| 1. | L.A. Escapes ‘Carmageddon’ as Drivers Stay Home
Jul 18, 2011 -- When Caltrans announced that it planned to close the busy 405 freeway July 15 to 18, the local populace immediately went into panic mode. The Interstate, which links the San Fernando Valley with West Los Angeles and points south, is a vital link in ... |
| 2. | President of Allstate Protection Unit Leaves
Jul 19, 2011 -- The Allstate Corp. said on July 18 that the president of its struggling Allstate Protection subsidiary was leaving the company immediately. After the announcement, Allstate's shares fell more than 5 percent in midday trading. The company gave no ... |
| 3. | Hawaii Blowhole Death Raises Liability Questions
Jul 19, 2011 -- The fiancee of the Northern California man who was sucked into a blowhole to his apparent death said there should have been signs warning people of the dangers of the geyser-like creation along a rugged stretch of the Maui coastline. Tika Hick told ... |
| 4. | Travelers Posts Q2 Loss with $1 Billion in Tornado Costs
Jul 21, 2011 -- Travelers Cos. Inc. reported a second-quarter loss, missing analysts' estimates by a huge margin as the property insurer suffered more than $1 billion in catastrophe losses from record-breaking tornadoes in April and May. Travelers warned in early ... |
| 5. | Insurance Keywords Add Big to Google Profits
Jul 19, 2011 -- Insurance is adding big bucks to Google's profitability, according to new research released today. After Google posted impressive profits for the second quarter 2011, almost $7 billion, Word Stream, a Boston, Mass.-based provider of search ... |
| 6. | Ready or Not, New Surplus Lines Law Is Here
Jul 21, 2011 -- The implementation deadline for the Nonadmitted and Reinsurance Reform Act has arrived. States have been scrambling over the past year to update surplus lines laws that will conform with NRRA requirements, while agents and brokers have tried to ... |
| 7. | S&P Threatens Downgrade of Insurers, Financial Firms Over Debt Ceiling
Jul 18, 2011 -- Standard & Poor's Friday raised the pressure on debt negotiators in Washington, saying it could downgrade insurers, securities clearinghouses, mortgage agencies and a laundry list of other firms without a deal soon to lift the U.S. debt ceiling ... |
| 8. | Georgia Student Sues Fraternity Over ‘Foam Party’ Injury
Jul 18, 2011 -- A University of Georgia student who was injured at a fraternity's "foam party'' has filed a lawsuit seeking medical expenses. Leah Carole Mock said in the lawsuit filed in Athens-Clarke County Superior Court that a tooth was broken and three other ... |
| 9. | Michigan Teacher Fired Over Racial Comments Awarded $535K
Jul 18, 2011 -- A Michigan jury has awarded $535,000 to a white former Flint teacher who claimed he was illegally fired for a racial comment. Lawyers for Craig Hecht (Heck) were able to show jurors that black staff members at Linden Charter Academy had made racial ... |
| 10. | Massachusetts Judge: Obsolete Fire-Suppression Means No Claims Paid
Jul 20, 2011 -- A Massachusetts restaurant owner who failed to upgrade his obsolete fire suppression system was not entitled to collect insurance money after a massive fire six years ago — and must return $15,000 advanced to him by his insurer, an appeals court ... |
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