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August 19, 1991 | From Times Staff and Wire Reports
Rating Agencies Downgrade Some Insurers: Duff & Phelps said it lowered the senior debt rating of Aetna Life & Casualty to double-A-plus from triple-A. It also assigned a claims paying ability rating of triple-A to the Aetna Casualty & Surety Co and Standard Fire Insurance Co. intercompany pools and gave a double-A-plus rating to the claims paying ability of Aetna Life Insurance Co.
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BUSINESS
August 19, 1991 | From Times Staff and Wire Reports
Rating Agencies Downgrade Some Insurers: Duff & Phelps said it lowered the senior debt rating of Aetna Life & Casualty to double-A-plus from triple-A. It also assigned a claims paying ability rating of triple-A to the Aetna Casualty & Surety Co and Standard Fire Insurance Co. intercompany pools and gave a double-A-plus rating to the claims paying ability of Aetna Life Insurance Co.
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BUSINESS
September 11, 1997 | MELINDA FULMER, SPECIAL TO THE TIMES
A partnership headed by Layton-Belling & Associates made its largest purchase yet, acquiring the nine-building Von Karman Corporate Center in Irvine for $38 million. Standard Fire Insurance Co. sold the 450,000-square-foot office and industrial complex at Von Karman Avenue and Alton Parkway as part of a plan to shed some of its real estate portfolio. The 90% occupied campus, which was built between 1981 and 1985, houses game maker Interplay Productions, Chicago Title & Trust Co.
BUSINESS
April 19, 1999 | ASHLEY DUNN, TIMES STAFF WRITER
Floating out there in the financial ether are tens of billions of dollars in unclaimed goods--some of which might just be yours. The billions are made up of inactive bank accounts, lost utility refunds, abandoned pension benefits, unclaimed safe-deposit box contents and a variety of other forgotten assets that in many states are required to be turned over to the government for eternal safekeeping.
BUSINESS
November 8, 2007 | From the Associated Press
Louisiana Atty. Gen. Charles Foti sued the state's largest property insurers Wednesday, accusing them of conspiring to limit payments to policyholders after hurricanes Katrina and Rita and engaging in an elaborate price-fixing scheme. Foti's wide-ranging lawsuit, filed in a state court in New Orleans, alleges that Allstate Insurance Co., State Farm Fire and Casualty Co. and other insurers worked together to manipulate damage estimates and low-ball claims payments after the 2005 hurricanes.
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