The tornado that devastated Joplin in May is expected to cost insurance companies about $2.2 billion. Property Claims Services, which determines insurance payouts for catastrophes, said Tuesday that figure includes payouts already made and projected payouts for the May 22 …
As flooding from Hurricane Irene causes heavy damage in New Jersey, federal officials report almost 230,000 property owners in the state have flood insurance. Flooding is not covered by homeowners insurance but by special flood policies purchased through the Federal …
Under fire for oil spills off China’s eastern coast, ConocoPhillips says it has finished collecting virtually all oil and drilling mud released into Bohai Bay, meeting a deadline to finish its cleanup by Wednesday. China’s State Oceanic Administration, however, criticized …
Oklahoma City firefighters are planning a helicopter tour to survey damage caused by a fire on the city’s northeast side. Deputy Chief Marc Woodard said Wednesday that he and a police officer will survey the area to assess the damage, …
East Carolina University officials estimate that damage to the campus caused by Hurricane Irene could reach $1 million. Vice chancellor for finance and administration Rick Niswander said the figure is an early estimate and could change. Irene left downed trees, …
Two more former Brimfield firefighters have pleaded guilty to setting three fires. Patrick Elliott of Charlton and Brian Findlay of Ashford, Conn. pleaded guilty Tuesday in Hampden Superior Court to a single count each of burning of a building. They …
Far from the beach towns that took Hurricane Irene’s first hit, the storm inflicted some of its worst damage on inland farms as crops were pummeled by wind, scalded by salt spray and submerged by floodwaters. Some farmers are reporting …
Swiss Re’s latest sigma study – “State involvement in private insurance” – examines the increasing symbiosis between governments and the private insurance sector. The report notes that “more and more governments are leveraging private insurance skills and the growing capacity …
Hyundai is recalling 205,233 of its Santa Fe and Veracruz crossover vehicles, citing problems with their airbag systems. The National Highway Transportation Safety Administration says the 2007 and 2008 model year cars were built between Dec. 26, 2006, and March …