News

San Francisco Bay Area Building Demolition Fuels Quake Study

It took just seconds for a 13-story building overlooking San Francisco Bay to implode, spewing smoke and chunks of concrete as it crumbled into a heap of rubble. But U.S. Geological Survey scientist Rufus Catchings was marveling less at the …

Delaware Insurance Dept. Recovered $941K for Consumers During First Half of 2013

The Delaware insurance department announced that a total of $940,995 has been recovered for the state’s consumers during the first six months of 2013. The department announced on Aug. 16 that its consumer services division has recovered $446,697 for Delaware …

Still Displaced by Sandy, Some N.J. Residents Ask Legislators for Help

Ten months after Superstorm Sandy wrecked their homes, people who still haven’t been able to return are asking New Jersey legislators for help. Simone Dannecker, of Union Beach, N.J., is fighting her mortgage company for the right to stay in …

Penn State Settles First of Sandusky Sex Abuse Lawsuits

Pennsylvania State University agreed to settle the first of 31 suits filed in the sex-abuse scandal involving ex-football coach Jerry Sandusky, with about 25 more set to settle, lawyers in the resolved case said. The settled complaint involved a 2001 …

Stilt Houses in Greenwich, Conn., Foreshadow Impact of New Flood Maps

In the coastal areas of Greenwich, Connecticut, the latest housing craze requires hydraulic jacks, pylons and stilts. One home towers over its neighbors like a cruise ship. Others look like expensive tree houses. “People are stopping in to ask us …

Florida Blue Gets OK to Restructure Under Mutual Holding Company

Florida insurance regulators ruled Friday to allow health insurance giant Florida Blue, one of the state’s largest employers and political donors, to restructure itself under a not-for-profit mutual insurance holding company. But the Office of Insurance Regulation’s order prohibits Florida …

Catalina in Agreement with Fairfax for American Safety Acquisition

Catalina Holdings (Bermuda) Ltd., a consolidator in the non-life run-off sector, announced that it has signed a definitive agreement with Fairfax Financial Holdings Limited and Tower Group International, which confirms that it has agreed “to assume Tower’s rights and obligations, …

States Weakening Commercial Host Liability Laws to Protect Retailers

A new report says that in recent years many states have enacted legislation to protect retailers from commercial host liability by increasing the evidentiary requirements, limiting the amount of liability awards and/or protecting certain retailers from liability. The report is …

Obama to Meet with Regulators on Dodd-Frank Law Status

President Barack Obama will sit down with the leading U.S. financial market regulators on Monday to discuss their progress in implementing the 2010 Wall Street reform law, the White House said on Sunday. The Dodd-Frank law was passed by the …

U.S. Presses Japan to Open Insurance, Auto Markets

The United States urged Japan on Monday to open its auto and insurance markets more to foreign companies as the two countries pursue bilateral talks linked to a broader free-trade agreement that covers two-fifths of the globe. The United States …

News Archives by Month