Monthly Archives: <span>February 2012</span>

Louisiana Department of Insurance Recovers $5.3M in 2011

Louisiana Insurance Commissioner Jim Donelon announced that the Louisiana Department of Insurance (LDI) aided Louisiana insurance consumers in receiving more than $5.3 million in insurance payments from consumer complaints in 2011. LDI received 13,208 consumer inquiries and 3,453 official consumer …

Practice Doesn’t Make Perfect in Making Decisions About Risk

People aren’t always good at making informed decisions that involve risk, but a new study shows that even when they know the likelihood of certain outcomes based on statistical evidence or their own experiences, people still make decisions at odds …

Kentucky Lawmakers Swayed by Amish Man’s Letters on Buggy Issue

The simple, heart-felt letters of an old-fashioned Amish man are being credited for the Senate’s quick passage of a bill that would allow Kentucky’s Amish residents to use reflective tape on their horse-drawn buggies instead of the bright orange triangular …

Lawyers Appeal Mississippi Asbestos Fraud Verdict

Two Mississippi plaintiffs lawyers, including a former state lawmaker, have appealed a verdict that they committed fraud during an asbestos lawsuit they filed in 2001. A federal jury in Mississippi decided in 2010 that the lawyers should pay Illinois Central …

Georgia Fire Damages 23 Cars

Investigators in Georgia said 23 cars were damaged as high winds fueled a fire that spread to a car lot north of Atlanta. WSB-TV reported that firefighters discovered the flames at US Auto Sales in Forsyth County Sunday afternoon. Fire …

XL Group Launches Product for Construction Equipment

The marine insurance unit of XL Group has unveiled Contractor’s Equipment Coverage Solutions, a package designed to protect the equipment of general building, infrastructure and specialty contractors. “Whether it’s a backhoe or computer, contractors rely on diverse equipment to support …

41 Senators Urge Action on Flood Insurance Reform

Forty-one U.S. senators from both parties have signed a letter urging the Senate to schedule a vote on legislation to reform and extend the federal flood insurance program “as expeditiously as possible in February or very soon thereafter.” U.S. Sen. …

Norman-Spencer Takes AquaPac Program Nationwide

The Norman-Spencer Agency will make its AquaPac Boat/Yacht Insurance Program available to boat owners, boat dealers and insurance agents nationally on March 1. The program offers broad coverage for boats ranging from personal watercraft to large sail and power yachts. …

Chinese Firm Claims It Owns Apple’s iPad Trademark

A Chinese tech firm that says it owns the iPad trademark, plans to seek a ban on exports of Apple Inc.’s computer tablets from China, a lawyer for the company said. If successful, the move could deal a blow to …

Wall Street Fights Back vs. Expert Witness in Lawsuits

For years, Craig McCann played a prominent role as a top expert witness, his testimony helping to win millions of dollars for investors who sued financial companies. As those victories piled up, brokerages went to war on his credentials, and …