One out of every 10 Arkansans belong to a family that will spend more than 25 percent of their pretax earnings on out-of-pocket medical expenses next year, a new study shows. The study by Families USA, a nonprofit, nonpartisan group …
An attorney who helped negotiate a multibillion-dollar settlement against tobacco companies in the 1990s and has sued insurers over unpaid Hurricane Katrina claims was indicted in a suspected scheme to bribe a Mississippi judge. The indictment accuses Richard “Dickie” Scruggs …
A judge allowed victims of BP PLC’s deadly 2005 plant explosion to pursue complaints about a plea agreement resulting from a federal investigation of the accident. Attorneys for the victims have argued that a $50 million (euro33.9 million) fine brokered …
Three British bankers who were set to go to trial in Houston, Texas, for their roles in a fraudulent scheme with former Enron Chief Financial Officer Andrew Fastow changed their pleas to guilty. David Bermingham, Giles Darby and Gary Mulgrew …
A McDonnell Douglas 83 operated by Atlasjet, a low-cost Turkish airline, crashed around 1:30 A.M. local time this morning, killing all on board. The plane was carrying 49 passengers and a crew of seven on a domestic flight from Istanbul …
The state Insurance Department says it has issued a $4 million check to the Northwood School District in advance of a claim settlement for damage from the Aug. 26 tornado that ripped through the community. The department’s Fire and Tornado …
In an article on the Lloyd’s web site Franchise Performance Director Rolf Tolle noted that “Lloyd’s companies are demonstrating a strong commitment to managing the underwriting cycle as market conditions continue to soften across the industry.” But he warned that …
Another very profitable year for commercial lines insurers, sparked by yet another exceptionally mild hurricane season, is emerging for the entire U.S. property/casualty industry, says Standard & Poor’s Ratings Services. An article recently published by S&P, “2008 U.S. Commercial Lines …
According to the Association of Bermuda Insurers and Reinsurers (ABIR), International insurance and reinsurance companies based on the island employ over 9,000 Americans and indirectly generate an estimated 95,045 jobs in the US. ABIR’s study, “Analysis of the US Economic …
Tennessee Investigators are trying to discover the cause of a fire Monday that killed nearly 30 spotted saddle horses at a Shelbyville stable. The blaze at Dickie Gardner Stables was discovered around 3 a.m., officials said. Gardner said he and …