A U.S. appeals court sided with BP Plc in a securities fraud lawsuit arising from a 2006 Alaska oil spill, but the case isn’t over. BP discovered two oil spills in Prudhoe Bay, Alaska, in 2006, and a corporate subsidiary …
Thrown by a mounting series of extreme events over the past four years, global policymakers and investors are being urged to think long and prepare more systematically for the worst. Futurologists have rarely been taken more seriously by hard-nosed pragmatists …
Heffernan Insurance Brokers has launched a new program called Insurance on the Playa, which offers coverage for participants of the Burning Man event. Coverage can include liability for theme camps, art cars and art installations as well as coverage for …
Mitsui Sumitomo at Lloyd’s has appointed Graeme Rayner as Head of Underwriting, Property and Casualty, in a move it described as designed to drive “growth in the UK and Irish markets.” Rayner, who was previously Managing Director of commercial business …
Standard & Poor’s Ratings Services has published a report – “French Insurance Industry Holds Up Under Pressure, But Challenges Still Lie Ahead” – on the challenges the French insurance industry is likely to face over the next two years. S&P …
A U.S. appeals court on Wednesday upheld President Barack Obama’s landmark healthcare law that requires Americans to buy insurance as constitutional, an early victory for the White House. The U.S. Court of Appeals for the 6th Circuit, based in Cincinnati, …
The California Supreme Court has confirmed a limitation on an employer’s potential tort liability for the acts of its employees, with a particular emphasis on employees operating motor vehicles in the course of their employment. According to Diaz v. Carcamo, …
Nevada Gov. Brian Sandoval has signed Assembly Bill 74 (AB 74), a move that will strengthen the state’s commitment to the captive insurance industry, according to state Insurance Commissioner Brett Barratt. The bill was submitted by the Nevada Division of …
California Insurance Commissioner Dave Jones announced that Monica Mui Ung, 51, owner and president of NBC General Contractor Corp. (NBC), has entered guilty pleas in Alameda Superior court for violating section 11880 of the Insurance Code, section 1778 of the …
A Los Angeles Superior Court judge has given final approval to a $10.5 million class action settlement involving Aon Insurance Services Inc., according to the plaintiff’s’ attorney. The plaintiffs alleged that California Account Specialists, whose work involves assisting account managers …
