Yearly Archives: <span>2013</span>

D.C. Insurance Commissioner Dismissed After Questioning Obamacare Fix: Reports

Washington, D.C.’s commissioner for the department of insurance, securities and banking, William P. White, was dismissed last Friday, a day after questioning the White House’s proposal to let health insurers extend policies canceled under the healthcare reform law, according to …

Builder Claims Drilling Rights Under 2,500 Florida Homes: Report

When Mallory and Zach Sinclair were looking for their first home, they swooned over a new townhouse in the Brandon, Florida subdivision of Whispering Oaks. With well-manicured lawns, it looked fresh and untouched, with streets bearing pastoral names like Spring …

Zurich Insurance Boosts Investment in Clean Energy Bonds

Zurich Insurance Group AG, Switzerland’s biggest insurer, said it will spend as much as $1 billion on green bonds, making it the largest investor in such clean-power securities. The insurer has appointed BlackRock Inc., the world’s biggest money manager, to …

Supreme Court Poised to Decide Future of Securities Class Actions

The U.S. Supreme Court accepted a case with the potential to transform securities litigation, agreeing to reconsider a precedent that has served as the foundation for shareholder suits for the past 25 years. The Halliburton Co. appeal asks the court …

Atlas General Insurance Services, LLC Expands Marketing Team

San Diego, CA, 11/18/13 – Atlas General Insurance Services, LLC, a national multi-line program manager, is pleased to announce two new additions to the Knoxville dedicated marketing team. The Knoxville office welcomes Shane Cosey of Suwanee, Ga. and Nick Seago …

Tower Restating Prior Financials; ‘Going Concern’ Status in Doubt

Tower Group International Ltd. announced Nov. 14 that it is restating previously filed audited annual consolidated financial statements for 2011 and 2012, which are contained in Tower’s March 31, 2013 10-K annual report for 2012. Such financial statements “should no …

Philippine Disaster Fuels Call for Rich Nations to Compensate Poor for Global Warming Losses

The typhoon that killed thousands of people in the Philippines has energized debate about whether rich nations should compensate poor ones for climate-related losses, a proposal the U.S. and European Union are resisting. Some 130 countries, including islands concerned they’ll …

Arizona Legislator’s Close Call in I-10 Dust Storm Prompts Call for Action

An Arizona legislator had a narrow escape on Interstate 10 in November during a dust storm in Pinal County when chain-reaction collisions killed three people. State Sen. Steve Farley was driving back to Tucson after a meeting in Phoenix when …

Sutter to Pay $46M To Settle California Anesthesia Case

One of California’s largest hospital chains has agreed to pay $46 million to settle allegations that its method for billing for anesthesia services was false and misleading. Sutter Health’s decision to pay came as a trial was scheduled to start …

California Insurance Broker Sentenced For Scamming Tom Hanks

A Southern California insurance broker who overcharged Tom Hanks and his wife, Rita Wilson, hundreds of thousands of dollars has been sentenced to more than two years in federal prison. City News Service says Jerry Goldman received a 27-month sentence …