A federal judge has approved American International Group Inc.’s $450 million settlement with rival insurers to end litigation accusing AIG of underreporting premiums on workers’ compensation policies. AIG will make the payment after rivals accused it of understating its market …
California Attorney General Kamala D. Harris announced on Tuesday that her office, along with the attorney general offfices, reached a $553 million settlement with manufacturers for allegedly engaging in price fixing of flat screen LCD (Liquid Crystal Display) panels found …
The Hawaii Supreme Court has ruled the “known or obvious danger” defense is no longer viable under state law as a complete bar to an injured plaintiff’s premises liability claim. Michele R. Steigman sought to recover damages after suffering a …
A levee isn’t perfect, but it exists and that should count for something when deciding if a property is at risk for flooding. That’s the position of the Federal Emergency Management Agency in a new proposal that would break from …
A federal judge has barred New York City’s Taxi and Limousine Commission from issuing permits for taxicabs unless they’re accessible to people with disabilities. Advocates for the disabled say it’s a milestone decision that could have national implications. Federal Judge …
Virginia motorists are being ticketed and convicted of a violation that is not a crime under state law: driving without proof of insurance. According to Virginia Lawyers Weekly, court records show that drivers in several localities have been hit with …
Is it more important to keep overall car insurance premiums low, or to make sure everyone’s paying what they deserve? North Carolina legislators once again examining the unique rate-setting system for the state’s roughly 7 million insured personal vehicles will …
Mike Mathews has been named president and chief operating officer of San Diego, Calif.-based Atlas General Insurance Services. Mathews is responsible for executing Atlas’ long-term strategy of profitable growth for its carrier partners and for providing service to its customers. …
General Electric Co. jumped into the retail deposits business on Tuesday, buying the online bank from life insurer MetLife Inc. in a deal that will let GE’s capital arm expand its funding base and lessen reliance on wholesale markets. MetLife …
Allstate’s captive agents have been spared part of a planned cut in their commissions as the insurer has revised its compensation strategy. The Illinois-based insurer confirmed that it would cut its base commission to its agents to 9 percent of …
