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

Indiana Diesel Engine Maker Cummins Sustains $100 Million in Flood Damage

Flooding from a creek caused more than $100 million in damage last month to a research and development center for the diesel engine maker Cummins Inc. But the center should return to full operations, thanks to around-the-clock repair work since …

Vancouver WA Excavation Company to Pay Back Wages

The owners of a Vancouver, Wash., excavation business must pay $356,000 to compensate for unpaid overtime wages and workers’ compensation premiums. Jerry and James Schram, brothers and business partners in Schram’s Excavating, also pleaded guilty to misdemeanors for the unpaid …

Mass. Drivers with Serious Driving Violations Allowed on Roads, Auditor Finds

Delays in the processing of criminal traffic violations have allowed a large number of serious violators to remain on the road in Massachusetts for lengthy periods after their licenses should have been suspended or revoked, according to the state’s auditor. …

California Orders Allstate to Cut Home Insurance Rates 28.5%

Allstate Corp. will have to lower its rates on California homeowner policies by 28.5 percent making an estimated $255 million in annual savings for consumers, the state’s Insurance Commissioner Steve Poizner said. “In today’s sputtering economic environment, people need all …

Heat a Factor in 12 Texas Worksite Deaths in 3 Years, Regulators Say

As temperatures go up during the summer dangers increase for all people working outdoors, Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC) said in a reminder to employers to keep their employees safe. Dangers range from sun-damaged skin to …

Strengths and Weaknesses, Part 2: What Agents Think of Regional, National P/C Insurers

Regional carriers come out on top in agency compensation and claims services, while nationals outscore regionals on loss control and technology. That’s according to an Insurance Journal weeklong survey in June on regional and national insurance companies. More than 400 …

OSHA Fines Texas Construction Contractor More Than $157K

The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has proposed penalties totaling $157,600 against Shelby Stephens Construction Inc., a Fort Worth, Texas-based contractor, for allegedly failing to protect employees from falls and falling objects at two of …

Judge Orders South Carolina Drug Manufacturer to Pay $10M

A federal judge ordered a drug manufacturer that operated a plant in South Carolina to pay $10 million in connection with fraud. U.S. District Judge Joseph F. Anderson Jr. fined Leiner Health Products LLC $1 million and ordered the company …

Oklahoma Woman Pleads Guilty to Arson

A guilty plea has been entered by a Perkins, Okla., woman accused of trying to set fire to her mobile home with her granddaughter inside. Jonna Rae Murrell, 37, was scheduled to go to trial July 8 on a charge …

Weather Claims Hurt Progressive Insurance 2d Quarter

Auto insurer Progressive Corp. reported Thursday a drop in second-quarter net income as it absorbed higher claims from natural catastrophes and wrote off $40.8 million in investments. Progressive’s combined ratio, which reflects how much it made on premiums earned before …