$16 million The Archdiocese of Milwaukee said it has agreed to pay more than $16 million to settle sexual abuse claims involving 10 victims in California and two priests, one transferred there by the archdiocese. Half the settlement will come …
The family of a woman killed when Comair Flight 5191 took off on the wrong runway at Blue Grass Airport in Lexington, Ky., and crashed in flames has sued the airline, blaming it for the country’s deadliest airplane disaster in …
Although most small business owners know they need property and casualty insurance for their premises, many don’t realize they need specialized insurance coverage to limit their losses from a disaster. Perhaps the biggest omission owners make when buying a commercial …
Marsh & McLennan Cos. Inc., the world’s biggest insurance brokerage, said it will cut 750 jobs, consolidate some locations and revamp its information technology structure to cut costs. Marsh & McLennan, which has struggled with profitability since it changed operating …
Credit memo “The order confirms the Florida Insurance Council’s position that the memorandum is itself a rule as defined in the Administrative Law Code of Florida, and as such, must be promulgated as a rule in order to be enforceable. …
Contrary to the nefarious plots of Catbert, the “evil director of human resources” character depicted in the popular Dilbert comic strip, a study of nearly 20,000 organizations shows that employee incentives really are good for business. Data from 19,319 organizations …
Aon Corporation said it has obtained agreement from five agencies in three states to amend its settlement agreements so that it can accept contingent compensation from an insurer for which Aon is acting as a general agent or underwriter. The …
Georgia Insurance Commissioner John W. Oxendine has fined Safeway Insurance Co. of Georgia $500,000 and given the insurer an ultimatum. Oxendine told the insurer it must: radically adjust its claims practices over the next two years or he will kick …
The five most important things carriers can offer independent insurance agencies are: competitive rates; technology that helps them more easily write business and service customers; a variety of markets and products; competitive commissions and support provided by service personnel via …
Skip Free Advice “Seniors should be wary of unsolicited offers of free advice, especially if they are asked to divulge personal financial information, such as listing their income and assets.” Comment made by Illinois Attorney General Lisa Madigan when she …
