Stockton, Calif. and Assured Guaranty have reached an agreement to restructure more than $150 million of outstanding debt to help the city exit from bankruptcy, a top city official and the bond insurer said. Under the terms of the agreement, …
Votes counted from Tuesday’s special election show that Cy Sun, a Washington area mayor, will be recalled on July 9 when the election is certified, likely removing from office a man who many blamed for endangering the insurance coverage for …
The city of Niota, Tennessee, is again without insurance and has shut down most city services. According to The Daily Post-Athenian, only a skeleton staff remains in the city of about 800 residents. Coverage through the Tennessee Municipal League (TML) …
Trident Insurance Services, LLC, a member of Argo Group International Holdings, Ltd., has formed an exclusive business relationship with The McGowan Cos. to offer access to its public entity insurance program in Pennsylvania. The public entity insurance program—underwritten by Trident …
The family of a Vermont State Police trooper killed while trying to stop a fleeing suspect a decade ago has received a $4.5 million settlement from the state and its insurance carrier. Washington County Superior Court Judge Robert Bent last …
Much of the city of Niota, in Tennessee, is shut down, including its police and fire departments, after the city’s liability insurance expired at midnight on April 18. The Daily Post-Athenian reports the Tennessee Municipal League declined to renew the …
A Pittsburgh suburb’s insurer has paid $98,500 to settle a lawsuit filed by an Allegheny County police officer against local cops he claims roughed him up then filed false charges against him. Fifty-one-year-old Raymond Hrabos, the county cop, lives in …
The Hartford has expanded its commercial property practice to offer insurance programs for the public entity sector, with a particular emphasis on public entity risk pools, as cities and counties seek ways to manage insurance costs in the face of …
The financially troubled Kentucky School Boards Insurance Trust will disband, forcing school districts to search for new providers of workers compensation, property and liability insurance policies. The closure means financial consequences for all of the state’s 174 school districts, which …
A fire that killed two toddlers is the subject of a Umatilla County lawsuit that alleges negligence on the parts of the Seattle-based management company and the trailer park manager. The suit names the toddlers’ parents as beneficiaries of their …
