Monthly Archives: <span>March 2011</span>

EQECAT Analyzes Specific Exposures from Japan Quake/Tsunami

Catastrophe modeling firm EQECAT has issued a bulletin describing the potential insured market losses and summarizing the various impacts of Japan’s insurance market with its specific inclusions and exclusions. Earthquake Shaking (EQ Shake)EQECAT identified this as the biggest exposure in …

Trade Group Insurance Specialties, Inc. Celebrates March Madness

San Diego – March 16, 2011 – Trade Group Insurance Specialties, Inc. has announced that in celebration of its 4th year in business serving as a General Wholesaler and Specialty Program Provider that during March 2011 it would offer 15% …

Kentucky Condo Owners Await Ruling Over Poor Construction

A group of condominium owners in northern Kentucky is hoping a judge’s ruling will give them an opportunity to collect several million dollars from a defunct construction company they say did shoddy work on their homes. Campbell Circuit Judge Julie …

Suit Filed in Ohio Questions Security of Push-Button Locks

Orthodox Jews are challenging the security of a type of push-button lock used in their homes and some government buildings in complaints before a federal judge in Cleveland, Ohio. The complaints have been consolidated into a potential class-action lawsuit against …

Connecticut Company Ordered to Pay $32.6M in Fines, Restitution in Iowa

A Polk County, Iowa, judge ordered Connecticut-based Vertrue Inc. to pay more than $30 million dollars in restitution, penalties and costs after ruling the corporation violated Iowa’s buying club law and used deceptive and unfair practices to market so-called buying …

Seattle Woman Files $60K Claim Over Dead Dog

The owner of a German shorthaired pointer, originally purchased for $200, has filed a claim with the city of Seattle for $60,000 after the dog was electrocuted on Thanksgiving when it stepped on a Queen Anne streetlight metal ground-cover plate. …

Axing of Vermont Cop Shooting Lawsuit Enables Appeal

The family of a Vermont man shot to death by state troopers is clear to ask the 2nd Circuit Court of Appeals in New York to overturn the dismissal of a civil lawsuit against the state police stemming from the …

Massachusetts Chemical Plant Explodes, Injuring Four

A chemical plant in Massachusetts exploded Sunday evening, shaking nearby homes, injuring four people and raising concerns about water and air safety. The explosion caused a fire at one of the Bostik Inc. buildings in an industrial complex in Middleton, …

FEMA Taking Another Look at Lafourche Levees in Louisiana

Officials in Louisiana’s Lafourche Parish say the Federal Emergency Management Agency is reconsidering a levee policy that would create higher flood-insurance rates and elevation requirements. FEMA won’t acknowledge some Lafourche levees exist because the U.S. Army Corps of Engineers says …

Lawsuit Over Crash from Mississippi Police Chase Nets $375K

A lawsuit against the Mississippi Highway Safety Patrol over a fatal wreck caused by a man fleeing a trooper in 2007 has been settled for $375,000. The Mississippi Tort Claims Board recently approved the settlement for the family of 22-year-old …