Some unhappy Allstate Insurance agents who say the insurer controls them like employees even though they are independent contractors are moving to affiliate with a union. The National Association of Professional Allstate Agents (NAPAA) claims that the giant insurer is …
Along a newly paved road at Harless Creek in Kentucky’s Pike County, dozens of new vehicles and a handful of new modular homes point to progress since severe flooding hit the area a year ago. At Raccoon Creek, freshly cut …
Accounting debacles at U.S.-listed Chinese companies have prompted a surge of securities fraud lawsuits, but investors might have trouble recouping their losses even if they win. More than one-fourth of the 94 U.S. securities fraud lawsuits seeking class-action status and …
China’s rail minister, facing public outrage over Saturday’s deadly train crash, has ordered a two-month safety review of railway operations and apologized for the accident which killed 39 people, state media reported on Tuesday. Internet users have flooded websites and …
A New Orleans judge has approved a $25 million settlement in a class-action lawsuit filed over the deaths of patients at a New Orleans hospital after Hurricane Katrina. The deal was reached between Tenet Healthcare Corp., which operated the Memorial …
Shareholders of Fremont Michigan InsuraCorp Inc. have approved the previously announced merger agreement with Auto Club Insurance Association. Based upon the preliminary tally of shares voted at the special meeting of shareholders, 1,358,246, or 76.1 percent, of the outstanding voting …
“With the credit quality of the U.S. imperiled by the current impasse over raising the debt ceiling, insurance companies are facing increased overall risk on their balance sheets,” states A.M. Best. The company recently announced the findings of stress testing …
Liberty International Underwriters in Europe (LIU Europe), a member of Liberty Mutual Group, has appointed Audrey Mondin as Environmental Impairment Liability Underwriter in its Paris Office. LIU said the move resulted from its conclusion that “the business looks to respond …
Catastrophe risk modeling firm AIR Worldwide announced the release of its Central America tropical cyclone model. “The new model covers Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and Panama,” AIR said. It also “captures the combined effects of wind …
London-based Steamship Mutual, a leading P&I Club, announced the imminent launch of its latest Loss Prevention DVD entitled “PIRACY – The Menace at Sea”. The Club described the current piracy situation as a “wholly unacceptable threat to merchant shipping and …
