State Farm Mutual Automobile Insurance Co., the largest U.S. property/casualty insurer, said annual profit fell 94 percent on car insurance claims costs.
With interest rates still low and the market for variable annuities slumping fast it’s hard to be cheerful about the immediate future of annuities — except when it comes to structured VAs.
A man was killed in a crash with a semi truck on an icy bridge Thursday morning in southwest suburban Elwood. The crash happened at 5:25 a.m. on the Arsenal Road bridge between I-55 and Elwood International Port Road, Elwood Police Chief Fred Hayes said.
A three-alarm fire at The Province Apartments destroyed four units on Thursday, off-campus housing for University of South Florida students near Busch Gardens. One firefighter was injured.
The Insurance Institute for Highway Safety (IIHS) is known for tough crash tests that can send an automaker back home to improve the safety of a car, right down to the headlights.
While scammers are increasingly taking advantage of the power of social media to conduct criminal activity, astute risk managers and their insurance companies are also finding ways to leverage social media information as a tool to combat insurance fraud.
A house goes up in flames after being struck by lightning in Washington County, Virginia. Fire crews arrived at the scene on Lauralee Court around 3 p.m., on Wednesday. Firefighters said it doesn’t happen often.
Residents began the long process to clean up the damage left behind by a tornado outbreak that hit the Midwest, where three people were killed. About 20 tornadoes have been confirmed from the outbreak, and survey teams from the National Weather Service had more work to do Thursday.
U.S. District Judge Sheri Poster Chappell has sentenced Nesly Loute (52, Naples) to 14 years’ imprisonment for conspiracy to commit mail fraud. In addition, the Court ordered him to pay restitution in the amount of $2,146,147.23 to the victim automobile insurance companies.
Three million Americans, primarily in Oklahoma and Kansas, are at risk from human-induced earthquakes this year, the U.S. Geological Survey said Wednesday.
San Diego County was deluged with the heaviest rain it has received all winter on Monday when a North Pacific storm merged with moisture from the sub-tropics, creating a meteorological beast few people saw coming.
What started as a workplace dispute at an Irvine industrial plant, culminating with an alleged attack on a co-worker, led to insurance fraud charges for a 65-year-old Lake Forest man, a prosecutor said Tuesday.
It didn’t last long, but the impact of the storm that hit Edwardsville Tuesday evening will be felt for months. While much of the city was sparred damage, the southern portion of Edwardsville — along Goshen Road east of Troy Road — was dealt a serious blow.
Authorities are investigating after a small plane crashed into a multi-condo building in Methuen, Massachusetts, killing the pilot, a former mayor of Newburyport.
A group of revelers were mowed down by an out-of-control vehicle at a Mardi Gras parade for the second time in a week, with Tuesday’s incident involving a dozen injured high school band members at an Alabama event.
