The head of the Consumer Product Safety Commission conceded the agency “hasn’t been acting as quickly as it should” on crib safety problems. Interviewed on Tuesday morning news shows in the wake of the largest-ever recall of cribs, Chairman Inez …
A jury in Gainesville, Georgia has decided that an author libeled a former friend in a novel. The jury found that Haywood Smith’s novel “The Red Hat Club” damaged Vicki Stewart because it contained a character that closely resembled Stewart …
A Prentiss County, Mississippi grand jury has indicted nine people on charges related an investigation into a chop shop. Sheriff Randy Tolar told The Daily Corinthian that the investigation found several incidents of insurance fraud in which the vehicle owners …
Iowa Sen. Chuck Grassley wants Midwest disaster victims to have more to time to benefit from tax relief intended to help with the repair or replacement of damaged homes. Grassley has introduced legislation that would extend the deadline for applying …
Toyota Motor Corp. will recall about 110,000 older model Tundra pickup trucks in the United States due to corrosion problems, the U.S. government and the automaker said Tuesday. The National Highway Traffic Safety Administration (NHTSA) said the recall involves 2000-2003 …
Allen Stanford, who faces U.S. criminal and civil charges for allegedly leading a $7 billion Ponzi scheme, is suing Lloyd’s of London for defense costs. Lloyd’s had advanced some legal fees under a directors and officers policy. But the insurer …
A.M. Best Co. has downgraded the issuer credit ratings (ICR) and senior debt ratings to “ccc” from “b-” of Canadian insurer Kingsway Financial Services Inc. (KFSI) and Kingsway America Inc. (KAI), which is based in Illinois. Best also downgraded the …
Salt Lake City-based The Buckner Co. has entered into a definitive agreement to purchase Flying J Insurance Services effective Jan. 1, 2010, continuing President Terry H. Buckner’s vision to grow Buckner’s insurance brokerage business by offering select niche market programs. …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Bermuda-based Bison Insurance Company Limited, both with stable outlooks. “The ratings,” said Best, “reflect Bison’s historically adequate capitalization, generally favorable operating …
The U.S. Geological Survey has recorded a small earthquake near Choctaw – just east of Oklahoma City. The 2.6 magnitude tremor struck about 11:45 p.m. Sunday about two miles northeast of Choctaw and is the third earthquake recorded in the …