Archive for July 2015

By Jonathan Stempel A federal appeals court said on July 23 the New York law firm Skadden, Arps, Slate, Meagher & Flom may owe overtime pay to a contract lawyer for performing non-legal work, a decision that could make it more costly for … The article N.Y. Law Firm Skadden May Be Required to Pay…

Allstate’s online auto and home insurance agency Answer Financial has added two insurance professionals to its leadership team. Brendan Cummings joins Answer as the director of Business Development to build partnerships with carriers. Through Answer, a carrier’s customers can compare … The article Cummings, Beard Join Answer Financial appeared first on Insurance Journal. Read More…

The number of California wildfires so far this year is up, but the acreage burned is smaller, the result of favorable weather and more firefighters who can quickly be dispatched to corral flames, fire officials say. Since Jan. 1, about … The article More Wildfires in California, But Less Damage appeared first on Insurance Journal.…

Mitsubishi Heavy Industries Ltd. said the operator of the San Onofre nuclear plant is claiming $7.57 billion in damages related to the shutdown of the California facility. The Tokyo-based company said in a filing that U.S. power generator Edison International … The article Mitsubishi Says Edison Claims $7.57B over California Nuclear Facility appeared first on…

The former president of a Little Rock, Ark.-based insurance company has been sentenced to one year and one day in prison for embezzlement. United States District Judge Susan Webber Wright sentenced John Mathis “Matt” Lile, III, age 56, of Little … The article Former Arkansas Insurance Exec Sentenced for Embezzlement appeared first on Insurance Journal.…

In the mid- to late-1950s, Connecticut General Life Insurance Co. shook the foundation of the city’s venerable insurance industry when it built a suburban office complex in Bloomfield — becoming the first insurer to move out of downtown Hartford. A … The article Anthem-Cigna Deal Could Erode Hartford Region’s Insurance Power Base appeared first on…

PartnerRe has enough on its plate juggling a proposed merger with AXIS Capital Holdings Ltd. and an unsolicited bid from the Italian investment firm EXOR SpA. Now there is a sizable second-quarter loss with which to contend, due to a … The article PartnerRe, M&A Focused, Suffers Large Investment Losses in Q2 appeared first on…

Texas-based Blue Bell Creameries has started ice cream production trial runs in Alabama three months after a listeria scare halted all sales. The Texas-based company said it’s evaluating enhanced production processes at its plant in Sylacauga, Ala. Blue Bell earlier … The article Blue Bell Begins Trial Production Runs after Listeria Scare appeared first on…

Drone technology training is part of a Texas A&M University seminar for emergency responders dealing with deadly flooding like the disastrous May storms. The 2015 Summer Institute on Flooding takes place at A&M’s Riverside campus in Bryan. Memorial Day weekend flooding in … The article Texas Flood Responders Being Trained in Drone Technology appeared first…