The Property Casualty Insurers Association of America (PCI) has requested that South Dakota Governor Mike Rounds veto Senate Bill 169, which PCI says will increase litigation costs and cause higher insurance premiums for consumers. The bill, which passed the South …
Major flooding has begun and is forecast to continue through spring in parts of the Midwest, according to the National Weather Service. The South and East are also more susceptible to flooding as an El Niño influenced winter has left …
A Seattle couple has sued Toyota, seeking to have the company take back the vehicle they just bought or reimburse them for lost value. Dana and Douglas Eller filed the lawsuit Monday in federal court, seeking class action status on …
Mississippi Gov. Haley Barbour has vetoed a bill that would have continued a program that designated part of the state’s insurance premium tax to fund the state’s property insurer of last resort. Barbour said the state has fulfilled its $80 …
In a move Texas Attorney General Greg Abbott says validates Texas’ medical malpractice laws, the Texas Supreme Court has upheld the state’s 10-year limitation, or statute of repose, on filing medical malpractice lawsuits. A 2003 law, House Bill 4, aimed …
The Hartford said it would conduct a public offering of equity and debt securities as part of a plan to repay the $3.4 billion it took from the federal government as part of the Treasury’s Capital Purchase Program, also known …
The Mississippi River is starting its spring climb with forecasters predicting a rise of more than a foot a day beginning at midweek. The result could be another year of flooding in the Vicksburg area. “Right now, we’re looking at …
A state House of Representatives committee will review a council created to protect Ohio’s insurance fund for injured workers in the wake of the firing of the council’s three-member staff. House Insurance Committee Chairman Dan Dodd of Hebron, a Democrat, …
In a move that accelerates its national growth, Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., has acquired Thomas Rutherfoord, Inc., the country’s 14th largest privately-held independent agency according to Insurance Journal’s Top 100. Marsh …
The father of a firefighter who died in a 2007 furniture store blaze that killed nine firefighters says families will meet with state fire investigators next week to discuss whether criminal negligence was involved in the deaths. “We want justice, …
