| 1. | Starr International Files $25B Suit Against U.S. Over AIG Takeover
Nov 21, 2011 -- A company run by former American International Group Inc Chief Executive Maurice "Hank'' Greenberg sued the U.S. government for $25 billion, calling the 2008 federal takeover of the insurer unconstitutional. The lawsuit marks an unusual effort to ... |
| 2. | Allstate Drops North Carolina Homeowners Who Insure Autos Elsewhere
Nov 22, 2011 -- Some North Carolina residents who insure their residences through Allstate are finding themselves dropped by the company for refusing to bundle their home and auto coverage. Allstate Insurance Co. has informed 45,000 homeowners that it will ... |
| 3. | Georgia Factory Worker Sues After Being Fired for Refusal to Wear ’666′
Nov 21, 2011 -- A Georgia factory worker claims in a federal lawsuit that he was fired after he refused to wear a `666' sticker he feared would doom him to eternal damnation. Billy E. Hyatt claims he was fired from Pliant Corp., a plastics factory in northern ... |
| 4. | Supreme Court Names Lawyers to Argue Healthcare Case
Nov 21, 2011 -- The Supreme Court has named an attorney to argue that challenges to President Barack Obama's healthcare insurance requirements must wait until after that part of the law has taken effect in 2014. The high court also appointed a second attorney to ... |
| 5. | Agency E&O Survey: Why Agents Buy Coverage
Nov 22, 2011 -- Agency owners have a lot to protect. Of course, first and foremost they must protect their clients. But they must also protect their book of business. They must protect their relationships. They must protect their reputation in the community they ... |
| 6. | Kentucky Amish Teen Killed When SUV Strikes Buggy
Nov 22, 2011 -- An Amish teenager was killed when the horse-drawn buggy he was driving was struck from behind by a sport-utility vehicle in south-central Kentucky. State Police said the buggy did not display a slow-moving sign or reflectors. Aaron Byler, 18, of Cub ... |
| 7. | Georgia Jury Awards $9.85 Million in Child’s Drowning
Nov 23, 2011 -- A Gwinnett County jury has awarded $9.85 million in damages in a wrongful death lawsuit brought by parents of a 2-year-old who died from drowning in a daycare facility in Buford. The child's parents, Kemi Green and Gbolohan Bankolemoh, enrolled ... |
| 8. | Catastrophe Property Market Under Pressure: NAPCO
Nov 21, 2011 -- The catastrophe property market seems to be moving away from soft market pricing conditions, but weak insurance demand and too much capacity is limiting insurers' pricing power, a new report says. "The industry has weathered a tough year, and ... |
| 9. | Black Friday, Cyber Monday Bring Out the Risk Grinch
Nov 23, 2011 -- The rush is the risk on Black Friday and Cyber Monday in the eyes of a retail insurance and risk expert who previously worked in retail for 22 years. Kelly Brown of Zurich North America doesn't go so far as to describe the holiday time as a zombie ... |
| 10. | New York Loosens Commercial Insurance Regulations for Large Insureds
Nov 21, 2011 -- New York State Department of Financial Services announced on Monday that it issued new regulations to implement a recently adopted state law that deregulates most insurance business for large, sophisticated companies. The law exempts insurers from ... |
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