Monthly Archives: <span>May 2008</span>

Okla. AG: LaQuinta to Offer Free Rooms to Overcharged Ice Storm Victims

Oklahomans who were overcharged for hotel rooms during the December 2007 ice storms will receive free rooms or refunds after Attorney General Drew Edmondson settled a price gouging case against LaQuinta Inns. The AG’s office said an investigation found that …

First American Spatial Solutions Releases Flood Catastrophe Model

First American Spatial Solutions launched its new U.S. flood catastrophe model, a key component of its suite of advanced flood risk solutions, which includes geospatial analytics, basic flood data, flood risk scoring and near real-time monitoring of actual flood conditions. …

Mold Costs One Builder $3 Million

A moldy house has been a headache for a central Ohio family and a $3 million liability for the homebuilder. A Franklin County judge has awarded Roman and Jennifer Costner $3 million for their three-year-saga. Last week, another judge says …

Damages Mount, Again, in Storm-battered South Central States

As the town of Picher, Okla., begins to climb out of the wreckage of the deadly tornado that swept across Southeastern Oklahoma and into Missouri and beyond over the May 10 weekend, some are predicting that the town may not …

Fla.’s PURE Expands into South Carolina’s High Value Homes Market

Florida-based Privilege Underwriters Reciprocal Exchange expanded into South Carolina, according to its president and chief executive officer. PURE CEO Ross Buchmueller said the program is dedicated exclusively to serving the owners of high-value homes insured for more than $1 million. …

Iowa City Considers Purchasing Earthquake Insurance

Some Iowa cities have earlthquake coverage so it was not that surprising that city leaders in Johnston are considering earthquake insurance in the wake of two tremors this spring in Illinois and Missouri. City Finance Director Theresa Rotschafer says earthquake …

AIG Rejects Ex-CEO Greenberg’s ‘Crisis’ Call for Delay of Annual Meeting

Maurice “Hank” Greenberg, former chief executive of American International Group, has said the insurer is in “crisis” and urged a delay in its annual general meeting scheduled for Wednesday, according to a letter he sent to the board. But AIG …

Widower, Industry Seek Change in Mass. Life Insurance Claims Law

When Jenny and John Crowley learned they were having a baby, they did the responsible thing: they bought life insurance. Barely in their 30s, they passed the insurance company’s physicals, applied for a $500,000 policy for Jenny and a $1 …

Rise in Construction Accidents Prompts Review of Federal Agency, OSHA

The leader of a House of Representatives committee said it plans to review a federal agency in charge of ensuring workplace safety this summer after recent construction deaths in Las Vegas and other major cities. Rep. Lynn Woolsey, D-Calif., said …

Liability Costs for Long Term Care Industry Stabilize, Aon Reports

An Aon Corp. analysis of liability in the long term care industry found for the first time in nine years of reporting that liability costs are stable on a national average basis. The study found that average general liability and …