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BP Shareholder Sues, Alleging Mismanagement of Oil Spill

A BP Plc shareholder in Alaska Thursday sued the corporation’s chairman and board members, alleging the officials’ mismanagement led to the disastrous Deepwater Horizon rig explosion and spill and have devalued BP stock. The lawsuit, filed in Alaska Superior Court …

Insurance Veterans Open McManus Agency in Medina, Ohio

Longtime insurance industry professionals Ryan and Roger McManus recently announced the opening of the McManus Agency in Medina, Ohio. President Ryan McManus and Director of Operations Roger McManus, are both experienced veterans of the property/casualty insurance industry. Ryan McManus began …

Wall Street Banks Handed Setback in ‘Hot News’ Copyright Case

Three Wall Street banks suffered a legal setback when a federal appeals court in New York put on hold a ban on financial news service Theflyonthewall.com Inc. from quickly reporting “hot news” about their analysts’ research. The ruling by the …

California City Seeks Liability Limit in Death of Young Lifeguard

An insurance company has asked a federal court to limit liability by the city of Huntington Beach in the death of an 11-year-old girl who was killed during a junior lifeguard drill. Attorneys with Navigator’s Insurance filed a petition last …

Safety Grate Rule May Close North Carolina Pools

A federal safety law has led some North Carolina counties to close their public pools and could keep hundreds more from opening this summer. The News & Observer of Raleigh reported that state officials are enforcing the Virginia Graeme Baker …

Forecasters Expect Below Average Hurricane Season for Central Pacific

Weather forecasters said this week that a below-average total of two to three hurricanes are likely to pass through Central Pacific waters this year as ocean surface temperatures cool. But only one hurricane needs to hit land to cause damage, …

Crane Company Admits Bribing New York City Inspector

A construction-crane company admitted Tuesday that it paid off a top city inspector to shortcut safety inspections and licensing exams in a case that helped heighten scrutiny of the towering machines that help build a city of high-rises. Nu-Way Crane …

CCIR Commends EU for Opposing US Reinsurance Proposals

The Coalition for Competitive Insurance Rates (CCIR) has issued a bulletin commending the European Union for “speaking out against a controversial tax proposal on affiliated reinsurance included in President Obama’s FY2011 budget proposal. In a series of letters sent to …

American Express, BOLT Insurance Create Small Business Service

American Express OPEN, the small business division of the financial services company, in conjunction with BOLT Insurance Agency has created InsuranceEdge, which was designed to help small business owners research, review, compare and purchase commercial insurance for their business needs. …

John M. Glover Agency Acquires APS San Angelo in Connecticut

John M. Glover Agency has acquired APS San Angelo Insurance Agency based in Waterbury, Connecticut. Terms of the deal were not released. APS San Angelo has been doing business in the Waterbury area for over 50 years. John Forlivio, president …

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