The death toll from a devastating cyclone that swept through Myanmar [Burma] has risen to almost 4,000, a state radio station said Monday. Nearly 3,000 were unaccounted for in a single town. [IJ note: Later estimates have more than tripled …
Swiss Re reported a sharp drop of 53 percent in net income for the first quarter of 2008. The world’s largest reinsurer earned CHF 624 million ($592.4 million) for the period, compared to the CHF 1.329 billion ($1.261 billion) it …
San Diego, CA, 05/06/2008 – ARROWHEAD General Insurance Agency, Inc. announced that Robert T. Kingsley has joined the Arrowhead Commercial Division senior management team as president of the Specialty Contractors, Commercial Auto and Surety Programs. Kingsley will report to Bill …
In a typical property loss situation the insured’s personal dwelling sustains damage. The insurance company may offer the insured to “cash out” the repair claim. When this occurs, the insurance company will typically pay the insured the difference between a …
Toyota Motor Corp. plans to recall about 90,000 Highlander sport utility vehicles in the United States. The Japanese automaker wants to fix a problem that could prevent the seat belt in a third-row seat from securing a rear-facing child seat. …
An explosion tore through a Mississippi paper mill May 3 after a boiler was inspected, killing a contract worker and injuring 17 others, the company said. The explosion occurred as workers started a boiler at the International Paper mill after …
The parents of a teenager killed when a dump truck crashed into a school bus on a curvy northern Kentucky highway filed a lawsuit. Daniel Wood’s parents are alleging negligence by the trucking company and the driver in the May …
Federal authorities declared the West Coast ocean salmon fishery a failure, opening the way for Congress to appropriate economic disaster assistance for coastal communities in California, Oregon and Washington. “This is a bleak year,” Jim Balsiger, NOAA Fisheries Service acting …
Legislation aimed at expanding insurance pool coverage for coastal residents in Alabama and opposed by insurance giant Alfa passed in the state Senate after appearing to be doomed. The bill’s sponsor, Sen. Ben Brooks, R-Mobile, said the bill would help …
Fourteen electric cooperatives were sending crews to northwest South Dakota to help Grand Electric Cooperative with repairs from ice, snow and strong winds. Grand Electric’s general manager, Jerry Reisenauer, said the damage was still being assessed. “I won’t be surprised …