A jury in Las Vegas ordered two drug companies to pay a combined $500 million in punitive damages in the first of hundreds of civil cases stemming from a hepatitis C outbreak two years ago. The Clark County District Court …
The Hartford marks 200 years in business today, a commemoration recognized at the New York Stock Exchange this morning as CEO Liam E. McGee and CFO Christopher J. Swift rang the opening bell. “The company has played a critical role …
Transportation incidents continue to be the No. 1 cause of on-the job deaths, a trend that has been the case since 1992, according to the American Society of Safety Engineers’ (ASSE). In fact, in 2008, 40 percent of all workplace …
Suspicious insurance claims from staged accidents are on the rise— and nowhere more than in New York and Florida, two states with no-fault statutes. Overall, the number of questionable claims from staged accidents increased by 46.3 percent from 2007 to …
The Personal Lines Growth Alliance (PLGA), a coalition within the independent agency system, announced that Mercury Insurance Group is a founding financial partner. Mercury is the first of many insurance carriers that will become financial partners, according to PLGA Chair …
CRC Insurance Services Inc. (CRC) – the largest wholesale insurance broker in the United States – released a memo to its customers stating that a number of CRC employees in Illinois, California and Pennsylvania resigned on May 4. CRC’s CEO …
A.M. Best Co. has revised the outlook to positive from stable and affirmed the issuer credit ratings (ICR) of “a-” and senior debt ratings of ACE Limited, based in Zurich, Switzerland, and ACE INA Holdings Inc. In addition Best affirmed …
As New Orleans Mayor Ray Nagin leaves office, hundreds of damaged city buildings including police stations and fire houses sit unrepaired more than four years after Hurricane Katrina, stark reminders of how the recovery has floundered. Only seven percent of …
Western National Insurance Group in Edina, Minn., reported $5.5 million increase in policyholder surplus during the first quarter of 2010 over the amount reported at the end of 2009, as well as a 4 percent rise in the company’s combined …
A federal appeals court has ruled that an insurance company has no duty to defend against class action lawsuits filed in Illinois targeting the company’s insured, a Chinese manufacturer of toys sold in the United States that were found to …
