State Farm reported damage caused by wind and hail cost the company and its policyholders more than $3.2 billion in 2010. The states with the most wind/hail losses include: Illinois —44,000 claims, average cost per claim $8,150 Texas —36,000 claims, …
Minnesota’s 3M Co. has agreed to pay up to $12 million to settle an age-discrimination lawsuit with as many as 7,000 current and former employees. The 2004 lawsuit targeted the company’s performance-review system, alleging that older workers were disproportionately downgraded. …
A jury awarded a former shipyard employee $25 million Thursday in his lawsuit against Exxon for asbestos-related medical problems. The verdict, which followed a two-week Circuit Court trial, was one of the largest jury verdicts ever handed down in Virginia. …
A third man has filed a civil lawsuit charging that officials from the Archdiocese of Philadelphia covered up sexual assault allegations against a priest who molested him. The lawsuit filed Wednesday in the city’s Court of Common Pleas says the …
The St. Louis County town of Overland, Mo., has agreed to a $1.2 million settlement of a lawsuit over the death of a man who died after falling down stairs during an argument with police. The St. Louis Post-Dispatch reports …
A Milwaukee-based company accused of firing a woman after she got pregnant has agreed to pay $35,000 to resolve a federal charge of sex discrimination. The agreement was announced by the U.S. Equal Employment Opportunity Commission. Durable Contract Services Inc. …
Illinois Attorney General Lisa Madigan announced that Honeywell International Inc. has agreed to pay a civil penalty of $690,000 to resolve a lawsuit that alleged the company illegally stored thousands of drums containing radioactive and hazardous waste at its facility …
A Eugene, Ore., man accused of filing at least 30 fraudulent car damage claims that cost insurance companies nearly $200,000 has pleaded guilty to wire fraud and aggravated identity theft. U.S. Attorney Dwight Holton said 45-year-old Timothy Devon Huntley Jr. …
A San Diego woman who falsely claiming disaster relief funds after Hurricane Katrina has been sentenced to more than 27 months in federal prison. City News Service says Cynthia D. Magee also was ordered to pay $20,572 in restitution. She …
Catastrophe modeling firm EQECAT has issued a bulletin describing the potential insured market losses and summarizing the various impacts of Japan’s insurance market with its specific inclusions and exclusions. Earthquake Shaking (EQ Shake)EQECAT identified this as the biggest exposure in …