September 20, 2011
President Barack Obama endorsed key elements of a U.S. flood insurance reform bill passed by the House in the tax and deficit plan he unveiled Monday, even as the reform has stalled in the Senate without a clear path forward. …
September 19, 2011
Current and former BP executives and directors won dismissal last week of one of several U.S.-shareholder lawsuits filed over last year’s Gulf of Mexico oil spill. A federal court in Houston on Sept. 15 said it was more appropriate that …
September 19, 2011
A Montana judge has approved a $43 million settlement for people sickened by exposure to asbestos from a mine, with a large part of that amount to be paid by Warren Buffett’s Berkshire Hathaway, court documents show. The settlement resolves …
September 19, 2011
A civil settlement in the 2007 oil spill in San Francisco Bay with the owners and operators of the M/V Cosco Busan was announced on Monday. The settlement resolves all natural resource damages, penalties and response costs that resulted from …
September 19, 2011
Business property insurer FM Global said Vice Chairman Ruud Bosman will retire in November after 40 years with the company. Upon Bosman’s retirement, several planned leadership changes will take place at FM Global. Jonathan Hall and Thomas Lawson, both executive …
September 19, 2011
The Virginia Supreme Court has ruled in favor of an insurance company in a closely watched legal case involving global warming. The high court ruled that Steadfast Insurance Co., which provided commercial general liability (CGL) coverage for energy company AES …
September 19, 2011
An eastern Pennsylvania jury has awarded more than $23 million to a woman who lost portions of both legs to infection almost three years ago. Attorneys for the 55-year-old Lehighton woman argued that a home care nurse failed to report …
September 19, 2011
Kevin Cummings has been named executive vice president/producer and leader of Kansas City., Mo.-based Lockton’s Phoenix office, and Tom Hartley becomes managing director/producer. Both are newly created positions. Hartley has more than 30 years’ experience in risk management and commercial …
September 19, 2011
Congress is poised to pass yet another short-term extension of the federal flood insurance program, giving it more time to consider two competing bills reforming the debt-ridden program. The House could vote this Wednesday on a measure that would extend …
September 19, 2011
While data breaches at large companies continue to dominate the headlines, breaches involving smaller businesses are also on the rise. According to a 2011 report from Verizon Business of more than 760 data breaches analyzed in 2010, nearly two-thirds involved …