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

Starr Companies Completes Ownership of Chinese Insurer

Starr Companies has announced the completion of its majority ownership of Shanghai-based Dazhong Insurance Company Limited of China. Going forward, the company will be known as Starr Property & Casualty Insurance (China) Company, Limited (Starr China). “We are pleased to …

Unregistered Seattle Contractor Gets Jail Time for Swindling Homeowners

An unregistered contractor must serve 30 days in jail for scamming Washington homeowners who paid him thousands of dollars for home improvement projects that he never finished. King County Superior Court Judge Theresa Doyle also ordered Gary Shannon Edwards to …

Residents Observe Prophetstown Fire Anniversary

A small community in northwestern Illinois has marked the first anniversary of a damaging fire. Residents of Prophetstown gathered Tuesday for a ceremony to celebrate the first responders and the ground-breaking of a new building downtown. A 79-year-old woman presented …

Historic Cheese Vans Stolen in California Found

Three bright orange Tillamook cheese vans that were stolen over the weekend in Central California were located undamaged, police said on Tuesday. Manteca police said authorities found the restored Volkswagen minibuses, worth $100,000 each, in a recently rented storage locker …

Missouri Sues Home Repair Companies

The Missouri Attorney General’s office is suing several home-repair businesses for allegedly defrauding Missouri customers after storms. Attorney General Chris Koster said in a release Tuesday that the lawsuit names 16 home-repair businesses. He says complaints about home repair and …

Ex-Iowa Town Clerk Guilty of Embezzlement Ordered to Pay Insurer

A former clerk for a northeastern Iowa town has been given 21 months in prison for embezzling more than $81,500 in public funds. Former Masonville clerk Christine King was sentenced in federal court in Cedar Rapids on Monday. She’d pleaded …

Washington Man Caused $60K Damage to House Trying to Kill Spider

The Seattle Fire Department says a man using a spray paint can and a lighter to try and kill a spider started a West Seattle fire that caused $60,000 worth of damage. A fire spokesman says no injuries were reported. …

High Performance Claims Handling to Rely on Overlooked Data

A new report highlights the increasing role that cognitive computing will have as its ability to process knowledge catches up with the insurance industry’s ability to process data in the race towards high performance claims handling. The new report, published …

Small Business Loans Available in South Dakota Disaster Areas

Low-interest Small Business Administration loans are available to South Dakotans hit by flooding or a tornado. SBA has issued a disaster declaration for homes and businesses damaged June 13-20. That makes low-interest loans available in the primary counties of Jerauld …

Report Outlines Ways Insurers Can Navigate Software Systems Changes

Xuber, the insurance software business of Xchanging plc, has published a new report to help insurers reduce the risks inherent in commercial insurance software system implementations. The most recent Xuber Special Report, “The Risk of Doing Nothing…is the Biggest Risk …