Standard & Poor’s Ratings Services has revised its outlook on Norway’s Storebrand Livsforsikring AS (Storebrand Liv) and Storebrand ASA to negative from stable. S&P also affirmed its ‘A’ long-term counterparty credit and insurer financial strength ratings on Storebrand Liv and …
An appeals court in San Francisco threw out a decision that would have given $52 million to the parents of a toddler killed by a rolling pickup truck, and asked for a new jury to set punitive damages in the …
A man who admitted torching a friend’s grocery store in Everett, Wash., in a plan by the two to collect insurance and make the fire look like a hate crime has been sentenced to three years in prison. Naveed Khan, …
The lack of familiarity with Federal Acquisition Regulations and government immunities can leave U.S. government contractors exposed to costly lawsuits from customers and business partners, says Chubb Group of Insurance Companies. Contractors working for the Department of Defense or on …
A Florida jury granted a woman a $10.3 million verdict last week, agreeing that an emergency room doctor’s negligence caused her husband’s premature death. Nadine Raphael said Dr. James Shecter did not administer critical medicine when her 73-year-old husband Harvey …
Struggling auto parts maker Delphi Corp. announced on Friday, Aug. 31 that there is a settlement of lawsuits by investors who have accused the company’s former managers of fraud. The plaintiffs, including about 40,000 current and former employees and several …
The 5th U.S. Circuit Court of Appeals in Jackson, Miss. will hear arguments Oct. 1 about whether the Mississippi Legislature unconstitutionally raided an insurance fund in 2004 to balance the state budget. The Mississippi Surplus Lines Association sued the state …
A federal appeals court sided with Nationwide Mutual Insurance Co. last Thursday in a key Mississippi case related to hundreds of lawsuits over damage caused by Hurricane Katrina. The 5th U.S. Circuit Court of Appeals in New Orleans ruled that …
A proposed $49.7 million training facility would help prepare state troopers for the driving conditions they face on the job, including high-speed chases and off-road driving, a Texas Department of Public Safety official said. The Legislature earlier this year agreed …
A new state law enables the Texas Department of Public Safety to offer more flexibility for the nearly 775,000 drivers who haven’t paid state surcharges for driving violations. The law, which took effect Saturday, is a follow-up to 2003’s Texas …