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

Missouri Republicans to Tackle Workers’ Compensation

Nearly two dozen years after Monroe Gunter retired from a long career at a Missouri power company, he was diagnosed with a rare form of cancer often caused by exposure to asbestos. Gunter sued his former employer, claiming its negligence …

Louisiana Pie Maker Sues Fire Suppression Company, Insurers

New Orleans pie maker Simon Hubig Company Inc., whose Louisiana plant was destroyed in a blaze six months ago, has sued the Kenner company that created and maintained its fire suppression system. The Times-Picayune reported the lawsuit, filed in New …

Insurer Plans $15M Expansion in Indiana

An insurance company that covers churches and their activities is planning a $15 million expansion of its Fort Wayne, Ind. headquarters. Brotherhood Mutual Insurance Co. announced Thursday it would build a nearly 55,000 square-foot building on its current campus to …

Storm Leaves 135K Still Without Power In Arkansas

A Christmas Day blizzard that dumped more than 15 inches of Arkansas on the state, causing massive damage to power lines have affected more than 200,000 customers, has left more than 135,000 residents still without power. Word from the state’s …

Arthur J. Gallagher Acquires Heiser in Illinois

Arthur J. Gallagher & Co. acquired Heiser Insurance Agency Inc. in Morton, Ill. Terms of the deal were not disclosed. Heiser Insurance Agency is a retail insurance broker providing retail property/casualty, employee benefits and risk management insurance services for commercial …

N.Y. Agency Owner Charged With Issuing Fraudulent Certificates of Insurance

Authorities said a New York-based insurance agency owner has been charged with allegedly issuing fraudulent certificates of insurance. The New York State Police announced on Dec. 22 that Walter Davis, the owner of W. Davis Insurance in Saint Johnsville, N.Y., …

Drunken Walking Can Be Deadly, Especially on New Year’s Day

Drinking and driving is a much-publicized, dangerous combination, but is walking after drinking any safer? “No, alcohol impairs your physical ability, period,” says trauma surgeon Dr. Thomas Esposito at Loyola University Health System in Maywood, Ill. “Every movement ranging from …

Toyota Claimants Not Part of $1.1 Billion Settlement Face Uphill Climb

Toyota Motor Corp. eliminated a huge obstacle with a U.S. settlement over unintended acceleration in its cars and trucks, leaving it to fight smaller cases that will be harder for plaintiffs to prove and less likely to damage the company’s …

P/C Industry’s 9 Month Results Show Insurers Can Handle Sandy Losses: ISO, PCI

Before Hurricane Sandy hit, private U.S. property/casualty insurers’ net income after taxes grew to $27 billion in nine-months 2012 from $8.4 billion in nine-months 2011. Insurers’ overall profitability as measured by their annualized rate of return on average policyholders’ surplus …

Insurers Divided Over North Carolina Auto Insurance Rate System

A divided auto insurance industry will try again next year to change a unique regulatory system in North Carolina, which enjoys some of the lowest rates in the country. The industry will use the argument that average costs are low …