U.S. lawmakers rejected a $700 billion bailout plan for the financial industry in a shock vote that sent global markets sliding as the world credit crisis claimed more banks. By a vote of 228-to-205 the House rejected a compromise plan …
State insurance commissioners have lashed out at members of Congress who are blaming state regulation for the problems of American International Group (AIG) and using the AIG crisis to bolster their advocacy for federal regulation. The state regulators spoke out …
Powerful winds promised to scour the Southeast coast with strong winds and heavy seas, though residents were taking the promise of 50-mile-an-hour gusts in stride. The National Weather Service issued high wind warnings for the coasts of North Carolina, Virginia …
The Maryland Court of Appeals has ruled that drug manufacturer Eli Lilly was not liable for a fatal accident caused by a user of one of its diabetes drugs who blacked out while driving and crashed into another vehicle. Ellen …
5.4% The workers’ compensation loss cost reduction approved for Maryland workers’ compensation carriers effective Jan. 1, 2009, thanks to a continued decline in frequency of claims. The decrease represents about $37 million in savings. $6.6 Million Value of settlement between …
Getting ‘SLAPP’ed: Individuals Blog at Their Own Risk; Exposure of Business Clients Depends on Policy Endorsements Blog-related personal injury suits have produced judgments ranging between $7,500 and $11.3 million. A Dade County, Florida real estate developer in January 2008 filed …
CRC Insurance, Southern Risk CRC Insurance Services Inc., the wholesale insurance subsidiary of BB&T Corp., has completed a purchase of Southern Risk Operations LLC. Sumter, S.C.-based Southern Risk is an excess and surplus (E&S) insurance broker that specializes in high-risk …
A Dade County, Florida real estate developer in January 2008 filed a $25 million lawsuit against a real estate blogger alleging, among other charges, defamation of character based on the blogger’s opinion published solely on his blog (MiamiCondo Investments). Hollo …
A Dade County, Florida real estate developer in January 2008 filed a $25 million lawsuit against a real estate blogger alleging, among other charges, defamation of character based on the blogger’s opinion published solely on his blog (MiamiCondo Investments). Hollo …
Taxpayers In At Least 20 States Could Face Multi-Billion Dollar Tax Burden Natural catastrophe legislation passed by the U.S. House of Representatives and pending in the U.S. Senate would create a multi-billion dollar burden on taxpayers in at least 20 …
