July 6, 2009
A New Jersey woman who claimed her bipolar disorder was brought on by a stressful relationship with her boss is not eligible to collect workers’ comp benefits, a compensation judge has ruled. The case was brought by Tracey Fleidner against …
July 6, 2009
A professional liability policy does not cover legal fees for patent infringement lawsuits brought by a competing company, a Pennsylvania appeals court has ruled. The ruling comes in response to a suit brought by TransCore, a company that makes technology …
July 6, 2009
A new law could save homeowners money when a hurricane off the Atlantic coast churns up weather strong enough to damage homes in Rhode Island but never reaches the state. Legislation signed last month by Gov. Don Carcieri prevents insurance …
July 6, 2009
Hankerin’ for a Fight “Hank Greenberg was mad. He was angry.” —Theodore Wells, lawyer for AIG, addressing jurors in the civil trial against ex-AIG head Maurice “Hank” Greenberg. Greenberg stands accused of plundering $4.3 billion in stock from the company …
July 6, 2009
The former owner of a Connecticut trucking company has been sentenced to six years in jail on manslaughter and insurance fraud charges for his role in a fiery truck crash at a major suburban intersection that left four people dead, …
July 6, 2009
New Yorkers Can Now Tap Internet for Personal Auto Discounts New Yorkers who shell out about $50 to take a leisurely trip down a cartoon road with just a few clicks of the mouse can end up shaving hundreds of …
July 6, 2009
Insurance industry leaders underscored their concerns over the potential impacts of climate change last Thursday July, 2 with the introduction of a 138 page report from the Geneva Association*, the industry’s most important think tank. In a well attended presentation …
July 6, 2009
Going river rafting in Oregon? Bring a life jacket. It’s now the law. To reduce drowning risks, Oregon authorities are reminding people that life jackets are required aboard river rafts, just as the safety device is required for boats. Failure …
July 6, 2009
Florida Insurance Commissioner Kevin McCarty said the 54 property insurers backed by nearly $5 billion in capital that have been admitted to the state since 2006 can’t be expected to absorb all of the policies left behind when State Farm …
July 6, 2009
Los Angeles-based The Farmers Insurance Group of Companies is offering a new eco-friendly product for its Texas customers wishing to ‘go green”. Called “Eco-Rebuild”, the new endorsement will supplement the comapany’s homeowners insurance by allowing customers to replace destroyed property …