March 23, 2012
Harrisburg Fire Chief Bill Summers says his southern Illinois town will recover from last month’s deadly tornado with or without FEMA help. Summers says he’s not surprised that FEMA has denied the state’s appeal for disaster assistance. The agency turned …
March 23, 2012
Columbia, Mo.-based Shelter Insurance has filed a $390 million lawsuit against a Memphis firm that it says failed to do due diligence on a municipal bond offering for the failed Mamtek sweetener plant project in Moberly. The Columbia Daily Tribune …
March 23, 2012
The Oklahoma House of Representatives has passed a bill that would make it more difficult for employers to misclassify workers as independent contractors for the purpose of avoiding social security, unemployment or workers’ compensation premium costs. HB 2258, by Rep. …
March 23, 2012
Some North Carolina homeowners are seeing premium increases this year due to a fire rating change. And North Carolina officials say those increases in insurance premiums stem from the use of technology by insurers and not a change in public …
March 23, 2012
A march of Florida’s state capital to protest the shooting of Trayvon Martin has been canceled due to a lack of insurance. Organizers with the National Christian League of Councils said they are canceling a march to protest the shooting …
March 23, 2012
A bill approved unanimously by a South Carolina legislative panel on Wednesday would make the director of state insurance agency an elected position. The proposal would put South Carolina in line with 11 states that elect insurance chiefs, according to …
March 23, 2012
The Council of the European Union has prolonged the EU’s counter-piracy operation Atalanta by two more years, until December 2014. The Council also said that the decision “extended the force’s area of operations to include Somali coastal territory as well …
March 23, 2012
A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of ‘B+’ (Good) and issuer credit rating of “bbb-” of South Dakota-based Missouri Valley Mutual Insurance Company (MVM). Best explained that the revised …
March 23, 2012
Fresh water supplies are unlikely to keep up with global demand by 2040, increasing political instability, hobbling economic growth and endangering world food markets, according to a U.S. intelligence assessment released on Thursday. The report by the office of the …
March 23, 2012
ING Groep NV has put its roughly $775 million stake in Thailand’s TMB Bank Pcl on the block as the bailed-out Dutch financial services group pushes ahead with Asian divestments, sources familiar with the matter told Reuters. ING, which is …