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

Maryland Jury Awards $2M in Inmate Highway Death

A Prince George’s County Circuit Court jury found the state of Maryland and a truck driver liable Thursday for roughly $2 million after the August 2007 death of an inmate who was killed while picking up trash along Interstate 495. …

West Virginia’s BrickStreet Expects to Lose $8 Million to Competition

A state-created insurance company for workers’ compensation coverage is expecting to lose million of dollars in government agency contracts when the market opens up to other carriers next week, the insurer’s chief said. One by one, boards of education and …

Oxendine Still Georgia GOP Favorite Despite Insurance Donations Probe

A state probe into insurance industry contributions funneled to Republican John Oxendine is turning into a drawn-out saga, which opponents are trying to use to cast an ethical cloud over his campaign for governor. With less than a month left …

Status of Post-Flood Report for Tennessee Unclear

The U.S. Army Corps of Engineers has been giving different answers about whether it will produce a post-flood report for the Cumberland River basin and surrounding areas. In an interview, Corps Programs Integration Division Chief Gary Loew said last Thursday …

State, Maritime Law to Determine BP Oil Claims, Says Feinberg

Victims of the biggest oil spill in U.S. history should be compensated if their claims would be applicable under state or maritime law, the head of the $20 billion BP spill compensation fund told the Financial Times. In an interview …

For Gulf Oil Disaster Victims, Claims Processing May Be Improving

The first time Louisiana shrimp boat captain Louis Buteaux filed a claim with BP Plc to recoup oil spill losses, he was told he didn’t have enough paperwork to prove he actually was the skipper. So he only got $2,500 …

Top New Orleans Chef Sues BP Over Seafood Losses

Susan Spicer, one of New Orleans’ most prominent and highly regarded chefs, has sued BP Plc for damages to restaurants that have lost normal seafood supplies because of the Gulf of Mexico oil spill. Spicer, who runs the restaurant Bayona …

AIG’s Cassano, Sullivan and Goldman Excutives to Face Crisis Panel

Joseph Cassano, a former AIG executive who played a big role in bringing the giant insurer to its knees, will face-off next week with a U.S. panel investigating the causes of the financial crisis. Cassano will rub shoulders with a …

President Obama Urges Changes In Stalled World Trade Talks

U.S. President Barack Obama Sunday called for significant changes to the long-delayed Doha round of world trade talks, telling Group of 20 leaders that offers on the table were inadequate. Obama, who spoke at a lunch with G20 leaders, emphasized …

Insurance Supervisors Warn Against European Union’s Levy on Sector

It would be unfair to include insurance companies in the European Union’s proposed banking levy, industry supervisors said Sunday. Yoshihiro Kawai, secretary general of the International Association of Insurance Supervisors (IAIS), said the insurance industry should not be caught up …