A jury awarded $3.3 million to six workers who claimed they were left sterile by a pesticide used at a banana plantation in Nicaragua operated by Dole Fresh Fruit Co. The workers’ lawsuit accused Dole and Standard Fruit Co., now …
Standard & Poor’s Ratings Services has assigned its ‘BBB+’ rating on Medical Insurance Australia Pty Ltd., a national medical indemnity insurer and the largest in South Australia, with a stable outlook. “The rating, which represents good financial security, is the …
W.R. Berkley, American Mining Insurer Connecticut-based W.R. Berkley Corp. has closed on the acquisition of CGH Insurance Group, the owner of American Mining Insurance Co. Terms of the transaction were not disclosed. American Mining, based in Birmingham, Ala., has specialized …
Starr International Co. Inc. announced its U.S. subsidiary, Starr International USA Inc. (SICO USA), acquired Republic Insurance Co. from Columbia Insurance Co., a member of Warren Buffett’s Berkshire Hathaway Group. Republic Insurance Co., a property/casualty insurer, is located in Dallas. …
A poll, conducted by Fitch Ratings, indicates that the banks and insurance companies it rates in the Latin America Region as to the extent they may hold direct or indirect exposure to U.S. subprime backed structured securities, found that “exposure …
A federal appeals court on Wednesday ordered the resentencing of a former Kentucky executive convicted in an insurance fraud case but upheld a 10-year sentence for the company’s CEO. The U.S. 6th Circuit Court of Appeals found that the judge …
Florida workers’ compensation compliance investigators conducted a recent sweep of 177 businesses in two Panhandle counties that resulted in 23 Stop Work Orders against employers found to be operating without the required coverage. The sweep was conducted by the Department …
The pesticide was designed to kill worms infesting the roots of banana trees on Latin American plantations. But at least 5,000 agricultural workers from Nicaragua, Costa Rica, Guatemala, Honduras and Panama have filed five lawsuits in this country claiming they …
A Florida company issued a U.S.-wide recall of toothpaste it imported from China and distributed to wholesalers, saying that the product may contain a poisonous chemical. Gold City Enterprise LLC said the roughly 170,000 recalled Shir toothpaste products may contain …
$100 million The dollar figure placed on an alleged nationwide workers’ compensation scam for which five men have been indicted. The investigation began in 2002 after the Florida Division of Workers’ Compensation issued a stop work order for failure to …
