A Jackson County judge won’t let a jury consider punitive damages in the case of a Pascagoula couple who sued their insurer for unpaid Hurricane Katrina damages. USAA had paid the Lisanbys $46,000 for their wind damage, denying the rest …
A jury says the parents of a premature baby who died at Tampa General Hospital should be awarded $12 million dollars. Allyson Parham and Robert Gardner contended their child died because Tampa General didn’t have the appropriate specialists on its …
Fitch Ratings has placed the ratings of XL Capital Ltd. and its P/C (re)insurance subsidiaries, including the Issuer Default Rating (IDR) and the Insurer Financial Strength (IFS) rating of lead (re)insurance companies XL Insurance (Bermuda) Ltd. and XL Re Ltd. …
It appears the “rogue” trading in the investment banking industry may not be an isolated problem. After Jerome Kerviel cost French bank Société Générale to book some $5 billion in losses, Morgan Stanley announced last week that it has lost …
Swiss Re announced that it has obtained $150 million worth of protection against North Atlantic hurricanes, European windstorms, Californian earthquakes and Japanese earthquakes and typhoons through a natural catastrophe protection program named Vega Capital Ltd. Swiss Re described Vega as …
Firefighters have battled more than a thousand wildfires burning throughout Northern California to a stalemate, but forecasters said dangerous fire conditions will not relent anytime soon. No new major fires had broken out as of Sunday, June 29, 2008, as …
California District Attorney Todd D. Riebe announced that John Daniel Griffin, a former California Department of Corrections and Rehabilitation (CDCR) correctional officer, was convicted of three misdemeanor counts of workers’ compensation fraud in Amador County Superior Court. On June 19, …
IBSL (formerly known as International Brokerage & Surplus Lines) is pleased to announce that Mike Reiter has joined the firm as a principal. Mike brings a wealth of experience to IBSL having previously served as VP of Operations at Superior …
The Mississippi Supreme Court refused to hear an appeal of the embezzlement convictions of the former owners of Salts Funeral Home in Booneville, Miss. A Lee County jury in 2005 convicted Michael I. Salts and Alice Marie Salts each on …
A former Tennessee insurance executive is accused of trying to buy his way out of prison. Federal authorities charged James Michael Foley of Germantown last week with bribery of a government official and obstruction of justice. Drug Enforcement Administration agent …