New York State and City have sued Merck & Co. Inc., joining thousands of others who say the drug maker cheated government insurance programs by hiding the dangers of heart problems associated with its pain medication Vioxx. The lawsuit, filed …
An 18-year-old Waterford, Conn. man has pleaded guilty to setting fire to the former Griswold Town Hall building in Jewett City, Conn. Curt Rivard accepted a plea deal in Superior Court that includes a six-year prison sentence and five years …
Swiss Re’s Chief US economist, Kurt Karl, issued a comment following the decision by the Federal Reserve to lower the target fed funds rate 50 basis points to 4.75 percent. He described the move as a “strong action to alleviate …
American International Group has donated $300,000 to its Disaster Relief Fund (DRF) to help CHF International bring relief to earthquake-affected Peruvians, as they rebuild and recover from the 7.9 magnitude quake that struck the country August 15. The quake killed …
Shanghai, China’s financial hub, has been spared the full impact of Typhoon Wipha, as the storm’s center passed around 60 miles (100 kms) to the west of the densely populated area. Wipha weakened substantially once it hit the Chinese mainland, …
Nobody can say how many hurricanes will hit Hawaii each year, according to a climate change expert, but there’s no doubt they’ll get worse. “I can’t tell you there will be more of them,” environmental scientist Stephen Schneider told Big …
The Indiana Department of Natural Resources (DNR) and Purdue University’s Extension Service are offering safety classes to help riders of all-terrain vehicles reduce and avoid injuries and fatal accidents. Indiana had more than 200 ATV accidents last year, including eight …
Oklahomans affected by multiple rounds of severe weather this year have been approved to receive more than $120 million in federal aid, according to statistics from the Federal Emergency Management Agency. That money includes funds for emergency housing, infrastructure repairs, …
The vast majority of U.S. insurers have little or no exposure to the volatility in the subprime mortgage market because a substantial percentage of their investments are in the highest-rated bonds or stocks with no direct ties to lenders, an …
The Texas Department of Insurance Division of Workers’ Compensation issued a reminder that workers’ compensation system health care providers and insurance carriers are required to be able to exchange medical billing and reimbursement data electronically beginning Jan. 1, 2008. To …