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Class-Action Lawsuits Could Cost Toyota $3B-Plus Toyota owners claiming that massive safety recalls are causing the value of their vehicles to plummet have filed at least 89 class-action lawsuits that could cost the Japanese auto giant $3 ... March 10, 2010 10:33 AM Report: Reno Has Good Chance of Big Quake by 2060 The chance of a significant earthquake rocking the Reno-Sparks, Nev., area over the next half century is on the rise, with a 67 percent likelihood a magnitude 6.0 will strike within 31 miles by ... March 10, 2010 10:26 AM Florida's Homeowners Choice Reports Profitable Q4, Year 2009 Homeowners Choice Inc., a Florida-based homeowners' insurer, reported a profitable fourth quarter and year 2009. Net income for the fourth quarter of 2009 was $807,000, compared to net income of ... March 10, 2010 10:26 AM LaBarre/Oksnee Promotes Leane to Vice President of Sales Aliso Viejo, Calif.-based LaBarre/Oksnee insurance brokers announced that it has promoted Jeff Leane to the newly created vice president of sales position. Leane is charged with leading the ... March 10, 2010 10:10 AM Iroquois Mid-Atlantic Hires Keller Pittsburgh-based Iroquois Mid-Atlantic has hired Kurt Keller to help the agency network further expand its presence in Western Pennsylvania and West Virginia. Keller served previously as an ... March 10, 2010 9:44 AM North Carolina Woman Arrested in Alleged Staged Robbery for Insurance Money North Carolina officials report that a Wilson woman has been arrested for allegedly staging a robbery to collect insurance money. Insurance Commissioner Wayne Goodwin announced the arrest of ... March 10, 2010 9:33 AM House Panels Face Environmental, Insurer Groups Over Catastrophe Bill Two House subcommittees have scheduled a joint hearing today on ways to address homeowners insurance costs in disaster-prone communities, an issue that has some environmentalists, taxpayer groups ... March 10, 2010 9:15 AM Kinsale Formed as Virginia-Based Specialty Insurer Kinsale Capital Group has formed a Virginia-based E&S insurer, called Kinsale Insurance Co., that will underwrite commercial property/casualty and professional liability E&S lines in 31 ... March 10, 2010 8:56 AM South Carolina Not Enforcing Vision Law for Senior Drivers Seven years after South Carolina changed the way it required drivers to prove their eyesight is adequate, the state has failed to establish a system of notifying people when they need to take ... March 10, 2010 7:55 AM Lawsuits Over Lost Vehicle Value Could Cost Toyota $3 Billion Toyota owners claiming that massive safety recalls are causing the value of their vehicles to plummet have filed at least 89 class-action lawsuits that could cost the Japanese auto giant $3 ... March 10, 2010 7:31 AM

FOXNews.com

Tea Party Stuck in Neutral? Obama sets aggressive plan to push health bill — sending Tea Party groups scrambling to catch up • YOU DECIDE: Can Tea Party Stop Health Bill Drive? • Obama Using 'Bounty Hunters' to Root Out Fraud • Obama to Make Closing Argument on Health Care • Dems to Emanuel: Stop the Health Care Deadlines • What's in a Deadline? For Health Care, Everything March 10, 2010 10:50 AM Ex-Rep: Gropin' Guys Ain't Misbehavin' Disgraced former lawmaker Eric Massa admits he groped some male staffers, but not in an inappropriate way • VIDEO: Massa on 'Beck' | TEXT OF INTERVIEW March 10, 2010 10:50 AM Join Texas Textbook Battle LIVESHOTS: Maggie Kerkman on how you can follow textbook fight that will impact millions of students • Full Coverage of Texas Textbook Battle March 10, 2010 10:50 AM N.Y. Chef Makes Cheese From Breast Milk Daniel Angerer is used to getting attention over the food that comes out of his restaurant Klee Brasserie, but the New York chef is making more headlines than ever over a new dish — that instead comes out of his fiance's brassiere. March 10, 2010 10:50 AM Employees Comfort Dead Houston Oil Exec's Family Employees of a Houston energy company are rallying around the family of an executive found dead in New Orleans, MyFoxHouston.com reported. March 10, 2010 10:50 AM Pa. Woman Charged With Recruiting Jihadist Fighters A Pennsylvania woman has been charged in federal court with conspiracy to provide material support to terrorists, conspiracy to kill in a foreign country, making false statements to a government official and attempted identity theft. March 10, 2010 10:50 AM Bank of America Ends Overdraft Fees on Debit Cards Bank of America customers will soon be unable to spend more than they have in the accounts linked to their debit cards. It's a step that may become a common move ahead of new regulations limiting overdraft fees. March 10, 2010 10:50 AM 7-Year-Old Calls 911, Saves Family From Attack A terrified 7-year-old boy begged emergency dispatchers to send police to his Southern California home where three armed robbers threatened his parents, according to a recording of the call released Tuesday. March 10, 2010 10:50 AM 6 Killed in Attack on World Vision in Pakistan Suspected militants armed with grenades attacked the offices of a Christian aid group helping earthquake survivors in northwestern Pakistan on Wednesday, killing six employees and wounding several others, police and the organization said. March 10, 2010 10:50 AM Romania's Fix to Alcohol Accidents? Drunk X-ing Signs Road signs warning drivers that intoxicated people may be in the road have been put up as Romania tries to reduce the number of accidents. March 10, 2010 10:50 AM

Business Insurance - Web News

Swiss Re estimates earthquake, windstorm losses ZURICH—Swiss Reinsurance Co. Ltd. said Wednesday it expects $600 million in losses from the earthquake that hit Chile and windstorm that battered parts of Europe. March 10, 2010 10:50 AM Munich Re CEO: Buffett stake backs our strategy MUNICH (Reuters)—Munich Reinsurance Co. sees star investor Warren Buffett's stake in the reinsurer as evidence that he backs its long-term strategy aimed at creating stability, Munich Re's chief executive said Wednesday. March 10, 2010 10:50 AM AIG devises new formula for employee bonuses: Report NEW YORK (Reuters)—American International Group Inc. has formulated a new "forced ranking" system to determine bonuses and rate employee performance, the Wall Street Journal said, citing people familiar with the matter. March 10, 2010 10:50 AM COBRA subsidy extension set for full Senate vote WASHINGTON—Tax legislation that would further extend COBRA health insurance premium subsidies moved closer to passage when the Senate voted 66-34 Tuesday to stop debate on the measure. March 10, 2010 10:50 AM Toyota, U.S. officials investigate runaway Prius LOS ANGELES and DETROIT (Reuters)—U.S. safety regulators and Toyota Motor Corp. dispatched investigators to San Diego on Tuesday to inspect a Prius that sped out of control on a California freeway a day earlier. March 10, 2010 10:50 AM PartnerRe's Chile quake claims could reach $320M PEMBROKE, Bermuda—PartnerRe Ltd. said it expects claims of $220 million to $320 million from the recent earthquake in Chile. March 10, 2010 10:50 AM Risk Management Summit kicks off in New York NEW YORK—Dozens of senior risk managers gathered Monday in New York for the first Risk Management Summit, a two-day networking and educational event that features expert speakers as well as executives from leading insurance industry companies. March 10, 2010 10:50 AM Marsh plans sale of Kroll unit: Report NEW YORK (Reuters)—Marsh & McLennan Cos. Inc. has put up its security consulting business Kroll Inc. up for sale for $1. March 10, 2010 10:50 AM Slaughterhouse illness caused by injury: Iowa court DES MOINES, Iowa—A slaughterhouse worker with brucellosis, a contamination of the blood caused by exposure to a bacteria carried by domestic animals, suffered an injury and not a disease, Iowa’s Supreme Court has ruled. March 10, 2010 10:50 AM Supreme Court to decide if vaccine makers can be sued WASHINGTON (Reuters)—The U.S. Supreme Court said on Monday that it would decide whether a federal law protects vaccine manufacturers from lawsuits in state court seeking damages for alleged design defects. March 10, 2010 10:50 AM

Insurance

Senate financial bill appears likely to keep Fed as regulator of big banks Key members of the Senate banking committee are coalescing around legislation that would strip the Federal Reserve of much of its regulatory authority but would leave the central bank with oversight of the nation's largest banks, according to aides familiar with the ongoing negotiations. Under the plan, the Fed would ... March 10, 2010 10:50 AM Obama Taking To Road To Appeal To Skeptical Public, Skittish Lawmakers WASHINGTON — With the fate of his signature legislative initiative far from certain, President Barack Obama is taking his last-ditch push for health care reform on the road. In a speech Monday in Philadelphia, Obama will try to persuade the public to back his plan to remake the nation's health care ... March 10, 2010 10:50 AM Californians need to be better prepared for earthquakes Californians are aware of major earthquakes and the effect from temblors, but many have not taken necessary steps to make their homes safer and protect their personal finances, according to a just-released report. Residents are better about doing the obvious — such as collecting supplies and making backup documents — in ... March 10, 2010 10:50 AM Property/casualty rates fall in February U.S. commercial property/casualty insurance rates declined 5% in February compared with a year earlier, MarketScout said Monday. Over the past six months, P/C rates have fallen 4% to 5% each month, which represents a “consistent pattern” of pricing in most coverage classes, Richard Kerr, CEO of the Dallas-based electronic insurance exchange, ... March 10, 2010 10:50 AM Oklahoma's Instant Auto Insurance Verification Means Some Drivers Will Lose Their Cars A new bill has passed the Oklahoma House that could result in fewer cars on the road. The bill permits any vehicle to be towed away immediately if it appears as uninsured with the new instant auto insurance verification system. In response to voters’ requests state Representative, Steve Martin, passed ... March 10, 2010 10:50 AM