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

Schinnerer Updates Kidnap, Ransom, Extortion Coverage Endorsement

Victor O. Schinnerer & Co., an underwriting manager, has enhanced its kidnap, ransom and extortion insurance coverage with an updated endorsement, the “Schinnerer Enhanced Endorsement.” Effective immediately, the Schinnerer Enhanced Endorsement broadens the definition of kidnap, ransom, and insured persons, …

App Will Track Floodgate Closures in Louisiana

The Terrebonne Levee District in Louisiana has designed a phone application that allows boaters to check floodgate closures. Terrebonne Administrative Manager Angela Rains tells The Courier the parish manages nine floodgates. The app called Floodgate Mate is set to go …

Texas Mutual Wraps Up $175M Workers’ Comp Dividend Distribution

Texas Mutual Insurance Co. announced that it has begun distributing $2.6 million in workers’ compensation dividends among approximately 3,300 new policyholders. The money represents the final component of Texas Mutual’s $175 million dividend distribution in 2013. Dividends reward loyal policyholders …

Dubuque, Iowa Looks at Funding for Flood Prevention

Dubuque, Iowa, is considering whether to apply for nearly $100 million in state tax incentives for a huge flood-mitigation project that could be completed over the next two decades. The Dubuque City Council will meet today to discuss funding for …

Analysis: Louisiana Gov. Jindal in Shadows of Flood Rate Fight

Steep rate increases for flood insurance are hitting homeowners and businesses across south Louisiana, and state officials and business leaders warn the increases could severely damage local economies. Despite the calls for alarm, Gov. Bobby Jindal has largely stayed quiet …

Mass. AG Files Federal Brief Urging Court Action on Flood Insurance

In support of a Mississippi lawsuit that alleges the new FEMA flood insurance rates are arbitrary and unlawful, Massachusetts Attorney General Martha Coakley has filed an amicus brief in federal court arguing that FEMA failed to collect accurate data before …

Jury Awards $100,000 In Oregon Malpractice Suit

An Oregon gynecologist who removed a patient’s healthy ovary and left a piece of plastic in her body after a 2007 robotic surgery has been ordered to pay more than $100,000. The Mail Tribune newspaper reported that U.S. District Court …

Texas Insurer Group Awards Fall Scholarships to 20 Students

Twenty students at four Texas universities were recently awarded a total of $38,000 in academic scholarships from the Insurance Council of Texas (ICT) Education Foundation. The students attend St. Mary’s University in San Antonio, Baylor University in Waco, the University …

Mom Of Fallen Arizona Firefighter Files $36M Claim

The mother of one of 19 wildland firefighters killed in north-central Arizona has filed a $36 million claim against the state, Yavapai County and the city of Prescott, saying their negligence led to the death of her son. An attorney …

Storms Sweep Across Illinois, Kill at Least 5, Delay Flights

Tornadoes and thunderstorms swept through a 300-mile stretch of Illinois and other Midwestern states, killing at least five people, damaging hundreds of homes and disrupting air travel at O’Hare International Airport. A county coroner in Washington County, about 50 miles …