A federal jury in a civil case concluded last Friday that a former Brightpoint executive violated U.S. securities laws by helping a colleague create a finite reinsurance scheme to conceal millions of dollars in losses by the Indiana cell phone …
South Carolina Gov. Mark Sanford repeated calls last week for state and local officials, not the federal government, to retain control during hurricane response efforts. The Republican governor said the lack of preparation for Hurricane Katrina in New Orleans in …
The board of Citizens Property Insurance approved a nearly $2 billion financing plan last week that will give the state-backed company nearly $9 billion to pay hurricane damage claims this summer. Citizens, which has grown to be the largest residential …
A building boom of homes on the fringes of wilderness has created a new kind of hero: the wildland firefighter who often saves the day — and the homes. But success has created high public expectations that can have deadly …
The former owner of an embattled towing company in Mesa, Ariz., is suing an insurance company for defamation and $10 million in damages. Lee Watkins is refuting a claim that Cactus Towing was one of several Phoenix-area tow companies that …
A Helena, Mont., woman who used a check scheme to steal nearly $158,000 from her employer has been sentenced to four years in prison. A federal judge imposed the sentence on 43-year-old Margaret Blixt, and ordered $157,710 in restitution plus …
The nation’s chief mine safety agency has gone to court to try to compel a Kentucky coal company to pay fines, the fifth such lawsuit in a little more than a year, federal officials announced. The federal Mine Safety and …
Tupelo was the first city in Mississippi to approve camera enforcement at intersections. Traffic cameras will go live on Aug. 1 at three Tupelo, Miss. intersections with the possibility that others will be installed in the future, according to city …
Forecasts for a busier-than-normal hurricane season mean added pressure on the utility and insurance industries, but they say they’re more prepared to absorb a catastrophic hit. Power utilities have invested in hardier equipment to better withstand storms, gas utilities have …
Exclusive Video Interview Greenberg Interview, Take 4: Growing C.V. Starr Chairman Maurice “Hank” Greenberg is busy growing his current insurance organization, privately-held C.V. Starr & Co. and all of its units, through acquisitions and investments at home and abroad. His …