An 85-year-old man who lost part of his leg after a public bus hit him in a Southern California crosswalk settled a lawsuit Monday for $15 million – just before a jury reached a verdict that would have given him …
Allstate Insurance Co. received a judgment of more than $7 million following a Racketeering Influenced in Corrupt Organizations investigation nearly 10 years in the making. It is the company’s first medical fraud lawsuit in the state. “Medical insurance fraud affects …
Monitor Liability Managers has launched a new executive liability insurance suite of coverages for privately held companies called ExecSuite. With ExecSuite, businesses can choose the coverage that best suits their needs. Choices include: directors, officers and corporate liability; employment practices …
U.S. farmers who were prevented from planting by rain this year filed crop-insurance claims on six times more land than last season, the government said. Farmers filed claims on 8.213 million acres of grains, oilseeds, cotton and sugar as of …
Chicago-based CNA Financial Corp. has promoted Drew Cadelli to vice president, inland marine. For the past two years, Cadelli was the inland marine zone leader supporting the Mid-Atlantic and Northern zones. Cadelli started his career with The Hartford and held …
Ohio’s widespread severe thunderstorms on July 10 that included flooding and three tornadoes caused between $71.5 and $84.8 million in insured losses, according to insurance industry estimates. Excessive rain during the previous two weeks combined with the high winds of …
Using Facebook Inc.’s “Like” feature to show support for a candidate in an election is speech protected under the U.S. Constitution, a federal appeals court said, handing a victory to the social networking company which argued such protection is vital …
Arthur J. Gallagher & Co. has acquired Belmont International, located in Kent, England. Terms of the transaction were not disclosed. Established in 1988, Belmont is a risk management advisor and insurance broker that provides both retail insurance and employee benefits …
A Washington County, Mississippi man has been charged with three counts of insurance fraud involving property claims. Attorney General Jim Hood said in a news release that 31-year-old Oliver Johnson of Greenville was being held in the county jail earlier …
A coalition of Florida business and consumer groups is objecting to the state-backed property insurer providing coverage for 180,000 individuals who reside outside of the state and, in some cases, the country. The Stronger Safer Florida Coalition has taken aim …
