February 20, 2012
A South Carolina company’s lawsuit accusing a former employee of costing it hundreds of thousands of dollars in lost business when he took Twitter followers can go forward, a federal judge has ruled. San Francisco-based U.S. Magistrate Judge Maria-Elena James …
February 20, 2012
A West Virginia company is working on a piece of equipment designed to keep miners safer. Trinity Resources, headquartered in Putnam County, demonstrated its mobile mine safety chamber recently at the West Virginia Mining Symposium in Charleston. The device resembles …
February 20, 2012
Whistleblower Limit “We are bound by what Congress has written.” – The U.S. Supreme Court ruling that a federal law protecting whistleblowers at publicly traded companies does not cover employees of mutual funds. Miss. Mitigation “Mitigation is the key to …
February 20, 2012
BB&T Corp, Crump North Carolina-based BB&T Corp. is buying the property/casualty and life insurance units of Roseland, N.J.- based insurance wholesaler Crump Group. BB&T said it will pay $570 million in cash for Crump Property/Casualty Insurance Services and Crump Life …
February 20, 2012
BP Plc won a court order to keep references to some previous accidents out of its trial to assess blame for the 2010 Gulf of Mexico oil spill. It was the oil company’s second victory barring potentially damaging evidence. The …
February 20, 2012
The banks are by no means off the hook as a result of the settlement. The recent $25 billion settlement between five of the country’s largest banks, 49 state attorneys general and federal officials over foreclosure abuses is a step …
February 20, 2012
Two U.S. senators have filed a bill to clarify that agent compensation should be excluded from the federal health reform Medical Loss Ratio (MLR) requirement for the individual and small group markets. Sen. Mary L. Landrieu, D-La., chair of the …
February 20, 2012
When a carrier is sued for denying a claim, it is usual for policyholders to raise claims of bad faith. For decades now, policyholders have frequently pled both common law (i.e., law created by cases) and statutory (i.e., law from …