News

Two Burbank brothers face an "ever after" sentence of up to 600 years in prison if they are found guilty of defrauding at least $300,000 from a workers' compensation program.

Liberty Mutual Chairman and Chief Executive Officer Edmund "Ted" Kelly said only strong companies that recognize global business opportunities will succeed because they will be poised to take advantage of the market when it improves.

A Pascagoula, Miss. couple will not be getting nearly $600,000 they were awarded by a Jackson County jury for attorneys' fees, expenses and emotional distress related to their Hurricane-Katrina lawsuit against USAA, the state's Supreme Court has ruled.

Atlas Insurance Management has added Utah to its list for captive management approval, having also been recently approved in Delaware and Montana.

Based on the improved underwriting and operating performance of the U.S. subsidiaries of Zurich Insurance Company Ltd., rating agency A.M. Best has upgraded the insurer's financial strength rating.

The benchmark rate for workers compensation won't increase anytime soon after California Insurance Commissioner Steve Poizner refused to increase the rate for a third time.