News

Insurers have been slow to respond with coverage for wage-and-hour lawsuits that have been an escalating threat to companies of all sizes over the past decade, Advisen Ltd. said in a new study.

The California Insurance Department rejects an argument by insurance groups that its rules concerning investments with Iran-linked companies are illegal, a spokesman for the agency said.

Marsh & McLennan Companies Inc. and Heidrick & Struggles International Inc. said they have named six minority, lesbian, gay, bisexual and transgender or women-owned search firms to their "Inclusion Network."

On April 1, 2010, Arbitration Forums, Inc. (AF) will expand E-Subro Hub, a paperless Web-based subrogation system, to include two of the largest states in the subrogation market: California and Pennsylvania.

Five insurance trade groups have filed a petition asking California officials to review whether the state insurance commissioner created "illegal underground regulations" concerning Iranian investments.

Across all industries, the total number of federal class action lawsuits filed dropped by 21 percent last year, with financial services firms continuing as the favorite target, a consulting firm reported.