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

Abuse Suit Against Massachusetts Private School Setttled

An exclusive western Massachusetts private school has settled a lawsuit brought by a former student who said she was sexually assaulted by a teacher when she was 16 and that the school did nothing about it. A spokeswoman for the …

More in West Virginia Accept Flood Property Buyouts

Another 33 property owners in a flood-prone Berkeley County, West Virginia community have agreed to government buyouts. The buyouts will give the county title to a total 116 parcels in Sportsman’s Paradise along the Potomac River. Litter control and code …

Wealthy Americans Fear Costly Lawsuits

America’s wealthiest families increasingly worry that their wealth alone makes them a prime target for a high-stakes liability lawsuit in this uncertain time of high unemployment and tepid economic growth, according to a new insurance company report. But many wealthy …

New Hampshire Bill Addresses Landowners’ Liability for Recreational Use

A lawsuit by a hunter seriously injured when a tree stand he was using collapsed has again prompted legislation to protect New Hampshire landowners from similar suits. The House could vote this week on a bill that says any landowner, …

BP Gulf Oil Spill Settlement Includes Medical Claims Process

A settlement that BP is hammering out with victims of the massive Gulf oil spill finally provides a system for monitoring health concerns and compensating people whose illnesses are found to have a link to the disaster. Government and university …

Protective Specialty Launches E&O Products for Insurance Agents

Protective Specialty Insurance Co. has launched a pair of new errors and omissions products for insurance agents. One product will cater to life insurance agents, and the other will be tailored to property/casualty agents. Both products are designed for retailers, …

FAA Seeks Fines Against Colgan Air Over New York Crash

Colgan Air failed to provide adequate rest breaks for crews on some flights within seven months of a 2009 crash near Buffalo, New York, that killed 50 people and raised questions about tired pilots, regulators said on Friday. The Federal …

Supreme Court Weighs If Firms Can Be Sued Over Human Rights Abuses Abroad

The U.S. Supreme Court said on Monday it would hear arguments next term on whether an 18th century U.S. law can be used to sue multinational corporations or others in American courts for alleged human rights abuses committed abroad. The …

Markel International Acquires UK Managing Agent Quay Underwriting

Markel International announced from its London headquarters that it has acquired the portfolio of business of Quay Underwriting (QU), a managing agent based in Dorset. Markel said QU “provides a wide range of insurance products for fine art and collectables, …

Best Affirms Endurance Specialty and Subs ‘A’ Ratings; Outlook Stable

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Bermuda-based Endurance Specialty Insurance Ltd. and its affiliates. Best also affirmed the ICR of “bbb” and debt ratings of …