A Tampa lawyer and the owner of a medical center have been arrested and charged in an insurance scam after authorities said the lawyer altered his marriage certificate to fraudulently include the center’s owner and her children on his health …
Another fatal building fire erupted in Paris on Monday night, Aug. 29, claiming 7 lives and injuring 14, three seriously. The fire in the French capital’s Marais District of the 3rd Arrondissement, broke out around 10:00 p.m. local time in …
Although they are still relatively rare, compared to the number of commercial property policies in force, a number of cat bonds covering specific property risks were briefly threatened by Hurricane Katrina. However, according to a statement from Standard & Poor’s, …
Reports from Reuters, the Financial Times and other sources indicate that Equitas, the Lloyd’s runoff vehicle, will announce that it is set to pay 167 million pounds ($300 million) to settle six additional asbestos claims. Equitas has apparently reached settlement …
The head of the U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) announced Monday that federal disaster aid has been made available to the state of Louisiana to help residents and communities recover from the damages and losses …
Mississippi Gov. Haley Barbour released the following statement recently on the impact of the Tort Reform Act of 2004. “It’s been more than a year since I signed the Tort Reform Act of 2004 into law. Ending lawsuit abuse was …
Michael Brown, under secretary of Homeland Security for Emergency Preparedness and Response, announced on Monday that President Bush authorized an emergency declaration for Alabama and Mississippi. Federal resources are being allocated to support emergency protective response in the counties located …
Hurricane Katrina likely will be the largest insured loss from a single event since the terrorist attacks of Sept. 11, 2001 and the largest U.S. hurricane loss since Hurricane Andrew in 1992, Fitch Ratings said Monday. What’s more, the magnitude …
The National Hurricane Center has downgraded Katrina to a tropical storm in the last few hours and issued warnings from Lake Ponchartrain and the mouth of the Pearl River, eastward to the Alabama/Florida border. All other warnings have been discontinued …
Nationwide Financial Services Inc. plans to redeem a series of preferred securities that were scheduled to come due in 2028. Nationwide Financial will pay $200 million to retire the securities. It will take a one-time charge of about $14 million …