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Mistake on Address Nixes Michigan Sidewalk Lawsuit

A lack of precision has killed a lawsuit over a bad sidewalk and a broken arm. The Michigan Supreme Court last week overturned the state appeals court and dismissed a lawsuit against the city of Hamtramck. Justices said 60-year-old Kimeta …

South Carolina Bill to Curb Copper Theft Goes to Governor

A South Carolina bill banning cash payments for copper appears one vote away from Gov. Nikki Haley’s desk. The House voted last Thursday to end cash sales for copper, and to require both seller and recycler to obtain permits from …

Home Insurer Dropping 73,000 Policies in Alabama

Alabama’s second largest insurer of homes, Alfa Insurance, announced plans Friday to not renew policies on one out of every six homes it insures in Alabama. The company said it will send notices involving about 73,000 homes when they come …

Stigma Keeps Many Firms From Reporting Cyber Attacks

Wary of alarming customers, many firms never report the kind of cyber attacks suffered by Sony, Google and others — and as long as the stigma holds, tackling the growing problem may prove impossible. Data theft is a menace that …

Fed Eyes Steep Capital for Risky Financial Firms

The largest and riskiest U.S. financial firms could be forced to hold up to twice as much capital as called for in the international Basel III accord, under one plan the Federal Reserve is considering. Fed Governor Daniel Tarullo said …

Agents Warn of Insurance Complications for NYC Contractors

Insurance agents are warning contractors in New York City that they may not be able to obtain increased coverage requirements called for by city regulations set to go into effect next week. Many of those new coverages are difficult or …

Massey Criticizes Federal Report on West Virginia Mine Disaster

The company that owned the coal mine where 29 miners died in the worst U.S. mining disaster in four decades concluded the explosion was the result of unpreventable natural gas buildup and not coal dust, contradicting the findings of an …

Rhode Island Radio Personality Admits Insurance Scheme

A former Rhode Island disc jockey has pleaded guilty to an insurance fraud scheme involving a former North Providence town councilman recently sentenced on separate corruption charges. Lori Sergiacomi entered her plea Thursday in federal court in Providence. She’s scheduled …

New Hampshire Association Repaying $17M

A nonprofit that manages New Hampshire’s public employees’ health insurance risk pool is repaying the health insurance pool $17 million diverted to support a workers’ compensation program. The Local Government Center’s board announced Thursday it will repay its HealthTrust the …

Agency Says Oklahoma Paying Less for Insurance

The amount the state of Oklahoma pays in liability and property insurance premiums is going down. Department of Central Services Director John Richard announced this week the state has received a $7.8 million credit in premiums for the fiscal year …

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