Monthly Archives: <span>February 2012</span>

Underage Drinkers Run Up $750 Million a Year in Hospital Costs

Hospitalization for underage drinking is common in the United States, and it comes with a price tag — the estimated total cost for these hospitalizations is about $755 million per year. A Mayo Clinic study also found geographic and demographic …

After Failed Challenge Louisiana Town Adopts New Flood Maps

The Denham Springs, La., City Council has adopted new federal flood insurance maps. The Advocate reports both the city and Livingston Parish governments had unsuccessfully challenged the new Federal Emergency Management Agency maps. FEMA has given the city a deadline …

Minnesota Company Seeks Law Change on Asbestos Claims

A company with three manufacturing plants in southern Minnesota wants a change in state law in order to shield itself from future asbestos claims. Crown Holdings Inc. says its 1963 merger with a rival company left it with assets as …

Oklahoma Bill Would Raise Legal Age for Tobacco Use

Legislation approved by an Oklahoma House committee would make it illegal for anyone younger than 21 to purchase tobacco products. “The younger someone starts smoking, the harder it is to break the addiction later in life,” said state Rep. Ann …

Lexington Offers International Student Tuition Income Loss Coverage

Lexington Insurance Co. has introduced HELP – International Catastrophe, a coverage designed to reimburse colleges and universities for the loss of tuition-related income that results when an enrolled international student withdraws due to a catastrophic event in the student’s home …

D.C. Metro Settles Most Death Suits From 2009 Train Crash

The Washington-area Metro transit agency has settled seven of nine lawsuits by families of people killed in a 2009 train crash. Metro also told a judge it is admitting legal responsibility for the deadliest accident in the system’s history. Nine …

Roberts to Retire as General Star, Genesis CEO; Jones Named Successor

General Re Corp. in Stamford, Conn. announced that Patricia H. Roberts will retire as president and CEO of General Star Management Co. and Genesis Management and Insurance Services Corp. effective March 1. Robert M. Jones, senior vice president and chief …

Insurance Called Motive in Alabama Trial Over Bride Drowning in Australia

An Alabama man drowned his new bride during a dive on Australia’s Great Barrier Reef in hopes of collecting $210,000 in insurance benefits and belongings that included her diamond engagement ring, a prosecutor told jurors in opening statements Tuesday. Gabe …

N.J. Prosecutors: Adjuster Defrauded Insurance Firms

State prosecutors say a licensed public adjuster in northern New Jersey defrauded clients and insurance companies out of more than $36,000 by billing for repairs that were never done. Sheena Clarke of Englewood faces numerous charges — including insurance fraud, …

Alabama Governor Wants 1 Year Tax Holiday for Storm Supplies

Alabama Gov. Robert Bentley has proposed a once-a-year sales tax holiday on weather radios, flashlights, generators and other supplies needed to help prepare for weather disasters. Bentley made the proposal at a news conference to announce that Feb. 19-24 would …