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11, 2015
Judge Rules Punitive Damages Possible for GM in Ignition Case
General Motors Co. may be liable for punitive damages in lawsuits it faces over an ignition switch problem that prompted the recall of millions of vehicles last year, a U.S. judge said on Monday. The decision from U.S. Bankruptcy Judge …
10
11, 2015
Global Temperature Rise on Track to Hit Half-Way Point of ‘Tolerable Threshold’
The world is on track to reach 1 degree Celsius of global warming this year since the industrial revolution, the half-way point toward the maximum tolerable threshold identified by scientists. That’s the conclusion of the Met Office, the U.K. government-backed forecaster that’s …
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11, 2015
EU Expected to Agree to Securitization Plan by Year End, to Boost ABS Market
European Union finance ministers should reach a deal by the end of the year on a plan to revamp the securitization market in Europe, the European commissioner for financial services said on Tuesday. The European market for asset-backed securities (ABS) is only …
9
11, 2015
Company Sues Jenner, Studio in California over Kardashian Video Game
A video game company is suing a rival studio and Kris Jenner claiming its idea for a Kim Kardashian mobile game was stolen. The copyright infringement lawsuit filed by Just Games Interactive Entertainment LLC states it prepared a detailed pitch …
9
11, 2015
Mass. Drivers to Receive $5.4M in Relief on High-Interest Auto Loans
A national auto lender has agreed to provide $5.4 million in relief to more than 450 Massachusetts consumers over allegations that it charged excessive interest rates on its subprime auto loans, Massachusetts Attorney General Maura Healey announced. Under the terms …
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11, 2015
‘Best Practices’ Agencies Continue to Build Value: Big ‘I Study
Most “Best Practices” independent insurance agencies have been able to either grow or maintain the value of their businesses while focusing on staff development and technology, according to the latest report by the Independent Insurance Agents and Brokers of America …
9
11, 2015
SBA Loans Available to Southwest Virginia Storm Victims
Low-interest disaster loans are available to Virginia businesses and residents in southwest Virginia that were drenched by rains in late September and early October. The Small Business Administration loans are in response to a disaster declaration issued by Virginia Gov. …
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11, 2015
Forrest T. Jones Launches Accountants Professional Liability Program
Forrest T. Jones & Company (FTJ) has completed an agreement with Liberty International Underwriters (LIU) to serve as the program administrator for LIU’s national accountants’ professional liability insurance program for accounts with annual revenues up to $5 million. FTJ will …
9
11, 2015
FEMA’s Sandy Flood Insurance Review Taking Longer Than Expected
The Federal Emergency Management Agency’s review of Superstorm Sandy flood insurance claims is taking longer than expected, with fewer than 200 checks issued. FEMA announced in March the review for as many as 142,000 claims after homeowners complained they were …
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11, 2015
Kinsale Launches New Law Enforcement/Police Professional Product
Kinsale Insurance Co. has launched a new law enforcement/police professional product. This is the initial product in Kinsale’s recently established Public Entity Division. Per Clay Rhoades, Kinsale vice president, law enforcement/police professional is the first of many products planned for …