Ohio Department of Insurance Director Mary Jo Hudson announced that Huey Granderson of Millersport, Ohio, will spend more than six years in prison for his involvement in a Fairfield County insurance fraud ring. Granderson was the ring leader of a …
Democrats in the Michigan House are pushing a dozen bills they say are needed to protect consumers from unfair claims practices by insurance companies. But insurers maintain the measures are unnecessary and will do more harm than good. The House …
South Carolina authorities say a former mill factory known as The Bleachery caught fire in a new location, more than a week after it began burning. Rock Hill Fire Chief Benny Funderburke said more than 50 firefighters took part in …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s of London and Lloyd’s Reinsurance Company (China) Limited (LRCCL). Best also affirmed the ICR of “a” on the …
Former California life insurance agent David Abraham, 48, of Santa Barbara, has pled guilty to felony grand theft and been ordered to pay $2.1 million in restitution to victims. He also was sentenced to serve 90 days in county jail …
Standard & Poor’s Ratings Services has revised its outlook on Bermuda-based insurance and reinsurance holding company Arch Capital Group Ltd.(ACGL) and its operating subsidiaries to positive from stable. S&P also affirmed our ‘BBB+’ counterparty credit and senior debt ratings on …
Louisiana Commissioner of Insurance Jim Donelon announced that the Louisiana Automobile Theft and Insurance Fraud Prevention Authority (LATIFPA) within the Department of Insurance has launched a new Web site with information and statistics about insurance fraud and vehicle theft. The …
Beverly Crouch spent hundreds of dollars on chemicals last fall to try to get the green tinge out of her backyard pool in Midland, Texas. All for naught. It wasn’t until two months ago that she learned why the chemicals …
Another small earthquake – the seventh in about a month – has been reported in the North Texas town of Cleburne. The U.S. Geological Survey recorded a 2.0-magnitude quake there on July 10. Before early June, an earthquake had never …
The Wisconsin Supreme Court on July 10 tossed out a $200,000 award to a father who watched one of his twin sons die during birth in 1998. In a decision praised by doctors but criticized by trial lawyers, the court …