For the third time in less than a week a small earthquake has been recorded in Oklahoma, but geological experts say these occurrences are not uncommon or cause for alarm. The U.S. Geological Survey reported a magnitude 3.2 earthquake occurred …
Tower Group Inc. has completed its acquisition of CastlePoint Holdings Ltd. in a transaction valued at $531 million based on Tower’s current market price. Tower announced a definitive agreement to acquire CastlePoint on Aug. 5, 2008. All closing conditions have …
Standard & Poor’s Ratings Services has assigned its ‘AA-‘ counterparty credit and financial strength ratings to Philadelphia Indemnity Insurance Co. and its sister company, Philadelphia Insurance Co. (collectively referred to as PHLY). S&P also said that the outlook on both …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Harleysville Insurance and its P/C pooling members. Best also affirmed the FSR of B++ (Good) and ICR of “bbb+” …
A Baltimore man is alleging in a lawsuit that rogue police officers violated his civil rights in a public strip search. Thirty-five-year-old Navy veteran Daryl Martin is suing the city Police Department, former commissioner Leonard Hamm and several officers for …
A Baltimore woman says when she ordered an iced tea at a local McDonald’s restaurant last year, employees gave her a cup containing a cleaning chemical. Caryl Jones has filed a $100,000 lawsuit in Baltimore City Circuit Court. The lawsuit …
As authorities investigate another fire in a suburban Philadelphia community plagued by a string of arsons, city officials plan to enlist community members to help look for whoever is setting the fires. Coatesville spokeswoman Kristin Geiger says a town watch …
Firing bolts of lightning at expensive electrical equipment is all in a day’s work at NEETRAC – the National Electric Energy Testing Research and Applications Center. The goal for the lightning research and other testing done by the center is …
More cash-strapped states want to give law enforcement officers the authority to pull over motorists who aren’t wearing seat belts. The 15 states, including Ohio, that are considering making the switch need to do so before July to be eligible …
The Minnesota Department of Public Safety says the new year is off to a dangerous trend on the state’s roads. Seven motorists were killed in Minnesota in January — and six of them were not wearing seat belts. That’s according …