The Mississippi Supreme Court has upheld a $1.5 million judgment against Canadian National/Illinois Central railroad in a favor of a worker injured in 2000 at the Jackson train yard. In the closely decided case, three justices said the railroad didn’t …
An international consortium of nine automakers and two parts suppliers is asking researchers for proposals to develop “virtual humans” — computer programs that will help them design safer cars and trucks. The Global Human Body Models Consortium LLC says the …
A federal judge in New Jersey has dismissed a securities class action lawsuit brought against Merck & Co. by investors over its one-time blockbuster drug Vioxx because the statute of limitations has run out. Investors had charged Merck with providing …
The Georgia House Judiciary Committee gave the green light last week to a measure that would overhaul the way insurance companies pay for accidents involving underinsured drivers, despite warnings from Georgia’s top insurance official that it could hike insurance premiums …
he widow of a former shipyard worker who died from exposure to asbestos while building Navy aircraft carriers was awarded $5.55 million by a Circuit Court jury in Virginia. The seven jurors determined hat Kay Oney should receive the damages …
Standard & Poor’s Ratings Services has published “Takaful: A New and Viable Insurance Business Model or Just A Marketing Opportunity?” The study examines the potential $4 billion market in the Middle East for the coverage, which adheres to principles of …
A.M. Best Co. has released its country risk report on China, classifying it as “Tier III.” It can be accessed at: www.ambest.com.hk/countryrisk. Best also announced: “Louise Julier, General Manager, Business Development – Ratings for A.M. Best, will be attending Lloyd’s …
The Arizona Court of Appeals has ruled that subjective pain does not fall under Arizona’s definition of an injury for which an employee is entitled to workers’ compensation benefits. According to court documents, in Polanco vs. Industrial Commission and Pima …
The debate was quick and anticlimatic in the Senate last week, as lawmakers approved a proposed Insurance Fair Conduct Act that touched off a major tiff on the House floor a week earlier. In less than a minute, senators agreed …
The Utah Supreme Court has found that a “party may recover under the doctrine of estoppel when an insurance agent makes material misrepresentations as to the policy provisions, the party reasonably relies on those misrepresentations in buying the coverage, and …