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Lincoln, Nebraska OKs $1M to Help Victims of Sewer Backups
The City Council in Lincoln, Neb., has approved a $1 million disaster assistance program to aid Lincoln residents whose homes were damage by raw sewage that backed up during heavy rains, but some of the victims are still considering suing …
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DUIs, Traffic Violations From Court Under in California Corruption Probe
Hundreds of Orange County court cases are being scrutinized amid suspicions that someone was paid to fix DUI and other traffic violations by falsifying court records. The FBI and county prosecutors are investigating, and about 600 Superior Court cases, some …
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Greenberg Will Appeal AIG Bailout Case Over Lack of Damages
For Hank Greenberg, winning is not enough. Despite a victory over the federal government Monday in his six- year fight over the bailout of American International Group Inc., his Starr International Co. announced Tuesday that it will appeal the verdict …
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Judge Delays Ex-Massey CEO’s Trial, Keeps Case in West Virginia
A federal judge has agreed to delay the criminal trial of former Massey Energy CEO Don Blankenship. U.S. District Judge Irene Berger on Friday delayed the trial from July 13 to Oct. 1, The Charleston Gazette reports. Berger also ordered …
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Vermont’s New Law Makes Child Safety Priority
Vermont’s new child safety law shifts the state’s priority in protecting children to their well-being from an imperative to reunite them with their families, officials said Monday during the governor’s bill-signing ceremony at his Statehouse office. The workings of Vermont’s …
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Barbican Underwriter Elected Chair of Lloyd’s Market Association Cyber Group
Geoff White, underwriting manager for Cyber, Technology and Media at Barbican Insurance Group, has been elected chairman of the Lloyd’s Market Association’s (LMA) newly created Cyber Business Panel. White was elected by the members of the panel on June 5. …
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Federal Reserve Plan for Insurer Capital Standards Rests on States: Reuters
The U.S. Federal Reserve is considering a proposal for new nationwide insurance capital standards that would rely heavily on the current system of state-based regulations, according to a copy of the plan seen by Reuters and people familiar with the …
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Geologists Studying Cause of Recent String of Alabama Earthquakes
Jim Sterling didn’t know what had hit his 156-year-old antebellum home when an earthquake struck Alabama’s old plantation region early one morning last November. Startled, he grabbed a gun and ran outdoors. In the pre-dawn chill, Sterling said, he found …
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With HCC Holdings Buy, Tokio Marine Adds to Already Top Commercial Lines Growth
Tokio Marine Holdings Inc. is using debt to expand a U.S. insurance business that’s beaten even Berkshire Hathaway Inc. for policy growth. The Japanese insurer, which is taking over Houston-based HCC Insurance Holdings Inc. for $7.5 billion after at least …
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Ground Gained Large Wildfire in Northern California
Firefighters made progress late Sunday in battling a lightning-sparked Northern California wildfire that has been burning in the Shasta-Trinity National Forest for five days, officials said. Light winds helped firefighters directly attack the 1,480-acre blaze as they worked in hot, …
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