Government News

Michigan Jury Hears Case on Employer’s Liability for Drunk Employee

Should an employer be held liable for a fatal car crash caused by a drunken driver who was an executive of the firm? A federal jury in Michigan is hearing the wrongful death suit brought by Gary Weinstein, whose wife …

Louisiana: 63% of Citizens Rebate Still Unclaimed for 2005, 2006

Nearly $355 million in rebates from Louisiana’s property insurer of last resort has not been claimed and state’s top insurance regulator wants people to know about it. Insurance Commissioner Jim Donelon is urging those who have had a property insurance …

Retailers Casualty Insurance to Offer Workers’ Compensation in Texas

Baton Rouge, La.-based workers’ compensation insurer Retailers Casualty Insurance Co. announced it will begin offering workers’ compensation coverage in Texas. Retailers Casualty, which is managed by Summit Consulting Inc., said it has received all regulatory approvals from the Texas Department …

NAS Expands Social Services Options with Medical Defense Coverage

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 …

Tennessee Gets $7 Million for Flooded Home Buyouts

U.S. Rep. Jim Cooper (D-Tenn.) reports that the Federal Emergency Management Agency (FEMA) will provide more than $7 million to Davidson County for home buyouts. The buyout program will be coordinated by the local government officials and is designed to …

Insurer Group Says Louisiana Property Market Shows Signs of Strength

The number of Louisiana property insurance consumers who benefit from the lower rates offered by private insurers is growing as the state’s Citizens Property Insurance Corp.’s (Citizens) depopulation program continues to be a success, according to the Property Casualty Insurers …

Euro Crisis Worries Spread; U.S. to Send Treasury Envoy

Global concern about the debt crisis rocking the euro zone mounted on Wednesday, with Washington sending a top U.S. Treasury envoy to Europe and G20 officials discussing the turmoil in a conference call. A day after investors pushed the risk …

European Storm Season Starts, But Forecasts are Difficult, Says Lloyd’s

The world really gets no respite from global weather events. Just as the hurricane season draws to a close, the European windstorm season, which usually lasts around four months, starts up. In its examination of the onset of bad weather …

How BP’s Gulf Oil Disaster Costs Could Double

Analysts’ dividend forecasts point to steady recovery BP, analysts, may be underestimating legal charges BP has history of low-balling long-term cost of disasters “Gross negligence,” punitive damages not ruled out Analysis shows how $50 billion could be added to cost …

Federal Judge Dismisses Challenge to Obama Health Care Law

A federal judge in Virginia Tuesday dismissed a lawsuit challenging the landmark healthcare law championed by President Barack Obama, upholding key provisions that require health insurance coverage. The challenge, one of several attempting to strike down the law, was brought …