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

Texas-based Grocery Chain Issues Jalapeno Recall

Grocery chain H-E-B has announced a voluntary recall of products containing fresh jalapenos after government inspectors found a strain of salmonella on a single Mexican-grown jalapeno pepper handled in Texas. The recall was announced Monday and includes fresh jalapenos, fresh …

Monahan Joins Bollinger’s Commercial Lines Division

Susan L. Monahan has joined New Jersey insurance brokerage Bollinger as executive vice president in the Commercial Lines Division. She will be responsible for the commercial lines operations in Bollinger’s Short Hills, N.J. office and will have overall responsibility for …

Greenville, Columbia Clean up after South Carolina Storms

Crews continue to clean up after strong storms knocked down trees and cut power to thousands of people in South Carolina. Some of the worst damage was in the foothills. At North Greenville University, officials said strong winds Monday evening …

British Jury Convicts Wife of Man Who Faked Death for Insurance

The wife of a man who faked his own drowning death in a 250,000-pound (US $500,000) insurance scam was convicted of fraud in Britain this week. A jury found Anne Darwin guilty of six counts of fraud and nine counts …

Flooding Feared Along U.S.-Texas Border from Hurricane Dolly

After Hurricane Dolly unleashed a fury of damaging winds and wicked rain on the U.S.-Mexico coastline and diminished to a tropical storm, widespread flooding along the populous Rio Grande Valley became the top concern Thursday. Dolly, the first hurricane of …

Shift to Smaller Cars Raises Safety Questions, Insurance Group Says

An accelerating U.S. consumer shift from sport utility vehicles and pickups to more fuel-efficient cars should reduce rollover, but safety experts worry a lighter fleet poses serious risks despite air bags, anti-collision systems and other advances. “Shifting to smaller vehicles …

Allstate Insurance Q2 Profit Plunges on $698 Million in Catastrophe Losses

Allstate Corp, the largest publicly traded U.S. home insurer, said on Wednesday net income plunged in the second quarter, hit by the highest level of second-quarter catastrophe losses in its 77-year history. Catastrophe losses for the quarter rose more than …

Storm Losses Erode W.R. Berkley Net Income in Q2

Insurance holding company W. R. Berkley Corp. reported net income for the second quarter of $80 million, compared to $191 million for the second quarter of 2007. Second quarter results showed the combined ratio was 93.2% and the paid loss …

Iowa Gov. Culver: $1.2 Billion in Flood Damages Unmet

Iowa Gov. Chet Culver said July 22 that state officials have identified $1.2 billion in flood damage that hasn’t been met by disaster aid, and he’s asking Congress to move quickly to provide more assistance. Culver pointed to the federal …

Amerigroup Settles Discrimination Lawsuit for $234 Million

Insurance company Amerigroup Corp. said on Jul 22 that it has agreed in principle to settle for $234 million a lawsuit accusing it of discriminating against pregnant women and other high-risk patients. The settlement includes $225 million to be paid …