A high-profile Mississippi lawyer, who became unpopular on Wall Street for battling powerful companies, was sentenced to five years in prison Friday after pleading guilty to conspiring to bribe a judge. Richard “Dickie” Scruggs made millions through landmark lawsuits against …
A company that sold the foam blamed for fueling a Rhode Island nightclub fire that killed 100 people has agreed to pay $6.3 million to settle lawsuits from survivors and victims’ relatives, according to court papers filed last week. The …
The state’s high court has backed a 2006 law that applies harsher penalties to drivers who refuse to take a Breathalyzer test. Before the law passed, nearly 85 percent of suspected drunken drivers were refusing the test. The law doubled …
Standard & Poor’s Ratings Services has raised its counterparty credit rating and insurer financial strength rating on Taiwan-based Mingtai Fire & Marine Insurance Co. Ltd. to ‘AA-‘ from ‘A’ and assigned a stable outlook. S&P said the “rating actions reflect …
Standard & Poor’s Ratings Services has assigned its interactive Lloyd’s Syndicate Assessment (LSA) of ‘3-‘ (average dependency) to U.K.-based Montpelier Syndicate 5151 with a stable outlook. S&P said the “assessment is based on the syndicate’s strategic importance to Montpelier Reinsurance …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating (ICR) of “a-” of Bahrain-based Trust International Insurance & Reinsurance Company (Trust Re) with stable outlook s. “The ratings reflect Trust Re’s strong …
An attorney and accountant have been charged with participating in a “rent-a-patient” scam described by authorities as the largest medical insurance fraud case in the nation. Roy Chester Dickson, 60, of Yorba Linda, Calif., and Andrew Robert Harnen, 54, of …
Auto thefts reported to police in Colorado dipped 40 percent between 2005 and 2007, partly because of a stronger focus on preventing and solving those crimes and tougher penalties in at least one community. Auto thefts, which totaled 25,315 in …
Who has the opportunity to buy insurance leads? Generally speaking, agents and brokers are the two sets of professionals who are most interested in this. The question is: why would anybody want to purchase insurance leads when they can be …
State police are crediting an increased number of sobriety checkpoints for a 70 percent rise in drunk driving arrests since 2005. Last year, state police arrested 4,879 people for operating under the influence, compared to 2,869 in 2005. During that …