An audit finds that the New York state Department of Motor Vehicles has incorrectly scored some tests for some commercial drivers and given licenses to people who were not qualified. State Comptroller Thomas DiNapoli says the DMV also doesn’t verify …
Standard & Poor’s Ratings Services revised the outlook to negative from stable on Florida Hurricane Catastrophe Fund (AA-), Citizens Property Insurance Corp. (A+), and Florida Insurance Guaranty Association (preliminary rating ‘A-‘) following the outlook revision on Florida’s ‘AAA’ long-term rating …
While the maximum potential exposed insurance limits resulting from the alleged Bernard Madoff Ponzi scheme are estimated to be above $6 billion, the range of direct insured losses will be a far smaller number, most likely somewhere between $760 million …
Dozens of Hurricane Katrina-related lawsuits filed by Richard “Dickie” Scruggs for policyholders against State Farm Fire and Casualty Co. have been settled. Terms of the settlements are confidential. Officials with Bloomington, Ill.-based State Farm say the company is pleased it …
A federal judge has dismissed a national fraternity from a wrongful death suit stemming from a fatal accident involving a state lawmaker’s son that occurred after a party in southwestern Kentucky. U.S. District Judge Thomas B. Russell in Paducah ruled …
Boise officials are considering banning all-terrain-vehicles from all city streets. City officials say they have prepared an ordinance as a precaution in hopes of preventing serious and possibly fatal traffic issues involving the vehicles. A lawyer for the city concedes …
A Mississippi company cited for safety violations in the death of three workers when a trench collapsed in March has agreed to pay a $39,500 fine. American Air Specialists Inc. of Hattiesburg was cited by the federal Occupational Safety and …
New numbers show more workplace injuries and illnesses were reported in Virginia from those in government jobs than in the private sector in 2007. According to a Virginia Department of Labor and Industry report released last week, 104,200 workers were …
A former insurance agency operator in Bedford, New Hampshire, has pleaded guilty in federal court to wire fraud in connection with defrauding business clients. Prosecutors say from October 2001 to September 2003, 54-year-old Raymond Douville, also known as Raye Ellen …
A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit rating of “aa” of South Korea’s Samsung Fire & Marine Insurance Co., Ltd. (Samsung F&M), with stable outlooks “The ratings reflect Samsung F&M’s strong and …