Monthly Archives: <span>January 2012</span>

Mazda Recalls More Than 52,000 Tribute SUVs

Mazda says it’s recalling more than 52,000 Tribute SUVs from the 2001 and 2002 model years because of possible brake fluid leaks. The automaker says that some of the vehicles’ brake master cylinder reservoir cap can leak brake fluid. If …

Attorneys Seize Louisiana Insurer’s Money

Attorneys have begun seizing over $100 million they won for homeowners who claimed Louisiana Citizens Property Insurance Corp. dragged its heels in adjusting hurricane claims in 2005. Attorney Fred Herman said Monday that the money includes a $92.8 million judgment …

UPDATE: Insured Loss Estimates from Thailand Floods

Last year’s flooding in Thailand is shaping up to be one of the costliest natural disasters in history, with insured losses alone estimated at more than $15 billion. The following is an updated list – NKSJ Holdings, Zurich, RenaissanceRe and …

Art Stolen From French Museum in 1981 Returned by ICE

An art piece stolen from a French museum more than 30 years ago is finally on its way home to France. On Wednesday, U.S. officials repatriated “Le Marché aux Poissons” (The Fish Market), a monotype by Camille Pissarro, to French …

Report: Auto Insurance Claims Satisfaction Remains Steady

Overall customer satisfaction with the auto claims experience remained stable during the fourth quarter of 2011, despite an increase in the number of auto insurance claims and the amount of time needed to repair vehicles, according to the J.D. Power …

I.I.I.: Competition in U.S. Auto Insurance Market Has Driven Down Premium Costs

A highly competitive auto insurance marketplace is making coverage more widely available and affordable for all drivers, according to the Insurance Information Institute (I.I.I.). The I.I.I. vigorously contested a Consumer Federation of America (CFA) study which asserted that insurance rating …

A Look at Thefts of an American Automotive Icon: Ford Mustang

For over 25 years, the National Insurance Crime Bureau (NICB) has published Hot Wheels, an annual report of America’s 10 most stolen vehicles. While popular expectations have been that newer, more expensive vehicles would top the list, the data has …

Texas High Court Decision Reaffirms Bar Against Policyholder Negligence Claims

In a decision that workers’ compensation experts say is good for Texas employees and employers alike, the Supreme Court of Texas issued a unanimous opinion on January 27, 2012, that bars negligence claims against policyholders. The Port Elevator-Brownsville v. Casados …

Arkansas City Hall, Other Buildings Burn in Fire

Fire has destroyed the city hall building and most of the structures on a block in Kensett, Ark. Authorities say no one was in any of the buildings when the blaze erupted Sunday night, and no injuries were reported. Fire …

Oklahoma Officials Learn Lessons From Ice Storm

Communications have been modernized, utility outage response has improved and emergency response officials in north-central Oklahoma are better prepared for natural disasters 10 years after one of the worst ice storms in state history crippled the region. A storm system …