Monthly Archives: <span>December 2007</span>

Fla. Gov. Asks Lawyers to Review Suing Property Insurers over Rates

Gov. Charlie Crist said Wednesday he wants three trial lawyers to review documents for a possible class-action lawsuit against property insurers, alleging that the industry hasn’t passed on savings to consumers as required by a new Florida law. Crist asked …

Federal Panel Recommends Fireproof Conveyor Belts in Nation’s Mines

Nearly two years after a conveyor belt fire killed two miners in Logan County, W. Va., a congressionally mandated study recommends that fireproof conveyor belts be standard in the nation’s coal mines. The study says the tougher standard would significantly …

Fla. Nationwide Insurance Office Robbed, Woman Set on Fire Dies

One of the women set on fire during the robbery of an insurance office in Lake Wales, Fla., last week has died, authorities said. The death of 26-year-old Yvonne Bustamante at an Orlando hospital Tuesday night brings to four the …

Workers’ Comp Dividend Earned by Petroleum Marketers and Convenience Store Group

Texas Mutual Insurance Company announced a $129,320 dividend to the Texas Petroleum Marketers and Convenience Store Association (TPCA) workers’ compensation purchasing group today. The group’s first dividend was based largely on its overall loss ratio. Group dividends are separate from …

Nightclub Owner Accused of Trying to Burn Down Business

The owner of an Oxford, Mass. nightclub was indicted on charges she tried to set it on fire after losing her liquor license. At her arraignment, 46-year-old Roxanne Troy plead not guilty in U.S. District Court in Worcester on charges …

Fla. Chemical Plant Explodes, Half Mile Area Initially Evacuated

An explosion and fire at a chemical plant in Jacksonville, Fla., killed four people Wednesday and injured at least 14, fire officials said. Fire officials initially ordered a precautionary evacuation within a half-mile of the plant. But the order was …

FedEx to Appeal Mass. Penalty over Classification of Drivers

Massachusetts Attorney General Martha Coakley has assessed penalties of more than $190,000 against FedEx Ground Package System, Inc. for what her office claims is an intentional misclassification of 13 drivers as independent contractors rather than as employees. The attorney general’s …

Airline Insurance Market to Post Loss for Year; First Since 2000

The airline insurance market this year is expected to post its first loss since 2000, according to preliminary data collected by the Aviation & Aerospace division of Aon Corporation. Aon reported that forecasts suggest the total hull and liability premium …

Ice Storm Damages in Nebraska Reach $2.3 Million

New figures show about $2.3 million in damages from last week’s ice storm in southeast Nebraska. It’s more than double the figure released last week, which didn’t include damage in Falls City, the area hardest hit by the storm that …

Allstate’s 4th Quarter Catastrophe Losses of $100 Million Higher than ’06

Allstate Corp. said Tuesday October’s California wildfires plus other disasters have hiked the insurance company’s fourth-quarter catastrophe losses by about $100 million. Allstate said it received more than 7,000 claims from the Southern California wildfires, resulting in approximately $315 million …