The city of New York has agreed to pay more than $7 million to settle a civil lawsuit stemming from the fatal 50-bullet police shooting of an unarmed man on his wedding day. The settlement filed in Brooklyn federal court …
A Baltimore jury has awarded $34.3 million to 23 employees of an Inner Harbor steakhouse who suffered brain damage as a result of carbon monoxide poisoning. The plaintiffs worked for the Ruth’s Chris Steak House at the Pier V Hotel. …
ClearCount Medical Solutions and CNA HealthPro are working together to expand their insurance policy to provide both the dollar amount and types of expenses covered under ClearCount’s Never Event Warranty program. ClearCount offers hospitals coverage for a wide variety of …
SeaBright Holdings Inc. reported a second quarter net loss of $15.5 million or $0.74 per basic and diluted share, primarily due to the recognition of adverse development of prior years’ loss reserves. This compares to net income of $4.3 million …
The Connecticut Insurance Department said it recovered $591,000 last quarter for insurance buyers who complained to the state about coverage and claims issues. Department staff received 1,761 new complaints or inquiries from consumers in the second quarter, a slight uptick …
William Dougherty has been named president of the New Jersey Subcontractors Association for its 2011 fiscal year. Dougherty is executive vice president & COO for True and Associates, a full-service insurance and bonding firm based in Westfield, N.J. The New …
The Juvenile Diabetes Research Foundation (JDRF) has elected Mike LaRocco, president and CEO of Novato, Calif.-based Fireman’s Fund, to the Greater Bay Area Chapter’s Executive Board. LaRocco will co-chair the Corporate Development Committee and as an officer of the chapter …
Louisville, Ky.-based insurance and benefits broker Arison Insurance Services, Inc. has acquired London, Ky. based insurance broker, Benefits Solutions, LLC. The acquisition creates Arison’s seventh regional office in Kentucky. Terms were not disclosed. David Combs, former chief executive officer of …
A.M. Best Co. has affirmed the financial strength rating of ‘A ‘(Excellent) and issuer credit ratings of “a” of Sweden’s Skandia Insurance Company Ltd. and Skandia Life Assurance Company Limited (Skandia UK), the main subsidiaries in Old Mutual plc’s Nordic …
A Houston Court of Appeals has dismissed a case involving workers’ compensation benefits claim disputes with Texas Mutual Insurance Co. in a move that according to the insurer resolves “significant” workers’ comp related issues. Texas Mutual reported that the case …
