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

Cincinnati Financial Expects Up to $290M in Storm Losses for Q2 2011

Cincinnati Financial Corp. reported that The Cincinnati Insurance Companies’ property casualty group expects its second quarter 2011 results to include pre-tax catastrophe losses, net of reinsurance, of approximately $240 million to $290 million due to severe weather during April and …

Michigan Insurer Questions FBI Story About Wrecked Ferrari

A Michigan insurance company suing to force the federal government to pay $750,000 for wrecking a rare Ferrari in Kentucky has questioned whether it was simply an accident. Motors Insurance said its investigation showed the high-performance car was being driven …

Houston Jury Finds for Insurer in $22M Suit Over Hail Damage Claims

A jury in Houston, Texas, has found in favor of a property insurer in a lawsuit brought by a townhouse homeowners association over roof hail damage to 22 buildings. Summer Hill Village Community Association sued Colony Insurance for $22 million …

Part 1: Bed Bugs Abatement a Growing Challenge for Landlords, Cities, Insurers

An alarming invasion of bed bugs in homes, hotels, schools, hospitals and other facilities has led to a renewed call for lifting of a government ban on a pesticide once used to combat the bugs and moves in several states …

Houston Woman Convicted in $5M Workers’ Comp Fraud Case

Texas Mutual Insurance Company reported that a Travis County district court sentenced Ellynn A. Ogilvie of Houston to five years of probation, 450 community service hours and a $2,000 fine for workers’ compensation fraud-related charges. Ogilvie, who owned United Crane …

Crews Racing Floodwaters to Build Up Iowa Levee

Crews in Hamburg, Iowa, were busy June 14 building up a secondary barrier to protect the small Iowa town after the swollen Missouri River punched a massive hole in the main levee. The river ruptured two levees in northwest Missouri …

Ohio Launches $25M Storm Recovery Loan Program

The state has announced a $25 million emergency loan program to help Ohio rebuild from tornadoes and flooding so far this year. State Treasurer Josh Mandel says in a statement that the program will offer money at reduced interest rates …

6.0 Earthquake Strikes New Zealand City of Christchurch

Still recovering from two previous earthquakes that struck the region in September 2010 and February 2011, Christchurch, New Zealand was shaken by a series of strong tremors on June 13, according to catastrophe modeling firm AIR Worldwide. The United States …

Assistance Deadline Nears for Those Affected by Oklahoma Tornado

State and federal officials are reminding those affected by tornadoes and severe weather that tore through Atoka County, Oklahoma in April that the deadline to apply for disaster assistance is nearing. The Federal Emergency Management Agency and the Oklahoma Department …

Illinois Correctional Center Workers’ Comp Cases Pile Up

New workers’ compensation claims have continued to pile up this year at Menard Correctional Center despite ongoing probes by federal authorities, a newspaper reported Sunday. According to the Belleville News-Democrat, which has published a series of reports based on its …