Yearly Archives: <span>2013</span>

Florida Court Lifts Ban on PIP Law But Challenge Continues

Florida’s no-fault automobile insurance law is fully in force for now after a district court lifted an injunction that blocked part of law on a legal technicality leaving open the possibility for further challenges in the future. The Florida First …

After Sandy, Only a Lucky Few Getting Buyouts

The forces of nature had been threatening the Oakwood Beach neighborhood in Staten Island, New York City, for years, flooding the streets every time it rained, sending crabs skittering into bungalows and swamping basements so regularly that it was just …

Study Suggests Topography Can Strengthen Tornadoes

The Georgia town of Trenton seems to fit the model. Two people died there about a block from each other. Ringgold, Ga., does, too. Death toll there: 8. In both cases, National Weather Service maps that tracked the April 27, …

Alabama Creates Research Center to Study Home Insurance

Gov. Robert Bentley is creating a research center at the University of Alabama to try to improve the availability and affordability of homeowners insurance following hurricanes and tornadoes that demolished homes from the coast to the Tennessee line. Bentley went …

Finnegan to Remain at Chubb Despite Retirement Policy; Executive Switches, Q3 Results Reported

The Chubb Corp.’s board of directors announced Thursday that John D. Finnegan, Chubb’s chairman, president and chief executive officer, will remain in his current roles until the end of 2016, breaking a Chubb policy that senior executives should retire at …

U.K. Braces for Hurricane-Force Winds in Worst Storm Since 1990

Southern England is girding for 90 mile-per-hour winds as the biggest storm since 1990 is forecast to fell trees and damage buildings. Rain and high winds are predicted to lash the area on the evening of Oct. 27 through to …

Sandy Left-Behinds Brace for Second Year With Relief Elusive

For more than a half-century, Whitey’s Landing on New Jersey’s Barnegat Bay has served boaters pulling up for engine repairs or clams from the bait freezer. This season, only one-third of its 30 moorings were leased, and fuel sales were …

State Auto’s Restrepo Takes Over As PCI Chair

State Auto Insurance Companies President, Chairman and CEO Bob Restrepo has been elected chair of the board of governors of the 1,000-member Property Casualty Insurers Association of America (PCI). The one-year term began with Restrepo’s election during this week’s PCI …

Jury Finds Toyota Liable in Unintended Acceleration Death Claim

Toyota Motor Corp. has been found liable in an unintended acceleration lawsuit in the U.S., one of the first such cases to go to trial since the Japanese carmaker began recalling millions of vehicles in 2009 over acceleration issues. A …

TT Club Sees Latin American Trade Growth Creating Infrastructure Challenges

Speaking at the recent TOC Americas Conference in Miami, TT Club’s Senior Underwriter, Dan Negron, outlined his views on future Latin American trade growth and the pressures that this will create on the region’s transport infrastructure. TT Club’s bulletin noted …