The Kentucky Court of Appeals has reduced the monetary award in a lawsuit over the death of a University of Kentucky football player. The court halved the $60 million in punitive damages to $30 million, ruling the award in the …
The Professional Insurance Agents of New York honored the late Camilla Belser, former vice president and regional manager of Merchants Insurance Group, as its executive of the year from the Hudson Valley region. Belser died of cancer earlier this year. …
The authority of West Virginia’s mine safety office to suspend coal miners has been upheld by the state Supreme Court. The decision stems from the death of locomotive driver Victor Goudy at Consol Energy’s McElroy Mine two years ago. Goudy …
“China was the source of most contaminated or unsafe foodstuffs that came into Europe in 2009, according to a European Union report,” as cited in an article on the Lloyd’s of London web site, which highlights the “potential hazards” for …
Swiss Re’s Capital Markets Division has structured €275 million [$386 million] in notes as an alternative risk transfer vehicle, covering European windstorm events, for AXA Global P&C’s Calypso Capital Ltd., a special-purpose company incorporated in Dublin, Ireland. “The notes, which …
The Lloyd’s of London Branch of The Royal British Legion is hoping to raise £150,000 [app. $242,000] for this year’s Poppy Appeal on London Poppy Day, Thursday the 4th of November, “London Poppy Day is now an annual fundraising initiative, …
A Manhattan woman has failed to persuade a U.S. appeals court that Starbucks Corp should be held liable for severe burns she suffered after spilling tea served in a double cup. The 2nd U.S. Circuit Court of Appeals upheld Tuesday …
New Jersey-based insurer Chubb has named Kathleen M. Tierney chief operating officer of its Personal Insurance segment. Tierney joined Chubb in 1990, and most recently served as senior vice president and eastern territory manager for Chubb Specialty Insurance, where she …
Floridians woke up this morning without knowing for certain who will be their next governor, although Republican healthcare executive Rick Scott held a slight edge over Democrat Alex Sink. Sink waited until final results were in and finally conceded the …
Voters in the state of Washington have rejected a measure to inject private insurer competition into the state’s workers’ compensation system. The insurance industry hoped to open up the state’s workers’ compensation insurance system to the private market and eliminate …
