A Philadelphia attorney and four others were accused of making fake accident claims that netted $2.5 million over the last 25 years. Most of the cases involved people slipping and falling on cracked sidewalks outside stores, banks and other businesses, …
A new study comparing the composite output of 22 leading global climate models with actual climate data finds that the models do an unsatisfactory job of mimicking climate change in key portions of the atmosphere. This research, published on-line in …
Standard & Poor’s Ratings Services has revised its outlook on Bond Safeguard Insurance Co. and Lexon Insurance Co. to negative from stable. S&P also affirmed its ‘BBB-‘ counterparty credit and financial strength ratings on these companies. “The outlook revision reflects …
A.M. Best Co. has assigned an issuer credit rating (ICR) of “bbb+” and affirmed the financial strength rating (FSR) of ‘B++’ (Good) of Oswego County Mutual Insurance Company of Parish, NY. Best also revised its outlook in the FSR to …
Federal officials say an industrial laundry faces more than $160,000 in fines for failing to correct previously cited hazards and for additional workplace safety violations. The Occupational Safety and Health Administration says Atlas Health Care Linen Services in Watertown, N.Y. …
Nearly four years after Russell Crowe dislocated his shoulder while training to portray boxer Jim Braddock in “Cinderella Man,” the injury is the cause of a $3 million court bout. Clarendon National Insurance Co. filed suit against Omnikrom, the production …
Monitor Liability Managers, Inc. (Monitor), a member company of W. R. Berkley Corp., recently announced the launch of a new Independent Director Lliability (IDL) insurance policy that provides individual protection to independent directors. The new IDL policy, underwritten by Monitor …
In storm-ravaged parts of the Northwest, home and business owners are beginning to file insurance claims — a process that could be complicated by whether severe winds or floods did the damage. Insurers say they’ve received hundreds of claims, a …
Conn.-based S. H. Smith Co. Inc. recently announced that it has added Mark Mattson in the company’s newly created position of Regional Marketing manager. In his new position, Mattson will be responsible for coordinating sales and marketing activities for the …
Another traffic death in Oklahoma was attributed to a winter storm that blanketed the state in ice, while more than a half million homes and businesses remained without power Dec. 11 and schools across the state were again closed. Sixteen …
