A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit rating (ICR) of “aa” of Japan’s Mitsui Sumitomo Insurance Company Limited (MSI). Best also affirmed the FSR of ‘A+’ (Superior) and assigned an ICR …
The Michigan appeals court says the state can be sued over a chunk of concrete that smashed a windshield and injured a driver on Interstate 75 in Detroit. Robert Moser II of Detroit suffered broken ribs, a collapsed lung and …
California Sens. Barbara Boxer and Dianne Feinstein are joining Gov. Arnold Schwarzenegger in calling on the Obama administration to issue a federal disaster declaration for Fresno County. In a letter to the president, the senators said the county has been …
A 43-year-old Sioux Falls, S.D., man was ordered to serve 18 months in prison and repay nearly $430,000 he stole from his employer over more than four years. Kyle Barfoth pleaded guilty in federal court in Sioux Falls to embezzling …
Preliminary estimates show the strong winds, flooding and hail that hit North Texas earlier this month caused between $15 million and $20 million in damages. Southwestern Insurance Information Service in Austin says the figures are very preliminary. As many as …
California Gov. Arnold Schwarzenegger has proposed downgrading insurance crimes in California from felonies to misdemeanors to help reduce the prison budget — a move that insurance and fraud experts say would have dire consequences. In his 2009-10 May Revision General …
More than 3,400 Americans will be injured or killed by a defective Chrysler or General Motors vehicle during the first year of the car makers’ bankruptcies, according to a report by a consumer safety advocacy group. The report predicts that …
Federal Emergency Management Agency officials are expected to survey damage in two Pittsburgh-area communities that are seeking disaster aid for severe storm damage last week. The FEMA workers are expected to visit Turtle Creek and Jeannette, both several miles east …
Two South Florida banks are recovering from damages after two cars crashed into them within minutes of each other. Authorities say the first crashed happened around 1:20 p.m. Wednesday at a Washington Mutual in Deerfield Beach. The Broward Sheriff’s Office …
A Massachusetts teenager has been sentenced to two years in jail for setting a fire that destroyed a Northborough strip mall and for firebombing a teacher’s car. Matthew Cramer was sentenced Wednesday in Worcester Superior Court after pleading guilty to …