Monthly Archives: <span>February 2015</span>

New Jersey Senators Want Sandy Insurer Fraud Probe

New Jersey’s U.S. senators want the state attorney general’s office to investigate possible fraud by insurance companies following Superstorm Sandy. Sens. Robert Menendez and Cory Booker asked Acting Attorney General John Jay Hoffman to investigate any fraud by insurers looking …

GE Agrees to $3.5M Fine for Failing to Report Defective Ranges, Dishwashers

Conn.-based General Electric Co. has agreed to pay a $3.5 million civil penalty, according to the U.S. Consumer Product Safety Commission. The settlement resolves CPSC staff’s charges that GE knowingly failed to report to CPSC as required by law defects …

New Hampshire Lawmakers Tackle High Workers’ Comp Costs

If a worker in New Hampshire gets hurt on the job, an anesthetic injection can cost $763 under a workers’ compensation claim, compared to $298 for non-work related injuries. Surgical treatment for tendinitis in the shoulder costs about $2,200 if …

Recovery of Sales Tax After Vehicle Total Loss

Approximately 12 to 14 percent of all accidents result in a total loss, a number which has been trending upward since 2002. Insurance companies faced with first party claims on policies are responsible for paying the actual cash value or …

Lawsuits Likely to Follow ‘Superbug’ Scare

With an antibiotic-resistant “superbug” outbreak connected to its facility, Ronald Reagan UCLA Medical Center stopped short of pointing a finger at the manufacturer of a medical instrument believed to have spread the deadly germs. The maker of the product was …

Oklahoma Hosts 4th Annual National Tornado Summit

About 1,000 emergency managers, insurance company representatives and city leaders from across the country are expected next week at the National Tornado Summit in Oklahoma. The fourth annual event is Tuesday and Wednesday in Oklahoma City and also includes meteorologists …

Iowa Man Pleads Guilty in Home Insurance Fraud Case

An Eastern Iowa man has pleaded guilty in federal court to mail fraud and using fire to commit a felony. Federal prosecutors say James Marvin Plower of Olin faces at least 10 years in prison and up to 30 years. …

Arguments For and Against Bankruptcy Shield Heard in GM Case

A federal bankruptcy judge this week heard arguments from consumers who are suing General Motors, saying their cars dropped in value because of a defect with its ignition switches. Attorneys for GM and several groups of plaintiffs argued before Judge …

Gas Vapor May be Cause of West Virginia Oil Train Blast

Federal investigators will examine whether pressurized gas played a role in the massive blast that followed the derailment of a train carrying crude oil through West Virginia this week, the U.S. Transportation Department said on Thursday. Questioning the possible role …

Canada to Create Special Fund to Pay for Crude Rail Spills

The Canadian government will create a special fund to pay for damages and cleanup in rail disasters, supported by levies on shipping crude oil, a person with direct knowledge of the plan said. Last week Transport Minister Lisa Raitt discussed …