Government News

New York Man’s Faked Store Fall Caught on Tape

Authorities say a central New York convenience store’s surveillance cameras caught a man purposely pouring soda on the floor and then faking a fall so he could file an insurance claim against the business. State Insurance Department officials said that …

Federal Role in Catastrophe Insurance Would Increase Earthquake Coverage

A proposal for the federal government to support state-run catastrophe-insurance programs would increase the number of people buying earthquake coverage in California and modestly lower both uninsured losses and government assistance following a major quake, a new study has found. …

Travelers to Acquire Interest in Brazilian Surety Specialist J. Malucelli

The Travelers Companies announced that it has entered into a joint venture agreement under which it will invest in J. Malucelli Participações em Seguros e Resseguros S.A., “the market leader in the surety insurance business in Brazil with a market …

EU Regulator Flagged Potential Rolls-Royce Engine Problem in August

Three months ago a European regulator flagged possible problems with the engine that powered a Qantas Airways A380 that was forced to make an emergency landing in Singapore this week. The European Aviation Safety Agency (EASA) told airlines in a …

Judge Dismisses ‘Mommy Track’ Lawsuit Against Goldman Sachs

Goldman Sachs Group Inc. no longer faces a bias lawsuit by a former vice president who said the Wall Street bank put her on a “mommy track” and fired her while she was on maternity leave. Judge Robert Patterson dismissed …

AIG Reports Big Loss on Charges; Insurance Results Remain Stable

American International Group, Inc. (AIG) reported a net loss of $2.4 billion for the third quarter of 2010, compared to net income of $455 million in the third quarter last year. The loss was attributable to restructuring and goodwill charges …

Manchin U.S. Senate Win Elevates Democrat Tomblin to Governor Post

West Virginians essentially chose a new state chief executive when they voted to send Gov. Joe Manchin to the U.S. Senate, but his Tuesday win has also forced to the forefront questions about the succession process. Senate President Earl Ray …

Florida Republicans Eye Special Session to Revisit Crist Vetoes

Incoming Republican legislative leaders said they are considering calling a special session in the coming weeks to override some of Gov. Charlie Crist’s vetoes. Crist’s veto of a property insurance bill could be on the list of vetoes to be …

Republicans Regain Control of Michigan Supreme Court

Republicans regained control of the Michigan Supreme Court by capturing two seats Tuesday, riding the same electoral wave that made the GOP victorious in all major statewide races. Wayne County Judge Mary Beth Kelly and incumbent Justice Robert Young Jr. …

Arkansas Insurance Dept. to Stop Accepting Paper Filings in March

Effective March 1, 2011, the Arkansas Insurance Department (AID) will no longer accept paper filings. All filings submitted on or after March 1, 2011, must be filed via the System for Electronic Rate and Form Filing (SERFF). Additionally, AID mandates …