Monthly Archives: <span>May 2009</span>

Texas Legislation Big and Small in Peril

A work slowdown by House Democrats was meant to stop a voter identification law. But other bills in the path of destruction deal with hurricane insurance, local road projects, solar energy incentives and even trans fats in restaurant foods. Endangered …

The Hanover Bets Big on Specialty Lines

The Hanover’s CEO Fred Eppinger says the specialty lines business will be a key growth engine for the Worcester, Massachusetts-based super-regional insurer in the next several years. Over the last year, revenue from specialty lines at The Hanover has grown …

U.S. Supreme Court to Hear Merck Appeal on Reinstated Investor Lawsuit

The U.S. Supreme Court said Tuesday that it would hear an appeal by Merck & Co. Inc. of a ruling that reinstated a securities fraud lawsuit involving the company’s disclosures to investors about its withdrawn Vioxx pain drug. The justices …

Supreme Court Nominee Sotomayor Has Record in Business Cases

Sonia Sotomayor, nominated by President Barack Obama for the U.S. Supreme Court, has a lengthy record of rulings in business cases as a federal judge in New York. But legal experts said Sotomayor does not appear to be either particularly …

Acadia Launches Self-Storage Facility Coverage in Northeast

Westbrook, Maine-based Acadia Insurance Co. will begin offering specialized insurance coverage for the self-storage industry throughout New England and New York. “Self-storage facilities provide an essential service to the public, whether people need temporary storage solutions between moves or additional …

Ameriana Bank to Purchase Indiana’s Chapin-Hayworth Insurance

Indiana’s Ameriana Insurance Agency, a subsidiary of Ameriana Bank, has agreed to purchase the book of business of the Chapin-Hayworth Insurance Agency Inc., a multi-line property/casualty insurance agency located in New Castle, Ind. The transaction is expected to close on …

Massachusetts Bill Would Let Doctors Say ‘I’m Sorry’

Lawmakers are considering a bill that would let doctors say “I’m sorry” without admitting they made a medical mistake. Doctors have long expressed frustration that showing any compassion toward patients or their families — especially after a death following an …

Maryland Apartment Fire Causes More than $1M in Damage

Firefighters spent more than three hours battling a four-alarm fire in an apartment complex in Randallstown Sunday night. Baltimore County fire officials say the blaze was reported just before 9 p.m. Within 40 minutes, it had gone to four alarms …

Home Warranties Under Fire in South Carolina

A coalition of about 70 consumer and justice groups have sent a letter to South Carolina Attorney General Henry McMaster asking him to investigate home warranties they think violate state law. Fair Arbitration Now says builders often give homeowners a …

North Carolina Agent Charged with Murder Pleads Guilty to Embezzlement

Former North Carolina insurance agent Michael A. Howell has pleaded guilty to 25 counts of embezzlement and is expected to plead guilty to the murder of the state examiner who audited his agency about one year ago. Howell, 41, has …