An insurer has agreed to pay $20 million in what is believed to be the state’s richest settlement of a bad faith claim. According to the plaintiff’s attorney, Robert Mongeluzzi of Saltz Mongeluzzi Barrett & Bendesk, Princeton Insurance Co. has …
The state is suing more than a hundred companies, including manufacturers and marketers of a widely used gasoline additive, saying they harmed natural resources such as groundwater, environmental officials said. “We are committed to holding accountable those polluters whose actions …
Farmers Insurance Group has been fined $750,000 for allegedly setting up incentives for auto insurance adjusters to underpay some claims and deny others, Insurance Commissioner Jim Poolman said. The fine is the largest the Insurance Department has ever imposed, Poolman …
A New Jersey judge handling hundreds of lawsuits over Wyeth’s hormone replacement drug Prempro has ruled that a federal law does not bar state lawsuits alleging drugmakers did not adequately warn about a product’s risks. The ruling, released last week …
There is a border here between life and death. On one side are the bouquets and wreaths of fading flowers; balloons and ribbons and small American flags where the living remember nine fallen Charleston, South Carolina firefighters. Beyond the memorials …
A wrongful death lawsuit has been filed against a coal company by the family of a miner who was killed in a roof fall. John David Elliott, 26, of Morgantown was killed Dec. 17 at Dana Mining Prime No. 1 …
Swiss Re will be present a web cast revealing the results of a study which looks at the connection between climate patterns and Asia’s typhoon activity, and what this means for insurers and insurance policies. The webcast will air on …
The Association of British Insurers has released a preliminary claims estimate from the recent floods and storms, indicating that they are “expected to reach £1billion [$2 billion].” The ABI also warned: “This figure could rise if more properties are affected …
So far London has averted two potentially lethal terrorist car bombings and Glasgow’s International airport barely missed being the site of a third. The spate of terror attacks, which to some extent had been expected, led newly installed Prime Minister …
Insured loss estimates for the Angora Fire burning in Lake Tahoe have been upped to $100 million to $150 million, according to Risk Management Solutions, a Newark, Calif.-based risk modeling company. However, the California Department of Insurance predicted that many …