Monthly Archives: <span>January 2014</span>

Texas Mutual Serves up $670K Dividend to TRA Safety Group

Texas Mutual Insurance Company announced a $669,540 dividend to the Texas Restaurant Association (TRA) workers’ compensation safety group. The dividend was based largely on the group’s overall loss ratio. “Texas Mutual has a permanent, vested interest in helping our state’s …

Parents’ Safe Driving Behavior Can Help Cut Teen Crashes: Survey

Travelers released the results of its Parent/Teen Safe Driving Survey, which reveal that teens who feel their parents are good role models as drivers are half as likely to have been in an accident. The survey also found that the …

Florida Case Law Update: Case Eliminates Intent Element for False Statements

In 2013, the First District Court of Appeals issued a decision in Universal Property and Casualty Insurance Co. v. Johnson, 114 So. 3d 1031 (Fla. 1st DCA 2013), concluding that an insurance carrier was not required to prove that an …

Georgia Residents File $75M in Claims After Arctic Weather

State officials say Georgians filed claims for an estimated $75 million in insured losses after temperatures in the region dropped well below freezing. Georgia Insurance and Safety Fire Commissioner Ralph Hudgens said in a statement Tuesday that the figure could …

Vaisala Partners With Weather Fusion on STRIKEnet Lightning Verification Products

Vaisala announced it has partnered with Weather Fusion to be the exclusive provider of its STRIKEnet Lightning Verification reports and lightning services to the U.S. insurance industry. The transition from Vaisala to Weather Fusion as the point of sale for …

$914M NFL Concussion Settlement Deal Delayed by Judge

The National Football League’s $914 million settlement of claims tied to player concussions was denied preliminary approval by a federal judge who said she is concerned that not all players will be paid. U.S. District Judge Anita Brody in Philadelphia …

North Dakota Derailment Resulted in 400,000 Gallons of Lost Oil

Federal investigators have determined that 400,000 gallons of oil was lost last month when a train derailed and caught fire in North Dakota, according to a report released Monday. The derailment on Dec. 30 has highlighted concerns about shipping crude …

New Jersey Police Officer Sentenced for Insurance Fraud

A Newark, N.J., police officer who had his sport utility vehicle set on fire and then filed a false insurance claim has been spared a prison term. Essex County prosecutors say 41-year-old Johnathan Taylor was sentenced Monday to serve three …

Oklahoma School Board OKs Claims Over School Bus Fire

School board members at the Norman Public Schools have approved more than $18,000 in tort claims for families who lost personal items during a school bus fire last fall. Monday’s approval is the first step for families to get money …

Kmart’s Flood Damage Claims Against Kroger Set for Trial

A federal judge has denied a request from Kmart Corporation to file a corrected report on testimony of its engineering expert in a lawsuit over flood damage to one of its stores in Corinth. U.S. District Judge Glen Davidson ruled …