Yet another Northern California ski resort is closing early due to a lack of snow amid the state’s historic drought. Sugar Bowl resort near Truckee in the Sierra Nevada says Sunday will be the last day of the season. Officials …
A California judge dismissed a lawsuit by Herbalife shareholders who claimed that the business structure and marketing practices of the weight loss and nutritional supplements company violated the law and that they lost money because it amounts to a pyramid …
The U.S. Supreme Court is being asked to decide whether people who suffer harmful vaccine side effects should have an easier time winning compensation from the government. Congress created what’s known as the vaccine court in 1986, setting up a …
The Bank of England said on Friday that it would apply new European Union insurance regulations “proportionately,” following industry fears that the central bank might seek to add extra rules for companies based in Britain. The so-called Solvency II rules, …
Putting technology that prevents drunk drivers from starting a vehicle into every car and truck in the U.S. could save 59,000 lives and $343 million over 15 years, according to a University of Michigan study. U-M’s Injury Center and Transportation …
ACE Group says it is strengthening its global primary casualty offering with an expanded service platform designed to protect the multinational business activities of Canadian companies. ACE Risk Management Global Casualty is providing a dedicated team of underwriting professionals and …
A.M. Best has affirmed the financial strength rating (FSR) of A- (Excellent) and the issuer credit rating (ICR) of “a-” of Third Point Reinsurance Company Ltd. (TPRCL) (Bermuda) and Third Point Reinsurance (USA) Ltd. (TPRUSA) (Bermuda). A.M. Best also has …
The UK’s Managing General Agents’ Association (MGAA), has announced a much needed initiative to find and promote “young talent” in the insurance industry. It’s specifically aimed at recognizing and developing young talent in the MGA sector. The MGAA said its …
A former state mine inspector has pleaded guilty in federal court to taking bribes from former Kentucky lawmaker Keith Hall. Kelly Shortridge agreed to a plea that was filed in court on Wednesday. It says Shortridge, who worked for the …
Two traffic court judges in Broward County, Fla., have dismissed some 24,000 pending red-light camera ticket cases totaling more than $6.3 million. The judges ruled this week that the program violates Florida law. Attorney Ted Hollander of Ticket Clinic told …
