| 1. | Tom Hanks, Rita Wilson File Lawsuit Against Former Insurance Broker
Mar 23, 2011 -- Actor Tom Hanks and his wife, Rita Wilson, have filed a lawsuit seeking unspecified damages from their former insurance broker. According to celebrity gossip Web site TMZ, which discovered the lawsuit, Hanks and Wilson previously worked with the ... |
| 2. | Injured Cyclist’s Family Sues Car Driver for $10M
Mar 24, 2011 -- The family of a comatose cyclist is suing for $10 million the driver of the car that struck him in Maryland. Lawyers in the lawsuit filed Monday allege that 83-year-old Jeanette Marie Walke violated traffic laws on Feb. 26 when she turned into the ... |
| 3. | AIG Estimates $1 Billion in Q1 Catastrophe Losses, Most from Japan
Mar 20, 2011 -- American International Group Inc. said it would post an estimated $1 billion in pre-tax catastrophe losses in the first quarter, mostly from exposure to the March 11 earthquake in Japan. AIG said its exposure would be about $900 million after-tax. ... |
| 4. | Insurers, Brokers Settle Spitzer-Era Bid-Rigging Case for $37 Million
Mar 23, 2011 -- Lawyers for a majority of the 15 insurance company and broker defendants in a long-running suit accusing them of bid-rigging are scheduled to be in court today outlining a proposed settlement that will cost them about $36.7 million. The antitrust ... |
| 5. | Happy 100th Birthday Workers' Compensation: The Great Tradeoff!
Mar 23, 2011 -- Happy 100th Birthday Workers' Compensation: Now What ? This year marks the 100th anniversary of the workers' compensation system in the U.S. As Christopher Boggs, director of Education for Insurance Journal's Academy of Insurance, writes in ... |
| 6. | U.S. P/C Insurers’ Results for 2010 Get ‘Mixed Review’ from A.M. Best
Mar 24, 2011 -- The U.S. property/casualty insurance industry's financial results for 2010 represented a mixed bag, with some good results and some that are of concern, according to a leading rating organization. A.M. Best Co. reported that property/casualty ... |
| 7. | Ratings: Berkshire Hathaway/Lubrizol; First Mercury, Mennonite
Mar 21, 2011 -- Standard & Poor's Ratings Services has stated that the ratings on "Berkshire Hathaway Inc. (BRK; AA+/Stable/A-1+) and its insurance subsidiaries are unaffected by BRK's announcement that it has agreed to acquire specialty chemical manufacturer ... |
| 8. | Supreme Court Makes It Easier to Sue Businesses
Mar 23, 2011 -- The Supreme Court made it easier to haul businesses into court, ruling this week that investors can sue them for purposefully withholding damaging information about a product and that employees can sue them for retaliation without having to make a ... |
| 9. | Former New York Lawmaker Faces Prison for Insurance Fraud
Mar 21, 2011 -- A former Long Island lawmaker faces up to 15 years in prison when he is sentenced today in a Hamptons fraud case. George Guldi was convicted last month of grand larceny and insurance fraud involving the reconstruction of his Westhampton Beach home. ... |
| 10. | Virginia Man Wins $25M in Lawsuit Against Exxon
Mar 21, 2011 -- A jury awarded a former shipyard employee $25 million Thursday in his lawsuit against Exxon for asbestos-related medical problems. The verdict, which followed a two-week Circuit Court trial, was one of the largest jury verdicts ever handed down in ... |
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