News

Former Idaho Police Officer Awarded $717,000

A former Idaho officer with the Fort Hall Police Department injured when his patrol vehicle was hit by another vehicle has been awarded $717,000 by a Pocatello jury. But Nicolas Garcia says he’d rather continue working as a police officer …

BNY Mellon Settles N.Y. Probe Involving Insurer’s Debt Security Sale

The Bank of New York Mellon Corp. will pay $1.3 million to three states to settle an investigation into manipulative trading of auction rate securities facilitated by employees at one of the company’s subsidiaries, the New York attorney general’s office …

Alaska Law Meant To Ban Texting While Driving Challenged

Alaska’s intended ban on texting while driving is facing a legal challenge, with a magistrate in Kenai saying the Legislature should have been explicit if they truly meant to prohibit the activity. The decision this month by Magistrate Jennifer Wells …

New York Judge: Iran, Taliban, al-Qaida Liable for 9/11

A federal judge has signed a default judgment finding Iran, the Taliban and al-Qaida liable in the Sept. 11, 2001 terrorist attacks. Judge George Daniels in Manhattan signed the judgment last Thursday, a week after hearing testimony in the 10-year-old …

$1.6M Award for Connecticut Man Injured in Icy Road Accident

A jury has awarded $1.6 million to a Thomaston, Connecticut, man who sued the state Department of Transportation over injuries he suffered in a 2007 accident on an icy road. The Superior Court jury found the state agency was at …

Catastrophes Erode P/C Insurers’ Results for 9 Months of 2011

Private U.S. property/casualty insurers’ net losses on underwriting grew to $34.9 billion in nine-months 2011 from $6.3 billion in nine-months 2010. The combined ratio deteriorated to 109.9 percent for nine-months 2011 from 101.2 percent for nine-months 2010, according to ISO …

AIG CEO Benmosche Wants to Extend His Stay: Report

American International Group’s CEO Robert Benmosche recently told the board directors that he wants to stay in his job longer than previously planned, according to a report. The Wall Street Journal reported last Friday that Benmosche signaled he is “in …

Pennsylvania’s Rhyming Justice Pens Insurance Fraud Opinion

This judge’s rulings, for better or worse, are poetic justice because they’re in verse. A state Supreme Court justice known for opinions written in rhyme has done it again, producing six pages of verse last Thursday in the case of …

Insurer for Sandusky Charity in Pennsylvania Argues Over Payouts

An insurance company for a charity founded by Jerry Sandusky argued in a federal complaint last Friday that it should not have to pay legal expenses or claims for the former Penn State assistant football coach now accused of molesting …

Travelers Indemnity Says $1M Policy Won’t Cover Penn. Turnpike Mess

The insurer of a trucking company whose tanker leaked sticky black goo onto the Pennsylvania Turnpike in November says in court filings that its $1 million policy likely won’t be enough to cover roughly 1,000 claims for damaged vehicles. The …

News Archives by Month