Yearly Archives: <span>2013</span>

Federal Court Rules Delaware Business Court’s Private Arbitration Is Unconstitutional

Delaware’s legal industry suffered a blow when a federal court found on Wednesday the state violated the U.S. Constitution with its novel system of allowing judges to arbitrate private business disputes, which critics called secret trials. The U.S. Court of …

North Carolina, Florida Among States With Most Reported Heavy Equipment Thefts

A report this month from the National Insurance Crime Bureau (NICB) shows five of the top 10 states nationwide with the most reported heavy equipment thefts are from the Southeast region. In NICB’s “Equipment Theft Report,” published on Oct. 10, …

Top 30 Homeowners Insurers Q2 2013: SNL Financial

Flood Insurance Price Increases Affecting Home Sales

Rangel Dockery and her husband bought a waterfront house in Florida four months ago, assuming their $2,000-a-year flood-insurance premium would remain about the same. After reading recently about a change in the federal flood program, they checked on next year’s …

New Jersey’s Second Homeowners Stuck in Limbo a Year After Sandy

The Jersey shore’s small vacation bungalows and cottages have for decades staked out little plots of paradise where families who scrimped and saved could while away summer evenings, parents having drinks on the deck and kids working the ice cream …

Jury Finds Bank of America Liable for Countrywide Mortgage Fraud

Bank of America Corp. was found liable for fraud on Wednesday over defective mortgages sold by its Countrywide unit, a major win for the U.S. government in one of the few trials stemming from the financial crisis. After a four-week …

Bill to Curb ‘Patent Trolls’ Introduced in Congress

A U.S. congressman, who has led the charge against frivolous patent infringement lawsuits, introduced a bill on Wednesday to curb the behavior of so-called “patent trolls” but faced criticism that some of the proposals go too far. The bill from …

After JPMorgan $13B Deal, Banks Seek Protections in Future Bailouts

As the U.S. government closes in on a $13 billion settlement with JPMorgan Chase & Co. over its mortgage practices, lawyers specializing in bank mergers are looking for ways to protect their clients from big losses in similar cases in …

Maryland’s Chesapeake Employers Promotes Dreher to Director of Underwriting

Chesapeake Employers’ Insurance Company, formerly IWIF, recently announced that Joanne Dreher has been promoted to director of underwriting.In this new position, Dreher is responsible for the operational effectiveness of the underwriting department and ensures the department works toward achieving the …

Senate, House Negotiators Tackle Farm Bill, Crop Insurance

U.S. Senate and House negotiators, who will begin working on a compromise farm bill on Oct. 30, face a major fight over proposed deep cuts in food stamps for the poor. The leaders of the House and Senate Agriculture committees …