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Insurance Journal » News |
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Rescuers Dig to Reach People Trapped by Philippines 6.9 Earthquake
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02/07/2012 09:09 AM
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Rescuers dug with picks and shovels trying to reach dozens of people trapped under houses collapsed by a strong earthquake Monday that shook a central Philippine island and set off landslides. At least 13 people were killed and 40 are …
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8 States to Hold Earthquake Drills Today
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02/07/2012 09:05 AM
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Eight states are expected to take part in an earthquake drill today that will be conducted throughout the central United States on the 200th anniversary of the 1812 New Madrid earthquakes. The event is called the 2012 Great Central United …
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North Carolina Continues Auto Regulation Debate As Rates Stay Same for 2012
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02/07/2012 08:54 AM
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Auto insurers in North Carolina are once again divided over the prospect of changing how the state sets insurance rates with some insurers advocating for rate deregulation while others are supporting the status quo. The debate comes as state Insurance …
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U.S. Authorities Looking Into Murdoch Foreign Payments
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02/07/2012 08:40 AM
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U.S. authorities are stepping up investigations, including an FBI criminal inquiry, into possible violations by employees of Rupert Murdoch’s media empire of a U.S. law banning corrupt payments to foreign officials such as police, law enforcement and corporate sources said. …
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BP Preparing ?Vigorously? As Start of Gulf Oil Spill Lawsuits Nears
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02/07/2012 08:29 AM
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BP said it was preparing “vigorously” for lawsuits related to its Gulf of Mexico oil spill, which are due to start later this month, as it unveiled a rise in fourth-quarter earnings boosted by higher oil prices and one-off gains. …
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Not All States Sign $25M Settlement Giving Banks Lawsuit Protection
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02/07/2012 08:24 AM
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A proposed mortgage settlement in the works for more than a year will move forward with more than 40 states joining the deal before a Monday deadline, Iowa Attorney General Tom Miller said in a statement. States had been given …
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New York Fed Taps 5 Banks to Bid for AIG Bonds: WSJ
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02/07/2012 08:17 AM
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The Federal Reserve Bank of New York has invited five banks to bid for mortgage bonds of insurer American International Group, the Wall Street Journal reported. The five banks selected are the U.S. securities units of Barclays PLC, Credit Suisse …
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West Virginia Firm Develops ?Guardian Angel? for Miners
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02/07/2012 05:00 AM
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A West Virginia company is working on a piece of equipment designed to keep miners safer. Trinity Resources, headquartered in Putnam County, demonstrated its a mobile mine safety chamber this week at the West Virginia Mining Symposium in Charleston. The …
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Geneva Association Report Analyzes Re/Insurers? Insolvency Resolution
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02/07/2012 01:35 AM
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International insurance think tank, The Geneva Association, has published its latest report for the ongoing financial stability discussions at the G-20, Financial Stability Board and International Association of Insurance Supervisors (IAIS). A full copy of the report is available on …
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Alabama Sports Trademark Infringement Claim Set for Court
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02/06/2012 08:52 PM
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A federal appeals court is set to hear arguments in the trademark infringement case between sports artist Daniel Moore and the University of Alabama, whose football program is portrayed in a number of his works. They present their cases to …
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Investors Suing Bank of America Win Class-Action Status
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02/06/2012 08:30 PM
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Investors suing Bank of America Corp. won class-action status for their lawsuit accusing the bank of fraudulently misleading them about the 2008 takeover of Merrill Lynch & Co. and the size of Merrill’s losses and bonus payouts. U.S. District Judge …
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Former Cal-OSHA Chief Defends Workplace Safety Program
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02/06/2012 07:23 PM
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The former chief of the California Occupational Safety and Health Division defended its Injury’s Illness Prevention Program following a study by think tank RAND Corp. showing the occupational safety program that requires California businesses to eliminate workplace hazards only works …
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