BP has paid more than $1.5 million in claims arising from a recall in multiple Midwest states of incorrectly formulated gasoline that damaged some vehicles’ mechanical components. The Times of Munster reports information BP sent to Indiana’s attorney general says …
Transocean Ltd. is in discussions with the U.S. Justice Department to pay $1.5 billion to resolve civil and criminal claims from the 2010 Deepwater Horizon oil spill in the Gulf of Mexico, the Swiss-based company said on Monday. Parties have …
CBIZ Inc. has acquired the assets of Trinity Risk Advisors Inc. of Atlanta, Georgia, a specialty brokerage firm providing primarily medical malpractice insurance to the healthcare industry and insurance to the transportation industry CBIZ said Trinity is expected to add …
Commercial insurance prices experienced the largest rise in eight years, a new industry survey reveals. In aggregate, commercial lines pricing jumped by 6 percent during the second quarter of 2012, the sixth consecutive quarter aggregate prices rose for all commercial …
The New York finance company iStar Financial Inc. has reached a $29 million settlement of a lawsuit accusing it of concealing the impact of deteriorating credit market conditions from investors who participated in a 2007 stock offering. About $27 million …
Marsh & McLennan Agency LLC (MMA) has acquired Rosenfeld Einstein, a $9 million property/casualty and employee benefits agency based in Greenville, South Carolina. Terms of the transaction were not disclosed. With roots dating back to 1933, Rosenfeld Einstein offers property/casualty …
If a store sells ammunition to an underage person who uses the bullets to kill someone, is the retailer responsible? Not necessarily, according to the Mississippi Supreme Court. The court ruled 5-4 this week in favor of Wal-Mart. The lawsuit …
Survivors of a series of earthquakes that killed 81 people and injured more than 800 in a mountainous area of southwestern China were desperately waiting for more aid to arrive Sunday as jolting aftershocks kept fears high and hindered rescue …
Hurricane-prone Florida’s insurer of last resort, state-run Citizens Property Insurance Corp. on Friday approved a plan to provide up of $350 million in sweetened loans to private companies willing to take over policies. A state legislator denounced the plan by …
A lawsuit claiming U.S. securities regulators were negligent in failing to respond earlier to Allen Stanford’s $7 billion Ponzi scheme can go forward for now, a federal judge ruled in Florida on Friday. U.S. District Judge Robert Scola rejected the …
