Monthly Archives: <span>January 2008</span>

Nationwide Raises Earthquake Coverage Deductible in Ohio

Nationwide Mutual Insurance Co. is raising the deductible on its earthquake coverage because of the risk of major losses from an earthquake. Columbus-based Nationwide is raising the deductible from 2 percent to 5 percent of a home’s insured value. Nationwide …

Arsonist Ordered to Cover Minn. City’s $100,000 Insurance Deductible

A judge has ordered a Duluth man to pay the city’s $100,000 insurance deductible for setting a fire that caused $384,058 in damage to a community center in the city.. Tylor Ray Olson, 20, pleaded guilty in October to third-degree …

Nuclear Workers in Pa. Become Eligible for Compensation

After a yearslong fight, tens of thousands of workers at a former nuclear fuel processing plant in Armstrong County, Pa. are now eligible for government aid for their illnesses. To qualify for the $150,000 in compensation, the workers must have …

Traffic Deaths in Delaware at Lowest Level Since ’99

The state Office of Highway Safety says traffic deaths in Delaware in 2007 fell to the lowest level in 8 years. Figures released show traffic deaths dropped 20 percent last year to 118, the lowest number since 104 deaths were …

Mass. Bills Would Ban Text Messaging by Drivers

The death of a 13-year-old Taunton, Mass. boy last month has prompted new calls to ban text messaging while driving. Craig Bigos of New Bedford told police he was sending a text message to a friend when he swerved and …

QBE Americas to Acquire North Pointe

Australia’s QBE announced that it has signed a definitive agreement to acquire North Pointe Holdings Corporation, a NASDAQ listed, US-based P/C insurance group. The acquisition is subject to the approval of regulatory authorities and North Pointe’s shareholders. “North Pointe writes …

Lloyd’s Defends Insurers Against ‘Spoilsport’ Image

An increasingly common complaint against the insurance industry charges that it is largely responsible for the disappearance of traditional events and activities due to the unavailability and/or the increasing cost of liability coverage. In an article on the Lloyd’s web …

Nationwide Raises Earthquake Coverage Deductible

Nationwide Mutual Insurance Co. is raising the deductible on its earthquake coverage because of the risk of major losses from an earthquake. Columbus-based Nationwide is raising the deductible from 2 percent to 5 percent of a home’s insured value. Nationwide …

Adjutant General: 2007 Storm Damage Tops $600 Million in Kansas

Damage from an ice storm that hit Kansas in early December pushed the 2007 total to more than $625 million in reimbursable losses. But the state adjutant general’s office warned Wednesday that the numbers would likely be much higher for …

Arsonist Ordered to Cover City’s $100,000 Insurance Deductible

A judge ordered a man to pay Duluth, Minnesota’s $100,000 insurance deductible for setting a fire that caused $384,058 in damage to a community center. Tylor Ray Olson, 20, pleaded guilty in October to third-degree arson for starting the July …