A Manhattan federal judge dismissed two lawsuits seeking to force Bank of America Corp. to sue former Merrill Lynch & Co. executives and directors over losses in mortgages and other risky debt. The ruling was issued Tuesday by U.S. District …
The Hartford has named Douglas G. Elliot president of its commercial markets division. Elliot is currently president and chief executive officer of Hartford Steam Boiler, a subsidiary of Munich Re, and president of Specialty Insurance. Previously, he was senior adviser …
A.M. Best Europe – Rating Services Limited has placed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Bermuda-based Omega Specialty Insurance Company Limited (OSIL) and the ICR of “bbb” of Omega Insurance …
Lloyd’s of London announced an overall profit of £2.195 billion ($3.522 billion) for 2010, a significant decrease from the record £3.868 billion (more than $6.2 billion) it recorded in 2009. The earnings report also noted that Lloyd’s combined ratio for …
San Diego, CA, 3/30/11 – American Claims Management, Inc. (ACM) has been appointed as the third party claims administrator for the California Restaurant Mutual Benefit Corporation (CRMBC), the largest self-insured group in California. Effective April 1, 2011, ACM will commence …
Supreme Court justices sharply questioned Tuesday whether more than a million female employees can join together against Wal-Mart Stores Inc. in the largest class-action sex-discrimination lawsuit in history. The justices seemed sympathetic to Wal-Mart in considering whether a small group …
The Montana Senate has passed a workers’ compensation reform bill that supporters claim will bring nearly $100 million in savings its first year. The Senate passed HB 334 by a 45-5 vote in its third reading on March 28. The …
Hawaii is running out of time to find an estimated $232 million needed to balance the budget over the next three months, leading Gov. Neil Abercrombie’s administration to consider emptying the state’s hurricane relief fund, The Associated Press has learned. …
The Carlsbad Chamber of Commerce, California’s 10th largest Chamber with more than 1,600 members, recently honored Marrs Maddocks and Associates Inc., as Medium Business of the Year out of a field of nearly 200. “Every business that survives an economic …
