The Federal Emergency Management Agency says its flood insurance arm will re-inspect more eastern North Carolina homes and businesses damaged during Hurricane Irene after owners complained claims adjusters weren’t doing a good job. FEMA announced Wednesday the National Flood Insurance …
If the Federal Bureau of Investigation turns up evidence that MF Global Holdings Ltd improperly mixed customer accounts and its own funds, it would still be difficult to prosecute the firm’s CEO, Jon Corzine, on criminal charges, legal experts said. …
AIG suffered a perfect storm of natural disasters and adverse market conditions in the third quarter, its chief executive officer said Friday, the day after the company posted a net loss of more than $4 billion. On a conference call …
Two North Carolina state officials want flood insurance claims adjusters to return to areas pummeled by Hurricane Irene to ensure home and business inspections are performed adequately so damage claims can be resolved as winter approaches. State Insurance Commissioner Wayne …
Gov. Rick Scott wants the state-backed Citizens Property Insurance Corp. to recommend ways to shore up the troubled insurer. Scott, who would prefer the insurer be sold to a private company, wants answers from the Citizens’ board by a Cabinet …
Federal inspection reports show a major Los Angeles hospital had unclean and unsafe operating rooms and failed to protect its patients from possible infection. The documents, obtained by the Los Angeles Times (http://lat.ms/rt7qOC ), say operating rooms at Harbor-UCLA Medical …
The Montana Supreme Court has ruled that the family of a man who was run over and dragged by a cement truck is not covered under the vehicle’s insurance policy because he did not technically “occupy” the truck. Terry Richerson’s …
A thriving curbside bus industry based on cheap fares has a fatal accident rate seven times higher than other types of interstate bus operators, with some companies using a variety of schemes to thwart safety enforcement, according to a federal …
A federal judge threw out most of a $19.9 billion lawsuit against JPMorgan Chase & Co and a $2 billion case against UBS AG by the trustee seeking money for victims of epic swindler Bernard Madoff’s fraud. The decision by …
The U.S. Department of Justice sued Allied Home Mortgage Capital Corp and two top executives over fraudulent lending practices that have cost the government more than $834 million of insurance claims. In a complaint filed Tuesday, the Justice Department said …
