The Gulf of Mexico oil spill will push up costs and reduce the number of offshore oil and gas operators in U.S. waters for a long time to come, oil company executives told an industry conference in London on Tuesday. …
The Wisconsin regulator for Ambac Financial Group has filed a plan to wind down the more than $50 billion remaining of insurance policies related to securities that it seized in March. Under the plan, holders of allowed claims will receive …
North Dakota’s Democratic candidate for the state Public Service Commission said the Legislature should strengthen a $6.9 million insurance fund that compensates farmers if a grain elevator goes broke. Recent data shows that the fund could be overwhelmed by a …
The Iowa Court of Appeals upheld a ruling by a lower court that a builder’s risk insurance policy remained in effect after the policyholder transferred the property, by warranty deed, to another party in exchange for that party’s agreement to …
China said on Friday that rich nations must lock in fresh vows to slash greenhouse gas output to unblock talks for a new climate change deal, while some negotiators said Beijing was holding progress hostage. The feuding over the future …
A U.S. judge Thursday upheld a key part of President Barack Obama’s signature healthcare law that requires Americans to obtain coverage, rejecting a challenge by a conservative interest group. The Thomas More Law Center filed a lawsuit in Michigan the …
Larry Hagman, the actor who played the villainous J.R. Ewing in the 1980s TV show “Dallas,” has won his case that he was victimized by Citigroup Inc., and the bank was ordered to pay over $11 million in damages. The …
The Illinois attorney general filed a lawsuit against Enbridge Inc’s U.S. affiliate Enbridge Energy Partners Thursday, as the state seeks to have the company pay the costs incurred cleaning up an oil pipeline spill last month. Attorney-General Lisa Madigan and …
A Grand Jury has indicted the former head of Rhode Island’s dominant workers’ compensation insurer, charging him with stealing from Beacon Mutual Insurance Co. Attorney General Patrick Lynch said that Joseph Solomon faces one count of larceny over $500 and …
A lawsuit alleging bad faith claims handling by Florida’s state-created insurer, Citizens, will proceed to trial over the objection of the insurer that it is protected against such suits by immunity granted government entities. A three-judge panel in the First …
