Lawyers for Apple Inc. argued for its right to use the iPad trademark in China on Wednesday, as a higher court began a crucial hearing that could result in sales of the wildly popular tablet computer being halted throughout the …
Moody’s Investors Service was ordered to defend against a lawsuit by a whistleblowing former analyst who claimed it illegally retaliated against him for questioning its ratings practices for risky mortgage debt. A federal judge said Ilya Eric Kolchinsky may pursue …
The Federal Reserve Bank of New York on Tuesday sold the remaining portion of mortgage-backed securities acquired in the 2008 rescue of American International Group Inc. The sale to a unit of Credit Suisse Group AG means the U.S. government …
BP Plc is seeking to settle a lawsuit over the massive 2010 Gulf of Mexico oil spill by tapping into a $14 billion fund it set aside to compensate fishermen and businesses harmed by the disaster, lawyers familiar with the …
The launch of a real-time commercial lines rater that gives agents access to a handful of large carriers was announced today by a division of Networked Insurance Agents. MyNTrack, a division of Grass Valley, Calif.-based Networked, integrates with the technology …
United Fire Group Inc., headquartered in Cedar Rapids, Iowa, appointed Michael W. Phillips to its board of directors and named Ed Sullivan as a company vice president. Phillips is the founder and president of Investors’ Actuarial Services LLC, a consulting …
The California Department of Insurance has settled a noncompliance action against GeoVera Insurance Co. following a 2010 investigation into consumer complaints concerning GeoVera’s underwriting practices. GeoVera will pay refunds to policyholders, in addition to a $235,000 fine, and take a …
The California Department of Insurance initiated an administrative enforcement action against two insurers – Zurich American Insurance Co. and Zurich American Insurance Co. of Illinois – for using a type of workers’ compensation insurance agreement known as a “large deductible …
An Oklahoma state lawmaker has filed legislation aimed at curbing the sale of alcohol to minors by requiring face-to-face interaction for alcohol purchases. House Bill 2725, by Democratic Leader Scott Inman, would disallow the sales of alcohol at self-serve checkout …
A.M. Best Co. has upgraded the financial strength rating to A- (Excellent) from B++ (Good) and issuer credit rating to “a-” from “bbb+” of Petroleum Marketers Management Insurance Company (PMMIC) of Des Moines, Iowa. The outlook for both ratings has …
