Archive for March 2015

ACA Financial Guaranty Corp. urged New York’s top court to reinstate a suit accusing Goldman Sachs Group Inc. of conspiring to force it to insure an investment that led to a $550 million settlement with regulators. Goldman failed to disclose … The article ACA Financial Asks N.Y.’s Top Court to Revive Goldman Suit Over Abacus…

Kentucky lawmakers have given final passage to a bill aimed at curtailing drunken driving through use of ignition interlock devices that test the sobriety of drivers. A final version cleared the House and Senate this week as lawmakers neared the … The article Kentucky DUI Ignition Interlock Bill Heads to Governor appeared first on Insurance…

The U.S. Supreme Court Tuesday issued a decision that will affect the landscape for securities class actions. In the unanimous ruling, which focused on opinions expressed in documents filed with the U.S. Securities and Exchange Commission, the high court said … The article Supreme Court Omnicare Ruling Addresses Company Opinion Statements appeared first on Insurance…

Deutsche Lufthansa AG may face unlimited liability for payments to families of victims of the Germanwings jet crashed by its suicidal co-pilot, according to lawyers. “The liability for the victims would be uncapped,” said George Leloudas, a lecturer at Swansea … The article Co-Pilot Suicide Leaves Lufthansa Facing Unlimited Liability appeared first on Insurance Journal.…

Humana Inc. has agreed to sell the stock of its subsidiary Concentra Inc., one of the largest occupational health services providers. The buyer will be MJ Acquisition Corp., a joint venture between Select Medical Holdings Corp., an operator of specialty … The article Humana to Exit Workers’ Compensation with Sale of Concentra appeared first on…

Texas Sen. Ted Cruz, a GOP presidential candidate, could soon be buying his family’s health care coverage through the Affordable Health Care Act he has vowed to dismantle. Cruz, whose Senate filibuster against the law he derides as “Obamacare” led … The article Despite Opposition, Texas Senator Eyes Obamacare Insurance for Family appeared first on…

A Nevada Assembly member is attempting to create a regulatory framework for drones that would protect people’s privacy in the state. Democratic Assemblyman Elliot Anderson is sponsoring a bill that would limit how police can use drones in investigations and … The article Privacy Restrictions on Nevada Drones Would be Imposed by Bill appeared first…

Voters in Gonzales, La., will decide on March 28 whether to renew a 10-year, 3.27-mill property tax that was first passed in 1986 to fund the city’s fire department. With two fire stations and an ambulance service that transports residents … The article Louisiana Town to Vote on Tax for Fire Department Maintenance appeared first…

A class action lawsuit filed in a California federal court alleges The Venetian and The Palazzo casino-resorts hid daily resort fees from travelers booking rooms at the Las Vegas Strip properties. The lawsuit filed earlier this month said Benjamin Brin … The article Suit: Vegas Strip Casinos Hid Resort Fees appeared first on Insurance Journal.…