November 20, 2013
The Oregon Court of Appeals has rejected a constitutional challenge to Oregon’s Right to Farm law, but parties to the case say the question isn’t resolved. The Capital Press agricultural publication reported the Right to Farm law protects farmers from …
November 20, 2013
The Blackfeet tribe’s housing agency in Montana is suing the U.S. government for more than $1.2 million over damage to homes that were flooded in 2011, with the tribe claiming the government was responsible for a clogged drainage system. An …
November 20, 2013
A former councilman from the eastern Idaho town of Rigby has been sentenced to 150 days in jail and 10 years of probation for insurance fraud. The Post Register reported Lawrence Blackburn was sentenced on Monday. Prosecutors said he defrauded …
November 20, 2013
The insurance company that paid $2.4 million to cover losses from a wind farm fire in Hawaii is suing manufacturers that built parts of its battery system. The Honolulu Star-Advertiser reported Certain Underwriters at Lloyd’s London paid to cover losses …
November 20, 2013
Federal Reserve Vice Chairman Janet Yellen said the central bank will “carefully consider” how to apply new regulatory standards to insurance companies that fall under the central bank’s supervision. The Dodd-Frank Act gives regulators the authority to place insurance companies …
November 20, 2013
Zurich Insurance Group AG is selling its entire stake in New China Life Insurance Co. for $943 million, or HK$25 a share, according to the terms of the deal obtained by Bloomberg News. Switzerland’s biggest insurer is offering 292.5 million …
November 20, 2013
The world is getting further off track in limiting global warming with setbacks in Japan and Australia outweighing positive signals from the United States and China, a study showed on Wednesday. A Climate Action Tracker compiled by scientists said the …
November 20, 2013
Allianz SE, Europe’s biggest insurer, said markets such as Asia, Brazil and eastern Europe as well as products that protect against cyber risks will increase revenue at its industrial insurance unit. “New products such as cyber-risk protection and coverage for …
November 20, 2013
A day after Tower Group International Ltd. disclosed “substantial doubt about the company’s ability to continue as a going concern,” the insurer’s CEO issued a letter seeking to reassure business partners that it will meet its obligations, Carrier Management has …
November 20, 2013
Texas Mutual Insurance Co. reported that a Travis County district court sentenced Terrance Hopkins of Tyler on workers’ compensation fraud-related charges. The court sentenced Hopkins to one year of deferred adjudication and ordered him to pay $3,673 in restitution to …