Greenberg's Starr Foundation Sues AIG, Alleging Fraud over Credit Losses
Thu, 08 May 2008 22:00:00 PDT
The Starr Foundation, controlled by former American International Group Inc. Chief Executive Maurice "Hank" Greenberg, has sued the insurer, claiming it misrepresented its exposure to credit default s
New York Agents Want to Rein in State Workers' Comp Insurer
Thu, 08 May 2008 22:00:00 PDT
A trade group for New York insurance agents wants to rewrite the laws governing the New York State Insurance Fund - a nonprofit state agency which is New York's largest workers' compensation insurer -
First Aid Flights May Reach Myanmar; Death Toll Could Exceed 100,000
Thu, 08 May 2008 22:00:00 PDT
Myanmar's (Burma's) isolationist military regime gave the go-ahead for the first major airlift of international aid into the country Thursday, while dragging its feet on urgently requested visas by fo
Mississippi Emergency Agency Reports Damage in Latest Round of Tornadoes
Thu, 08 May 2008 22:00:00 PDT
Severe weather and tornadoes moved through several North Mississippi counties on May 8 causing damage to property and infrastructure. The state emergency operations center in Pearl, Miss. posted i
New Mississippi Supreme Court Building Floods
Thu, 08 May 2008 22:00:00 PDT
The Mississippi Supreme Court is rescheduling cases after the new Gartin Justice Building was flooded on all four floors. The building houses the Supreme Court and Court of Appeals, among others.
4 Workers Hurt in Explosion at Mill in Southern Alabama
Thu, 08 May 2008 22:00:00 PDT
Four employees were injured in an explosion and fire that damaged an Alabama building-products mill early on May 7, company officials said. The injured workers at Louisiana-Pacific Corp.'s Oriente
Dresdner Posts Q1 Loss; Allianz Confirms Profit Decline
Thu, 08 May 2008 22:00:00 PDT
Dresdner Bank stayed in the red in the first quarter after writing down €845 million ($1.3 billion) on structured finance investments, keeping it in the spotlight as parent Allianz works to split it i
One Year after Tornado, Greensburg Still Struggling to Survive
Thu, 08 May 2008 22:00:00 PDT
Unlike Dorothy in the Wizard of Oz, one year after a devastating tornado destroyed their town, many in Greensburg, Kan. are still not able to go home. Some 700 residents remain in the town that once
State Farm Files Request for California Rate Increase
Thu, 08 May 2008 22:00:00 PDT
Reflecting the general upward trends in the cost of property and liability insurance claims, State Farm General Insurance Co. has filed a request for an average statewide 6.9 percent rate increase wit
Mississippi Governor Matches Funds for Hazard Mitigation Grant Program
Thu, 08 May 2008 22:00:00 PDT
Local governments needing hazard mitigation grants to increase community safety and disaster preparedness will pay less money to match federal dollars, Mississippi Gov. Haley Barbour said. State an
Coal Mining Company Cited for Violations in West Virginia Mine Death
Thu, 08 May 2008 22:00:00 PDT
Federal investigators cited coal operator Massey Energy Co. for safety violations that contributed to the death of a West Virginia miner last year, according to a federal report released May 7. Th
South Dakota High Court Says Auto Insurance Covers Gun Accident
Thu, 08 May 2008 22:00:00 PDT
The South Dakota Supreme Court says an auto insurance policy covers injuries caused when a rifle accidentally fired in a pickup being used to drive deer hunters to the field. A 14-year-old boy was
Louisiana House Panel OKs Hike in Car Insurance Minimum
Thu, 08 May 2008 22:00:00 PDT
In a move that insurers say could lead to Louisiana having the highest auto insurance liability rates in the nation, a House of Representatives committee has approved HB 1312, which would raise the mi
Colorado Bill Gives Regulator Authority to Demand Insurance Compensation
Thu, 08 May 2008 22:00:00 PDT
Colorado Governor Bill Ritter has signed a bill that will allow the state Department of Regulatory Agencies (DORA), and its Division of Insurance the legal authority to demand that insurance companies
CastlePoint Q1 Net up 26% to $9.5 Million
Thu, 08 May 2008 22:00:00 PDT
Bermuda-based CastlePoint Holdings, Ltd. reported net income of $9.565 million and basic and diluted earnings per share of $0.25 for the first quarter of 2008. Operating earnings, which exclude capita