A New York state judge made it easier for the bond insurer MBIA Inc. to pursue its $1.4 billion lawsuit accusing Bank of America Corp.’s Countrywide Financial unit of fraudulently inducing it to insure risky mortgage-backed securities. New York State …
Conoco Phillips Corp. has appealed a $15.2 million jury award to an oil and well drilling worker who claimed have gotten lung disease from exposure to asbestos. The Mississippi Supreme Court will hear oral arguments in the case on Jan. …
State lawmakers in South Carolina are considering modifying a 30-year old law so that all motorcycle riders in the state must wear helmets. South Carolina State Senator Ralph Anderson (D-Greenville) is sponsoring a bill that would require all motorcyclists in …
France’s AXA S.A. has again topped the list of the world’s 25 largest insurance companies, based on premiums written, compiled by A.M. Best. The lists, which were compiled both on asset value and on net premiums written, reflects the dominance …
A drunken driving test may not seem the likeliest place to come up with a mobile phone app, but that’s when inspiration struck Nashville, Tennessee resident Clay Bradley. Bradley said he was following a policeman’s pen with his eyes when …
Catlin Group Limited has formed a partnership with two specialist risk management consulting firms, which, it said, would “enhance the services it offers to clients with hijack, kidnap, extortion and wrongful detention exposures.” The partnership with Drum Cussac and Compass …
An Ecuadorean appeals court on Tuesday upheld a ruling that Chevron Corp should pay $18 billion in damages to plaintiffs who accused the U.S. oil giant of polluting the Amazon jungle and damaging their health. A local judge ordered Chevron …
lloyd’s insurer Ascot Underwriting Ltd. announced that it has formed the Strategic Power Consortium, which it described as a “dedicated technical underwriting vehicle for the power and utilities industry.” It began writing business as of January first. Together Ascot, Brit …
Insurance Australia Group Limited announced that it has finalized its catastrophe reinsurance program for the period commencing January 1, 2012 with up to A$4.7 billion [US$4.86 billion] in coverage, compared to A$4.1 billion [US$4.24 billion] in 2011. “Our reinsurance program …
State officials say the number of traffic deaths in Florida has continued to drop. The Department of Highway Safety and Motor Vehicles reported that through Monday there were 2,312 traffic deaths in Florida, compared with 2,444 in 2010. Officials say …
