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Insurance Archives

Oct23	Economic Impact of the California Mega Wild Fires Cannot be Underestimated Tanya Payne October 23, 2007 Know More: Business Costs, Environment, Insurance 2.0, Environment The various wildfires raging in Southern California have crossed 7 county lines, displaced approximately 1 million people, and destroyed over 1000 homes and businesses. The fires have also consumed $2 billion and rising. That’s what experts are estimating it... Posted at 9:45 PM \| Permalink \| Comments
Oct20	Allstate Age Bias Case Must Be Heard By A Jury Marta Wells October 20, 2006 Allstate Corp. Insurance Company (ALL) must have its age discrimination case heard by a jury is the ruling of Federal District Judge E. Richard Webber made yesterday. According to this NYTimes.com article Allstate might have discriminated against older insurance agents... Continue Reading Posted at 2:37 PM \| Permalink \| Comments
Oct 2	Wal-Mart Cutting Back More Than Prices Marta Wells October 2, 2006 Rolling back prices is a well-known Wal-Mart Stores Inc. (WMT) advertising catch phrase but it would seem it works differently for employees. New employees will be faced with scaled back health-care plans leading one to wonder if the mega-retailer is... Continue Reading Posted at 1:30 PM \| Permalink \| Comments
Sep 7	NY Attorney General Drops Some Charges Against A.I.G. Marta Wells September 7, 2006 Eliot Spitzer had dropped several civil charges against the former chairman and CEO of American International Group Inc. (AIG), Maurice R. Greenberg, from a lawsuit accusing Greenberg of using accounting tricks to hide problems at the company. Lawyers on each... Continue Reading Posted at 6:00 PM \| Permalink \| Comments
Aug15	Nationwide Insurance Wins Katrina Insurance Lawsuit Marta Wells August 15, 2006 Nationwide Mutual Insurance, although privately held, has a publicly traded subsidiary Nationwide Financial Services Inc. (NFS) is off the hook and will not have to cover damages to property caused by Katrina flood waters according to a federal judge's ruling.... Continue Reading Posted at 7:33 PM \| Permalink \| Comments

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