The Federal Emergency Management Agency says it is giving the city of Minot about $2.1 million for the first phase of a project to protect the city’s water treatment plant with a floodwall. FEMA says the $2.7 million first phase …
A federal appeals court has upheld a ruling against Oklahoma State University‘s athletic fundraising arm and its top booster, T. Boone Pickens, in their attempt to recover life insurance premiums in a fundraising plan. The 5th U.S. Circuit Court of …
The Illinois House has rejected a measure that would require $1 million in liability insurance for people carrying concealed weapons. Lawmakers voted 34-74 against Rep. Kenneth Dunkin’s plan. It was among seven amendments on gun issues that legislators debated Tuesday …
Louisiana Insurance Commissioner Jim Donelon said it’s premature for the state property insurer of last resort to borrow $100 million to help close a budget gap, according to a letter released March 19. Donelon’s assessment came after the board for …
Among small business owners in New York, New Jersey and Connecticut who were impacted by Superstorm Sandy, some 71 percent of them experienced power outage after Sandy, which led to temporary disruptions in business operations in many cases, according to …
ACE Commercial Risk Services, the U.S.-based small business insurance division of the ACE Group, has introduced a portal for U.S. brokers working with small- to-mid-sized U.S.-based companies doing business overseas. The portal, www.ACEAdvantage.NET, offers rating, quoting, binding, and issuing for …
A.M. Best Co. has upgraded the financial strength rating to ‘B’ (Fair) from ‘B-‘ (Fair) and issuer credit rating to “bb+” from “bb-” of Alabama-based American Resources Insurance Company Incorporated (ARIC), both with stable outlooks. Best said the “rating upgrades …
Goldman Sachs Group Inc. on Thursday won a U.S. court order allowing it to send a former employee’s gender discrimination dispute to arbitration, rather than being forced to defend against her claims in a class action. In ruling for Goldman, …
Gowrie Group, an independent insurance agency based in Westbrook, Conn., appointed Kiley Prime as a personal lines and equine insurance specialist. She resides in Newport, R.I., and will service clients from the Newport and Westbrook, Conn., offices. In her new …
The widow of a veteran Oakland Tribune journalist who was struck and killed by a San Francisco Muni train four years ago has been awarded a $900,000 wrongful death settlement. The San Jose Mercury News reported the Municipal Transportation Agency’s …
