American International Group Inc. and former CEO Maurice “Hank” Greenberg said Monday they have agreed to privately arbitrate a shareholder lawsuit, and possibly another, potentially ending a an extended legal fight between the parties. Relations between Greenberg and AIG have …
As Hurricane Jimena nears the coast of Baja California, Mexico is bracing for the onslaught. The National Hurricane Center in Miami described the storm as “extremely dangerous,” with maximum sustained winds near 155 mph, 250 km/hr, with higher gusts. “Jimena …
A vast majority of Americans surveyed say they would support legislation restricting cell phone use while driving. Some 80 percent of those surveyed by Nationwide Insurance in its new One Your side survey say they would favor a ban on …
A wildfire in the mountains above Los Angeles has surged in every direction, going in a single day from a modest threat to a danger to some 10,000 homes. The blaze nearly tripled in size in triple-digit heat Saturday, leaving …
Owners of the River West Medical Center in Plaquemine, La., have filed suit against their insurer in Baton Rouge for $58.5 million. The lawsuit filed Aug. 27 alleges that unpaid hurricane claims resulted in closure of the facility in May. …
Arson charges have been dropped against the wife of a Texas Supreme Court justice in a fire that destroyed their home in a Houston suburb. The Harris County District Attorney’s Office dismissed felony arson and felony criminal mischief charges against …
A new analysis of government data reveals that more than 28,000 motor carrier companies that operate 200,000 trucks have violated federal safety regulations. The trial bar association, the American Association for Justice (AAJ), said it found commuters are sharing roads …
The Texas Department of Insurance Division of Workers’ Compensation has posted on its Web site the 2009 Performance-Based Oversight (PBO) Results for workers’ compensation insurance carriers and selected health care providers. For this PBO assessment, TDI-DWC evaluated insurance carriers’ performance …
Missouri insurance regulators have gone to court to stop an Arkansas-based life insurance company from illegally changing the terms of its cancer insurance policies, the Missouri Department of Insurance announced. The DOI alleges Central United Life Insurance Company is trying …
Xcel Energy, Inc., Public Service Company of Colorado, RPI Coating, Inc., and two men were indicted by a federal grand jury in Denver late Friday on charges that the defendants violated workplace safety and health rules and regulations that resulted …