At the heart of every property and casualty insurance contract lies a promise to soften the blow of misfortune. But what happens when an insurance company becomes financially troubled, fails and is no longer able to uphold its end of …
Damage from an ice storm that hit Kansas in early December pushed the 2007 total to more than $625 million in reimbursable losses. But the state adjutant general’s office warned Wednesday that the numbers would likely be much higher for …
Nationwide Mutual Insurance Co. is raising the deductible on its earthquake coverage because of the risk of major losses from an earthquake. Columbus-based Nationwide is raising the deductible from 2 percent to 5 percent of a home’s insured value. Nationwide …
Rhode Island Rep. Timothy Williamson will not face charges after leaving the scene of a minor car accident last month, an incident police have described as a hit-and-run. Williamson, a West Warwick Democrat and the town solicitor, struck a parked …
A judge has ordered a Duluth man to pay the city’s $100,000 insurance deductible for setting a fire that caused $384,058 in damage to a community center in the city.. Tylor Ray Olson, 20, pleaded guilty in October to third-degree …
After a yearslong fight, tens of thousands of workers at a former nuclear fuel processing plant in Armstrong County, Pa. are now eligible for government aid for their illnesses. To qualify for the $150,000 in compensation, the workers must have …
The state Office of Highway Safety says traffic deaths in Delaware in 2007 fell to the lowest level in 8 years. Figures released show traffic deaths dropped 20 percent last year to 118, the lowest number since 104 deaths were …
The death of a 13-year-old Taunton, Mass. boy last month has prompted new calls to ban text messaging while driving. Craig Bigos of New Bedford told police he was sending a text message to a friend when he swerved and …
Australia’s QBE announced that it has signed a definitive agreement to acquire North Pointe Holdings Corporation, a NASDAQ listed, US-based P/C insurance group. The acquisition is subject to the approval of regulatory authorities and North Pointe’s shareholders. “North Pointe writes …
France’s SCOR Group announced that it has opened a representative office in Johannesburg, South Africa, as part of its “strategic development plans for the English and Portuguese speaking markets on the African continent.” SCOR said the new facility is “in …
