insurance news
Tropical Storm Alex Affects BPs Recapture Plans
Reuters is reporting that the high waves expected to come as Tropical Storm Alex passes through the Gulf of Mexico will delay BP Plc’s plan to increase oil-capture capacity to up to 53,000 barrels a day. This is according to a company executive. Kent Wells, senior vice president of exploration and production shared with reporters […]
Read moreFlagstaff Fire Damage Claims Reach $5 million
Arizona residents are feeling the heat from more than the sun this summer, especially near Flagstaff. The Schultz fire, burning near the city that was originally a railroad town, has already incurred up to $5 million in fire insurance and property damage claims, according to the latest information from the National Interagency Coordination Center’s Incident […]
Read moreTornado and Earthquake Hit Ontario on Eve of G8 and G20
Reuters is reporting on the odd weather events that are plaguing Ontario, Canada this week. As International leaders gather for the Group of Eight and G20 summits in the province, the region has been subject to a tornado and a 5.0 magnitude earthquake. In addition, violent thunderstorms are being predicted. In the past 24 hours […]
Read moreIIABNY Takes Stand Against Legislation to Change Auto Accident Injury Lawsuits
The Independent Insurance Agents & Brokers of New York (IIABNY) is pressing legislators in the Empire State to defeat a bill it says would expand the role of the jury in deciding whether or not a lawsuit can proceed, thus weakening their state’s no-fault auto insurance system. The bill, IIABNY says, would expand the types […]
Read moreSFO to Require Cell Phone Radiation Disclosures
Theories about cell phone use being hazardous to our health have been around nearly as long as the phones themselves, but now one city wants to help protect citizens. Specifically, the city of San Francisco, California could soon start requiring retailers to post notices showing how much radiation is emitted by the cell phones they […]
Read morePreacher’s Son Pleads Guilty to Church Arson
Maurice Arnold and Bruce Edward Smith – two thirds of a trio of men who were charged with arson in 2005, in connection with a fire that destroyed a church – pleaded guilty in Barrow County (Georgia) Superior Court. Two of three men charged with arson in a 2005 fire that destroyed a church pleaded […]
Read moreLouisiana Attorney General Given OK to investigate BP
More news in the battle against BP: Attorney General Buddy Caldwell of Louisiana has been given permission to investiage BP, the rig explosion that has sent oil flowing into the Gulf of Mexico, and the company’s process for compensation Louisiana residents and businesspeople affected by the disaster. According to a news release, Judicial District Court […]
Read moreFlorida Says Latest $25 million from BP Not Enough
The state of Florida, the Insurance Journal reports, is unhappy with BP. Again. The troubled oil company brought $25 million more to Florida on Tuesday, but the reaction was not gratitude, but criticism. Florida Governor Charlie Crist and three independently elected Cabinet members asked for more money from BP, and demanded it swiftly in order […]
Read moreNo Driving Record Fee in Ohio
Auto insurance companies in Ohio can breathe a bit easier today. A judge struck down a proposed higher motor vehicle fee that was being charged to trucking companies and vehicle insurance companies, on the grounds that it violates the state constitution. Last year, Ohio legislators raised the fee being charged for certified copies of driving […]
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