Health insurer WellPoint Inc. has agreed to pay $90 million to settle a class-action lawsuit against its Anthem unit over accusations the company did not fairly compensate former members when Anthem was converted from a mutual company into a stock …
The state’s total cost of recovering from Tropical Storm Irene is estimated at $733 million, and the federal government is expected to pay about three-quarters of that amount, Administration Secretary Jeb Spaulding said on June 14.About $486 million is to …
Rancho Cordova, Calif.-based WIAA Insurance Services, the agency arm of the Western Insurance Agents Association (WIAA), has expanded its carrier portfolio with the State Compensation Insurance Fund, of California’s largest provider of workers’ compensation insurance. The appointment not only offers …
Newport Beach, Calif.-based Alliant Insurance Services got favorable rulings from a U.S. District Court in California in its litigation against Aon Corp. and its subsidiaries. In June 2011, Alliant joined with former Aon employees Peter Arkley, Ken Caldwell and Michael …
Facebook Inc. and its lead underwriters Morgan Stanley, Goldman Sachs Group Inc. and JPMorgan Chase & Co. have requested that shareholder lawsuits over its $16 billion initial public offering be grouped together in Manhattan federal court. In court papers filed …
New York-headquartered Marsh & McLennan Companies Inc. said its Oliver Wyman management consulting unit appointed Ana Kreacic as chief knowledge officer.In her role, Kreacic will develop and implement Oliver Wyman’s research and knowledge management initiatives and will lead the firm’s …
The Maryland Insurance Administration said Thursday that regulators collected $2,022,805 in penalties from American International Group as part of a multi-state settlement.The agreement was reached following allegations that AIG under-reported its workers compensation premiums for decades. In Maryland, premiums determine …
Some federal funds are due out this summer for Vermont towns hurt by Tropical Storm Irene.Ray Doherty of Vermont Emergency Management tells Vermont Public Radio the funding will be delivered first to towns, and then to homeowners.
Arizona transportation officials are getting the message out about dust storm safety – in precisely 17 syllables. The Arizona Department of Transportation is encouraging Twitter users to tweet haikus around the theme safe driving in haboobs – severe dust storms …
Gov. Neil Abercrombie says Hawaii is the first state to declare its intent to develop a state-based insurance exchange, a key component of federal health care overhaul. The Obama Administration’s health care reform law calls for states to establish exchanges …
