Salvage News

Indiana Farmers Weigh Impact of Flooding

Northwestern Indiana farmers are weighing their crop losses after recent floods that for some farmers was the second wave of flooding they’ve endured this year. Farmer Bill Peterson Sr. said heavy rains in June flooded 400 of the 1,000 acres …

Farmers Watch Profits Sink after Ike

From Texas rice farms to Midwest cornfields, some farmers in the path of Hurricane Ike’s remnants saw profits sink as strong winds battered crops. Along with prospects of lower yields, those farmers in Ohio and several other states will have …

$6 Billion Storm? Ike’s Economic Impact is Felt Widely

Shrimpers and oystermen lost their boats to the muck. Tourist areas on the coast that should be bustling at the start of convention season are flattened. Lingering power outages are keeping offices empty and restaurants closed from Texas through the …

Aon Warns ‘Poor Packaging’ in Fashion Industry Could Affect Claims

“Poor packaging by the fashion industry could mean that insurers refuse to pay claims for damaged goods in transit – not to mention that replacement clothing and accessories are unlikely to be delivered in time to catch the season,” warns …

Car Buyers Can Get Totaled Car Data from Liberty Mutual and Carfax

It happens all across the country: people purchase used cars without realizing they were totaled in crashes, floods and other disasters. These buyers end up paying more than the car is truly worth, often face steep repair bills, and — …

West Virginia Salvage Effort Leads to Fire

West Virginia salvage company workers caused a huge fire in Grafton when sparks from metal-cutting torches made contact with piles of old, dry rubbish. Grafton Fire Chief Craig Crimm said no one was injured in the July 8 blaze, which …

Floods Could Cost Indiana Farmers Nearly $800 Million in Crop Damage

Indiana’s agriculture director says June’s flooding likely caused the worst agriculture disaster in state history, damaging nearly a tenth of corn and soybean crops and costing farmers upward of $800 million. “There’s probably no sector of our state that’s been …

Illinois, Iowa Join Indiana in Moratorium on Policy Cancellations

The Illinois and Iowa Insurance Departments have implemented a 60-day moratorium on the cancellation and nonrenewal of insurance policies for people who live in counties affected by the recent storms and flooding. Indiana made its announcement on a moratorium on …

Salvage Operations Commence after Barge Accident in Kentucky

The Coast Guard says salvage operations are to start after two barges carrying iron ore sank in the Ohio River near downtown Louisville, Ky. Authorities shut traffic down on the river near where the two barges sank June 6. Coast …

17 Rescued from Fire Aboard 46-foot Vessel on Alabama Coast

A fire aboard a 46-foot pleasure boat in Bon Secour Bay on the Alabama coast forced the evacuation of 17 passengers and crew. No one was injured. The Coast Guard rescued 15 people from the “Ellisa,” and took them to …