An insurance company might have to pay $1.8 million if the lone survivor and relatives of five other victims of a shooting spree win lawsuits against the attacker’s parents, the Pennsylvania Superior Court ruled. Donegal Mutual Insurance Co. would have …
While increased frequency of hurricanes is nothing new in historical terms, the enormous growth in coastal population and development is dramatically increasing the potential for insured losses, according to a new paper from GE Insurance Solutions. “Demographic trends in Florida …
Residents of Louisiana who have been displaced by Hurricanes Katrina and Rita may have mail. Many were forced to flee their homes for safer, drier places when the storms hit. Some of them may have been too busy to submit …
Sequoia Insurance Company, a multi-line property and casualty insurer serving the western United States, and Guidewire Software, a provider of solutions to property and casualty and workers’ compensation insurers, reported that Sequoia Insurance Company has selected Guidewire ClaimCenter as the …
A.M. Best Co. announced that it has affirmed the “A+” (Superior) financial strength rating and assigned an issuer credit rating (ICR) of “aa” to Japan’s Mitsui Sumitomo Insurance Company Ltd. (MSI) with a stable outlook. “The ratings reflect MSI’s strong …
The Bermuda-based PXRE Group Ltd. reported a net loss before convertible preferred share dividends of $446.5 million for the quarter ended December 31, 2005 compared to net income before convertible preferred share dividends of $32.8 million in the fourth quarter …
Job safety training is the focus of an “OSHA Safety Day” training conference to be held March 16 at Waubonsee Community College in Sugar Grove, Illinois. The forum is co-sponsored by the North Aurora area office of the U.S. Department …
A 34-year-old Worcester, N.Y. farm owner has been arraigned on criminal charges in connection with an April 2003 fire that killed 24 cows. Peter Mravlja was charged with arson, insurance fraud and witness tampering following a nearly three-year investigation local …
A Portsmouth, Rhode Island contractor faces a total of $42,600 in fines from the U.S. Labor Department’s Occupational Safety and Health Administration (OSHA) for alleged cave-in and asbestos hazards following OSHA inspections at two Portsmouth worksites. A Nov. 16, 2005, …
A Rhode Island Superior Court jury has found three former lead paint manufacturers responsible for poisoning children in a lawsuit that could cost the manufacturers millions of dollars in damages. The lawsuit was the first brought by a state seeking …