Allstate Insurance Co. must pay a Louisiana man who lost his home to Hurricane Katrina more than $2.8 million in damages and penalties, a federal jury decided April 16 in a case that hinged largely on whether it was wind …
Lucent Technologies will pay $195,000 to settle an age discrimination lawsuit filed on behalf of a 55-year-old worker who lost his job after more than three decades with the telecommunications equipment maker, the U.S. Equal Employment Opportunity Commission said last …
The Oklahoma House of Representatives recently approved a bill that would protect Oklahoma’s farmers and ranchers from frivolous lawsuits claiming animal manure is toxic waste. Under Senate Bill 709, by state Sen. Ron Justice (R-Chickasha) and state Rep. Terry Hyman …
A fast moving storm that slammed into the Dallas/Fort Worth area on the night of April 13 spawned tornadoes and large hail and caused an estimated $25 million in insured losses. Two people, including an Irving police officer, lost their …
Emergency officials in West Virginia asked hundreds of Lincoln County residents living downriver from an earthen dam to evacuate last Sunday night because of concerns the dam might crumble and loose millions of gallons of water. Heavy rains caused Lee’s …
Lawyers for the state of Rhode Island and former lead paint manufacturers were expected this week to recommend experts to assist a judge as he directs the companies to carry out what could be a hugely expensive cleanup of homes …
The United States’ sixth-largest Roman Catholic diocese is headed to trial this week in a $150 million lawsuit accusing church officials of recklessness for employing a youth minister who raped and sodomized teenagers. But despite its familiar scenario of youths …
Swiss Re announced its successful participation in structuring and placing $150 million of securities covering flood and earthquake catastrophic events in Great Britain, Canada and the United States on behalf of Allianz. The reinsurer’s bulletin notes that the multiperil issuance …
Europ Assistance, which has considerably expanded from its French origins into international operations, has launched a new Commercial Property Assistance (CPA) product, “which,” it said, “will be made available to commercial property insurers, intermediaries and lenders. The suite of property …
Lloyd’s announced the official opening of its Chinese reinsurance operations (See IJ web site April 3 and April 25, 2006) at a ceremony attended by “a host of dignitaries,” including Lloyd’s Chairman Lord Levene. He presided over a “special ceremony …