The federal government is overpaying private insurance companies that manage flood insurance policies by as much as 16.5 percent. To just six of the 87 participating carriers, the Federal Emergency Management Agency (FEMA) paid $327.1 million more than their actual …
SAN DIEGO – The Insurance Brokers & Agents of San Diego along with the Insurance Industry Charitable Foundation of San Diego will be hosting a lunch discussion on October 7, 2009 with guest speaker Linda Smith, President of Preferred Employers. …
David Overbey is no scientist, but he says a person doesn’t have to be to see how much the Illinois River has improved in recent years. Overbey, a 67-year-old retired laborer who spends his days fishing the river in the …
A federal appeals court has asked the Oregon Supreme Court to rule on whether the state must approve any settlement of punitive damages awarded by a jury. Under current law, Oregon gets 60 percent of those punitive damages — an …
Big automakers expressed support Wednesday for banning American drivers from text messaging with a hand-held device, a safety issue that the U.S. government will examine at a “distracted drivers” conference next week. The Alliance of Automobile Manufacturers, which represents all …
British oil giant BP Plc has failed to carry out promised safety improvements after an explosion that killed 15 workers at its refinery in Texas in 2005, the U.S. Occupational Safety and Health Administration said in letter sent to the …
A.M. Best Co. has assigned a debt rating of “a-” to the new issuance of $300 million 7.35 percent 10-year senior unsecured notes of W. R. Berkley Corporation, and has assigned them a stable outlook. Proceeds from the current offering …
Standard & Poor’s Ratings Services has assigned its preliminary ‘BBB-‘ senior unsecured debt, ‘BB+’ subordinated unsecured debt, and ‘BB’ preferred shares ratings on Fairfax Financial Holdings Ltd.‘s US$2 billion universal shelf, which was filed on Sept. 18, 2009. S&P said …
A Connecticut police officer fired over allegations he threatened the lives of his superiors is suing town and police officials, claiming age discrimination and civil rights violations. Forty-eight-year-old Daniel Hedges filed the lawsuit in U.S. District Court last Thursday. He …
A former IBM employee who was fired for visiting an adult chat room while at work has appealed a court decision against him. James Pacenza, 60, of Montgomery, New York had claimed that post-traumatic stress stemming from combat in Vietnam …