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IMAX boss’ uninsurable because of drug use, ‘excessive’ drinking: Lawsuit

The boss of IMAX has allegedly been partying so hard, his ex-wife cannot get a $4.5 million life insurance policy on him. Richard Gelfond, who has helmed the larger-than-life, $1.57 billion movie theater company since 2009, has used cocaine and engaged in “excessive” drinking...

Collections on Overpaid Unemployment benefits to continue

LANSING, Mich. (WILX) - Workers who owe the Michigan Unemployment Insurance Agency for benefit overpayments will soon have to resume payments. The agency temporarily paused collections on benefit overpayments while a class-action lawsuit and settlement played out in court, and now it has...

Whiskey distillery wins coverage for barrel stack collapse

A distillery is entitled to coverage under its commercial insurance policy after its barrel racks collapsed, causing whiskey purportedly worth $2.5 million to leak, a federal judge ruled. In The Vale Fox Distillery LLC v. Central Mutual Insurance Co., the U.S. 2nd District Court...

Houston homeowner battles insurers over water tank explosion damage claim

After 13 months, this Houston homeowner is still living in a gutted house while battling his insurance company. HOUSTON — A Houston man has...

AM Best Revises Outlooks to Negative for The Harford Mutual Insurance Company and Subsidiaries – Insurance News

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of The Harford Mutual Insurance Company and its wholly...