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Estimate of Insured Losses in North Texas Storms Reaches $300M

The storms that rolled across the Denton area in north Texas in early April are estimated to have caused $300 million in insured losses. The area was hit by softball size hail and three tornadoes. The thunderstorms erupted April 3 …

4.3 Magnitude Quake Latest in a String to Rock Oklahoma

Oklahoma, which has had 133 quakes of magnitude 2.5 or greater in the last 30 days, was rocked on April 7 by a 4.3 magnitude earthquake in the central part of the state, according to the Oklahoma Geological Survey. The …

Ohio Jury Awards $39M in Fatal Repaving Accident

An Ohio jury has awarded $39 million to the family of a construction inspector killed during a highway repaving project. An attorney for the family of victim Randy Roginski described the working conditions in the construction zone on Interstate 271 …

N.J. Gov. Asks FEMA to Give Sandy Victims More Time to File Flood Claims

New Jersey Gov. Chris Christie’s administration is urging the Federal Emergency Management Agency (FEMA) to give the state’s residents and businesses who suffered flood damages from Superstorm Sandy an additional six-month extension to file a complete flood insurance claim, or …

Priest Sex Abuse Alleged in Another Hawaii Suit

Another lawsuit against the Catholic Church in Hawaii claims that a former Bishop sexually abused a boy who went to him to report he had been abused by another priest. Attorneys for the 59-year-old Honolulu man filed the suit last …

School District In Alaska Faces $4.5M Judgment For Negligence

A judge has ruled that the Anchorage School District was negligent and liable for $4.5 million in damages in a lawsuit filed by the family of a student who was severely injured after falling at his school. Superior Court Judge …

USI Insurance Taps Lockton Exec as Strategic Consultant in New York

USI Insurance Services has appointed Pauline Sobelman as strategic consultant for its New York metropolitan office. For the past five years, Sobelman served as vice president, senior consultant at Lockton Companies, managing benefit strategies for complex large- and middle-market employers. …

Hannover Re Says Capital Allows Steady Dividend, Potential Acquisitions

Hannover Re, the world’s third- biggest reinsurer, has sufficient capital to offer investors a steady dividend and pursue potential purchases, Chief Executive Officer Ulrich Wallin said. “We have increased our capital over the past years so that we are now, …

Tennessee Colleges Report Drop in Crime

A Tennessee Bureau of Investigation report says overall crime on college campuses has dropped by more than 11 percent. The Chattanooga Times Free Press cited the data in reporting that the number of assaults and thefts were down while the …

Dubai Sees Another Boom on Horizon, Promises Prudent Management

Dubai told international bankers on Monday that it was gearing up for another boom and did not regret the pro-growth policies which brought it to the brink of default five years ago. It appeared to win the endorsement of many …

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