Families of eight firefighters killed battling a South Carolina furniture store fire almost three years ago have settled with another group of lawsuit defendants for more than $1.2 million. The June 18, 2007, fire at the Sofa Super Store killed …
A federal judge refused to dismiss 40 lawsuits against a Switzerland-based pharmaceutical company accused of failing to warn patients that two of its drugs can cause severe jaw deterioration. U.S. District Judge Todd Campbell’s ruling last week was the latest …
Swiss Re released its preliminary estimates for losses from the magnitude 8.8 earthquake that hit Chile on February 27 – $500 million – and from European windstorm Xynthia – $100 million. Both estimates are “net of the benefits of retrocession.” …
The Internet was built on freedom of expression. Society wants someone held accountable when that freedom is abused. And major Internet companies like Google and Facebook are finding themselves caught between those ideals. Although Google, Facebook and their rivals have …
The transportation and warehousing industry was the most dangerous industry in 2009 in Oregon, according to the state Department of Business and Consumer Services, Information Management Division. According to DCBS’ recent report on compensable fatalities by industry, transportation and warehousing, …
National Contractors Insurance Company, Inc., a Risk Retention Group (“NCIC”), A.M. Best Rated B+ (Good), is expanding from 25 to 35 states, with their Commercial General Liability coverage now being made available in Alabama, Connecticut, Indiana, Iowa, Kansas, Ohio, Mississippi, …
Consumers in North Carolina were able to recover more than $9 million from insurance companies in 2009 with the assistance of the state insurance department. Insurance Commissioner Wayne Goodwin said the recovery came from his department’s handling of more than …
The driver of a 2008 Toyota Prius said his car uncontrollably accelerated to over 90 miles per hour on a San Diego County freeway before a California Highway Patrol officer helped him stop the car, police said. The driver, 61-year-old …
The Association of Bermuda Insurers and Reinsurers (ABIR) has filed an opposition to HR 2555 which, the Association warns would “replace private sector risk bearing capital with government reinsurance and government guarantees of state debt.” In a letter addressed to …
As the federal government strengthens the authority of the Occupational Safety and Health Administration, national claims and risk management service provider Avizent is preparing for these changes by expanding its in-house Loss Control program to serve clients nationwide. “The federal …