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

Germans Say “Nein! No! Non!” Ahead of Euro Summit

EU leaders go into a Brussels meeting today, Thursday June 28, more openly divided than at any time since the euro crisis began, with Germany’s Chancellor Angela Merkel showing no sign of relenting in her refusal to back other countries’ …

Shareholders Sue Diamond Foods Board Over Financial Problems

The board of Diamond Foods Inc. failed to properly oversee the snack food company, damaging its reputation and costing it the chance to buy rival Pringles, according to a shareholder lawsuit filed on Wednesday. Diamond Foods has been embroiled in …

Minot Releases Plan for Using Federal Flood Grants

The city of Minot, N.D., released a proposal on June 26 for using nearly $68 million in federal disaster recovery grant money to help recover from last summer’s devastating Souris River flooding. The grant is from the Department of Housing …

School Children Fundraise to Fix Vandalized Ohio Museum

Months after an Ohio State University student trashed the Orton Geological Museum, an artist, a curator and elementary schoolchildren are helping to piece history back together. About 175 second- and third-grade gifted students from Hilliard elementary schools did chores, held …

Second Colorado Wildfire Makes for ‘Unprecedented’ Season

Following a fire that forced the evacuation of more than 32,000 people, Colorado continues to be plagued with an “unprecedented” wildfire season that’s shaping up to yield high-dollar values in terms of losses, an insurance industry veteran dealing with the …

Colorado’s Early June Storms Among State’s Most Costly

New insurance claim estimates from the hail, wind and flooding that wreaked havoc on June 6 from South Denver down to Colorado Springs and again on June 7 in Northern Colorado and the Eastern Plains made it the state’s fourth …

Leavitt Central Coast Names Willis Senior Vice President

Leavitt Central Coast Insurance Services named Ted Willis senior vice president. Willis has more than 32 years’ experience in insurance. He began his career as the claims manager for an international brokerage and worked his way up to senior vice …

Skier Accuses Popular Vermont Resort of Neglecting Safety

A skier says a Vermont ski resort is at fault for his injuries. Alfred Rocks of Egg Harbor, N.J., sued Killington Ski Area, saying it failed to maintain a trail in a “reasonably safe condition” when Rocks suffered leg fractures …

Florida Orders Firm to Stop Unlicensed Sale of Home Warranties

Florida Insurance Commissioner Kevin McCarty issued an order Wednesday to American Fidelity Services LLC to cease and desist engaging in the unauthorized and unlicensed business of a home warranty association in the state of Florida. American Fidelity Services is a …

Citizens New President Gilway: Changes Coming, but Progress Will Be Slow

The new chief of Florida’s policyholder-backed property insurer Citizens Property Insurance offered no magic bullet to depopulate the insurer, but promised the insurer will charge higher rates for less coverage in order to encourage customers to buy elsewhere. Newly-appointed Citizens …