Chicago cosmetics mogul Marilyn Miglin has filed a lawsuit against a man she said defrauded her by persuading her to invest in a startup company that failed and bankrupted her. James Joseph “Ted” Mellon and others convinced her to invest …
Two years after hurricanes Katrina and Rita, the insurance market in Louisiana may have hit bottom and could be ready for a rebound as levees are strengthened and the state undertakes regulatory changes, the state’s insurance commissioner and experts say. …
Texans driving without insurance may have a harder time dodging a ticket when the state unveils a $6 million database in January that will give police immediate access to updated coverage information. The Texas Financial Responsibility Verification Program targets the …
A Philippi, West Virginia company that developed a heart and breathing monitor for firefighters and helped NASA research global warming has been hired to create a prototype tracking system to locate miners underground. Extreme Endeavors has until the end of …
Lockton announced from its London office that it has “designed an exclusive insurance product called Business Resilience in partnership with Kiln, an international insurance and reinsurance underwriter.” The coverage targets Lockton clients, who have “time critical networks and who have …
Hurricane Felix has been downgraded by Miami’s National Hurricane Center to a tropical depression as it crosses Central America. The storm left at least four people dead in Nicaragua, as it tore the roofs off houses and downed trees across …
The recent shutdown of a Browns Ferry reactor in Alabama because of high Tennessee River temperatures was international news. In the mainstream press from Britain to Germany to Malaysia, on National Public Radio, and in anti-nuclear blogs worldwide, people who …
The Alabama Supreme Court pointed to jury instruction error in reversing a $3.85 million award for a Jackson couple in a medical malpractice suit over the death of their 6-year-old son. The ruling allows a retrial in Mobile County of …
Re Finance: The ABCs of Financial Reporting and Analysis for Property/Casualty Insurers and Reinsurers Washington, D.C. – If memories of Enron, Arthur Andersen and WorldCom keep you up at night, register your Audit Committee members for the Reinsurance Association of …
Standard & Poor’s Ratings Services said today that it assigned its ‘AA’ financial strength rating to PMI Insurance Co. (PIC) with a stable outlook. “PIC is incorporated in the state of Arizona and is a wholly owned subsidiary of PMI …