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

Fiona Fades, Gaston May Grow

Tropical Storm Fiona is located about 610 miles, 980 kms south of Bermuda, according to the National Hurricane Center’s 8:00 a.m. AST bulletin. The storm is moving toward the northwest near 17 mph, 28 km/hr. The NHC said this “general …

Connecticut Arson Cop Charged in Car Fire Conspiracy

The top arson investigator in Connecticut’s largest city has been arrested in alleged fire-for-hire plot to burn her car for the insurance money. Veteran Bridgeport police Detective Kimberly Biehn is facing charges of conspiracy to commit first-degree arson, fraud and …

Authorities Set Trial Date in Alabama Katrina Fraud Case

An Alabama woman is set for trial on a charges she conspired to defraud the federal government by preying on Hurricane Katrina victims who needed their properties rebuilt. The government seeks a judgment of $62,500 against Joyce E. Jordan, who …

Alabama Stresses Disaster Preparation

Alabama is observing National Preparedness Month with a series of activities starting on the first day of the month. Gov. Bob Riley says the events begin Wednesday with Be Ready Day in Birmingham’s Linn Park. Emergency workers, volunteers and faith-based …

AIG Taiwan Unit Buyer Seeks Favorable, Constructive Ending

The buyers of American International Group Inc’s Taiwan unit will be constructive as they seek to pursue the $2.2 billion bid even after Taiwan’s regulators rejected it, a top executive said on Thursday. Robert Morse, chief executive of Hong Kong …

European Companies in China to Stay Put Despite Obstacles

European companies are not quitting China for other countries despite complaints about the growing difficulty of doing business, the European Union Chamber of Commerce in China said on Thursday. Jacques de Boisseson, the group’s president, said some of the chamber’s …

AIR Puts Caribbean Islands Earl Insured Losses at $50 to $150 Million

AIR Worldwide has given preliminary estimates that insured losses from Hurricane Earl’s passage near the northern Leeward Islands earlier this week are between $50 million and $150 million. AIR said the “estimate includes wind damage to insured onshore properties in …

Propel Insurance Acquires Cascade Risk Placement

Building on its history of providing coverage to builders and developers, independent insurance brokerage Propel Insurance announced it is expanding its real estate expertise by acquiring Cascade Risk Placement Inc. and Encore & Company Insurance. Staff from both Cascade and …

Cedar Rapids Gives Flood-Damaged Homes to Builders, Nonprofits

City officials are trying to salvage some of the homes damaged by flooding in Cedar Rapids, Iowa, in 2008 by offering them to builders and nonprofit groups for free. In exchange, the homes would be renovated and sold at a …

Webb Joins Austin-Based Watkins Insurance Group

Watkins Insurance Group, one of the largest full-service, locally owned independent insurance agencies in Central Texas, has added agent Andy Webb to its sales team. Webb began his career in the insurance industry in March 2002 and now brings a …