A Maryland man who pleaded guilty to plotting to burn down his house to collect insurance proceeds has been sentenced to four years in prison. Forty-nine-year-old Saleh Fakhoury of Lutherville, Maryland, was also ordered to pay more than $800,000 in …
The American Civil Liberties Union of Rhode Island has filed a court challenge to the state Division of Motor Vehicles’ implementation of a database designed to identify uninsured drivers. The ACLU says the database established by a 2013 state law …
Hackers have stolen personal information relating to current and former customers and staff of no. 2 U.S. health insurer Anthem Inc., after breaching an IT system containing data on up to 80 million people, the company said late on Wednesday. …
General Motors Co., which has come under media, congressional and courtroom scrutiny over fatalities caused by flawed ignition switches, is defending 104 death and injury lawsuits brought by those who blame accidents on defects in the company’s cars. Another 108 …
Federal investigators are trying to determine why a woman driving a Mercedes-Benz sport-utility vehicle stopped in the middle of railroad tracks, leading to the fiery crash of a New York commuter train in Westchester County that killed six people. The …
Bermuda-based Everest Re Group Ltd. reported fourth quarter 2014 net income available to common shareholders of $340.1 million, or $7.47 per diluted common share, compared to net income of $364.6 million, or $7.54 per diluted common share, for the fourth …
PartnerRe Ltd. reported net income of $262.7 million, or $5.26 per share for the fourth quarter of 2014. This includes net after-tax realized and unrealized gains on investments of $82.1 million, or $1.64 per share. Net income for the fourth …
Intact Financial Corp, Canada’s largest property and casualty insurer, reported a near-doubling in quarterly profit, boosted by strong growth in underwriting income. The company’s net income rose to C$205 million (US$164.8 million), or C$1.52 (US$1.22) per share, in the fourth …
In a letter to Brendan McCafferty, the Chief Executive of the UK’s recently established flood insurance program, Subcommittee Chairman, Prof. Lord Krebs, wrote that the UK’s Committee on Climate Change (CCC) has concluded that “Flood Re’s costs are higher than …
Even after two deadly crashes in seven months, TransAsia Airways Corp. will likely rebound quickly as insurance covers any financial losses and its coveted routes through Taipei’s downtown airport keep it popular with business travelers. Airline analysts said the carrier …
