Tower Group, Inc. reports that Steven G. Fauth, a director of Tower Group, Inc. and senior vice president of claims of its insurance subsidiaries, will resign from these positions to pursue other professional opportunities. The company said his responsibilities will …
A former paralegal at a New York law firm has been indicted on charges of posing as a licensed attorney and stealing more than $284,000 from his employer. Brian Valery practiced law at Anderson Kill & Olick for about two …
Standard & Poor’s Ratings Services has revised its outlook on Russia-based insurer Neftepolis Insurance Co. LLC to positive from stable, “as a result,” said the announcement, “of closer integration with Russia-based SOGAZ Insurance Group, with which the company merged in …
Standard & Poor’s Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on Russian insurer Ingosstrakh Insurance Co. to “BBB-” from “BB+,” and affirmed its “ruAA+” Russia national scale rating. The outlook is stable. “The upgrade …
Oman evacuated tens of thousands Wednesday and closed the major port of Sohar northwest of the capital Muscat, as a weakening Cyclone Gonu roared toward the Strait of Hormuz – the world’s major transport artery for Persian Gulf oil. As …
Firefighters have completely contained a fire in the southern part of Tennessee’s Great Smoky Mountains National Park after it burned 970 acres, park officials announced Monday. Most of the firefighters were allowed to leave the scene near the Abrams Creek …
State Farm Fire & Casualty Co. agreed Monday to settle a Mississippi policyholder’s lawsuit over Hurricane Katrina damage before a jury could be picked to try the case. Terms of the settlement between State Farm and the policyholder, Michael McCoy …
Jackson County officials have put off until at least June 10 a decision on whether to join in a state-backed project to locate cottages in the Mississippi coastal location. The Mississippi Alternative Housing Program has proposed a trial program to …
The performance of two fire eaters got a little too hot for Johnson City, Tenn. police, who cited them as a safety hazard at the annual Blue Plum Festival. The men were arrested June 1 when they used kerosene to …
AIR Worldwide Corp. updated its hurricane modeling software enabling enhanced methodology for estimating business interruption losses. AIR’s newest U.S. Hurricane Model accounts for both building and business characteristics when estimating total business interruption downtime and includes indirect losses from sources …