American International Group Inc. and some of its directors and officers have agreed to a $725 million settlement to resolve allegations of wide-ranging fraud laid out in a class action suit led by three Ohio pension funds. Ohio Attorney General …
Sentry Insurance Co. in Stevens Point, Wis., announced that Peter G. McPartland is joining Sentry as president and chief operating officer. McPartland is a seasoned insurance executive with more than 30 years of experience in the industry, including service with …
Securities lawsuits against BP and Toyota may be substantially narrowed, thanks to a recent Supreme Court decision. On June 24, 2010, in a long-awaited decision that will affect the circumstances under which non-U.S. companies can be sued under U.S. securities …
Ohio Auto, Homeowners Insurance Rates Increase in 2009 The average rates for the top 10 homeowners insurance providers in Ohio increased by 9.7 percent in 2009, according to the Ohio Department of Insurance. The average rates for the state’s top …
Ohio-based Westfield Group has selected James R. Clay as its next group leader and chief executive officer. Clay currently serves as insurance leader and president. He has served the company for more than 30 years in numerous capacities. Clay will …
Louisville, Ky.-based insurance broker Neace Lukens has opened a new office in Dayton, Ohio. The new office consists of two full-time employees. Michael Ward joins as vice president of its construction insurance services group, and Deb Markland serves as a …
The city of Cleveland lost its appeal Tuesday of a lawsuit accusing 22 Wall Street bank and mortgage lenders of creating a public nuisance by creating risky mortgage securities to be sold to investors. A three-judge panel of the U.S. …
A tornado tore through western New York on Saturday, ripping the roof off a condominium and damaging 17 others and causing widespread power outages. The National Weather Service said the twister touched down in Mayville in Chautauqua County at 4:48 …
The U.S. Army Corps of Engineers has concluded its actions during the May floods reduced the Cumberland River’s flood crest in Nashville by 5 feet, but the agency suffered numerous communications problems during the crisis, according to a report released …
Brown & Brown Inc. has promoted J. Scott Penny to the position of regional president. Penny, who has served as a regional executive vice president since 2002, is responsible for oversight of retail profit center operations of Brown & Brown …
