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

ASI Environmental Enhances Site Pollution Impairment Legal Liability Package

American Safety Insurance has launched an enhanced version of its Site Pollution Impairment Legal Liability (SPILLTM) package policy, which was created specifically to cover pollution-related exposures from sudden and gradual releases of pollutants from insured locations. The newer forms are …

Drought Not Over, Arkansas Ranchers Cautioned

Arkansas agriculture officials say recent rains and the greening of pastures aren’t true indications that the drought is over. The drought was particularly hard on cattle producers, many of whom sold more head than they had planned and are looking …

Joplin Construction Tops $715M Since 2011 Tornado

Construction in Joplin, Mo., since the tornado is approaching three-quarters of a billion dollars. Since May 22, 2011, about $715 million in construction has been started in Joplin, according to the latest building permit figures, which were for the months …

Hawaii Tsunami Smaller Than Feared; Ports Reopened

Officials in Hawaii reopened the state’s ports on Sunday and canceled a tsunami advisory as fears receded that there would be damaging waves from a powerful earthquake off the coast of Canada. The Pacific Tsunami Warning Center lifted its tsunami …

U.S. Suing Tulsa Restaurant Chain over Unpaid Wages

The Department of Labor announced it is suing a Tulsa, Okla.-area restaurant chain over nearly $1 million in unpaid wages it alleges the business owes to more than 220 employees. The lawsuit was filed earlier this week in Tulsa federal …

FDA Needs New Authority Over Compounding Pharmacies: Report

The U.S. Food and Drug Administration’s power to regulate compounded drugs similar to those linked to a deadly meningitis outbreak is legally nonbinding and lacks the authority of stringent standards imposed on drug manufacturers, according to a congressional report released …

European Insurance Stocks Hit by Hurricane Sandy Fears

European shares fell for the first time in four sessions on Monday, with insurance stocks hit by concern about their exposure to the U.S. hurricane, while a backdrop of weak company results also weighed. Traders added that the bias was …

North Carolina’s Ocracoke Ferries Halted, Stranding Some

North Carolina transportation officials suspended all ferry service to Ocracoke Island on North Carolina’s Outer Banks on Saturday, leaving hundreds of residents and guests no way to reach higher ground as Hurricane Sandy threatened the coast with heavy winds and …

Update: Sandy Strengthens; Thousands Evacuate; Wall Street Closes

Hurricane Sandy, the monster storm bearing down on the U.S. East Coast, strengthened on Monday after hundreds of thousands moved to higher ground, public transport shut down and the U.S. stock market suffered its first weather-related closure in 27 years. …

Florida OKs 6.1% Workers’ Compensation Rate Hike

Florida Insurance Commissioner Kevin McCarty said he will approve a 6.1 percent rate increase to become effective January 1, 2013 for workers’ compensation insurance rates in Florida. The decision was based the National Council on Compensation Insurance rate filing and …