Monthly Archives: <span>July 2010</span>

BP Claims Could Exceed $20 Billion, Says Fund Chief Feinberg

The $20 billion fund set up to help compensate victims of BP Plc’s devastating Gulf of Mexico spill does not prevent future lawsuits against the company that exceed that amount, the fund’s administrator said on Friday. Kenneth Feinberg, who also …

2 Teens Arrested in Connection with Indiana Church Fire

Authorities have arrested two teen-agers in connection with a fire that destroyed a small church in rural southern Indiana. Brown County Prosecutor Jim Oliver says state fire marshals arrested 18-year-old Stephen Moore of Columbus and a 17-year-old male youth in …

12% of Minnesota Bridges Structurally Deficient

The Federal Highway Administration says 25 percent of the country’s bridges are “structurally deficient,” or substandard. In Minnesota, nearly three years after the Interstate 35W bridge collapse, 12 percent of the state’s bridges are in the same category. A House …

Weather Claims Erode Travelers Profits

Weather-related claims of nearly $440 million dragged down profits by 9 percent at Travelers, which reported second quarter net income of $670 million, down from the $740 million the insurer earned in the year-ago period. Catastrophe claims — chiefly wind …

Nationwide Insurance Provides ‘Bait Vehicles’ in Houston

Nationwide Insurance presented the Houston Police Department, the Harris County Sheriff’s Department, and the Webster Police Department with a bait vehicle each to assist with their respective anti-theft/bait vehicle programs. Houston is number 4 in the country for the total …

Indiana Police Pose as Crooked Car Dealers to Nab Thieves

Northwest Indiana authorities say a nine-month sting targeting car thieves attracted 20 men and women who sold undercover police 70 vehicles valued at more than $510,000. Lake County Sheriff Roy Dominguez said that investigators wrapped up the sting this week …

Percentage Using Safety Belts Reaches Record Level in Illinois

The percentage of Illinois motorists using safety belts has reached a record of more than 92 percent. Illinois Transportation Secretary Gary Hannig says traffic deaths in the first six months of 2010 are also down. Hannig says an estimated 92.6 …

New Jersey Town Owes Family $550K in Discrimination Suit

A black family who sued a New Jersey shore town for racial discrimination has settled part of the lawsuit for more than $500,000. The $550,000 settlement against Sea Isle City and its police department was entered Wednesday in federal court …

Pennsylvania Arsonist Pleads Guilty

A suburban Philadelphia man who authorities say tried to pass himself off as a firefighter has pleaded guilty to intentionally setting a fire at a diner. Twenty-one-year-old Mark Gilliam, of West Bradford, was sentenced Wednesday to 33 to 66 months …

Ratings Roundup: RMA Residential, Dorinco, NAICO

A.M. Best Co. has placed under review with negative implications the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Risk Management Association of Illinois-based Residential Construction Employers Council (RMA). The rating actions reflect Best’s “inability …