Former insurance executive Michael Van Gilder has pleaded guilty to securities fraud in an insider-trading case connected to billionaire Kirk Kerkorian’s 2008 investment in Denver-based Delta Petroleum. According to the Denver Post, Van Gilder admitted Wednesday he traded on details …
A resentencing proceeding for a former doctor convicted in the bombing of the leader of the Arkansas Medical Board left him with his original life sentence but afforded his lawyer a chance to again claim his client is innocent. Randeep …
Oklahoma State University has dropped a lawsuit that sought to recover $33 million in premium payments from a program that insured the lives of certain alumni to provide payouts to Cowboy Athletics. The university said that it will try to …
A Southern California wildfire grew to more than 15 square miles and firefighting crews prepared Friday for another bad day of gusting winds and searing weather. The fire erupted Thursday in the Camarillo area, damaging 15 homes and a cluster …
New Jersey Department of Banking and Insurance Commissioner Ken Kobylowski said on May 1 that New Jersey residents with unresolved non-flood insurance claims related to Superstorm Sandy can have their cases mediated through the American Arbitration Association (AAA). Application forms …
Warren Buffett accumulates Twitter followers even faster than he makes money. The 82-year-old “Oracle of Omaha” joined the service and sent his first tweet on Thursday, picking up more than 45,000 followers in just under 45 minutes. “Warren is in …
Marsh & McLennan Companies Inc. reported Thursday $413 million net income attributable to the company for its 2013 first quarter, up 19 percent from $347 million in the prior year period. The consolidated revenue in the first quarter was $3.1 …
Boston-based Liberty Mutual reported Thursday its net income fell 30.7 percent to $318 million for its 2013 first quarter, compared to $459 million income reported during the prior year first quarter. The company’s quarterly underwriting and operating results both improved …
When New York Attorney General Eric Schneiderman gave up a claim for damages against former AIG chief Hank Greenberg, he also likely neutralized a long-awaited challenge to his office’s power. New York’s highest court is scheduled to hear arguments later …
ACE Limited announced that it has completed the acquisition of Mexican personal lines insurer ABA Seguros from Ally Financial Inc. for approximately $690 million in cash, after a $175 million pre-closing dividend taken by the seller. ACE noted that ABA …
