American International Group Inc is selling its consumer finance businesses in Latin America, including a unit in Colombia it bought just last year, as the insurer sheds assets to pay back the U.S. government, according to sources familiar with the …
Zurich announced the company will reinstate its Claims Alternative Dispute Resolution (ADR) program for settling claims that are at an impasse and cannot be resolved through its standard catastrophe adjusting process. As part of its response to Hurricanes Ike and …
A.M. Best Co. has commented that the financial strength rating of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a+” of German reinsurer Hannover Rueckversicherung AG (Hannover Re) remain unchanged following the company’s announcement of an agreement to acquire …
High winds and dry weather have combined to fuel grass fires that left thousands of acres of Texas blackened. “We’re critically dry across the state,” Nick Harrison, a spokesman for the Texas Forest Service, said. Dry conditions in Arkansas as …
A Salisbury, Maryland woman who was awarded $300,000 after she was fired by a pesticide company and lawyers for that company were in court over economic damages. Jean Scott was fired in 2005 for complaining about gender discrimination. She had …
A Bellows Falls, Vermont bar owner has won a $22,500 settlement and a formal apology from the village stemming from his arrest when he refused to let police officers enter his pub to check for underage drinkers. The suit followed …
A devastating fire in Coatesville overnight has destroyed 15 row homes and may be connected to a string of arsons in the Philadelphia suburb. The federal Bureau of Alcohol, Tobacco, Firearms and Explosives has joined the probe. Authorities say there …
A western Pennsylvania man will spend four years on probation after confessing his role in an insurance fraud kickback scheme related to Hurricane Ivan and helping federal prosecutors convict another man. Police say 51-year-old Michael Smarto of Marshall Township conspired …
The most violent cyclonic storm since 1999 roared across southwest France and Northern Spain over the weekend, causing the deaths of 15 people and inflicting heavy damages on infrastructure. Four children aged from nine to 12 years were killed on …
Washington Gov. Chris Gregoire has asked President Barack Obama to declare a federal disaster in nine counties hid by flooding, mudslides and avalanches. Damage surveys found 102 homes destroyed and 2,340 damaged by severe winter weather. Storms also damaged roads, …