Loss estimates from Hurricane Irene continued to fall and ratings agencies said insurers would have no problem with claims, helping boost insurance industry shares Wednesday. The relatively limited losses that Irene appears to have caused to the private insurance industry …
A retired naval officer honored for his valor during the Sept. 11 attack on the Pentagon has been found guilty of defrauding the victims’ compensation fund by exaggerating his injuries. After a three-week trial, a federal court jury on Monday …
Arizona’s transportation department says that driving-related deaths continued to decline last year. The Department of Transportation’s “2010 Crash Facts” report shows that 762 people were killed in car crashes in Arizona last year That’s down from 806 deaths in 2009, …
A judge urged attorneys to try to settle Nicollette Sheridan’s wrongful termination lawsuit over her ouster from “Desperate Housewives” after limiting damages the actress may recoup if she wins at trial. Los Angeles Superior Court Judge Elizabeth Allen White ruled …
A year after most Georgia insurers increased homeowners premiums by 9 to 23 percent, a new wave of increase requests is pending. State Farm, Georgia’s largest writer of homeowners policies, is seeking a 7 percent increase for next year. That …
The $7 billion in estimated losses from Hurricane Irene compound the vast damage caused by weather in the United States this year. Yet despite billions they’ve paid out for floods, tornadoes and earthquakes, big insurance companies can expect another profitable …
Asia will add 1.66 million dollar-millionaires by 2015, taking the total number of wealthy to 2.82 million as the world’s fastest-growing major economies of China and India continue to mint millionaires, a report from Julius Baer said on Wednesday. The …
A federal judge on Tuesday threw out part of a bellwether lawsuit against Merck & Co. over claims that its osteoporosis drug Fosamax causes jaw damage. The plaintiff, Linda Secrest, may pursue her claim that Fosamax suffered from a design …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Minneapolis-based RiverSource Life Insurance Company and its wholly owned subsidiary, RiverSource Life Insurance Co. of New York. Best also …
The struggling U.S. economy should escape largely unscathed from Hurricane Irene and may even get a boost from reconstruction. Irene, which killed about 40 people when it dumped 5 to 15 inches (12 to 38 cm) of rain over wide …
