Texas Mutual Insurance Company announced that two National Federation of Independent Business (NFIB) purchasing groups have earned a combined $1,207,595 in dividends. The dividends are based largely on each group’s favorable loss ratio. The largest dividend, $918,816, went to the …
North Dakota State University has filed a $500,000 insurance claim for the collapse of a portion of 100-year-old Minard Hall on campus. A section of the north side of the four-story building gave way early on Dec. 27, apparently because …
Business owners in downtown Hobart, Okla., are cleaning up after a major fire over the weekend destroyed a century-old building that housed a Dollar Depot store. Firefighters from more than a dozen departments worked four hours to contain the fire …
National Steak and Poultry is voluntarily recalling about 248,000 pounds of beef it said might be contaminated with a strain of E. coli bacteria. The company said the meat could be linked to illnesses in six states. The Owasso, Okla.-based …
Johnson & Johnson is expanding a voluntary recall of Tylenol Arthritis Caplets due to consumer reports of a moldy smell that can cause nausea and stomach pain. According to a statement on the Food and Drug Administration Web site, the …
A former Gulf Shores, Alabama insurance company bookkeeper accused of bilking homeowners out of at least $120,000 has pleaded guilty to a lesser charge of misappropriation of insurance premiums. The Press-Register reported Monday’s plea bargain gives Benton Gray Harvey a …
Authorities say a fire in a pole building in Mount Savage, Maryland destroyed the structure and several classic cars, causing about $400,000 in damage. It happened around 4:30 a.m. Sunday. About 40 volunteer firefighters from nine stations in two states …
Twenty-four people, including 17 New York residents, six from New Jersey and one Pennsylvania resident, have been charged with insurance fraud and other related offenses after falsely claiming to be Pennsylvania residents in order to obtain substantially lower rates on …
A New York man and his wife have been arrested for cashing workers’ compensation checks sent to the man’s deceased father, according to the New York State Insurance Department. Police arrested Geoffrey Gabel, 40, and his wife, Kelly Gabel, 38, …
A report from Munich Re confirms that losses from natural catastrophes “were far lower in 2009 than in 2008 due to the absence on the whole of major catastrophes and a very benign North Atlantic hurricane season.” However, the reinsurer …