The authority that operates Pittsburgh’s David L. Lawrence Convention Center is getting $4.78 million from firms to settle claims over a floor collapse. In February 2007, a concrete slab crashed to a walkway about 30 feet below when a tractor-trailer …
New York State Insurance Fund Deputy Executive Director Thomas Gleason has been honored with an award for excellence from the New York Claim Association (NYCA). The award, which was presented during a dinner earlier this month, recognizes service to the …
A Battle Ground, Washington, auto glass installer who overbilled an insurance company for years has pleaded guilty to first-degree theft. Robert T. Wooster, 51, doing business as Dr. Bob’s Auto Glass and DRB Enterprises Auto Glass, is believed to have …
A series of lawsuits over catastrophic floods that swept southern West Virginia eight years ago has been settled. Defense lawyer A.L. Emch says the agreements cover all litigation filed after the July 8, 2001 floods. Details of the deals, which …
Standard & Poor’s Ratings Services has raised its counterparty credit rating on Platinum Underwriting Holdings Ltd. to ‘BBB+’ from ‘BBB’. S&P also assigned its ‘A’ counterparty credit and financial strength ratings to Platinum’s insurance subsidiaries: Platinum Underwriters Reinsurance Inc. and …
A 42-year-old Billings, Mont., man has been sentenced to three months in prison for fraudulently obtaining federal aid for hurricane Katrina victims. U.S. District Judge Richard Cebull sentenced Mitchael Morgan and ordered him to pay $2,000 in restitution. Morgan pleaded …
In today’s economic climate, it’s difficult to find consistency. Business is changing at a rapid rate in every industry, and insurance is no different. As everything from the internet to the classic bear and bull markets transform the game of …
A new portion of the New Hampshire building codes will require that sprinkler systems be installed in all new homes. WMUR-TV said the New Hampshire State Building Code Review Board voted to require sprinklers in every newly constructed single- and …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating of “a” of Hong Kong-based NIPPONKOA Insurance Company (Asia) Limited, both with stable outlooks for both ratings is stable. “The ratings reflect NIPPONKOA …
A Lafayette, La., man suspected of selling vehicles with switched vehicle identification number (VIN) plates has been taken into custody by the Louisiana State Police Insurance Fraud Unit. The LSP reports that in November it began investigating possible fraudulent activities …