Standard & Poor’s Ratings Services has said that its rating actions on American International Group Inc. and its insurance subsidiaries “have no effect on the ratings on Transatlantic Holdings Inc. (TRH – ‘BBB+’/Stable/–) or any of TRH’s operating subsidiaries.” These …
State and local officials in Oklahoma are warning property owners with damage from the Feb. 10 tornadoes and storms to beware of possible roofing scams. In some cases the homeowner pays for roofing work but the work isn’t completed, said …
Standard & Poor’s Ratings Services has affirmed its ‘AA’ counterparty credit and financial strength ratings on State Farm Mutual Automobile Insurance Co. and all of its core companies, including State Farm Life Insurance Co. But S&P also revised its outlook …
Standard & Poor’s Ratings Services has lowered its counterparty credit rating on Hartford Financial Services Group Inc. (HIG) to ‘BBB’ from ‘BBB+’ and its counterparty credit and financial strength ratings on all of HIG’s life (Hartford Life) and property/casualty (Hartford …
The Supreme Court Wednesday ruled against the drugmaker Wyeth, holding that pharmaceutical companies can be held liable for harm from medicines which carry warnings approved by federal regulators. By a 6-3 vote, the high court ruled that labeling approvals by …
The Army Corps of Engineers says four dams in North Dakota are among the 600 nationwide that are being screened through a new public safety process. The corps says the Garrison, Bowman Haley and Snake Creek dams have been classified …
A Long Island teenager is suing Facebook and four former high school classmates for allegedly bullying her in a private forum on the social networking site. Denise Finkel, now a student at the University of Albany, filed suit in Manhattan …
A wooden johnboat with a hole in it now and with lamps no longer illuminate are survivors of the devastating flood of 1927. On Monday, those and other artifacts went on display at Greenville’s Carriage House for the opening of …
A Hayward, Wisconsin tavern owner has been found guilty of burning his business to collect more than $250,000 in insurance money. U.S Attorney Erik Peterson’s office says a federal jury found 39-year-old Philip Lathrop guilty of arson and mail fraud. …
A Lebanon, N.H., woman has been charged with trying to deceive her new insurance company with a claim filed the day after she signed up for coverage. State officials say an indictment charges Smith with getting the Progressive Northern Insurance …