Spring and summer storms in Kansas have led to more than $1 billion in insurance claims this year. The Kansas Department of Insurance reported that the 197,000 claims have been filed for property and crop damage. The numbers do not …
After hearing tearful testimony from several people whose life savings were stolen, a federal judge in Virginia sentenced a former Texas businessman to 60 years in prison for his role in a $100 million life insurance scam that claimed more …
Lawyers for a West Virginia nursing home are preparing to take a case to the state’s Supreme Court on the grounds that a $91.5 million jury award should be reduced under the state’s medical malpractice law. In August, after a …
Royal Dutch Shell’s Singapore refinery may remain shut for at least a month, industry sources said, and the company declared it would not meet supply commitments after a blaze at the major 500,000 barrels-per-day plant. Singapore is Asia’s hub for …
The merger of insurer Nationwide Mutual with regional carrier Harleysville Mutual is all about growth, not only for the companies but also for their independent agents, according to the CEOs of the two insurers. Harleysville is a “perfect match” for …
Insurance rates are rising for property in high-risk areas, while rates are falling for many lines of professional insurance, leading to an overall stable market around the world, according to a report from Marsh, the brokerage arm of Marsh & …
Officials in Shelby County in Tennessee said their insurance company is not renewing the county’s policy protecting against financial crimes, a move that stems from an alleged embezzlement scheme at Chancery Court that led to $1 million in losses. Travelers …
The city of Orange Beach, Alabama has reached a settlement with BP PLC over lost revenues stemming from last year’s Gulf oil spill, with the oil giant agreeing to pay $1.27 million for lodging and retail revenues the coastal town …
Officers and directors of failed Colonial BancGroup in Alabama, including Auburn University trustee Bobby Lowder and former Auburn football coach Pat Dye, have agreed to pay investors $10.5 million to settle a class-action suit. Terms of the proposed settlement were …
Dina Zampelle expects that by December, her credit score will be as muddied as her central New Jersey home. That’s because unless the government jumps in to help, she expects the bank to foreclose. “I owe $290,000 on that house. …
