A jury has awarded $14.6 million to seven people hurt in an explosion at a now closed ConAgra Slim Jim factory in Garner, North Carolina. The News & Observer of Raleigh reported that a Johnston County jury gave more than …
Shrimp processors have asked a federal judge to delay preliminary approval of BP Plc’s proposed settlement of economic damage claims from the 2010 Gulf of Mexico oil spill, arguing that it is unfair to parts of the shrimp industry. The …
U.S. military personnel have 13 percent more car accidents in which they are at fault in the six months after returning from overseas duty than in the six months prior, a USAA study revealed on Tuesday. USAA, a major insurer …
In a special report A.M. Best summed up the financial position of the global reinsurance industry as “resilient” in light of “the volatile economic conditions and the frequent and severe loss events of 2011.” Best pointed out that the only …
Standard & Poor’s revised its outlook on Argentina’s sovereign debt rating to negative from stable on Monday, citing policies that include a government push to seize control of energy company YPF from Spain’s Repsol. President Cristina Fernandez announced the YPF …
Q1 2012 Q1 2011 Net premiums written ———— $143.66 mn $194.78 mn Net premiums earned ———– $138.21mn $182.88 mn Net income (loss) —————— $53.287 mn ($157.19 mn) Net Operating income (loss) —– $32.778 mn ($154.81 mn) Investment gains —————— $22.34 …
California’s State Compensation Insurance Fund is cancelling plans to lay off hundreds of workers, the Sacramento Bee is reporting. State Fund President and CEO Tom Rowe issued a message to staff that stated 1,300 workers have left since the state’s …
MetLife Inc., the largest life insurer in the United States, will pay $500 million to settle a multi-state investigation into claims payment practices, the office of California’s state controller said on Monday. The investigation related to the use of the …
An Arkansas doctor convicted in a bombing that nearly killed the head of the state medical board lost a separate wrongful death case on April 20 and was ordered to pay $300,000 to family members of a former patient who …
A Flagstaff, Ariz., man who continued to collect insurance premiums from small business owners even though his license was revoked has been sentenced to three years in prison. The Arizona Attorney General’s Office says 33-year-old Jeffery Ray Capshaw was sentenced …
