Celebrity chef Mario Batali and his business partner have agreed to pay $5.25 million to settle a lawsuit that alleged they confiscated a portion of their restaurant workers’ tips. According to court papers filed in Manhattan federal court in New …
Florida Gov. Rick Scott has blasted a Senate bill to reform the state’s personal injury protection (PIP) auto insurance system claiming the bill does not provide adequate reform and could make the system even more costly. Scott was joined in …
Harrison County Circuit Judge Larry Bourgeois has declined to throw out the indictment in a DUI death case and dismissed a defense attorney’s claim that the Mississippi law is unconstitutional. The ruling was sought by Michael Crosby, the lawyer for …
From dishwashers that spark and flame to ovens that turn on spontaneously, kitchen appliances are the top source of complaints in the government’s year-old product safety database. One-third of the more than 6,500 reports filed to SaferProducts.gov in the past …
ACE USA has introduced an enhanced public entity liability policy that combines public officials liability and employment practices liability coverage with general liability and auto liability in a single insurance solution. “ACE’s policy enhancements demonstrate a sound understanding of public …
Aaron Edwards squirmed in delight on his mother’s lap in the Florida Senate gallery Wednesday as the chamber passed a bill to compensate him for negligence during his birth at a public hospital 14 years ago that left him unable …
The latest report from the Geneva Association , No. 5 in the current series – Extreme events and insurance: 2011 annus horribilis -, describes the global impact of the major 2011 natural catastrophes, and analyzes the role and mechanisms of …
The Bermuda-based Armour Group announced the formation of a new ILS [Insurance Linked Strategies- more commonly ‘securities’] focused asset manager to “target unique opportunities for uncorrelated returns in a low-yield environment.” Armour said its new unit, ILS Investment Management Limited, …
Greece averted the immediate risk of an uncontrolled default, winning strong acceptance from its private creditors for a bond swap deal which will ease its massive public debt and clear the way for a new international bailout. The finance ministry …
In a rapidly changing world, new innovations that keep global companies competitive are an extremely important resource – none more so than in the UK’s insurance sector. The Rt. Hon. David Willetts, the UK’s Universities and Science Minister, demonstrated just …
