A.M. Best Co. has commented that the financial strength rating of ‘A+’ (Superior) and issuer credit rating of “aa-” of Iowa-based Berkley National Insurance Company are unchanged following internal modifications effected by W. R. Berkley Corporation with respect to reinsurance …
A federal jury in Louisiana has convicted three men of plotting to kill a man and collect money on life insurance policies. Thirty-two-year-old Jermaine Surtain was convicted of fatally shooting Treyor August on April 24, 2004, in New Orleans while …
Companies that manufactured mobile homes for the Federal Emergency Management Agency after Hurricane Katrina have agreed to pay $2.6 million to resolve thousands of claims that the shelters exposed Gulf Coast storm victims to potentially dangerous fumes, according to a …
A winter storm that blew across the Midwest on Jan. 20 was blamed for at least six traffic deaths in the region, as it dumped more than a foot of snow in some parts and was expected to leave sub-zero …
The Des Moines River in Iowa is rising higher and more often, which means floods like those that swamped the city in 1993 and 2008 are more likely to occur again than experts had previously estimated, according to a study …
A Massachusetts man who allegedly collected over $28,000 in fraudulent insurance claims for work performed at his automotive and glass companies has been arraigned on fraud and larceny charges, according to the state’s attorney general. Investigators say Robert Giller, of …
The impact of teen driver crashes extends far beyond teen drivers’ families and friends, according to a new report. In 2008, more than half a million (681,000) people were involved in crashes where a teen driver was behind the wheel. …
A veteran portfolio officer at Bank of New York Mellon Corp accused the company of sex and age discrimination Friday, charging she was paid less than younger, male employees. Rochelle Cohen’s suit, filed in federal court for the Southern District …
Big Four auditors have been hit with lawsuits stemming from their role in the credit crisis, though they have won dismissal or settled some key cases. Below are some of the major lawsuits and their status. AMERICAN INTERNATIONAL GROUP – …
Investors looking to pin blame on auditors for failing to flag risks ahead of the credit crisis are having a hard time getting their cases to stick. All of the “Big Four” auditors have been sued by investors who collectively …