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

AIG, Prudential Financial on Federal Reserve’s List of 15 Firms for Extra Supervision

The Federal Reserve released a list of 15 firms that merit an extra layer of supervision because they pose heightened systemic risks, including JPMorgan Chase & Co. and Bank of America Corp. The tally published on the Fed’s website today …

1966 Red Mustang Returned to Owner 20 Years After Being Stolen

Betsy Montgomery, drove the same car on her 55th birthday that she drove as a 15-year-old living in south Jackson, Mississippi — a 1966 red Mustang that her dad bought from the original owner in 1973. How she got the …

Coal Companies Challenge Black Lung Mining Regulation

More than a dozen coal companies, including a unit of Patriot Coal Corp., challenged a new federal mine-safety regulation aimed at reducing black lung disease, with some arguing the objectives are unattainable. The companies today asked for a review of …

Florida Revises Insurer Solvency Review Process

The Florida legislature has approved legislation setting out new insurer solvency requirements while also requiring individuals to disclose information about any affiliated company. Sponsored by Senator David Simmons (R-Altamonte Springs) and Representative Clay Ingram (R-Pensacola), the bill (SB 1308) closely …

AG Comes Down On Washington Business For Asbestos Training

Two Tacoma business owners entered guilty pleas on Friday in Pierce County Superior Court after Washington Attorney General Bob Ferguson leveled multiple charges against them for allegedly selling substandard asbestos worker training courses and certifications. The business is Environmental Management …

California Water District Heads to Private Market in Face of Insurance Loss

It’s beginning look more and more like the Central Basin Municipal Water District in Southern California is going to be taking matters into its own hands in the face of being tossed out of the state’s largest insurance pool for …

Snowpack Survey Gives Bleak Summer Outlook for California

With summer approaching state water managers say California’s snowpack is at 18 percent of average for the date. The Department of Water Resources on Thursday said the season’s final survey of the Sierra Nevada snowpack found more bare ground than …

Auto Accident Insurance Scheme Busted in New Jersey; 12 Facing Charges

A doctor, a lawyer and two chiropractors are among 12 people facing charges stemming what authorities say was a scheme in New Jersey to recruit motor vehicle accident victims as patients. New Jersey Acting Attorney General John Hoffman’s office says …

R.I. Issues Consumer Alert on Ridesharing Services, Insurance Implications

Rhode Island’s insurance regulators issued a consumer alert bulletin this week, highlighting insurance coverage issues and requirements surrounding ridesharing services. “[R.I. Department of Business Regulation, Insurance Division,] issues this bulletin to highlight potential insurance implications for Rhode Island residents participating …

Worker Death Rate in North Dakota Highest in U.S.: AFL-CIO

The nation’s largest labor federation says North Dakota continues to have the highest worker death rate in the U.S., with 17.7 fatalities per 100,000 employees in 2012. The data comes from an AFL-CIO report slated to be released next week. …