General Re Corp., a reinsurance unit of billionaire Warren Buffett’s Berkshire Hathaway Inc., agreed to pay $72 million to settle investor claims about its role in a fraudulent transaction involving American International Group Inc. The settlement was announced Wednesday by …
The Nebraska Supreme Court has ordered a judge to put a new trial on hold in a multimillion-dollar insurance dispute and follow the high court’s ruling from last summer. Last June, the Supreme Court threw out the nearly $4.7 million …
People caught driving drunk in Kentucky just once could be forced to install breath-alcohol monitoring devices in their cars, as the state’s lawmakers consider joining other states, including Alaska, in toughening DUI laws. House lawmakers are considering proposals aimed at …
One of the principals of a Grand Island business suspected in a Ponzi scheme has filed for bankruptcy. Stella Levea of Grand Island says in her Chapter 11 bankruptcy filing that she owes between $1 million and $10 million. Her …
Mutual Boiler Re, a Malvern, Pennsylvania based equipment breakdown reinsurer, said it will now pay for its insureds’ boiler and pressure vessel certificate issuance fees and inspection costs in the nine U.S. jurisdictions that charge equipment owners directly for such …
Shares of Warren Buffett’s Berkshire Hathaway Inc. sank last Friday to their lowest level in 5-1/2 years amid concern the insurance and investment company could suffer big losses from bets on world stock markets and U.S. banks. Berkshire’s Class A …
The GAO compared the number of NFIP policies in a given area as of September 2006, with the total number of county flood declarations from January 1980 to June 2008, cumulative flood claims payments from January 1978 to April 2008, …
The FBI is involved in the investigation of a Grand Island insurance agency suspected in a Ponzi scheme. An FBI investigator, accompanied by a Nebraska state trooper, visited First Americans Insurance Service on Friday. Last month, the Nebraska attorney general …
Liberty Mutual, Wausau Liberty Mutual Group, which sells insurance both direct and through independent agents, is discontinuing direct distribution to mid-sized businesses and now plans to distribute its commercial property/casualty insurance products in the middle market exclusively through independent agents …
Volunteers preparing to respond to disasters in Nebraska have the same immunity from liability as those in paid positions. That’s the legal opinion of Attorney General Jon Bruning’s office in response to questions from Lt. Gov. Rick Sheehy. The opinion …
