An appellate court has ruled that the city of Chicago can’t be sued for a 2003 porch collapse that killed 13 people and injured dozens more. In all, 38 lawsuits were filed against the city on behalf of those killed …
A supermarket chain in St. Louis, Mo., is pulling its brand of French style green beans from the shelves of more than 100 stores in several states, including Wisconsin, because of concerns about possible contamination. Schnucks, with stores primarily in …
A.M. Best Co. has placed the financial strength ratings (FSR) and issuer credit ratings (ICR) of Aon Corporation’s life/health subsidiaries, Combined Insurance Company of America (CICA) of Glenview, Ill., Combined Life Insurance Company of New York (CLICNY) and Sterling Life …
The Farmers Insurance Group is tired of being a minor player in Ohio, one of the most lucrative insurance markets in the country. The nation’s No. 3 property and casualty insurer, part of global giant Zurich Financial Services, ranks only …
Colemont Insurance Brokers of Illinois has promoted Todd Brejcha to the position of assistant vice president broker at Colemont – Chicago, the company announced. Tom Dillon, president of Colemont – Chicago stated that Brejcha’s “hard work, experience and ingenuity” has …
Shand Morahan & Co. Inc., a Markel Corp., reports it has acquired Cambridge Alliance, a Burlington, Vermont managing general agency that specializes in errors and omissions insurance for registered investment advisors and financial planners. Mike Rozenberg, Shand Morahan president and …
Arch Insurance Group, a subsidiary of Arch Capital Group Ltd., announced that Mark C. Vonnahme has joined its leadership team as the executive vice president responsible for its surety business. Vonnahme succeeds Brian Schmalz who will retire at year-end. Schmalz, …
U.S. Representative Melvin L. Watt, D-N.C., chairman of the Subcommittee on Oversight and Investigations, today announced that the hearing entitled: “Credit-Based Insurance Scores: Are They Fair” is postponed and will be rescheduled for a later date. “The growing use of …
U.S. Reps. Melissa Bean, D-Ill., and Ed Royce, R-Calif., have reintroduced their National Insurance Act of 2007, the so-called optional federal charter bill that proposes letting insurance companies choose federal over state regulation. The Royce-Bean bill is similar to Senate …
Ill.-based Abbott Laboratories Inc. dropped a lawsuit against a French AIDS group on Monday over an alleged cyber-attack against the company’s Web site. The pharmaceutical and medical products maker filed the lawsuit in May against Act Up-Paris in a Paris …
