The effects of the vicious nor’easter that dumped as much as 9 inches of rain on parts of New Jersey lingered Tuesday as floodwaters swirled through several low-lying communities and residents of others waited anxiously for rivers to crest. The …
Consumer-products giant Procter & Gamble Co. is asking a federal judge to ignore allegations a jury improperly awarded money to the company, which was the target of devil-worshipping rumors. Cincinnati-based Procter & Gamble filed the petition after three trial jurors …
The state of Rhode Island has recommended that a public health expert assist a judge who is preparing to order a massive cleanup of homes contaminated by lead paint, while three manufacturers who lost a landmark lawsuit last year said …
A federal judge said this week that his “door is open” to a mass settlement of disputed insurance claims in Mississippi after Hurricane Katrina, but he won’t endorse a proposed class-action settlement of roughly 35,000 claims for State Farm policyholders. …
A mandatory seatbelt law could do more than save drivers’ lives. It could save them money. When House lawmakers recently passed a seatbelt bill, supporters emphasized that buckling up would save lives. But the issue also has financial ramifications, and …
Standard & Poor’s Ratings Services has assigned its “A” long-term debt rating to the Australian dollar-denominated perpetual step-up notes to be issued by repackaging structure ELM BV and secured over the perpetual subordinated step-up loan notes (the loan notes) of …
Standard & Poor’s Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on Belgian reinsurer Secura N.V. to “AA-” from “A+” and assigned a stable outlook. “The upgrade reflects the strengthening of the guarantee provided to …
Aon UK’s new report, “Stand-alone Terrorism Market Update,” concludes that a “combination of increased capacity, more predictable premium rates and innovative program design is creating steady growth in the take up of stand-alone terrorism insurance.” Companies also appear more interested …
A measure intended to curb the growing problem of copper theft in Oklahoma recently moved one step closer to becoming law. The full Senate voted in favor of House Bill 1399, which would require junk dealers to maintain detailed records …
Today more and more consumers are going online to gather and compare insurance quotes from various insurance carriers. Most of these consumers are over 30 years old, college graduates and homeowners, with 10 or more years of driving experience. More …