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Electronic Proof of Auto Insurance Coming to Indiana

Indiana drivers who have to show proof of insurance to police after an accident or traffic violation can do so electronically starting July 1 under a new law that signals an increasing use of technology in insurance laws. Indiana will …

CFC Underwriting Upgrades Cyber Policy

Lloyd’s underwriting agency, CFC has made a major upgrade to its flagship cyber and privacy product policy in order to protect customers against the changing face of cyber crime and react to the constant changes in the legal and regulatory …

Claims Seek Forest Service Payment For 2011 New Mexico Fire

The federal government is being asked to cough up more than $60 million for damages from the 2011 Las Conchas fire and subsequent flooding in northern New Mexico. According to the Santa Fe New Mexican, the Forest Service faces damage …

New Maps Show Less High Ground In Oregon Tsunami

New tsunami maps being reviewed in northwest Oregon show there’s less high ground than previously thought if residents have to flee the most serious earthquake and tsunami projected. The Daily Astorian reported that Oregon officials have been showing them to …

Jury Awards $55M To California Man in Gang Shooting

A jury has awarded $55 million to a Southern California man who lost his legs because he claims a private security firm’s guard failed to protect him from gang members who shot him at an apartment building. Jurors awarded the …

Con Ed Installing ‘Smart Switches’ in N.Y. to Limit Power Failures

Con Edison’s chief executive said on June 14 that the company is installing hundreds of so-called smart switches that can limit the number of electric customers affected when a tree takes down a power line. Chairman and CEO Kevin Burke …

EU, U.S. Leaders Launch Free-Trade Talks

The United States and the European Union launched negotiations for the world’s most ambitious free-trade deal on Monday, promising thousands of new jobs and accelerated growth on both sides of the Atlantic. Trade between Europe and the United States is …

Philadelphia Building Inspector Kills Self After Deadly Collapse

A veteran Philadelphia building inspector who apparently committed suicide had inspected the site of a deadly building collapse twice in February and an adjacent, related project in mid-May. The June 5 collapse killed six people when a four-story building tumbled …

Best Affirms Ratings of the Members of GEICO and GEICO Corp.

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aaa” of the members of Government Employees Group (GEICO), based in Chevy Chase, Maryland. Best also affirmed the ICR of “aaa” …

AIG Open to New ILFC Offer or IPO as China Group Deadline Extended

American International Group Inc. said it is open to new offers for its plane-leasing business and may pursue a public offering of the unit after a group of Chinese investors missed another deadline to buy the operation. The group, led …

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