insurance company News

Buffett’s Hathaway Compensation Rises to $485,606

Warren Buffett’s compensation from Berkshire Hathaway Inc. rose 15 percent last year to $485,606, although the billionaire’s salary remained $100,000. The increase came in “other compensation,” which includes company-paid costs for Buffett’s personal and home security. As usual, Buffett reimbursed …

Insurance Giant Buys Out Cincinnati Women’s Home

A major insurance company has bought out a nonprofit home for struggling women in Cincinnati, Ohio, following a two-year battle over the home’s historic property in a beautiful downtown neighborhood. In a deal announced Monday, Western & Southern Insurance Group …

Ex-Red Wing Miller Denies He Owes $1.6M for Hit

Former Detroit Red Wing Kevin Miller denies he owes a $1.6 million judgment to an insurance company for a hit during a 2000 Swiss league game that ended a player’s career. Miller’s hit on Andrew McKim caused the Canadian to …

Washington Man Dismantling Century Old House

As far as Earl Ingebright is concerned, the old cedar house is one of a kind. He marvels at the structure, which was built upon tree stumps entirely from hand-hewn cedar. The small house is sliding off its meager foundation, …

Family of Girl Who Died at Los Angeles Rave Settle Lawsuit

The family of a 15-year-old girl who died of an ecstasy overdose at a rave at the Los Angeles Memorial Coliseum will receive a $190,000 lawsuit settlement on behalf of the stadium, the event’s organizer and the Coliseum’s manager. Sasha …

Understanding the Right of Reimbursement for Defense Costs When Reserving Rights

When an insurance company defends its insured under a reservation of rights, the question arises as to whether the insurer has a right to seek reimbursement from its insured for payments made toward attorney’s fees and court costs when it …

Nebraska Gym Owner Faces Fraud Charges

A former fitness center owner in Lincoln, Neb., has been accused of selling memberships despite knowing his business was going to close. Lincoln police say 59-year-old David Meisinger faces a theft charge over the sales. He had operated New Image …

Owners of Kansas Apartments Sue Over Fatal Fire

The owners of a Lawrence apartment complex are suing their insurance company over payments for claims from a fire that killed three people in 2005. Attorneys for the owners of the former Boardwalk Apartments allege in their lawsuit that State …

Iowa High Court OKs Privacy Lawsuits Against Insurance Agent

A video camera hidden in a workplace bathroom doesn’t have to produce any images for someone to believe their privacy was violated, the Iowa Supreme Court ruled Friday. The court’s decision allows two women to move forward with lawsuits they …

Mississippi High Court Overturns Judgment for Insurer

The Mississippi Supreme Court has overturned a judgment for an insurance company in a wind vs. water case involving a Pascagoula home hit by 6.3 feet of storm surge during Hurricane Katrina in 2005. The National Flood Insurance Program paid …