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Big Business the Winner in U.S. Supreme Court Class Actions

In a series of rulings this year, the U.S. Supreme Court has steered a consistent course against consumers or small businesses that want to bring class action lawsuits against corporate defendants. Comcast Corp, Whirlpool Corp and Sears Holdings Corp’s Sears …

CEOs Urge Russia President to Seek More Open Trade Ahead of G20 Summit

CEOs from the G20 Advisory Group of the International Chamber of Commerce (ICC) met in Saint Petersburg with more than 400 other business leaders and top government officials, including Russian President Vladimir Putin. The meeting was held in conjunction with …

The Many Faces of Terrorism; an Expert’s Analysis from Aon Benfield

“The recent attacks in London, Paris and the Boston marathon bombing are evidence that terrorists are resorting to simpler tactics,” said Mark Lynch, the head of Political Risk Model Development at Aon Benfield’s Impact Forecasting. “They have more opportunities and …

India Searches for Flood Survivors as Death Toll May Rise

Flash floods triggered by torrential rain in northern India may have killed hundreds of people, a government official said, as the armed forces stepped up searches for those stranded in mountainous areas. Narrow valleys in the foothills of the Himalayas, …

CNA’s Fortin Latest Industry Exec to Join Berkshire Hathaway Specialty Insurance

Berkshire Hathaway Specialty Insurance officially announced the appointment of Dan Fortin as senior vice president, executive and professional lines. Fortin was previously senior vice president of CNA Specialty. Berkshire Hathaway Specialty Insurance, the new commercial P/C insurance unit of Berkshire …

Texas Tops U.S. in Number of Lost, Stolen Firearms

Federal authorities say Texas has far and away the largest number of firearms in the U.S. reported as lost or stolen. The Bureau of Alcohol, Tobacco, Firearms and Explosives issued a report this week showing there were 18,874 firearms lost …

Massachusetts Insurance Settlement Raised to $5.25M

A company authorities say used deceptive practices to sell supplemental health insurance to veterans and other Massachusetts residents will now pay more than $5 million to settle case. Attorney General Martha Coakley said Tuesday that the new $5.25 million settlement …

New NYC Evacuation Zones Include Almost 3M People

Nearly 3 million New Yorkers’ homes are now in evacuation zones that cover more than a third of the city’s population, under new maps released Tuesday. In the wake of Superstorm Sandy, officials said last month, the number of zones …

Florida Now Among States Allowing Electronic Proof of Insurance for Drivers

Florida recently joined a growing list of states that allow electronic proof of insurance via smartphones for motorists at traffic stops. Among Southeastern states, Mississippi, Alabama, Georgia, Tennessee and Kentucky now also allow electronic proof of insurance.Nationally, there are now …

Oklahoma Twister Victims Face Long Recovery, Insurance Woes

When the big twister hit, Maylene Sorrels huddled with her students in the halls of Plaza Towers Elementary School in Moore, Okla. Cowering, she covered the student’s heads. Then Sorrels, a teacher’s aide, tried to reassure her kids they would …

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