The state has agreed to settle a lawsuit with a whistleblower who accused the New Mexico Department of Health of nepotism and financial irregularities. The Albuquerque Journal reported that under a settlement agreement made public last week, former state Department …
A Delaware law allowing Court of Chancery judges to preside over secret arbitration in business disputes is unconstitutional, a federal judge ruled last Thursday. The ruling came in a lawsuit filed by the Delaware Coalition for Open Government, which argued …
Marsh & McLennan Companies Inc. has appointed J. Michael Bischoff as chief financial officer, effective immediately. Bischoff will report directly to the company’s president and CEO, Brian Duperreault.Bischoff had been serving as interim CFO since March 2012 when then-CFO Vanessa …
Rates for personal lines insurance rose 3 percent in August 2012 compared to rates in August 2011, reported the national property/casualty insurance exchange MarketScout. “Homeowners rates increased by 3 percent on high, moderate and low value homes,” said Richard Kerr, …
Louisiana’s 3rd Circuit Court of Appeal has upheld a $257.7 million jury verdict in a lawsuit brought by Attorney General Buddy Caldwell against Janssen Pharmaceutical and Johnson & Johnson for defrauding the state’s Medicaid program, the attorney general’s office announced. …
A Florida state senator is demanding that executives of the state-backed property insurer be questioned after expense reports showed that they spent thousands of dollars on travel and related expenses. Florida Senator Mike Fasano (D-New Port Richey) sent a letter …
An August survey suggests that the continuing drought and lessening export demand for U.S. products are among the drains on the economy in nine Midwest and Plains states, according to a report released Tuesday. The Mid-America Business Conditions Index remained …
State records suggest higher interstate speeds have proved fatal for more Iowa motorists. The Des Moines Register reports that rural interstate fatalities are up about 10 percent since the speed limit was raised to 70 mph from 65 mph. Iowa …
A former insurance agent in Creek County has been charged with four additional felonies after an investigation by the Oklahoma Insurance Department (OID). Donna Parrick, of Depew, is charged with two counts of Exploitation of an Elderly Person and two …
Certificates of Insurance. Certificates are probably the most frustrating aspect of processing commercial insurance today. A blog is not the place to detail the entire universe of certificate E&O exposures and thankfully, Bill Wilson has written a great manual available …
