Day: October 26, 2018

A.M. Best Revises Outlooks to Stable for Agency Insurance Company of Maryland

A.M. Best has revised a outlooks to fast from certain and endorsed a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of bbb+ for Agency Insurance Company of Maryland Inc. (AIC), formed in Hanover, Md. The ratings simulate AIC’s change piece strength, that A.M. Best...

New York Says Exxon Misled Investors About Climate Risks

New York’s profession ubiquitous on Wednesday sued Exxon Mobil, observant a Texas appetite hulk has misled investors about a risks that meridian change poses to a operations. The lawsuit filed by Attorney General Barbara Underwood is a latest in a array of actions opposite a association claiming it has...

New Jersey Insurance Broker Stole Nearly $1M While Selling Fake Health Insurance

An word attorney who stole scarcely $1 million while stability to sell health caring coverage he knew was feign has been condemned to 18 months in prison. David Clark, 75, of Morristown, N.J., formerly pleaded guilty before U.S. District Judge Michael Shipp to an information charging him with swindling...

House Fire in California May Have Been Started by Blowtorch Used to Kill Spiders

Authorities contend a male apparently set a California home on glow while regulating a blowtorch to kill spiders. KFSN-TV reported 29 firefighters were called to a Fresno housing growth Tuesday night to put out a two-alarm blaze. Authorities contend a male was house-sitting for his relatives when he attempted...

Nevada-Based Employers Holdings Reports $47.6M in Earnings

Employers Holdings Inc. reported third-quarter gain of $47.6 million. The Reno, Nevada-based association pronounced it had distinction of $1.43 per share. Earnings, practiced for non-recurring gains, came to 98 cents per share. The provider of workers-compensation word posted income of $228.9 million in a period. Employers Holdings shares have...

Hawaii Private School Pays $65M to Sex Abuse Victims

A private propagandize complement in Hawaii has paid $65 million to 32 people who sued a establishment for a passionate abuse perpetrated decades ago by a psychiatric consultant. The Honolulu Star-Advertiser reported a remuneration Kamehameha Schools done this week is partial of a $80 million allotment reached in Feb...

Wyoming Files Suit Against Purdue Pharma Over Opioid Marketing Practices

The Wyoming Attorney General’s Office is suing a builder of OxyContin, claiming a curative association deceptively marketed opioid painkillers in a state. The Casper Star-Tribune reports a state filed a lawsuit Thursday in Laramie County Circuit Court opposite Purdue Pharma, accusing a association of misrepresenting a risks and advantages...

10 Students, Driver Injured in Central Texas School Bus Crash

Investigators contend 10 students and their propagandize train motorist were harmed when a car was broadsided by an 18-wheeler on a Central Texas highway. The Texas Department of Public Safety says nobody was severely harm in a collision involving a Bastrop Independent School District bus. The mutilate on Highway...

American Family Policyholders Approve Merger with Main Street America

Madison, Wisconsin-based American Family Insurance Mutual Holding Co. (American Family) announced a policyholder members have authorized a company’s partnership with Florida’s Main Street America Group Mutual Holdings Inc. (Main Street America). More than 86 percent of votes expel by substitute or in chairman upheld a merger. Main Street America...

Better Underwriting, Lower Taxes Behind The Hartford’s Strong Q3 Results

The Hartford reported third entertain 2018 net distinction of $427 million compared with $145 million in third entertain 2017. The $282 million boost was due to aloft blurb lines, personal lines, organisation advantages and mutual supports income, including a advantage of a reduce U.S. corporate taxation rate, according to...