| 1. | German Insurer Organized Orgy for Best Salesmen
May 23, 2011 -- A German insurance company says it organized an orgy with prostitutes in a renowned Hungarian spa to reward its best salesmen. A spokesman for Ergo insurance said one of its subsidiaries had organized the party in Budapest's art nouveau Gellert ... |
| 2. | P/C Insurers Facing Record Losses from Weather
May 24, 2011 -- Devastating tornadoes, floods, earthquakes overseas and a busier-than-usual hurricane season have U.S. insurance companies bracing for record losses in 2011. Insurers could suffer as much as $10 billion from weather-related losses in the United ... |
| 3. | U.S. Refuses to Pay Michigan Insurer for Ferrari Wrecked by FBI Agent
May 23, 2011 -- The U.S. Justice Department has refused to pay $750,000 to a Michigan insurance company for a Ferrari that was wrecked in Kentucky while driven by an FBI agent. In a recent response to a lawsuit in Detroit, the Justice Department insisted it's ... |
| 4. | Joplin, Missouri Tornado Insured Loss Estimate: $3 Billion
May 24, 2011 -- The tornado that devastated Joplin, Missouri could cost the insurance industry between $1 billion and $3 billion, according to catastrophe modeling firm Eqecat. The tornado is the deadliest to hit the U.S. since 1947 and the first single tornado ... |
| 5. | Florida Court Knocks Out Hulk Hogan Claim Against Agency
May 17, 2011 -- A Pinellas County, Florida judge dismissed a lawsuit filed by Terry Bollea, better known as celebrity wrestler Hulk Hogan, in a matter stemming from his son's 2007 car crash that left passenger, Nick Graziano, with permanent brain damage. Though ... |
| 6. | Philly Police Kill Man Who Allegedly Stabbed Insurance Agent
May 25, 2011 -- Authorities have identified the fatal stabbing suspect fatally shot by Philadelphia police over the weekend. The Philadelphia Inquirer reports officers shot and killed 22-year-old Eric Radcliff because he lunged at them with a knife as they tried to ... |
| 7. | Drunk, Joyriding Husband Covered by Insurance in Michigan for Crash
May 27, 2011 -- A western Michigan man excluded from his wife's insurance policy still is eligible for benefits in a drunken crash, thanks to a line of court decisions that covers joyriders from the same family. The state appeals court this week reluctantly ... |
| 8. | Suit Filed in Boy’s Fatal Fall After Lakers Game
May 26, 2011 -- A lawsuit has been filed on behalf of the family of a 2-year-old boy who plunged to his death from a skybox after a Los Angeles Lakers game in November, alleging there are unsafe conditions at Staples Center that must be fixed. The suit filed in ... |
| 9. | States Hit Hardest by Recent Tornadoes Among Least Insured
May 27, 2011 -- Many of the states hammered by what's already the deadliest year for tornadoes in more than half a century have among the nation's highest rates of homes without hazard insurance despite being among the most twister-prone, data analyzed by The ... |
| 10. | Allstate Targets Online Insurance Sales; Buys Esurance, Answer Financial
May 18, 2011 -- In a bid to capture more business from customers who shop online, giant Allstate Corp. has agreed to pay $1 billion to buy two popular online insurance sellers — Esurance and the associated site, Answer Financial. Allstate will pay a total ... |
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