Federal prosecutors in Atlanta say Lockheed Martin Corp. has agreed to pay $2 million to settle allegations it overbilled the government for fuel it used while manufacturing planes for the U.S. Air Force. Prosecutors say Lockheed manufactured C-130 aircraft for …
Calling it “an historic moment” medical marijuana advocates praised the filing of what has been deemed comprehensive medical marijuana legislation in the Texas House. Introducing the legislation at a press conference on March 17, Rep. Marisa Márquez said “it’s time …
American International Group Inc. Chairman Robert “Steve” Miller intends to step down in July after five years in the role, the Wall Street Journal reported. The insurer’s directors have not yet decided on a replacement, but the next outside chairman …
W. R. Berkley Corp. said it has combined its U.S. broker market reinsurance units, Berkley Re America and Facultative ReSources, into a single operating unit that will trade under the Berkley Re America (BRAM) name. Berkley Re America is a …
Kleiner Perkins Caufield & Byers’ decisive victory over Ellen Pao’s gender bias suit doesn’t mean Silicon Valley giants are off the hook. More lawsuits alleging gender discrimination, sexual harassment and retaliation are already in the pipeline. Cases against Twitter Inc. …
Less than a year after signing legislation with new safeguards in response to a 2014 chemical spill that prompted a tap-water ban for 300,000 people, West Virginia Governor Earl Ray Tomblin signed a bill Friday to trim away some of …
American International Group Inc. is seeking as much as $507 million through the sale of part of its holding in PICC Property & Casualty Co., China’s biggest non-life insurer. AIG, the largest commercial insurer in the U.S., is offering about …
Cooper Gay Swett & Crawford (CGSC) announced the appointment of Ulisses Soares as Chief Executive Officer for the Latin America region, effective immediately. He “will lead all of CGSC’s business in Latin America and work with local country CEO’s in …
Nothing is more exciting than reading the latest updates on insurance law, unless, of course, you can get updates on corporate law at the same time. Fortunately, there are two recent Louisiana cases where the outcome of insurance law issues …
Indiana Gov. Mike Pence defended the new state law that’s garnered widespread criticism over concerns it could foster discrimination and said it wasn’t a mistake to have enacted it. Pence appeared on ABC’s “This Week with George Stephanopoulos” to discuss …
