Missouri Attorney General Chris Koster announced he has obtained a consent judgment against Office Depot Inc., for alleged violations of Missouri’s Merchandising Practices Act. Koster said a year-long investigation by his office revealed a number of issues with overcharging Missouri …
U.S. Congressman Charlie Melancon of Louisiana has urged federal administrators to direct disaster funding to Louisiana’s commercial and recreational fishermen as a result of the explosion and oil spill from the Deepwater Horizon rig off Louisiana’s coast. In his letter …
Bermuda-based PartnerRe Ltd. announced preliminary estimates of expected claims, relating to the recent explosion of the Deepwater Horizon Drilling Platform in the Gulf of Mexico, as in “the range of $60-$70 million.” The bulletin added that these “losses are expected …
Connecticut-based insurer W. R. Berkley Corp. reported a $119 million profit in the first quarter and announced plans to open an excess and surplus (E&S) underwriting company in Virginia. Net premiums written were $984 million, down from $1.023 billion in …
Institutional investors are continuing to target Massey Energy’s board of directors over an explosion that killed 29 coal miners earlier this month. The New Jersey Building Laborers Pension Fund blames Chairman Don Blankenship and other board members for the April …
Two miners were missing Thursday and rescuers were unable to contact them after a roof collapsed in a large underground coal mine in western Kentucky, company and union officials said. Rescue crews were in the mine on Thursday morning, said …
Despite sizable losses from late season, East Coast storms, New Jersey-based Selective Insurance Group swung to a first quarter profit of $5.8 million, a positive change from the $12.9 million the insurer lost in the year-ago quarter. The profits include …
The West Virginia Supreme Court has already slashed a nearly $400 million lawsuit damage award against DuPont, but the company wants it cut further. Wilmington, Del.-based DuPont has filed a motion asking the court to reconsider its ruling last month …
A computer model developed by a professor at Clarkson University in Potsdam, New York is being used to help federal officials predict the flow of oil and natural gas released by the recent oil platform explosion in the Gulf of …
The U.S. Department of Labor’s Occupational Safety and Health Administration has cited National Standard Co. with alleged serious and repeat citations following a safety and health inspection at the company’s worksite in Stillwater, Okla. Proposed penalties total $158,780. “This company …