Monthly Archives: <span>April 2013</span>

Storms Flood Streets, Damage Houses in Southeast Louisiana

A fast-moving line of intense thunderstorms flooded streets, knocked out power to more than 30,000 people in southeast Louisiana on April 24 and spawned two tornadoes that damaged homes and businesses in Jefferson Parish. No injuries were reported. Kenner officials …

Federal Judge Moves S&P Ratings Case Back to State Court

A federal judge handed a legal defeat to Standard & Poor’s, ruling that a lawsuit in which Connecticut accused it of fraudulently inflating credit ratings to win business should be moved back to the state court where it began. In …

2 Judges Consider State Farm Rates in Texas

The state’s consumer advocate has challenged State Farm Insurance Co.’s 20 percent rate hike for Texas homeowners as being too high. Public Insurance Counsel Deeia Beck on April 24 urged two administrative law judges in Austin to roll back State …

Bolts On Northern California Bridge That Haven’t Failed May Go

Long seismic safety bolts on the new eastern span of the San Francisco-Oakland Bay Bridge that haven’t failed may have to be replaced nonetheless, a regional transportation official said Wednesday. Local officials were looking into that possibility and will announce …

U.S. Court Rules Artist Richard Prince Didn’t Infringe Photo Copyrights

In a closely watched case in the art world, American artist Richard Prince won a federal appeals court order Thursday holding that he did not infringe the copyrights of a photographer by incorporating his images into 25 paintings and collages. …

Struggling Idaho Alt Energy Company Sued Again

An Idaho alternative energy company beset by lawsuits faces another one, this time from a bike race that says it hasn’t been paid millions in promised sponsorship money. Exergy Development Group of Boise and its owner, James Carkulis, were sued …

$3.45M Award In Death Of Washington Ship Worker

Federal jurors in Seattle have awarded $3.45 million to the estate and survivors of a woman who drowned in 2010 while working on a ship conversion. The Seattle Times reported the jurors found the ship’s owner, G Shipping Ltd., was …

Zuraitis Resigns As President of The Hanover’s P/C Cos.

Marita Zuraitis, a member of The Hanover Insurance Group’s executive leadership team and president of its property/casualty companies, is resigning to become president and chief executive officer of Horace Mann Educators Corp. in Springfield, Ill. She leaves after nine years …

U.S. P/C Industry 2012 Income $33.5B in Spite of $32B in Cat Losses

U.S. property/casualty insurers absorbed net insured catastrophe losses of more than $32 billion last year, but still managed to post $33.5 billion in net income in the aggregate—in part because catastrophe losses were lower than in 2011. Analysts commenting on …

Report: Motorcycle Deaths Decline Slightly in Georgia

New numbers show that Georgia has seen a slight drop in the number of motorcycle fatalities. The Georgia Governor’s Office of Highway Safety reported that new data made available on April 24 shows that the state had slightly fewer deadly …