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Mine Safety Chief Seeks to End Complacency Over Safety

If there’s one lasting cultural change Mine Safety and Health Administration Director Joe Main wants to make in both the federal agency and the industry it regulates, it’s ending the cycle of intensity and complacency. After every high-profile disaster, regulators … Florida Senate Panel Clears PIP Fraud-Fighting Bill

A Senate panel has cleared a bill aimed at cutting down the massive fraud plaguing Florida’s personal injury protection, or PIP, coverage program. The Senate Committee on Banking and Insurance passed the PIP fraud-fighting bill (SB 1860) by a vote … Florida Bill to Let Surplus Lines Assume Citizens Policies Advances

Legislation designed to help state-backed Citizens Property Insurance Co. spin off customers to reduce its hurricane risk cleared the Florida House after a heated debate Friday. The bill (HB 245) would let surplus lines companies, which have unregulated rates, take … Mississippi May Mandate Homeowner Insurance Discounts for Mitigation

Mississippi Insurance Commissioner Mike Chaney said he is working with legislators on a bill that would require insurers to offer discounts to homeowners who have strengthened homes against wind damage. State officials told the Sun Herald that they hope the … Whistleblower Law Does Not Protect Mutual Fund Employees: Court

A U.S. law protecting whistleblowers at publicly traded companies does not cover employees of mutual funds, a federal appeals court ruled on Friday in a case involving two former Fidelity Investments employees. The U.S. Court of Appeals for the 1st … Out of Trust C.M. Meiers Brokerage in Southern California Fetches $1.375 Million at Auction

Woodland Hills, Calif.-based C.M. Meiers Co. Inc. was auctioned on Friday at a U.S. bankruptcy court near Los Angeles, with three competing bidders pushing the sales price to $1.375 million for the troubled brokerage?s assets and assumption of its liabilities, … Virginia Court Grants Rehearing of Global Warming Claims Case

The Virginia Supreme Court has recently granted rehearing of a closely followed legal case involving global warming, The AES Corp. vs. Steadfast Insurance Company. The court says its previous decision on the case has been “set aside.” On Jan. 17, … Judge Certifies Investor Class Action Against Goldman Sachs

Goldman Sachs Group Inc. was ordered by a federal judge to face a securities class-action lawsuit accusing it of defrauding investors about a 2006 offering of securities backed by risky mortgage loans from a now-defunct lender. U.S. District Judge Harold … Aon Expands U.S. Tenant Rent Default Offerings

Aon has expanded availability to new states for its Aon Rent Protect product that reimburses landlords for lost income when tenants default on rent payments. The product was initially launched in California, Colorado, D.C., Ohio and Pennsylvania, and it is …

Insurance Journal � News Mon, 06 Feb 2012 05:00:59 +0000

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