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

Governor: Disaster Cited For Alaska Area Hit By Storms

Governor Sean Parnell has declared coastal western Alaska areas ravaged by storms state disaster zones. The governor made the announcement after meeting with residents in the Northwest Arctic Borough, Bering Straits Regional Education Attendance Area, and Lower Yukon. A series …

10 Ideas Chosen for Coastal Shields in New York, New Jersey

Here’s one way to stop the floodwaters the next time a monster like Superstorm Sandy comes ashore in New York City: Build an 8-mile-long system of dikes around the low-lying parts of Manhattan. A proposal for just such a network …

Brain-Damaged Inmate Settles With Penn. County; Insurer to Pay $65K

A northwestern Pennsylvania county’s insurance company is paying $65,000 to settle claims by a former inmate left brain-damaged after a jail guard allegedly slammed him into a wall. The Erie Times-News reports Erie County isn’t acknowledging any wrongdoing in approving …

Insured Loss for Midwest’s Rare November Tornadoes Could Top $1B: RMS

The Nov. 17 tornadoes in the Midwest could become the insurance industry’s first billion-dollar severe weather event to occur in November, according to catastrophe modeling firm RMS. According to Matthew Nielsen, RMS director and meteorologist, last Sunday’s outbreak is another …

Fowler Named President of Premium Finance Firms

Richard E. Fowler has been named president and chief executive officer of AFCO, CAFO and Prime Rate Premium Finance Companies. Fowler succeeds the late Daryl Zupan, who passed away on Oct. 12. Fowler had previously been executive vice president and …

Workers’ Compensation Results Improved in 2012

The workers’ compensation industry’s results improved in 2012. Premiums grew for the second straight year, the combined ratio improved, and claims frequency declined at a faster rate than severity increased, according to a report by the A.M. Best Co. The …

Bangladesh Garment Workers Protest After Two Deaths

Bangladesh garment workers took to the streets today in the Ashulia industrial zone outside of the capital Dhaka, protesting the second-lowest wages in Asia, after another demonstration yesterday left at least two dead. Hundreds of workers demanded a higher monthly …

State Proposals to Mandate Insurance for Gun Owners Falter

Plans to mandate liability coverage for U.S. gun owners after last year’s school shooting in Connecticut have languished as opponents attack the proposals by comparing them to President Barack Obama’s health overhaul. Lawmakers in Illinois voted down by a margin …

Some Interest in Selling Private Flood Insurance in Florida Surfaces

With increases in federal flood insurance rates looming, two insurance providers have said they are prepared to sell private flood policies in Florida. Their actions come as state officials are trying to provide guidelines on rates and policyholder forms for …

Mississippi Firms Want City, Road Contractor Held Liable for Lost Business

Four businesses on a busy Hattiesburg Street are suing Hattiesburg city government, claiming a street improvement project has cost them customers. The project on Hardy Street began Oct. 30, 2012, according to The Hattiesburg American. The work is nearly complete …