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

Rains Fail to Offset Oklahoma Drought Conditions

Rains that have fallen across Oklahoma during the past week have not provided significant relief from drought conditions that have plagued the state in recent months, according to a state climatologist, and left the state’s cotton crop in what one …

Investor Sues Promoter of Failed New Mexico Hospital Project

A man who says he invested more than $1.5 million in a failed northwestern New Mexico hospital project is suing the project’s promoter for fraud. Michael Atchison’s lawsuit claims promoter Bobby Willis spent the money on a luxury suite at …

Ore. Workers’ Compensation Claims Down In Decade

Despite a 30 percent increase in Oregon’s workforce, the state’s workers’ compensation claims are down sharply since the system was overhauled two decades ago. Workers’ Compensation Division administrator John Shilts told the Statesman-Journal employers are saving money but workplaces are …

NSIDC: Arctic Ice Melting at Faster Rate than 2007 Record Year

The latest report from the National Snow & Ice Data Center reports that “Arctic sea ice extent during the first two weeks of August continued to track below 2007 record low daily ice extents. “As of August 13, ice extent …

Lower Catastrophe Losses Boost P/C Insurers’ Earnings in Q2: Moody’s

U.S. property/casualty insurers reported significantly higher net income in the second quarter of 2012 relative to second-quarter 2011, driven by lower catastrophe losses and increased growth in earned premiums, says Moody’s Investors Service. However, operating income for the sector – …

Digitial Insurance Acquires Knoxville’s First Benefit Partners

Atlanta-based employee benefit agency Digital Insurance has acquired First Benefit Partners in Knoxville, Tenn. Terms were not disclosed. First Benefit Partners’ principal, Matt Noe, is joining Digital’s integrated benefits team as the company’s first director of sales. Noe began his …

Historical U.S. Hurricanes: What If They Struck Today?

There have been 28 storms in U.S. history since 1900 which if they were happen today would each cause $10 billion or more in insured losses. Hurricane Andrew, which struck Florida 20 years ago this week, would be three times …

Federal Government’s Employment Discrimination Complaints, Payments Fall

Federal employees and applicants filed 16,974 complaints of employment discrimination in fiscal year 2011, down about 3.5 percent from 2010. The U.S. government paid monetary benefits to complainants totaling $43.5 million in FY 2011, down 7.3 percent from the $46.9 …

Report: OSHA Fines Maine Company in Worker’s Death

A news report says an Augusta, Maine, construction company has been cited for violations and fined in the death of an employee after a house collapsed. Morning Sentinel reports that the Occupational Safety and Health Administration fined Kennebec Home Improvements …

Macy’s Sues J.C. Penney in N.Y. Over Martha Stewart Deal

Macy’s Inc. is suing rival retailer J.C. Penney Co., claiming Penney’s bid to sell products by Martha Stewart Living is a breach of an exclusive contract held by Macy’s and could cost it potentially billions in sales. In the complaint …