Pennsylvania-based PMA Capital Corp. has been acquired by Old Republic International Corp. in a stock-swap transaction valued at around $365 million. The transaction is expected to close in the third quarter, pending approval by PMA’s shareholders, and regulators. PMA Capital …
Reacting to BP’s Gulf of Mexico oil spill, a high-ranking U.S. senator Wednesday sought to toughen prison sentences for corporate officials who are found guilty of environmental crimes and to broaden fines for violations. Senate Judiciary Committee Chairman Patrick Leahy, …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Cayman Islands-based Eastern Re Ltd. S.P.C., both with stable outlooks. The ratings recognize Eastern Re’s “strategic affiliation with the holding company, …
A Solano County, Calif., deputy sheriff has been arrested for alleged workers’ compensation insurance fraud, the California Department of Insurance reported. Michael Oster of Elk Grove, Calif., was arrested and booked into the Sacramento County Jail on $10,000 bail. He …
Four more former firefighters are suing because of physical and emotional injuries from a 2007 fire that killed nine South Carolina firefighters. The Post and Courier of Charleston reported that the ex-firefighters are suing Sofa Super Store, its owners and …
Alternative Service Concepts (ASC), a third party claims administrator n Nashville, has hired Teresa Long as director of Regional Operations for its Southeast market including Georgia and Florida. Long will be responsible for monitoring claim efficiency benchmarks, reportable files, and …
Residents of a western Nebraska mobile home park face cleanup after strong storms tore through the Nebraska Panhandle. Officials says storms on the night of June 7 brought golf ball-sized hail and 60 mph high winds that overturned and ripped …
Weather experts say the weekend tornado that killed five people in Ohio was stronger than first thought, with winds up to 175 mph. A National Weather Service estimate puts the tornado at a 4 on the 0-to-5 scale for rating …
New research by U.S. Geological Survey scientists is casting doubt on the long-held idea that the New Madrid fault zone in Missouri’s Bootheel unleashed a series of devastating earthquakes in 1811 and 1812. In a new study, the researchers say …
A natural gas explosion at a Gainesville, Texas, restaurant has left one person in critical condition. Parkland Memorial Hospital officials in Dallas said that four people also are in serious condition after the explosion a day earlier in the kitchen …