RICO Case Against State Farm Set for Trial in Illinois Federal Court

Article 1 Comments A class action lawsuit against insurance giant, State Farm, alleging the company recruited a judge to run for an opening on the Illinois Supreme Court and funded, without disclosing it, his 2004 election campaign is set to go to trial in federal court next month. In Hale, […]

Trial in RICO Case Against State Farm Set for Trial in Illinois Federal Court

Article 0 Comments A class action lawsuit against insurance giant, State Farm, alleging the company recruited a judge to run for an opening on the Illinois Supreme Court and funded, without disclosing, his the election campaign is set to go to trial in federal court on Sept. 4. In Hale, […]

Lawsuit Planned Against Brad Pitt Foundation over New Orleans Homes

Article 0 Comments An attorney plans to sue actor Brad Pitt’s foundation over the degradation of homes built in an area of New Orleans that was among the hardest hit by Hurricane Katrina. The forthcoming lawsuit against Pitt’s Make It Right foundation will be filed on behalf of some Lower […]

Prosecutors: Possible Negligence in Missouri Duck Boat Sinking

Article 0 Comments The U.S. Coast Guard has found probable cause that the sinking of a tourist boat on a Missouri lake last month that killed 17 people “resulted from the misconduct, negligence, or inattention to the duties” by the captain of the boat, according to a court motion filed […]

6 Small Businesses Share Disaster Recovery Stories

Article 0 Comments As small business owners in Hawaii and California clean up following Hurricane Lane and wildfires, they’ll find there’s no one formula for recovery. The same disaster can devastate businesses in divergent ways – a hurricane might tear the roof off one restaurant, flood another and leave a […]

Bill to Expand Harassment Training Requirements Passes California Assembly

Article 0 Comments The California Assembly on Thursday voted unanimously on a plan to address workplace sexual harassment and expand a requirement for harassment training to small businesses. Current law requires all employers with 50 or more employees to provide two hours of sexual harassment prevention training only to supervisors. […]

Markel to Acquire Insurance-Linked Securities Manager Nephila

Article 0 Comments Specialty insurer Markel Corp. has agreed to acquire all of the outstanding shares of Nephila Holdings, a standalone insurance-linked securities manager. Nephila, has more than $12 billion of assets under management for over 300 investors. Its revenue is primarily from management and incentive fees. Richie Whitt, Markel’s […]

Woodruff Sawyer in California Names Scales Vice President

Article 0 Comments San Francisco, Calif.-based Woodruff Sawyer has named Jen Scales vice president and account executive in its employee benefits practice. Scales has more than 15 years of experience in the insurance industry, having spent time in business development and risk consulting roles at both ABD and Sequoia Consulting […]

Solar Projects in Oregon Getting Insurance to Guarantee Production

Article 0 Comments GCL New Energy Holdings Ltd. is managing the risk related to the unpredictable nature of the sun, with an insurance-like policy that will guarantee the production from solar projects it’s building in Oregon. KWh Analytics, a San Francisco-based risk-management software company, structured the coverage for the 50-megawatt […]

A.M. Best Upgrades Ratings of PURE Group

Article 0 Comments A.M. Best has upgraded the Financial Strength Rating (FSR) to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings to “a” from “a-” for both members of the PURE Group of Insurance Companies (PURE). The members, both domiciled in Fort Lauderdale, Fla., are Privilege Underwriters […]