Monthly Archives: <span>March 2008</span>

New Jersey Jury Awards $19M to Woman in Malpractice Case

A jury in Monmouth County, New Jersey awarded more than $19 million to a Freehold woman whose 10-year-old son was born with severe brain damage and cerebral palsy. A judge could reduce Monday’s award since the jury found there was …

Maryland Senate Revives Ban on Cell Phones, Texting While Driving

A cell phone driving ban that has been rejected many times by Maryland lawmakers — as recently as last week — is alive again and headed for approval in the Maryland Senate. But it’s still unclear whether this is the …

Grocery Chain’s Data Breach Shows Even Protected Systems Vulnerable

It was during the card approval process that more than 4 million customer accounts at grocery stores in the Northeast and Florida were exposed to fraud, even though the company meets the latest standards for data security, a spokeswoman said …

ACE Launches DataGuard plus for UK Business

The ACE European Group announced the launch of Dataguard plus, an insurance solution for UK businesses which fully reflects the diversity of risks associated with e-commerce and the Internet. ACE said the Dataguard plus policies provide “coverage for both first …

Google to Make Hurricane Flood Threat Data Available to Public

Americans in the hurricane danger zone may soon be able to use Google to find out if their own home is threatened by a dangerous storm surge, the director of the National Hurricane Center said Wednesday. Storm surge, the massive …

Former La. Lawmaker: Restitution Cash from Insurance Co. Liquidation

Former Louisiana Senate president Michael O’Keefe, serving 19.5 years for stealing from a failed medical malpractice insurance company, said he and his codefendants plan to pay $4.7 million in restitution by using money from the liquidation of another company connected …

Are Punitive Damages Insurable in Texas? High Court: Definitely Maybe

In Fairfield Insurance Co. v. Stephens Martin Paving, LP, the Texas Supreme Court addressed, for the first time, whether punitive damages were insurable in Texas. No. 04-0728, 2008 Tex. LEXIS 123 (Tex. Feb. 15, 2008). The certified question was whether …

Pacific Underwriters Adopts (I-Bind)® For Private Company and Non-Profit Risks

New York, NY- March 20, 2008: Pacific Underwriters announced that it has partnered with Darwin Professional Underwriters to place management liability insurance for private company and not-for-profit risks utilizing Darwin’s (i-bind)® technology system. Pacific Underwriters will offer directors and officers …

Merrill Lynch Files Suit Against Security Capital’s XL

Merrill Lynch & Co In said Wednesday that it filed a lawsuit against XL Capital Assurance Inc. Merrill said it filed the suit to make clear that XL Capital Assurance, a unit of Security Capital Assurance Ltd , is required …

Recall Crisis Recovery sm (RCR sm) Customized Recall Policy for Small to Mid-Sized Manufacturers

New Forms! New Wording! EXPOSURE: Do your clients know they are legally responsible for the safety of food and beverage products they manufacture? Governmental agencies do NOT differentiate based on the size of a manufacturer! All companies are equally obligated …