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A federal jury found the oil company had caused contamination with the gasoline additive methyl tertiary butyl ether or MTBE in six drinking water wells in the borough of Queens and awarded costs for removing MTBE from those locations.
New York Attorney General Andrew Cuomo announced the creation today of a new system that will establish more objective rates for the nation's health insurers to charge for out-of-network medical treatment.
Willis Group Holdings reported third-quarter net income increased 113 percent on the strength of new business and its acquisition of insurance broker Hilb, Rogal and Hobbs.
Insurance revenue at U.S. banks was off by $100 million in the first six months at $23.6 billion compared to $23.7 billion during the first half of 2008, a consulting firm reported.
A report on the recession-challenged ocean marine insurance industry says that specialists in the business far outperform generalist property and casualty insurance firms.
The National Association of Professional Insurance Agents said it named Jon D. Spalding president of the association during a recent meeting of its board of directors earlier this month.
C.V. Starr & Company, the insurance entity headed by Maurice Greenberg, the former boss of American International Group, strongly denied that Mr. Greenberg's new firm is busy looting staff from AIG.
An explosion at Caribbean Petroleum Corporation's Bayamon oil storage and refinery facility in Puerto Rico destroyed 18 of the facility's 40 storage tanks and shattered the windows of nearby buildings and vehicles
A proposal to allow the Treasury Department to enter into "international agreements" on solvency measures is drawing strong objections from state insurance regulators
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