A federal judge signaled that she would approve a settlement calling for Wells Fargo & Co. to pay $32 million to about 1,200 female brokers who claimed they were paid less than men and denied promotions because of their gender. …
Coal industry officials this week roundly criticized two sets of new safety rules proposed by federal regulators following an explosion that killed 29 West Virginia miners last year. The West Virginia Coal Association and Alpha Natural Resources, the third-largest U.S. …
Lawyers for President Barack Obama and plaintiffs representing 26 states presented oral arguments Wednesday in an appeal over the government’s healthcare reform law, a contentious cornerstone of Obama’s presidency. Here are the central arguments presented to the 11th Circuit Court …
The ISU Agency Network has named Tim Boyd as its Northeast regional vice president. He will be responsible or regional membership growth, developing relationships with regional carriers and promoting the existing carrier relationships. Boyd has been in the insurance industry …
Homeowners in western Massachusetts have filed $90 million in insurance claims for damage caused by deadly tornadoes that ravaged Springfield and several smaller communities last week, state officials said Tuesday. The state Division of Insurance estimate is the largest in …
As weather forecasters predict an above-normal number of hurricanes this season, chances also increase that one of the storms will hit the mid-Atlantic states. The News Journal of Wilmington (Delaware) reports that the region’s last hurricane-related encounter was with remnants …
A blogger sued for defamation over comments posted on an Internet message board is not entitled to the same protections as a journalist, the New Jersey Supreme Court ruled on Tuesday. The court said that blogger Shellee Hale’s criticism of …
Standard & Poor’s Ratings Services has revised its outlook on Bermuda-based Attorneys’ Liability Assurance Society (Bermuda) Ltd. and its Vermont-based operating unit, Attorneys’ Liability Assurance Society Inc. RRG (collectively referred to as ALAS), to negative from stable, and has affirmed …
A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit rating (ICR) to “a” from “a-” of State Farm General Insurance Company, and has revised the outlook for both ratings to …
The ACE Group announced today the availability of a new report that identifies the potential impact of the European Union’s Solvency II regulatory requirements on captive insurance companies and offers an alternative insurance structure for risk managers of multinational companies …
