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Mississippi AG Hood Sues State Farm, Alleges Katrina Claims Fraud
Mississippi Attorney General Jim Hood has sued State Farm Fire and Casualty Co. for allegedly shifting hundreds of millions of dollars in Hurricane Katrina wind claims to the state by mislabeling them flood claims. The suit, filed in the Circuit …
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Officials: South Carolina Day Care Linked to 8 E. Coli Cases, One Child Death
South Carolina health officials say an eighth case of E. coli has been traced to a daycare center that’s now temporarily closed. Officials announced the eighth case Monday night. They say at least one child appears to have died from …
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Should U.S. Retaliate for Cyber Attacks?
The Obama administration should retaliate for a cyber-attack on federal employee records that was the worst breach the U.S. government has ever suffered, members of Congress said on Sunday. “There has to be a price to pay for this,” Representative …
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Wildfire Report Shows 2 Millon California Homes at Risk as Drought Continues
A report issued today shows California has more than 2 million homes at “high” or “extreme” wildfire risk, as the multi-year drought continues stoke fears among some experts of a potentially devastating wildfire season. Verisk Insurance Solutions released its 2015 …
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Blue Bell Reviewing Report of Listeria in Alabama-Made Ice Cream
Blue Bell Creameries is reviewing a report from a private laboratory that found evidence of listeria in a carton of ice cream manufactured at its Alabama plant. Brent McRae, 75, of Florida, who had recently eaten Blue Bell’s Cookies `n …
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Philadelphia Insurance Acquires Allen J. Flood Companies in New York
Philadelphia Insurance Companies, a Bala Cynwyd, Pennsylvania-based commercial property/casualty and professional liability insurer for niche markets, announced its acquisition of all outstanding shares of The Allen J. Flood Companies (AJF), a managing general agent for the group accident and health …
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Allstate Reunites Owner with ’72 Corvette 43 Years After It Was Stolen
Terry Dietrich celebrated her 62nd birthday by reigniting a teenage romance. The 62-year-old accountant from Duluth, Georgia, was finally reunited last week with the 1972 Corvette Stingray that was stolen from her more than 40 years ago. She described the …
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Yangtze Ship Disaster Insurance Payout Estimated at $14.9 Million
China’s insurance regulator estimates the payout in the fatal Yangtze cruise ship capsizing last week, which killed more than 400 people, at around 92.5 million yuan ($14.91 million), the official Xinhua news agency reported on Wednesday. The China Insurance Regulatory …
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Compare.com CEO’s Vision for the Future – Right or Wrong
As early as 2016 or 2017 commercial insurance will likely be bought and sold regularly over the Internet. That likely-to-be controversial opinion is courtesy of Compare.com CEO Andrew Rose. As he speaks to a reporter, in one breath Rose doesn’t …
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2014 Houston Ship Channel Collision, Spill Blamed on Tugboat
A tugboat captain’s decision to try to beat a cargo ship into the Houston Ship Channel is the probable cause of a 2014 collision that spilled 168,000 gallons of oil that drifted up to 200 miles down the Texas Gulf …
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