Maryland News

News Currents

Court reverses $20 million jury award to ex-State Farm agents The Missouri Court of Appeals recently threw out a $20 million jury award to five former State Farm Insurance agents who claimed they were improperly terminated for criticizing the company’s …

People The National Association of Insurance Commissioners named its 2007 committee chairs and vice chairs. The new committee assignments are for one year: Life Insurance and Annuities Committee: chair, Julie McPeak, executive director, Kentucky Office of Insurance, and vice chair, …

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A Computer Hacker Strikes Every 39 Seconds, Warns U. of Md. Study

Are hackers trying to get into your computer right now? And what are they up to? A study by the University of Maryland’s A. James Clark School of Engineering is one of the first to quantify the near-constant rate of …

Ohio Grange Mutual Exits the Banking Business

Maryland-based American Bank Holdings, Inc. and Ohio’s The Grange Bank announced today that the two companies have entered into an agreement under which American’s subsidiary, American Bank, will acquire The Grange Bank. The Grange Bank is a wholly owned subsidiary …

Maryland Told It Must Comply with Federal Real ID Driver’s License Act

Maryland must comply with the federal Real ID Act, Transportation Secretary nominee John D. Porcari told the Judiciary Committee on Tuesday. The Real ID Act mandates that states verify documents proving an applicant is a U.S. citizen or has some …

California AG Reaches $8 Million Settlement with Bayer Corp.

California Attorney General Jerry Brown has reached an $8 million, 30-state settlement with Bayer Corp. that will resolve an enforcement action initiated because of Bayer’s failure to adequately disclose safety risks associated with the use of Baycol, a drug used …

It Figures

$445 Billion Nearly half a billion dollars will be given to U.S. cities and regions to help reduce the risk of terror attacks on ports, transit systems and chemical plants, Homeland Security Secretary Michael Chertoff announced. The Associated Press reported …

New Markets

Builders & Tradesmen’s Commercial Package Nuts & Bolts: Builders & Tradesmen’s Insurance Services Inc., Rocklin, Calif., has a new commercial package policy available in California underwritten by One Beacon. Eligible classes are garage, manufacturers, offices, restaurants, apartments and many more. …