The Virginia Supreme Court has recently granted rehearing of a closely followed legal case involving global warming, The AES Corp. vs. Steadfast Insurance Company. The court says its previous decision on the case has been “set aside.” On Jan. 17, …
Penn State’s insurer wants a judge to determine if it has to provide coverage or pay for defense costs in a lawsuit over alleged child sex abuse by former football coach Jerry Sandusky, a newspaper reported Wednesday. The complaint filed …
The Pennsylvania Insurance Department has approved a 5.7 percent decrease in overall workers’ compensation costs that will result in $160 million in savings for Pennsylvania employers. Regulators said employers can expect a 5.7 percent rate decrease, on average, in 2012. …
Zurich has promoted industry veteran Sabrina Hart to chief underwriting officer for Global Corporate in North America. Hart replaces Paul Horgan who is relocating to Switzerland to become global head of group reinsurance. She will continue to be located in …
Broad metrics of worker’ compensation costs show that Virginia is a lower cost state, largely due to a lower frequency of claims, according to a new report. But the report from the Workers Compensation Research Institute (WCRI) also found that …
Pfizer Inc. is recalling 1 million packets of birth control pills because of a packaging error that could leave women with an inadequate dose of the hormone-based drugs and raise the risk that they will get pregnant accidentally. The news …
Markel Corporation reported $52.3 million for its 2011 fourth-quarter net income, down 62.8 percent from one year ago when the specialty insurer posted $140.4 million. For the 2011 full-year, Markel posted net income of $148.5 million, down 44 percent from …
Diederich Healthcare has expanded its coverage area to include physicians practicing in New Jersey. The expansion offers additional coverage options to physicians in the state through Positive Physicians Insurance Exchange (PPIX), a fully admitted New Jersey carrier. “This expansion is …
An Eastman Kodak employee filed a civil lawsuit against Kodak’s board members and other fiduciaries of the photography companies’ retirement plans, saying they breached their duties as the company was spiraling toward bankruptcy. Mark Gedek, who continues to work at …
People in five counties and the city of Fredericksburg who lost jobs as the result of a powerful Aug. 23 earthquake face a deadline this week. The Thursday deadline is to file for disaster unemployment assistance. Besides Fredericksburg, residents of …
