The North Dakota family of a 7-month-old boy killed in a rollover two years ago says a defective child safety seat caused the child to be ejected from the vehicle. Relatives of Isaac Eslinger are suing Ohio-based infant equipment manufacturer …
Two insurance adjusters employed by giant insurer American International Group say they have filed a collective action under the Federal Fair Labor Standards Act asserting that AIG intentionally misclassified hundreds of clerical employees as exempt from federal overtime requirements. The …
Standard & Poor’s Ratings Services has affirmed its ‘A+’ long-term counterparty credit and financial strength ratings on American Family Mutual Insurance Co. (AFMIC) and its wholly owned subsidiaries, American Family Insurance Co., American Standard Insurance Co. of Ohio, and American …
Standard & Poor’s Ratings Services has released a new report, which examines Taiwan’s P/C insurance sector. S&P said the general outlook is “stable, reflecting the likelihood of continued satisfactory profitability and capital strength, and appropriate reserving.” The article “Nonlife Insurance …
Boston-based catastrophe risk modeling company AIR Worldwide Corporation reported insured wind losses from Hurricane Humberto are unlikely to exceed $200 million. The estimate covers insured wind losses to property, contents, business interruption and additional living expenses for onshore properties. Air …
The Texas Department of Insurance Division of Workers’ Compensation announced that the workers’ compensation state average weekly wage for Fiscal Year 2008 is set at $712 and is effective for dates of injury from Oct.1, 2007 through Sept.30, 2008. The …
Salisbury, Md.-based Consumer Specialties Insurance Co. (CSI), a risk retention group serving chemical manufacturer and distributor members of the Consumer Specialty Products Association (CSPA), announced that it has extended the limits of its commercial general liability coverage from $5 million …
The leader of an arson ring that collected more than $400,000 in fraudulent insurance claims for fires in three New York counties is scheduled to surrender Sept. 18 to serve a 10-year federal prison sentence, according to state officials. James …
Like other driving instructors across Maine, Dwight Hawkins has a new lesson to add to his course this fall: If you’re under 18 and behind the wheel, lose the cell phone. As of Sept. 20, a new Maine law will …
State Farm Insurance Cos. has settled with 103 policyholders in Mississippi who challenged the company’s refusal to cover damage to their homes from Hurricane Katrina, a lawyer for the homeowners said Monday. Terms of the settlement are confidential, said attorney …