A Lancaster, Ohio, (Fairfield County) woman was sentenced in the Franklin County Common Pleas Court after pleading guilty to workers’ compensation fraud, a fifth degree felony. The plea came as a result of an Ohio Bureau of Workers’ Compensation (BWC) …
Enforcement by the Missouri Department of Insurance resulted in consumers receiving $10.5 million from their insurance companies in 2010, the DOI reported. The money was returned through the department’s mediation efforts on behalf of consumers who had filed complaints, as …
Bank of America Corp.’s Countrywide mortgage unit has been sued by investors claiming they were victimized in a “massive fraud” when they bought mortgage-backed securities. The lawsuit was filed on Monday in a New York state court by 12 plaintiffs …
A company that employed a worker who died in an accident on the University of Iowa campus on Jan. 24 was cited for safety violations in 2009 that regulators said put employees’ lives in danger during another UI project along …
The Alabama Supreme Court has thrown out a $3.2 million judgment against a Montgomery hospital, ruling for the first time that a hospital affiliated with a state university shares the state’s immunity from lawsuits. In their 5-3 decision released on …
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 …
Fairfax County, Virginia has reached a $2 million settlement with the family of a 37-year-old optometrist who was shot and killed by police as part of a gambling investigation in 2006. County police sent a SWAT team to arrest Salvatore …
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 …
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 …
The Vermont Attorney General’s office says a Connecticut-based health insurance company is ready to pay $55,000 to settle a complaint that it didn’t inform customers that personal information had been lost along with an unencrypted computer hard drive. The state …