Fitch Ratings said that following a review of industry aggregate statutory financials for year-end 2007 and 1Q 2008, the rating agency has updated its full-year 2008 U.S. Property/Casualty industry forecast and now projects a modest underwriting loss and significant reduction …
A nonprofit group that promotes police officer safety is to pay $450,000 to Missouri after allegations from the attorney general’s office that it continued to solicit money from residents who had asked it to stop. Attorney General Jay Nixon’s office …
Philadelphia Insurance Companies launched a a new niche product niche for apartments. PHLY’s new apartment product offers comprehensive coverage for general liability, property, crime, automobile and umbrella. The new apartment product is designed for the above average, professionally managed and …
New York City has received more than $497 million of claims for personal injury, property damage and wrongful death due to a construction crane collapse on Manhattan’s East Side on March 15, the city comptroller said on Friday. The 90-day …
South Carolina Gov. Mark Sanford vetoed a proposal that would have given tax breaks for installing fire sprinklers — a measure approved after a Charleston furniture store blaze that killed nine firefighters in 2007. The Republican governor said in a …
Standard & Poor’s Ratings Services has released an analysis of its downgrades of monoline bond insurers MBIA Insurance Corp. and Ambac Assurance Corp. S&P’s report – “Who Will Feel The Downgrades Of MBIA And Ambac, And By How Much-” indicates …
A federal jury ordered a medical equipment manufacturer to pay more than $14.5 million in a patent infringement dispute that involves a device invented by a Portland, Ore. physician. Dr. John O. Hayhurst and Smith & Nephew hold a patent …
A man filed a claim with the Gilbert Public Schools district after his son’s high school graduation — and his own jacket — were ruined by rain at the outdoor ceremony last month. Kirk Gossett is asking for $400 in …
Insurance officials in New York and Germany have inked a deal to work together and more closely share regulatory information. The agreement is the basis for a memorandum of understanding signed yesterday by New York Insurance Superintendent Eric Dinallo and …
DeWayne Warrick had built a waist-high pile of ruined chairs, couch cushions and other furniture on the curb outside his home. He topped it with a sizable collection of stuffed animals and a pink Dora the Explorer miniature chair that …
