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Kentucky Coal Mine Discrimination Claim Nearing ‘Amicable’ Settlement

A lawsuit against a western Kentucky coal mine accused of discriminating against black job applicants appears to be nearing a settlement. River View Coal, a subsidiary of Tulsa, Okla.-based Alliance Resource Partners, was sued in 2011 by the U.S. Equal …

Best Revises Outlook to Positive, Affirms Ratings of ACE European Group Ltd.

Following its ratings report for the ACE Ltd. Group, A.M. Best Europe – Rating Services Limited has revised the outlook to positive from stable and affirmed the financial strength rating of ‘A+’ (Superior) and the issuer credit rating of “aa” …

Best Revises Outlook to Positive for ACE Ltd., Most Subs; Affirms Ratings

A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength ratings (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa” of the North America property/casualty subsidiaries of ACE Limited, which is domiciled …

Cooper Gay Swett & Crawford Appoint Homer Global Head of M&A

Cooper Gay Swett and Crawford (CGSC) announced that Oliver Homer has joined the company, effective as of today, June 17, as Global Head of M&A, a newly created position within the group. He is based in London and will be …

Florida Gov. Scott, CFO Atwater Were Told About Heritage Deal with Citizens

Florida Gov. Rick Scott — and other top state officials — quickly distanced themselves last month from a controversial deal approved by Citizens Property Insurance Corp. to shift thousands of homeowner policies to a start-up insurance company. But emails show …

Survey: Nonprofits Unprepared, Under-Insured Against Risks

Crystal & Co., a worldwide risk and insurance advisor, has released the results of its Nonprofit Risk Survey, presenting a snapshot of risk awareness and exposure among U.S. nonprofit organizations, including human services, foundations, and community service, educational and religious …

BP Shareholders Seek Class Action Status for Suit Over Gulf Spill

BP Plc’s U.S. investors asked a federal court to grant class action, or group, status for their lawsuit claiming the company misled them before and after the 2010 spill in the Gulf of Mexico. The investors, led by the New …

Calif. Auto Insurance Down over Quarter-Century, Groups Debate Why

The average California auto insurance expenditure fell from 1989 to 2010, while every other state in the nation saw substantial increases over that same period, according to a Consumer Federation of America analysis auto insurance expenditures. The group attributes the …

Massachusetts Health Insurer Ends Coverage of Compounded Drugs

The second largest health insurer in Massachusetts has announced that it will no longer cover specialty medications known as compounded drugs, months after a deadly nationwide meningitis outbreak was traced to a Massachusetts compounding pharmacy. The chief medical officer at …

Midwest Pelted With Rain, Wind, Hail, Tornadoes

A massive line of storms packing hail, lightning and tree-toppling winds rolled through the Midwest on June 12 in the evening, driving people into basements for shelter, tearing down power lines and causing flooding in low-lying areas. Forecasters predicted that …

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