Federal prosecutors say the fraud conviction of former Cicero, Ill., president Betty Loren-Maltese should stand, even after a U.S. Supreme Court decision on “honest services” laws. Loren-Maltese served 6 1/2 years in prison for fleecing taxpayers of more than $12 …
Specialty insurer Markel Corp. said today that Chairman and Chief Executive Officer Alan Kirshner may be absent from the corporation’s offices for most of December and January while receiving medical treatments. Kirshner said he plans to resume day-to-day activities in …
Aon Benfield’s London office announced the launch of its new Solvency II-focused version 5 of ReMetrica, its dynamic financial analysis tool for capital modeling. ReMetrica has evolved to help re/insurers meet the proposed regulatory requirements under Solvency II and to …
State insurance regulators have established a task force to monitor the negative effects the new federal health reform law might have on health insurance agents and brokers. The National Association of Insurance Commissioners (NAIC), which rejected pleas to protect brokers’ …
Brightway Insurance recently acquired General Insurance Concepts, a 20-year-old property and casualty insurance agency offering personal and commercial lines of insurance. The company’s offices, located in Orange Park, Fla., will become Brightway’s 23rd northeast Florida location. Brightway Insurance operates 70 …
You play golf, you assume risks. So says New Hampshire’s Supreme Court. The state’s highest court has upheld dismissal of a negligence lawsuit brought by an injured golfer against Candia Woods Golf Links. Paul Sanchez III said the golf course …
A 49-year-old Maine man charged with burning down a topless coffee shop wants his trial moved. Raymond Bellavance claims pretrial publicity will make it too hard to find an unbiased jury in Kennebec County. Bellavance is charged with setting fire …
The state’s Workers’ Compensation Commission broke state law by not depositing fines as it worried legislators would use the money for something else, according to a state audit. The commission collected but delayed for weeks depositing $244,000, the Legislative Audit …
Reports on a federal board’s investigations of fatal incidents at two West Virginia chemical plants won’t be released until next year. The U.S. Chemical Safety Board is investigating a 2008 explosion at Bayer Corp.’s Institute facility that killed one worker …
A Kanawha County Circuit Court judge has upheld a state law giving coal mine operators 15 minutes to tell regulators about fires and other serious accidents. Judge Tod Kaufman’s ruling came in a case involving International Coal Group subsidiary Wolf …
