The Louisiana Superdome authority in New Orleans has filed suit against Merrill Lynch over a $238 million stadium bond issue that exploded in interest costs after the market for government securities dried up last year. The suit, filed in state …
A North Carolina town has formed an arson task force to investigates a rash of 22 suspicious structure fires that have broken out since last year. The Daily Dispatch of Henderson reported there were 17 suspicious fires last year and …
North Carolina Insurance Commissioner Wayne Goodwin reported the arrest this week of another Eastern North Carolina resident for his part in what Department of Insurance of investigators are calling an auto insurance fraud ring that staged accidents for more than …
San Francisco-based Wells Fargo & Co. announced its management team for the combined insurance businesses of Wells Fargo and Wachovia Corp. Reporting to Dave Zuercher, group head of International and Insurance Services, are Neal Aton, head of Wells Fargo Insurance …
James R. Pender has resigned from Oswald Companies, concluding more than 50 years of service with the Cleveland based insurance agency. The company, which he led for several decades, was founded by his grandfather in 1893. Pender grew the small …
Former North Carolina Insurance Commissioner Jim Long was in intensive care Friday at a Raleigh hospital after suffering a serious stroke, hospital officials said. Rex Hospital spokeswoman Melody Hunter-Pillion said Friday that Long remained hospitalized after collapsing last Wednesday afternoon …
Victoria, Cranbrook Victoria Insurance Co., a subsidiary of Michigan-based USF Insurance Co., has changed its name to Cranbrook Insurance Co. Cranbrook is incorporated in Texas with its headquarters in Farmington Hills, Mich., and is an A.M. Best A- rated property …
AFCO Credit, Cananwill AFCO Credit Corp. plans to buy the domestic operations and assets of the premium finance business of Cananwill from Aon Corp. The purchase is expected to be completed by the end of the first quarter. Terms were …
Political Citizens “We probably would have hoped they would have gone further than they did but these are very substantive recommendations and given the politics, these are tough issues.” —Sam Miller, chief executive for the Florida Insurance Council, responding to …
$7 Million The monetary award upheld by a Florida appellate court against a Tallahassee day care center for the parents of a 7-month-old toddler found with bites, bruises and swelling across her body. State investigators reported a “gross lack of …
