Findings of the second major investigation by the U.S. government into the 2010 Gulf of Mexico oil spill, may press BP into putting over $30 billion on the table to quickly settle its outstanding legal headaches. The joint Coast Guard …
Residents in Louisiana’s Bossier Parish have 90 days from Sept. 14 to file objections with the Federal Emergency Management Agency to the parish’s new flood insurance rate maps. The Times reports that the maps already have prompted three lawsuits. Plaintiffs …
The state’s insurance commissioner says the workers’ compensation insurance rates for Oklahoma businesses are expected to drop in 2012. Commissioner John Doak says the insurance department has approved a filing by the National Council on Compensation Insurance for a decrease …
A Baton Rouge, La., judge has refused to block the state from signing contracts with three private insurance companies chosen to take part in Louisiana’s new health-care delivery system for the poor. In a separate action, a different judge ordered …
Missouri homeowners hit by damaging storms now have stronger protections in place under two new state laws that recently went into effect, insurance regulators announced. The laws allow insurance companies to better serve hard-hit areas and protect consumers against unscrupulous …
Independent reinsurance broker Holborn Corp. announced that Daniel Bilot has joined the firm as a senior vice president in the firm’s Minneapolis, Minn., office. Bilot arrives at Holborn from Guy Carpenter & Co., where he served as managing director since …
Senate leaders have agreed to consider a provision designed to help settle wind versus water claims in a more timely and equitable manner as part of reauthorization of the federal flood insurance program. The provision’s sponsor, Sen. Roger Wicker, R.-Miss., …
The family of a Taunton (Mass.) High School student injured running away from a teacher wearing a mask and wielding what appeared to be a chain saw for a Halloween prank is seeking up to $100,000 in compensation for medical …
The Democratic-led Senate Thursday sent the House a measure to fund disaster aid by twice as much as the House wants to spend — laying the groundwork for another political showdown. The Senate voted 62-37 to approve $6.9 billion to …
Hewlett-Packard Co. and top executives misled investors for months before unveiling a series of major decisions, such as the demise of the TouchPad, that hammered its shares, a shareholder alleged in a proposed class-action lawsuit filed this week. Shareholder Richard …
