March 14, 2004 |
U.S. lenders that provide money for commercial real estate and apartment buildings want Congress to reenact a 2002 measure that aimed to increase the availability of terrorism insurance, according to a survey by the Mortgage Bankers Assn. The 29 of 40 largest commercial and multifamily mortgage banking firms that responded to the survey said failure to renew the Terrorism Risk Insurance Act of 2002, which expires Dec. 31, 2005, would hurt the real estate market.
June 9, 2006 |
A Nasdaq Stock Market Inc. subsidiary is warning public companies that probes into possible manipulation of executive stock options might push up the cost of insuring their executives and board members against lawsuits. Carpenter Moore, a division of Nasdaq Insurance Agency that acts as an insurance broker for companies on the exchange, said in an undated memorandum that some insurers were already seeking to limit their liability under so-called directors' and officers' coverage.
May 2, 2004 |
Many Southern California homeowners who thought they were fully insured against natural disasters have discovered after October's wildfires that their policies left them shortchanged -- in some cases, hundreds of thousands of dollars shy of what they need to rebuild.
April 28, 2004 |
The International Olympic Committee has taken out insurance for the first time against cancellation of the Games because of war, terrorism or a natural disaster such as an earthquake, officials said Tuesday. The IOC said it acquired a $170-million policy for the 2004 Summer Games, which begin Aug. 13 in Athens and have been dogged by construction delays and security concerns. Associated Press reported that the policy cost $6.8 million.
April 6, 2011 |
The flat-head look that more young children have been sporting has long been attributed to recommendations that babies be put to sleep on their backs. But researchers thought that a spike in such cases in Texas infants warranted a closer look. And they found that the cause was more complex. Researchers from the Texas Department of State Health Services looked in the Texas Birth Defects Registry to identify cases of plagiocephaly, a fancy word for a deformed skull. They found that between 1999 and 2007, the number of cases skyrocketed from 3 cases per 10,000 births to 29 per 10,000 births, an increase of 21% per year on average, the researchers reported online Monday in Archives of Pediatrics and Adolescent Medicine. The largest increase was in the Dallas-Fort Worth area.
CALIFORNIA | LOCAL
February 24, 2012 |
Survivors of Armenian genocide victims can't sue German insurance companies for failing to pay claims because only the federal government can bring foreign entities to court, the U.S. 9th Circuit Court of Appeals ruled Thursday. The 11-judge panel dismissed the case brought nearly a decade ago by Southern California Armenians, probably putting an end to their efforts to compel the German companies to pay survivors' benefits on policies sold to victims between 1875 and 1923. A 2000 revision to California's Civil Code allowed California courts to consider the Armenians' insurance claims beyond the deadline for petitioning for payouts by subsidiaries of the German insurance company now known as Munich Re. "The Constitution gives the federal government the exclusive authority to administer foreign affairs," the appeals court said in a unanimous ruling.
November 8, 2007 |
Louisiana Atty. Gen. Charles Foti sued the state's largest property insurers Wednesday, accusing them of conspiring to limit payments to policyholders after hurricanes Katrina and Rita and engaging in an elaborate price-fixing scheme. Foti's wide-ranging lawsuit, filed in a state court in New Orleans, alleges that Allstate Insurance Co., State Farm Fire and Casualty Co. and other insurers worked together to manipulate damage estimates and low-ball claims payments after the 2005 hurricanes.
April 28, 2007
Re "Democrats go their own way on healthcare," April 22 In the plan proposed by Assembly Speaker Fabian Nunez (D-Los Angeles), the working uninsured -- by far the majority of California uninsured -- would be required to buy private health insurance if their employers opted into the state plan. The employer's share of the premium cost would be limited by law; employees would have to pay whatever the insurer demanded. Both Gov. Arnold Schwarzenegger and Nunez would require us to buy private health insurance whether we could afford it or not. We would be forced to buy insurance with the cheapest premiums possible.
August 19, 2013 |
WASHINGTON -- The top U.S. trade official on Monday pressed Japan to open up its auto and insurance markets as he pushed for the completion of the Trans-Pacific Partnership trade deal. Speaking during a stop in Tokyo, U.S. Trade Representative Michael Froman said Japan plays a central role in the Asia-Pacific region and welcomed its decision this year to join the talks on a region-wide trade pact. But Froman said negotiators would have to address some remaining barriers for the U.S. and other countries in the Japanese market.
September 6, 1990
Bondholders of bankrupt American Continental Corp. filed a class-action lawsuit Wednesday to seek a court order enforcing insurance policies that 21 carriers provided for the directors and officers of the company and its primary unit, the failed Lincoln Savings & Loan in Irvine. The bondholders already have filed more than 15 lawsuits against the company and thrift seeking the return of about $200 million in investments.