March 12, 2012
The Obama administration on Monday released broad new operating rules for state-run health insurance exchanges, which form a key part of the 2010 federal healthcare reform law that will face landmark Supreme Court hearings in just two weeks. The long-awaited …
March 12, 2012
Woodland Hills, Calif.-based Poms & Associates Insurance Brokers Inc. named Martin V. Flannery vice president in the property/casualty group in its Woodland Hills office. Prior to joining Poms & Associates, Flannery was vice president of marketing and sales at ISU …
March 12, 2012
XL Group plc’s North America Construction is establishing a west coast underwriting operation in San Francisco, Calif. XL is setting up its west coast presence with Michael Simone, currently executive underwriter of construction primary casualty, and Markus Bachmann, vice president …
March 12, 2012
Canada’s three biggest tobacco companies, all with multinational parents, face C$27 billion (US$27.20 billion) in damages and penalties as the largest civil lawsuit in the country’s history gets underway on Monday. The companies, Imperial Tobacco Canada, JTI-Macdonald Corp and Rothmans …
March 12, 2012
In the end, the flashy business suits, charming smile, yachts, luxurious private jets and a passion for the sport of cricket couldn’t mask what Texas tycoon R. Allen Stanford actually was: a con man. Jurors who convicted the financier on …
March 12, 2012
Texas Mutual Insurance Co. announced that three workers’ compensation safety groups have earned a combined $435,324 in dividends. The dividends were based largely on each group’s overall loss ratio. The largest dividend, $261,132, went to the Texas Automotive Safety Group. …
March 12, 2012
Los Angeles Fire Department officials have for years released misleading data on the response times of firefighters, according to a report. LAFD brass made the admission Friday after mayoral candidate Austin Beutner cited fire department numbers in a Huffington Post …
March 12, 2012
Misdemeanor criminal charges have been filed and fines levied against the operator of a Utah mine where a 2007 collapse killed six miners, two rescuers and a federal inspector, Federal prosecutors said Friday. U.S. Attorney David B. Barlow said the …
March 12, 2012
Branson, Mo., city officials said they were mostly happy with the emergency response to a tornado that hit the tourist city in February. City officials met on March 8 to assess the response and tally damage. Police Chief Kent Crutcher …
March 12, 2012
Atlantic Richfield Co. has agreed to pay $1 million to the U.S. Environmental Protection Agency for managing the Superfund site at the former Black Eagle smelter. “It really allows us to have a special account to do oversight of the …