Monthly Archives: <span>October 2013</span>

Several Houston School Buses Burn in Barn Fire

Several school buses operated by a Houston-area school district have been damaged or destroyed during a blaze at the vehicle barn. Conroe Fire Department officials say nobody was hurt in the blaze that broke out around 1:30 a.m. Wednesday at …

Ohio Father, Son Charged in Teen’s DUI Death

A father and son in central Ohio are facing misdemeanor charges of allowing an 18-year-old to drink at their house before he crashed his car and died. The father and son, Brian and Cameron Willms, were charged under the city’s …

Ex-Texas Chemical Firm Exec Gets Prison for Worker Death

A federal judge has sentenced the former president of a Port Arthur, Texas, chemical company to one year in prison for occupational safety crimes that led to an employee’s death. Matthew Lawrence Bowman is the former president and owner of …

Karen Clark & Company Report Examines Superstorm Sandy at One-Year Anniversary

Karen Clark & Company (KCC), independent experts in catastrophe risk, catastrophe models and catastrophe risk management, issued a report in conjunction with the one-year anniversary of Superstorm Sandy that estimates $300 billion of property value in Sandy’s flood footprint and …

Strong Taiwan Quake Shakes Buildings, Halts Chipmaking, Trains

An earthquake measuring 6.3 on the Richter scale struck eastern Taiwan, shaking buildings in the capital and prompting the island’s biggest chipmaker to temporarily evacuate factory workers. One person was injured and there were no immediate reports of major damage. …

ITIC Issues Warning on Forged Documents

ITIC has warned shipping intermediaries to be on the look-out for cleverly forged documents which could result in them being held liable for substantial claims by cargo interests. In the latest issue of its Claims Review, ITIC refers to the …

Mississippi Could Debate School Bus Seatbelts

Mississippi lawmakers in 2014 could debate whether to require seatbelts in school buses, but it could be a tough fight. The state budget is already stretched, and many lawmakers say they don’t want to push more expenses onto local school …

Plymouth Rock Cracks Down on Insurance Fraud in New Jersey

Car insurance group Plymouth Rock Assurance has filed three civil suits alleging several medical facilities and residents have violated the New Jersey Insurance Fraud Prevention Act. Plymouth Rock’s Special Investigation Unit launched the investigations which resulted in civil suits being …

Part Two: The Value of Accurate Roof Age in Underwriting

Accurate Roof Age Is Hard, But So What? This paper sets out to quantify how much inaccurate roof age costs carriers—after all, if the cost of inaccurate roof age is low, then the value of accurate roof age is also …

FEMA Teams Surveying Blizzard, Flood Damage in South Dakota

Officials with the Federal Emergency Management Agency are working in western South Dakota to document the damage caused by an Oct. 4 blizzard. The storm dumped up to 4 feet of snow in the region, cutting power to about 30,000 …