December 6, 2010
A major developer on the Alabama coast will receive $37.2 million from oil giant BP to settle claims over the impact the Gulf of Mexico oil disaster had on the company’s large beachfront luxury condominium development. The deal came after …
December 6, 2010
An Alabama appeals court has ruled that a false and defamatory published statement can be libelous even if it accurately quotes a person making the claim, includes a denial and makes clear the allegation is unverified. The Alabama Court of …
December 5, 2010
$42 Million The amount a Kentucky jury awarded to the family of a 92-year old man who died after nine days in a nursing home because the staff neglected him. The nursing home said it plans to appeal. $80 Million …
December 5, 2010
Florida and Louisiana have reduced the number of policyholders covered by their state-run property insurers of last resort since 2008 but non-coastal property owners remain vulnerable to paying for these same insurers’ potential coastal losses. Florida Citizens Property Insurance Corp. …
December 5, 2010
Insurance Considerations for Agents Insuring Agricultural Employer Every state has been impacted by Arizona’s immigration law, as there is now a cry for immigration reform. Employers who hire a questionable workforce due to the “dirty” or menial nature of certain …
December 5, 2010
The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. A-Side Directors & Officers Market Detail: Great American Insurance Group’s Executive Liability Division offers A-Side …
December 3, 2010
Insurance broker Willis has announced three key appointments to strengthen its Gulf South insurance brokerage operations. Robert Allen has been appointed regional partner, Willis of Alabama, Inc. He will coordinate Willis’ operations in Alabama, Mississippi and Louisiana. Allen will also …
November 30, 2010
Many of Alabama’s personal and commercial lines insurers have established the Alabama Insurance Information Service (AIIS), a not-for-profit, non-lobbying trade association to provide news and information to the public. AIIS is based in Montgomery and plans to work primarily through …
November 22, 2010
Federal regulators late Friday warned 13 mining operations in seven states, including two owned by troubled Massey Energy Co., to show improvement on safety or face stricter enforcement. The Mine Safety and Health Administration says a 14th mining operation, Massey’s …
November 19, 2010
At Orange Beach in Alabama, what’s typically a beautiful, quiet stretch of beach in the fall now resembles a construction site. Bulldozers and yellow dump trucks shake the ground; a giant sifting machine spits clean sand out one end, tar …