Monthly Archives: <span>May 2010</span>

Washington’s Berend Named FloodSmart Agent of the Year

Brian Berend, of Brian Berend Agency in Auburn, Wash., has been named FloodSmart Agent of the Year for 2010. The FloodSmart Award recognizes an agent who has made an outstanding effort to promote the National Flood Insurance Program and raise …

Saft: Lessons for U.S., UK from Japan’s Lost Decade

Deflation and a lost decade can be avoided it seems; all we need are perfect central bankers, sensible politicians, a biddable electorate and cooperative investors. Nothing to worry about there, then. In a speech on Monday, Bank of England Monetary …

Pru In Talks to Lower Price for AIG’s Asian Unit, AIA

Prudential has entered talks to cut its $35.5 billion offer for for AIG’s Asian life insurance arm, in a last-ditch bid to salvage a deal criticised by shareholders as too expensive. Prudential chief executive Tidjane Thiam’s future hinges on the …

Flood Group Sticks With Original Red River Plan

A group studying a Red River diversion project in the Fargo and Moorhead, Minn., area said it will stick with its original plan even though it may not offer as much flood protection as first advertised. The Metro Flood Study …

London American Risk Now Offering Small Commercial Standard Lines

London American Risk Specialists Inc., based in Houston, Texas, has contracted with Travelers Insurance Co. to offer small commercial standard lines business through the firm’s Select Division. London American will have in-house binding authority for package, commercial auto, and workers …

New York Man’s Kidney Transplant Gave Him Woman’s Cancer

Vincent Liew waited five years for the kidney that was supposed to change his life. Instead, the organ ended it. The kidney came from a woman who had uterine cancer, but she and doctors didn’t know it. Once her disease …

Owner of Chimpanzee in Connecticut Mauling Dies at 72

The woman whose chimpanzee mauled and blinded her friend last year, leading to lawsuits and a national debate over the regulation of exotic pets, has died, her attorney said. Sandy Herold died Monday night of a ruptured aortic aneurysm, lawyer …

Fire Destroys Delaware Poultry House, Killing 26K Chicks Lost

Delaware authorities say 26,000 birds were lost after an electrical malfunction caused a fire that destroyed a poultry house west of Bridgeville. The State Fire Marshal’s Office says the fire started shortly before 3:30 a.m. Wednesday. Officials say the chicks …

Flood Insurance Program to Expire Again May 31

For the fourth time in the past year, the nation’s flood insurance program will lapse because Congress has not voted to reauthorize it. That’s the latest on Capitol Hill, according to property/casualty lobbyists and other sources. As a result, the …

U.S. Mines Facing Shortage of Safety Air Packs

One of just two major makers of emergency air packs for U.S. coal mines has stopped selling the devices because they often don’t automatically start and the industry fears it will lead to a shortage, officials said. Underground mines must …