Authorities announced that a former retail insurance agent with Peabody, Massachusetts-based Kilgore Insurance Agency, along with the agency’s owners, have been ordered to pay more than $3.5 million in restitution and interest for overcharging clients, mostly small business owners, by …
The owners of sewing companies subcontracted by True Religion Brand Jeans were arrested this week on 18 felony counts of workers’ compensation insurance fraud totaling more than $11 million in losses. Businesses Sung Hyun Kim, 57, and her sister Caroline …
American International Group Inc. named Douglas M. Steenland as the insurer’s seventh chairman since 2005, replacing Steve Miller who oversaw the promotion of Peter Hancock to chief executive officer last year. Steenland, the former CEO of Northwest Airlines Corp., will …
Philadelphia Insurance Companies, a Bala Cynwyd, Pennsylvania-based commercial property/casualty and professional liability insurance company for niche markets, promoted Laura Boylan to vice president of Human Resources. The company is also promoting George Shalick to vice president and Julie Perkins and …
City officials in Burlington, Iowa, announced it will be able to build flood walls and other barriers to keep the Mississippi River at bay during flood events. The city has been awarded a $26.2 million grant from the state Homeland …
A New York state appeals court rejected former American International Group Inc. Chairman Maurice “Hank” Greenberg’s bid to dismiss a decade-old lawsuit accusing him of orchestrating an accounting fraud at the insurer. The court found that the New York attorney …
Insurance wholesaler All Risks Ltd. has added three new producers in the South Central region: Zach Burdine in Dallas; Alan Doyle in Houston; and Aaron Ross in New Orleans. Burdine joins the Dallas office as a broker and brings proven …
Target Corp. said it had agreed to reimburse about $19 million to financial institutions that had issued MasterCard-branded cards that were a part of the massive data breach at the retailer in 2013. The amount under the settlement with MasterCard …
Missouri’s highest court has upheld limits to the damages property owners can recover in nuisance lawsuits against agricultural operations. The Missouri Supreme Court ruled in favor of a hog farm in a case where neighbors challenged the constitutionality of a …
Sinkholes will be recognized as threats in the state’s updated hazard mitigation plan. The Daily Comet reports the state is working on a five-year update to its hazard mitigation plan, which must be in place to receive federal money after …
