The architect of compensation for victims of last year’s deadly Indiana State Fair stage collapse says he believes the state was “exceedingly fair” with victims. Victims’ compensation specialist Kenneth Feinberg tells The Associated Press that officials had limited resources to …
A former lawyer in Missouri’s St. Louis County is going to prison after embezzling nearly $500,000 in insurance settlements from dozens of clients. The U.S. Attorney’s office says 53-year-old Jonathan McKee was sentenced to five years in federal prison. He …
A recently divorced executive accused of mishandling employees’ insurance funds fired on police at his home in a wealthy Detroit, Mich., suburb, killing one officer and precipitating a 20-hour armed standoff that ended with the suspect dead in a weapons-strewn …
Florida’s state-backed property insurer is considering for the first time whether to invest in private insurers to the tune of $350 million, with the hopes these insurers would then take up to 300,000 policies. The move is an attempt by …
Two years after the worst offshore oil spill in U.S. history, mats of oily tar from BP Plc.’s ill-fated Macondo well have turned up on Louisiana’s shore after Hurricane Isaac stirred up submerged oil deposits, BP officials said on Tuesday. …
Delaware Insurance Commissioner Karen Weldin Stewart beat out three challengers in yesterday’s Democratic primary. Of some 47,602 votes cast statewide, Commissioner Stewart won 15,590 votes — representing 32.7 percent of the total votes cast, according to results posted last night …
A federal judge says a trucking company’s insurer must cover some of the claims associated with the spill of a sticky goo over a 40-mile stretch of the Pennsylvania Turnpike last year. U.S. District Judge Joy Flowers Conti said last …
The state Supreme Court is set to discuss a court system for business-related lawsuits. An announcement was scheduled for Tuesday afternoon in the Supreme Court chambers in Charleston. Earlier this year the court asked for the public’s comment on the …
The Internal Revenue Service on Tuesday assured congressional lawmakers that agents would play no role in enforcing the controversial requirement that Americans buy insurance under President Barack Obama’s healthcare overhaul. “IRS revenue agents will not be involved. There will not …
Banks must change a culture of paying staff commission on sales and put less focus on short-term profits in order to repair their battered reputations, the new chairman of British bank Barclays said on Wednesday. “It’s very important we see …
