A federal appeals court reversed itself this week and threw out a judge’s landmark ruling that the Army Corps of Engineers was liable for billions of dollars in Hurricane Katrina flood damage that property owners blame on the corps’ maintenance …
Following Lloyd’s release of its composite results for the first six months of 2012 – a £1.53 billion [$2.4 billion] profit – Lloyd’s chief executive Richard Ward was understandably pleased. In a telephone interview he explained that the figures are …
Most employers are reevaluating their retiree health care strategy and are considering strategies that open access to the individual Medicare plan market through health care exchanges, according to a new survey by Aon Hewitt, a human resources firm. The company …
Last October, Keith and Christy Wolfram of Sicklerville, N.J., were given quite a scare when Peanut, their dachshund-terrier mix was found buried alive in the dirt beneath their deck following a scuffle with a skunk. Nearly a year later, that …
If insurance industry chief information officers were given a sum, say $5 million, where would they spend it? Travel? Investments? Toys? Nope. They’d spend it on data and analytics. A study by Novarica, a research and advisory firm, took that …
The cost of homeowners insurance claims has been rising rapidly because of the combined effects of rising claim severity and increases in claim frequency, according to an insurance industry report. A new Insurance Research Council (IRC) study of homeowners insurance …
Kanawha County, West Virginia, officials are refusing to give taxpayer funds to five volunteer fire departments that haven’t shared their financial statements with the County Commission. The commission voted last year to check financial data before releasing county funds to …
When Sheila Bair showed up for a meeting in then-Treasury Secretary Hank Paulson’s office in October 2008, the bank regulator had no idea she was about to be asked to guarantee the debts of the entire $13 trillion U.S. banking …
A U.S. judge has certified a class action lawsuit against Costco Wholesale Corp. over allegations of gender discrimination in the store’s promotion practices. Three women plaintiffs say Costco’s promotion system has a disparate impact on women employees who seek advancement …
Hundreds of former Chrysler LLC executives claiming they lost retirement benefits because of age bias can sue the company’s former parent Daimler AG, a U.S. appeals court ruled on Tuesday. More than 450 former auto executives have said they lost …
