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

BDO USA Hires Assurance Partner for Insurance Clients in New York

Financial services firm BDO USA, LLP appointed John Green as assurance partner in the Metro New York insurance industry practice.In his new role, Green will be responsible for business development and overseeing assurance engagements for insurance clients in the northeast …

Penn. Commissioner: Washington Slow to Give Guidance on Healthcare Law

Testifying before Congress this week, Pennsylvania Insurance Commissioner Michael Consedine offered a blistering critique of the way the federal government is coordinating the implementation of the Affordable Care Act. In particular, Consedine said the U.S. Department of Health and Human …

Better Than A Stick In The Eye, But Not By Much

A few days back, Florida’s troubled Citizens Property Insurance Corp. announced a plan to “depopulate” its book of business through a program of loans to well-capitalized insurers. On its surface, this idea has a few merits. Depopulation of a residual …

ABC News Sued for Defamation Over ‘Pink Slime’ Reports

ABC News was hit with a $1.2 billion defamation lawsuit on Thursday by a South Dakota meat processor that accused it of misleading viewers into believing that a product that critics have dubbed “pink slime” was unsafe. Beef Products Inc. …

Delaware Eyes Comprehensive School Safety Plans

Gov. Jack Markell is signing legislation aimed at making Delaware’s schools safer. A bill to be signed into law on Monday creates a statewide framework for comprehensive school safety plans known as the Omnibus School Safety Act. The act requires …

In Penn. Lawsuit, ACE Accuses OneBeacon of Poaching Employees

ACE American Insurance Company recently filed a lawsuit against OneBeacon U.S. Holdings Inc. In its lawsuit, filed in Pennsylvania, ACE alleges that OneBeacon poached the entire eight member-team that made up ACE’s East Coast Surety Department. What’s more, ACE charges …

Minnesota Woman Loses Music Downloading Appeal

A U.S. woman accused of sharing songs online owes record companies $222,000 for willful copyright violations, a federal appeals court in Minneapolis, Minn., said reversing a lower court’s ruling in a long-running lawsuit over music downloading. A three-judge appeals panel …

Utility Hit With Lawsuit Over Utah Wildfire

Nearly 100 property owners are suing Rocky Mountain Power and blaming the utility for one of Utah’s largest wildfires this year. The Wood Hollow Fire destroyed 52 cabins or houses in central Utah and left one man dead in June. …

Albuquerque, N.M. To Pay $439,000 To Settle Lawsuit

The city of Albuquerque, N.M. will pay the widow of a murder victim $439,000 to settle a lawsuit alleging that police could have arrested the killer before the 2008 crime. The Albuquerque Journal reported that attorneys for the city still …

Danger in Air Again At Reno National Air Races

The annual air race in Nevada’s Valley of Speed has a new name. Fans returning to see vintage World War II fighter planes streak across the sky will sit farther away. And a redesigned course poses less risk as pilots …