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

Rebuilding of Quake-Damaged Virginia School to Begin

Louisa County, Va., officials are preparing to break ground for a new elementary school that will replace one severely damaged by the 2011 earthquake. The Richmond Times-Dispatch says the groundbreaking ceremony for the new Thomas Jefferson Elementary School is scheduled …

Delaware Authorities Looking for Aggressive Drivers

Delaware’s Office of Highway Safety is making a coordinated effort to combat aggressive driving. Beginning this week and continuing through Nov. 3, law enforcement agencies will be specifically looking for aggressive drivers. Authorities say that almost 40 percent of the …

Cypress Benefit Administrators Adds Captive Health Insurance for Employers

Cypress Benefit Administrators, a national third party administrator (TPA) based in Appleton, Wisc., and with locations in Portland, Ore., Omaha, Neb. and Pueblo, Colo., has launched CypressCap group captive insurance option for employers with 50 or more employees. With healthcare …

Penn. Regulators Approve Pending Sale of Clal’s U.S. Unit to Berkshire

The Pennsylvania Insurance Department this week approved the pending deal by Israel’s Clal Insurance Enterprises Holdings to sell its U.S. unit to Berkshire Hathaway Inc.’s National Indemnity Co. The deal to sell off Clal’s U.S. unit — Clal U.S. Holdings …

U.S. Sues Bank of America Over Alleged ‘Hustle’ Mortgage Fraud

The United States filed a civil mortgage fraud lawsuit against Bank of America Corp., accusing it of selling thousands of toxic home loans that later defaulted to Fannie Mae and Freddie Mac, leading to more than $1 billion of losses. …

85 MPH Texas Highway Opening Today

With today’s opening of a 40-mile stretch of a Central Texas toll road, officials and residents will be watching to see how fast traffic goes — and whether the state’s drivers can handle the extra speed. The new stretch of …

Activist Chairmen, Independent Directors Challenge CEOs, ‘Country Club’ Boards

In the summer of 2011, Yahoo Inc.’s board decided enough was enough. Directors had seen the Internet giant’s stock languish, and the answers they got from Carol Bartz, chief executive at the time, fell short of their expectations. So, the …

Verisk Insurance Solutions Enhances Foreclosure Alert Product

Verisk Insurance Solutions – Underwriting, a unit of Verisk Analytics has added an enhancement to its Foreclosure Alert that identifies if a property has previously been in foreclosure at the point of sale. Foreclosure Alert provides actionable information to help …

West Texas Jury Awards $11M in Oilfield Accident

A West Texas jury has awarded $11 million to a man who was injured by a pipe casing that fell from an oilfield elevator. The verdict in favor of Eliazar Trevino Jr. was announced Oct. 22 after a week-long civil …

Wisconsin Workplace Shooting Brings Call for New Law on Guns

Two Wisconsin lawmakers are pushing legislation to tighten the enforcement of gun rules in domestic violence cases, prompted by a fatal shooting rampage at a suburban Milwaukee spa. Radcliffe Haughton, 45, bought a handgun just two days after his beleaguered …