the policy monthly anniversary date in May 2009. TDI fined Capitol County for bad …
