U.S. Drops Major Anti-Bribery Prosecution

The Obama administration on Tuesday dropped a major bribery prosecution that had been part of a campaign to crack down on corruption after the government suffered several setbacks in court in a case involving military equipment sales. Federal prosecutors moved to dismiss charges against the remaining 16 defendants rounded up in a “sting” operation to root out corruption under the U.S. Foreign Corrupt Practices Act (FCPA), which makes it illegal to try to bribe officials of foreign governments

Anderson & Murison Founder to be Remembered

Dave Anderson, founder of wholesaler Anderson & Murison Inc. in Southern California, who served several insurance associations in numerous capacities, will be remembered for his contributions to the insurance industry

California Lawmaker Introduces Claim Information Control Bill Over Insolvent Insurers

A California lawmaker on Friday introduced a bill to give greater control of claim information held by insolvent companies over to policyholders.

Creator of Consumer Watchdog Attack Site Says More Attacks to Come

The owner of a website that launched an attack last week against a consumer group that often does battle with the insurance industry is now calling the attacks and information he put on the site “just the tip of the iceberg,” and he denied he is working on behalf of anyone in the insurance industry. The site, ConsumerWatchDogWatch.com , which takes on Santa Monica, Calif.-based Consumer Watchdog, accuses the group of being a “pay to play” organization that generates millions of dollars for itself, and it contains several income tax documents detailing Consumer Watchdog’s legal fees and contributions made to the group. “I think they’re a total fraud.

Lawsuit: Payment Denied For Seniors’ Home Care

A lawsuit contends that a health insurer ran a scheme to avoid paying in-home care claims from what could be thousands of California’s elderly residents. Senior Health Insurance Co. of Pennsylvania, or SHIP, had a claims process “designed to frustrate and confuse policyholders with needless demands for irrelevant information” in violation of its own policies and California law, according to the suit filed Tuesday in San Bernardino County Superior Court by the group Consumer Watchdog

Judge Certifies Investor Class Action Against Goldman Sachs

Goldman Sachs Group Inc. was ordered by a federal judge to face a securities class-action lawsuit accusing it of defrauding investors about a 2006 offering of securities backed by risky mortgage loans from a now-defunct lender. U.S

Out of Trust C.M. Meiers Brokerage in Southern California Fetches $1.375 Million at Auction

Woodland Hills, Calif.-based C.M. Meiers Co. Inc.

Aon Expands U.S. Tenant Rent Default Offerings

Aon has expanded availability to new states for its Aon Rent Protect product that reimburses landlords for lost income when tenants default on rent payments. The product was initially launched in California, Colorado, D.C., Ohio and Pennsylvania, and it is now available in Arizona, Arkansas, Idaho, Michigan, Rhode Island, Tennessee, and Wisconsin.

C.M. Meiers Brokerage in Southern California on Trustee’s Auction Block

Woodland Hills, Calif.-based C.M. Meiers Co.

Heffernan in Orange County Names Albanese SVP, Benefits

Heffernan Insurance Brokers has hired Karen Albanese office as senior vice president in its Orange County, Calif.

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