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Spitzer: Ace Settles Insurance Probe for $80 Million
Insurance company Ace Ltd. on Wednesday settled a bid-rigging investigation by New York, Illinois and Connecticut for $80 million in restitution and penalties, New York Attorney General Eliot Spitzer said. Ace and its subsidiaries were accused of bid rigging and improper transactions in so-called finite insurance and reinsurance contracts. Reinsurance is taken out by insurance companies to protect them from the risk they assume when they write traditional insurance polices such as those for business owners.View more book results for the query "*"
Honda appeal seeks to overturn woman's award
Lawyers for the American Honda Motor company are heading back to court trying to overturn a highly publicized small claims court award to a woman who sued over the poor fuel mileage of her hybrid Honda Civic.Supreme Court sides with railroad in Georgia tax case
The Supreme Court ruled unanimously Tuesday that railroads may challenge state methods for determining the value of their property, a decision that could lower some railroad tax bills.Trending Stories
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