Monthly Archives: <span>April 2014</span>

Comedian George Wallace Awarded $1.3M in Vegas lawsuit

A Nevada jury has awarded $1.3 million in damages to comedian George Wallace for a leg injury he said he suffered while performing at a Las Vegas Strip resort in 2007. The split decision in a civil negligence and personal …

Tumbleweeds Overrun Drought-Riddled Areas of Colorado

An expected effect of drought has caught parts of the West off guard. Mini-storms of tumbleweed have invaded the drought-stricken prairie of southern Colorado, blocking rural roads and irrigation canals, and briefly barricading homes and an elementary school. The invasion …

Mass. Health Insurer Cuts Narcotic Prescriptions to Combat Abuse

The largest health insurer in Massachusetts has cut prescriptions of narcotic painkillers by an estimated 6.6 million pills in 18 months as part of a campaign to curb abuse. The decline in prescribed opiates including Percocet and Vicodin followed the …

Montana’s Sen. Tester Awarded Big ‘I’s’ Legislator of the Year 2013

U.S. Sen. Jon Tester (D-Mont.) has been named the Gerald Solomon-IIABA Legislator of the Year for 2013 by the Independent Insurance Agents & Brokers of America (the Big “I”). The award was presented Tuesday during the annual Leadership Luncheon, just …

Supreme Court Rejects Appeal of $93M Monsanto Settlement in West Virginia

The U.S. Supreme Court will not hear an appeal of Monsanto Co.’s massive settlement with thousands of West Virginia residents. In an order Monday, justices said they would not review the $93 million settlement reached in the lawsuit. The Charleston …

Alabama Riverboat Owners, Sorority Sued Over Student Drowning

Relatives of a University of Alabama student who drowned after falling from the Bama Belle riverboat during a 2012 sorority party have filed a wrongful death lawsuit. The Tuscaloosa News reported that Tre’ Jones family is seeking at least $10 …

Auto Recalls On Rise Following Toyota-GM Cases

Recall first, ask questions later. After Toyota Motor Corp. and General Motors Co. — two of the largest carmakers — were criticized for dragging their feet before calling back defective models in recent years, automakers are accelerating safety actions. Recalls …

London’s Office Boom Revives Talk of Building Tallest Skyscraper

A plan to build a skyscraper near Liverpool Street railway station, slated to be the tallest in the City of London, may be revived this year as rising occupancy rates in the financial district draws investors, according to Peter Rees, …

Allstate, Merrill Lynch End $167 Million Mortgage Suit

Allstate Corp. and Bank of America Corp.’s Merrill Lynch unit agreed to end a lawsuit by the insurer over $167 million in mortgage-backed securities as the second-largest U.S. lender continues to resolve litigation tied to the financial crisis. The parties …

European Insurers Shifting Investments Into Loan Market, Acting Like Banks: Moody’s

European insurers such as Allianz SE and Axa SA are shifting investments into the loan market, taking business from banks that are being forced to increase capital and meet tougher regulations, Moody’s Investors Service said. The insurance companies are moving …