An act of nature is, in essence, a natural disaster such as flooding, landslides, lightning, freezing, tsunamis and earthquakes. These types of events are considered “force majeure,” or causes outside the parties’ control that could not be avoided by exercising …
Jenny Kouch of Milpitas, Calif., and Peter Huynh of Fremont, Calif., have been arrested on felony automobile insurance fraud charges, according to the California Department of Insurance. If convicted, Kouch and Huynh face as many as five years in prison …
An insurance company is fighting a claim on a Madison County, Ill., house that exploded last year, blaming a female occupant for the blast. Madison Mutual Insurance Co.’s lawsuit in Edwardsville asks a judge to not require it to pay …
Former employees of Tulsa, Okla.-based Arrow Trucking Co. have sued the company after it suddenly suspended operations and laid off workers. The federal lawsuit claims Arrow violated laws that govern mass layoffs and business closures. Philadelphia attorney Charles Ercole, who …
The relatives of two dead oilfield workers have filed suit in Louisiana state court against a helicopter transport company and two other businesses, blaming them for a nearly year-old crash that killed eight people. The helicopter’s owner, PHI Inc., which …
Authorities say a man died after falling about 80 feet into a silo at a northeastern Indiana grain business. Adams County deputy coroner Leslie Cook says the worker was doing routine cleaning and maintenance when he fell Dec. 29 at …
North Dakota Insurance Commissioner Adam Hamm has revoked the insurance license of Patricia Howard, a Dunn Center, N.D., insurance agent who the insurance department says engaged in deceitful and dishonest practices against her insurance clients. The revocation bars Howard from …
U.S. Risk Insurance Group Inc., based in Dallas, Texas, has expanded into the specialty reinsurance brokerage marketplace. Goss Reinsurance Brokers Inc. will operate as a specialty reinsurance broker for medium to small insurance carriers, captives, self-insurance funds, risk retention groups, …
A.M. Best Co. has affirmed the financial strength rating of ‘B-‘ (Fair) and the issuer credit rating of “bb-” of Russia’s OJSC Transsiberian Reinsurance Corporation (Transsib Re), both with positive outlooks. The ratings reflect Transsib Re’s “good business position, weak …
Kentucky fire officials believe a marina fire on Lake Barkley might have started in a floating repair shop. The blaze on Saturday at Green Turtle Bay near Grand Rivers destroyed 10 rental houseboats and damaged a section of dock. There …