In a victory for an insurance company accused of acting in bad faith, the Oregon Supreme Court ruled that a $20.7 million jury award for punitive damages in a fatal traffic accident in 1987 was excessive. The case also set …
Sen. Max Baucus, D-Mont., called on federal environmental protection officials to declare a “public health emergency” in Libby, Mont. after insulation that likely contained asbestos was found leaking from a small hole in an outside wall at an elementary school. …
The strong winds and heavy rain impacting the UK and France are a result of a deep low pressure system crossing the UK called windstorm Johanna. There are reports of power outages, downed trees and scattered damage in southern England. …
Filing a workers’ compensation claim for a back injury allegedly didn’t stop a Brewster, N.Y. man from working as a bartender at three different establishments, nor from directing traffic as a flagger for Verizon and applying for a hack license …
Illinois Insurance Director Michael McRaith recently announced a statewide effort to enforce Illinois’ statutes regarding certificates of insurance and warns producers and companies that violations can result in significant penalties. “The issue of amending or altering certificates of insurance that …
An insurance agency employee in the Zachary, La., area has been issued a cease and desist order and fine notice for acting as an agent without a license, misappropriation of insurance premiums and forgery, according to the Louisiana Department of …
The federal government must help stabilize homeowners’ markets challenged by natural catastrophes, said U.S. Rep. Tim Mahoney, D-Fla., at a National Conference of Insurance Legislators meeting in Washington, DC. Outlining one of several possible options being explored by NCOIL as …
Coal operator Consol Energy has been cited for a safety violation that federal investigators say contributed to the death of a 35-year-old worker at a West Virginia mine. A federal Mine Safety and Health Administration report issued March 7, says …
The West Virginia Legislature passed a bill cracking down on drunken drivers. Under legislation sent to Gov. Joe Manchin, first-time offenders with blood-alcohol levels of .15 or greater would be required to have interlock systems installed in their vehicles. West …
William R. Berkley runs W.R. Berkley Corp., his $5 billion insurance holding company of diverse specialty and regional insurers, a lot like a family business where the parents trust their kids to behave. Diversity and decentralized management have worked well …