A Miami condominium association is suing its insurer, QBE Insurance Corp., and its Florida general managing agent, for more than $500 million in damages, claiming bad faith and deception in handling hurricane claims. Daniel S. Rosenbaum, the managing partner of …
A wrongful death lawsuit in Louisville claims a now-defunct Kentucky youth group put three teenage brothers into a stolen car in which they died during a police chase. The lawsuit was reported by WAVE-TV in Louisville and was filed by …
A riding lawn mower may have four wheels, a powerful engine and can cost as much as a used car. If it’s stolen, however, the Georgia Supreme Court concluded that it’s not a motor vehicle. The 4-3 decision overturned the …
A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Bermuda-based BNY Trade Insurance Ltd. Best said the ratings’ revisions reflect BNY Trade’s …
More than 300,000 current and former policyholders of General American Life Insurance Co. will soon receive $75 million in distribution payments, according to the Missouri Department of Insurance. In 1999, the Missouri DOI placed General American’s parent company, General American …
The former bookkeeper for a Pittsburgh insurance agency has pleaded guilty to mail fraud for stealing more than $432,000 from the business. Federal prosecutors say 45-year-old Debrah Wenig, of Pittsburgh, was one of two people needed to sign checks for …
Fire investigators say a fire that damaged the B&M Baked Beans factory in Portland was arson. Portland fire officials say the fire in a storage facility filled with cardboard was reported at about 2:45 a.m. Sunday. Officials say the fire …
Despite the complexities of the nation’s worst economic downturn in decades, some Louisiana-based companies are showing surprising growth. The state recently has seen its count of homegrown Fortune 500 companies sprout to three: power provider Entergy Corp., engineering-construction company The …
The New York State Insurance Department is proposing new regulations for no-fault auto insurance coverage in Empire State, in a move the state’s top regulator says will help reduce fraud. “We have to be vigilant in protecting the pocketbooks of …
Universal Orlando has been fined and ordered to make changes over a July accident at its Islands of Adventure theme park. The Occupational Safety and Health Administration fined Universal Orlando $3,750 on Oct. 2 for what it called a “serious” …