A tanker truck carrying 9,500 pounds of liquid propane exploded into flames after rolling over an embankment Monday on Route 7 in the Rensselaer County town of Hoosick. The Record of Troy reports that the driver was flown to a …
A judge says the rape of a student on the University of Mary Washington’s campus is a tragic case but the school isn’t liable for criminal acts on its property. The Free Lance-Star reports that Fredericksburg Circuit Court Judge Gordon …
The Japanese earthquake is set to be the first natural disaster that triggers a number of catastrophe bonds, surpassing Hurricane Katrina to become the event with the biggest impact on the alternative reinsurance sector. But cat bond investors are still …
There were some weary insurance agents in the region March 16. There were plenty of farmers with better-than-usual crop insurance coverage, too. March 15 was the deadline for purchasing or modifying crop insurance for spring-planted crops this growing season. Two …
San Diego, CA, 3/30/11 – American Claims Management, Inc. (ACM) has been appointed as the third party claims administrator for the California Restaurant Mutual Benefit Corporation (CRMBC), the largest self-insured group in California. Effective April 1, 2011, ACM will commence …
Natural catastrophes and man-made disasters cost the insurance industry $43 billion in 2010, Swiss Re, the world’s second-biggest reinsurer, said on Tuesday, revising up an earlier estimate. Swiss Re also revised down its estimate of worldwide economic losses from 2010 …
Several Supreme Court justices sharply questioned Tuesday whether female employees at Wal-Mart Stores Inc. can proceed with the largest class-action sex-discrimination lawsuit in history that seeks billions of dollars. At issue in the case is whether a small group of …
Insurance is paying for the bulk of the cost of replacing the roof of the 29-year old Hubert H. Humphrey Metrodome in Minneapolis, Minn. Workers on March 25 began replacing the roof, which ripped open after a December storm dumped …
Jurors have rejected claims that a Massey Energy coal-loading silo built near a southern West Virginia elementary school exposed hundreds of children to possible health problems. The five year old class-action lawsuit claimed that Virginia-based Massey and a subsidiary, Goals …
An appeals court has thrown out a $5 million verdict awarded in 2008 to a former New York City police officer who accidentally shot himself in the knee. Anderson Alexander sued the city, claiming he accidentally shot himself in 2002 …