A California jury says a couple should get $74 million for a doctor’s botched delivery of their daughter that resulted in her developing cerebral palsy. Lawyers say the San Luis Obispo County judge will determine the exact amount of damages, …
Petersen International Underwriters has launched a specialty disability insurance plan that features a 10-year benefit period. “Prior to this new plan, the longest monthly benefit period that the market supported was 7 years,” explains Mark Petersen, vice president of marketing. …
MetLife Inc. will pay nearly $500 million in a settlement involving more than 30 states that claimed it didn’t provide life insurance benefits to some of its policyholders, the company said Monday. The largest life insurer in the United States …
Defense contractor ATK Launch Systems Inc. has agreed to pay $36.9 million in cash and services to settle a whistleblower’s complaint alleging the Utah-based company sold the military dangerous and defective illumination flares, the U.S. Justice Department announced Monday. ATK’s …
Connecticut-based health insurance giant Cigna has won a three-year contract to administer the state of Montana’s employee health plan. Cigna and the state announced Monday that Cigna will take over plan management in January 2013, replacing New West Health Services …
Two Idaho midwives have agreed to a $5 million settlement with a couple who sued them for medical malpractice after their baby suffered permanent brain damage, an attorney said. Coleen Goodwin and her daughter, Jerusha Goodwin, reached the agreement to …
Argo Insurance, a member of Argo Group International Holdings, Ltd., will offer a private and pleasure watercraft program through its Commercial Programs unit in partnership with Osprey Special Risks Ltd., a global marine insurance underwriting agent. The program, which launches …
Neace Lukens announced it has completed the acquisition of Matrix Benefits and Consulting Group, a Ft. Wayne, Indiana-based consulting firm. With Matrix’s focus on employee benefits, this acquisition will grow Neace Lukens’ practice and will expand the company’s reach in …
Hastings, Mich.-based property/casualty insurance carrier Hastings Mutual Insurance Co., announced the retirement of Chief Executive Officer and President Bill Wallace. Wallace has served as CEO of Hastings Mutual for 14 years. He also served as chairman of the board of …
Indiana Gov. Mitch Daniels told an entertainment industry group pushing for safer outdoor events that the state has learned from last year’s deadly State Fair stage collapse and is moving to approve emergency rules for outdoor stages. But Daniels conceded …
