Fire officials in Milledgeville, Ga. believe arson is the cause of a fire that heavily damaged a public housing complex. Milledgeville Fire Chief Tom Dietrich said firefighters were called to the scene around 1 a.m. on Sept. 22. He said …
Homeowners in New Jersey won’t have to pay the state an extra fee to rebuild their houses after a fire or flood. The state’s Council on Affordable Housing proposed an exemption. The council had come under fire for approving regulations …
A.M. Best announced that a number of leaders of its insurance ratings team will address a variety of important property/casualty market issues in an online briefing set for today, Wednesday, September 24 at 9 a.m. Eastern time. Participation in the …
In a bulletin from its London Office, Aon Consulting notes that an “Advocate-General at the European Court of Justice today rejected Age Concern’s claim that forcing people to retire at or after 65 without compensation breaches EU equality legislation.” Aon …
Bermuda’s PartnerRe Ltd. announced that its early estimate of claims relating to its exposure to Hurricane Ike is currently between $175-$210 million on a pre-tax basis, net of reinstatement premiums. The bulletin described Ike’s passage through Texas, which caused significant …
American International Group Inc. (AIG) announced that it has signed a definitive agreement with the Federal Reserve Bank of New York for a two-year, $85 billion revolving credit facility. Interest will accrue at a rate based on 3-month LIBOR plus …
The FBI is investigating Fannie Mae, Freddie Mac, Lehman Brothers Holdings Inc. and insurer American International Group Inc. and their senior executives for potential mortgage fraud, CNN reported on Tuesday. The FBI did not provide specifics but said the inquiries …
Since 1996, editions of Crime in the United States have been available on the FBI’s Web site www.fbi.gov presenting data tables containing information on listed topics. For information about how the FBI’s Uniform Crime Reporting Program (UCR) collects data, see …
According to Virginia State Police (VSP) Special Agent Russell L. Eley III, Renita Yvette Wilson Meredith claimed the life insurance settlement check she received for her son who died in 2003 was “a blessing.” However, that blessing turned out to …
A researcher at the University of Iowa has found that tort reform laws do lower insurance premiums and save consumers money, though it depends on where the consumer lives. Ty Leverty, assistant professor of finance in the Tippie College of …