A second man has pleaded guilty in Houston in a case involving the sale of insurance to a New York tour operator whose boat capsized in 2005 killing 20 elderly tourists, federal officials reported. Edmund Hugh Benton, 63, of Scottsdale, …
The Great California ShakeOut earthquake drill has amassed over over 8 million participants, according to its organizers. The event, set for Oct. 20 at 10:20 a.m., has surpassed the 2010 record of 7.9 million registrants, organizers said. “This is now …
An insurance agent who sold hundreds of thousands of dollars in fake business-insurance policies has been sentenced to more than two years in prison and ordered to pay back $532,659 in restitution. Brenda MacLaren-Beattie, 68, of Des Moines, Wash., was …
New York federal court gave a preliminary approval to American International Group’s $725 settlement deal with Ohio public pension funds. It’s another forward step in AIG’s effort to resolve ongoing legal dispute with investors in the consolidated 2004 securities litigation. …
New York Governor Andrew Cuomo announced this week that federal disaster assistance is now available for homeowners, renters, small businesses, and municipalities in additional counties as a result of damages incurred by Tropical Storm Lee. Additions include: • Public assistance: …
A federal judge has delayed the sentencing date for the only defendant waiting to learn his punishment for his role in a $40,000 home insurance fraud case in Rhode Island. The sentencing hearing for Vincent DiPaolo was rescheduled to Tuesday …
Atlantic City has decided to bill insurance companies for fire department services. The City Council approved the ordinance this week without setting fees. Glassboro implemented such a system in 2005. Fire Chief Ralph Johnson told The Press of Atlantic City …
California’s U.S. Rep. John Campbell (R-48), who today introduced H.R.3125 – companion legislation to S.637 introduced by U.S. Sen. Dianne Feinstein earlier this year. Both bills would strengthen the nation’s natural disaster recovery system by enacting the Earthquake Insurance Affordability …
The Allstate Corp. said it has obtained all required regulatory approvals and closed its acquisition of Esurance and Answer Financial from White Mountains Insurance Group Ltd. The purchase price was approximately $1 billion. The transaction is expected to be non-dilutive …
Travelers has launched a new insurance product for the plastics industry that will provide a range of commercial covers including property damage, business interruption, employers’ liability, public and products liability and professional indemnity for businesses within the plastics and rubber …
