Yearly Archives: <span>2013</span>

Judge Weighs Alabama City’s Case Over Police Officer’s Facebook Posts

A Dothan, Alabama judge is considering whether city officials acted appropriately in upholding disciplinary action against a police officer for Facebook posts she made. Circuit Judge Butch Binford heard arguments in the case of Dothan Police Cpl. Raemonica Carney. Police …

California Lodge Owner Convicted Of Insurance Premium Fraud

Brookdale Lodge owner Sanjiv Kakkar, 52, was sentenced to 364 days in jail and three years of probation after pleading no contest for two felony counts including insurance premium fraud and failing to maintain workers’ compensation insurance. Kakkar paid restitution …

Virginia High Court Reverses Verdict in Virginia Tech Shootings

Virginia Tech University couldn’t have foreseen the rampage of a lone gunman who initially shot two people to death and later killed 30 more, the Virginia Supreme Court ruled, reversing a wrongful death verdict against the state. [The Virginia Supreme …

Penn. Regulators Offer Advice on Insurance Coverage for Halloween Hazards

Soon, trick-or-treaters will hit the streets for Halloween. But with so many unpredictable elements at play, the chances of an accident or mishap are increased this time of the year. Kids in costumes, neighborhood foot traffic, candles and general Halloween …

Bolt Solutions Acquires Online Aggregator Superior Access (SAIS)

Bolt Solutions Inc., which provides property/casualty insurance online distribution and comparative rating platforms, has acquired Austin, Texas based Superior Access Insurance Services Inc. (SAIS), which it says is the industry’s largest online insurance aggregator. Founded in 1996 by independent agents, …

Buffett Looking For Acquisitions as Berkshire’s $40B Cash Pile Deemed ‘Too Much’

Warren Buffett, who aims to have $20 billion in cash at his Berkshire Hathaway Inc., isn’t investing fast enough to keep money from piling up. Berkshire will post a $4.3 billion third-quarter profit, according to an estimate from Barclays Plc, …

Wall Street Commuter Ferry Operator Settles Crash Claims

The owner of SeaStreak Wall Street, a commuter ferry that crashed in Manhattan’s financial district on Jan. 9, has settled more than 45 personal-injury claims for almost $1 million, according to a lawyer for the company. SeaStreak settled 40 to …

Safe, Happy Halloween From ‘World’s Leading Authority on Poisoned Candy’

I have a second, unpaid job. It’s seasonal. Each year during the last two weeks of October, I field a lot of calls from reporters. You see, I’m the world’s leading authority on poisoned Halloween candy. I acquired this distinction …

Aon Benfield’s Impact Forecasting Launches Riot Modeling Tool for Indonesia

Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, announced the launch of “its first tool to understand the financial impact of riots by developing an analysis of the threat within Indonesia.” The bulletin explained that the …

XL Group Posts $135.6 Million Q3 Net Income

The XL Group announced net income and operating net income of $135.6 million and $154.6 million, respectively, compared to net income and operating net income of $171.9 million and $188.0 million, respectively, in Q3 2012. The decrease was “primarily due …