The White House oil spill commission Thursday challenged offshore drillers to boost safety standards, detailing proposals for the creation of an independent, self-regulating industry group and reform of government oversight. Created in the aftermath of the BP drilling accident in …
A former Jefferson County employee has won a lawsuit that accused a county commissioner of defaming him with an Internet posting. Media outlets report that the jury ordered County Commissioner Patsy Noland to pay George Privitera $3,700 in compensatory damages …
The New York Insurance Department said it implement recommendations aimed at streamlining and improving the process for insurers to file their rates and forms with regulators. The recommendation comes from a new report by an industry working group that began …
After more than 40 years in the insurance industry, Scott Johnson, executive vice president of the Florida Association of Insurance Agents (FAIA), will be retiring in December. Johnson has served the FAIA since 1974. Johnson’s career in insurance began in …
Several problems, including design flaws, likely led to the breach of an eastern Iowa dam last summer that decimated a nine-mile long lake, a panel of independent engineers said. The findings identified design and construction issues, areas where water likely …
A.M. Best Co. has upgraded the financial strength rating to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit rating (ICR) to “a” from “a-” of Cherokee Insurance Company. In addition Best has upgraded the ICR to “bbb” from “bbb-” of …
NAS Insurance Services is now offering social services risks up to a $100,000 MEDEFENSE Plus sublimit for the defense costs and civil fines and penalties associated with allegations of improper billing, HIPAA privacy, EMTALA and Stark Proceedings brought against an …
Qantas stepped up pressure on Thursday on engine maker Rolls-Royce to settle damages related to an engine failure on one of its giant Airbus A380 aircraft, but said it would keep the door open for an out-of-court settlement. Qantas said …
Stimulus and bailout packages undertaken to cope with the economic crisis can have an impact on trade and investment and need to be managed carefully, according to the head of the World Trade Organization. Director-General Pascal Lamy said the WTO …
The United States will press China to make a number of trade reforms to open its market to more U.S. goods and services at a high-level bilateral meeting this month, the U.S. officials said Wednesday. The Dec. 14-15 U.S.-China Joint …
