Monthly Archives: <span>March 2010</span>

Army Bomb Expert Sues, Claims ‘Hurt Locker’ Movie Based on Him

An Army bomb disposal expert who served in the Iraq war is suing the makers of “The Hurt Locker,” claiming the Oscar-nominated film’s lead character is based on him and that they cheated him out of “financial participation” in the …

South Carolina House Advances Cap on Liability Awards

A proposal to cap how much people can be awarded through civil lawsuits in South Carolina received key approval this week. The House approved the tort reform bill 104-9. It faces another, routine vote before heading to the Senate. The …

Former Mississippi Town Fire Chief Sentenced for Embezzlement

The former chief of the New Sight Volunteer Fire Department has been sentenced to 10 years in prison with seven years suspended for embezzlement. Mike Boyd pleaded guilty this week in Lincoln County Circuit Court. The Brookhaven Daily Leader reported …

Florida Lawmakers Block Sprinkler Mandate for New Homes

A Florida House committee wants to extinguish a proposed rule that would require fire sprinklers in many newly constructed homes. The House Governmental Affairs Policy Committee voted unanimously Wednesday for a bill that would block state building officials from requiring …

AIG Home Loan Units Deny But Settle Bias Complaints

Two AIG units settled federal charges that they discriminated against blacks in providing home loans and will pay at least $7.1 million for restitution and education efforts, according to court documents filed Thursday. The units, AIG Federal Savings Bank and …

AIG Still Working Out $15 Billion Sale of Alico to MetLife

A tax question holding up American International Group Inc.’s sale of its foreign life insurance unit to MetLife Inc. is expected to be resolved favorably, clearing the way for a roughly $15 billion deal, sources familiar with the matter said …

Newman, Hofmann, Werner Join Marsh & McLennan Agency Leadership

As it continues to build a national business, Marsh & McLennan Agency LLC, a subsidiary of insurance broker Marsh Inc., has appointed three executives to its senior leadership team. They are: Lisa R. Hoffmann, chief information officer; Benjamin A. Newman, …

New York Agent Charged with Stealing Premiums

A New York state insurance agent has been charged for allegedly stealing $15,400 in premiums. State police arrested Emil Feduniec, of Tuckahoe, after an investigation by the New York State Insurance Department’s Frauds Bureau and Consumer Services Bureau. He is …

Massachusetts Woman’s Family Sues Cosmetic Surgery Company

The family of a Massachusetts woman who died shortly after doctors started a cosmetic surgery procedure on her has sued the national company that was overseeing the operation. The lawsuit filed Wednesday in Middlesex Superior Court by the family of …

Fitch Sees Chile Quake Losses Unlikely to Impact P/C Insurance Ratings

Based on preliminary analysis, Fitch Ratings said it believes that the Chilean P/C insurance industry “will likely be able to absorb losses from the earthquake and Tsunami that hit the central-south part of Chile on Feb. 27.” However, Fitch added …