Washington News

Change in Michigan Law Opened Door to Lawsuits Against Hooters

An attorney for two former waitresses in Michigan who said Hooters fired them because of their weight told a newspaper the case is about civil rights. But Hooters said the appearance of its waitresses is a legitimate business concern. “This …

Risk Management a Low Priority for Small Biz World

Risk management ranks relatively low on the priorities list for small business owners, according to a recent survey by Travelers. And that outlook could mean trouble down the road when problems arise for those firms, the insurer warns. “Small business …

One Beacon Enters Exclusive Arrangement with USI Affinity

OneBeacon Professional Insurance has entered into an exclusive arrangement with USI Affinity to administer its Lawyers’ Professional Liability (LPL) insurance program, which provides liability protection solutions for law firms with up to 20 lawyers in Connecticut, Massachusetts, Maryland, Virginia and …

G20 Finance Ministers Don’t Even Try to ‘Spin’ Impact of Europe’s Debt Crisis

Finance ministers can usually be relied upon to put the best spin on whatever is happening to the global economy. Not at this weekend’s Group of 20 meeting in Busan. The two days of talks were remarkable for ministers’ candor …

Florida Senator: Obama Not Doing Enough for State

U.S. Sen. George LeMieux criticized President Barack Obama’s handling of the Gulf oil spill Saturday, saying he hasn’t done enough to help Florida and the other affected states or their residents. Obama visited Louisiana’s Gulf Coast on Friday, hours after …

Former Vice President at Rhode Island Insurer Acquitted

A former executive at Rhode Island’s dominant workers’ compensation insurer was acquitted last month on a charge that he deceived state regulators about companies that were receiving discounted premiums. Superior Court Judge Edwin Gale acquitted David Clark, a former vice …

Business Moves

PURE Risk Management PURE Risk Management LLC, based in White Plains, N.Y., is expanding its Privilege Underwriters Reciprocal Exchange (PURE), a member-owned reciprocal insurer, to offer comprehensive, customized property and casualty insurance coverage to responsible owners of well-built, high-value homes …

Oklahoma Lawmakers Pass Workers’ Comp Legislation

The Oklahoma Legislature passed four measures that alter the state workers’ compensation system, including one that requires Senate confirmation of Workers’ Compensation Court judges – a proposal that Gov. Brad Henry vetoed last year. The House and Senate sent the …

V3 Introduces New Miscellaneous Professional Liability Program

V3 Insurance Partners LLC has introduced “Vantage360 MPL”, its miscellaneous professional liability program. Designed for non-degreed professionals and professional service firms, it includes two revolutionary features: a reputation restoration coverage extension and a consent-to-settle clause with no “hammer” provisions. A …

BP Lowers Containment Cap onto Wellhead But Uncertainty Remains

BP Plc managed Thursday to lower a containment cap onto its ruptured deep-sea wellhead in the Gulf of Mexico in a high-stakes bid to siphon off some of the oil billowing from its gusher. U.S. President Barack Obama canceled his …