Federal grants and low-interest loans are now available for rural residents whose homes were damaged by floods in March in Connecticut. Gov. M. Jodi Rell says eligible homeowners could receive up to $27,500 in assistance for repairs and improvements. The …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Iowa-based Toyota Motor Insurance Company (TMIC), both with stable outlooks. The ratings reflect the company’s “adequate capitalization and improved operating performance,” …
Standard & Poor’s Ratings Services has revised its outlook on Marsh & McLennan Cos. (MMC) to negative from stable. S&P has also affirmed its ‘BBB-‘ long-term and ‘A-3’ short-term counterparty credit ratings on the company. “The outlook revision follows MMC’s …
Massachusetts-based Insurance Recovery Group is launching a new division, Insurance Subrogation Group, that will provide subrogation services for commercial and personal auto insurance, workers’ compensation and property insurance. “The new division will expand on Insurance Recovery Group’s core competency, which …
State officials in Oklahoma declared a state of emergency on June 14 for 59 counties following severe storms and flooding that began a day earlier. At the request of Gov. Henry, who is out of the state, Lt. Gov. Jari …
Transocean Ltd has resolved its spat with the Obama administration over the oil drilling company’s attempt to limit its liability in the Gulf of Mexico spill, according to court papers filed Friday. The company and the Justice Department have been …
Claims-processing errors by health insurance companies create billions of dollars in unnecessary administrative costs, slow down payments to doctors and frustrate patients, the main U.S. doctor’s group said Monday. The American Medical Association said one-fifth of all claims are mishandled …
Louisiana Attorney General Buddy Caldwell has been told he can go ahead with his investigation of BP, the rig explosion that’s dumping oil into the Gulf of Mexico, and the company’s process for compensating Louisianans affected by the disaster. A …
Damage to an auto dealership and trailer park in eastern Scotts Bluff County, Neb., has been attributed to a tornado. The National Weather Service office in Cheyenne, Wyo., confirmed an EF-1 tornado touched down in eastern Scottsbluff. The twister had …
A wrongful death lawsuit has been dismissed against the owner of a western Wisconsin apartment building that burned in 2009 and killed three men. According to court documents, the family of victim Ronald Stuart Beck Sr., building owner Corazon Peterson …