Monthly Archives: <span>July 2011</span>

Iowa Governor Vetoes $5 Million Package for Lake Delhi Dam

Lake Delhi, Iowa, community leaders say they’re shocked and disappointed over Gov. Terry Branstad’s veto of a $5 million assistance package after flood waters destroyed the dam and recreational lake on the Maquoketa River. Branstad stripped the $5 million the …

South Carolina Company Donates Fire Truck to Texas Department

A South Carolina company is donating a used fire truck to a Texas volunteer fire department whose station was destroyed by fire earlier this month. The Island Packet of Hilton Head reports Palmetto Fire Apparatus is donating the truck to …

Texas Mutual Distributes $155M in Policyholder Dividends

Texas Mutual Insurance Co. announced it is distributing to policyholders $155 million in workers’ compensation dividends. Texas Mutual estimates that about 77 percent of its policyholders will earn a dividend based largely on their premium sizes, workplace safety records and …

Judge Releases Mass. Agency from 9/11 Lawsuit

The Massachusetts Port Authority was dismissed as a defendant from the last pending wrongful death lawsuit related to the Sept. 11 attacks, leaving United Airlines and a security company facing a trial in which airport screening procedures are expected to …

Study: Workers’ Comp Drug Costs Higher in Texas, Louisiana

A new study indicates that Louisiana had the highest workers’ compensation prescription costs among the 17 states studied and that Texas also was among the states with the highest cost of prescription drugs per workers’ compensation claim. The study published …

Montana Reminds Farmers to Buy Hail Insurance

Montana’s Department of Agriculture is reminding farmers that there is a state hail insurance program, and that the deadline to purchase the state insurance is fast approaching, news outlets in the state are reporting. State officials are noting that crops …

Rite Aid to Pay Mass. $2.1M for Overcharges

Rite Aid has agreed to pay $2.1 million in a settlement with the state attorney general’s office over alleged overcharges for prescription drugs under the workers’ compensation insurance system. Attorney General Martha Coakley said the pharmacy overcharged state agencies and …

Tropical Storm Don Expected to Hit South Texas Coast Overnight

A tropical storm warning remains in effect for the Texas coast from Matagorda Island to the mouth of the Rio Grande River. The National Hurricane Center expects Tropical Storm Don to make landfall on the south Texas coast late Friday …

Conn. Museum Audit Reveals Losses of More Than $500,000

An investigation into employee theft at the Mark Twain House & Museum in Connecticut shows the organization lost more than $500,000. Executive Director Jeff Nichols told The Hartford Courant that an audit revealed losses exceeding the amount covered by insurance. …

Lloyd’s Receives Reduced Collateral Approval in New York

Lloyd’s received approval from the New York Insurance Department to post reduced collateral on reinsurance contracts. Lloyd’s is approved as a Secure-3 reinsurer, meaning its collateral requirements will be reduced from 100 percent to 20 percent. Lloyd’s Director of North …